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Jorge Liboreiro

Europe News

EU talks to cap Russian oil prices hit impasse as key deadline nears

The latest proposal to cap Russian crude at $62 per barrel was deemed too high by Poland and the Baltic states.

Economy

What is a recession? Is Europe already in one? It's not easy to tell

Russia's war in Ukraine and the global energy crisis have drastically worsened Europe's economic outlook.

Europe News

'It's a bad joke': Energy ministers blast proposed EU gas cap

The European Commission has designed a cap on gas prices with very stringent conditions and safeguards attached.

Europe News

European Parliament declares Russia a 'state sponsor of terrorism'

MEPs called on EU countries to reduce diplomatic relations with Russia and keep them "to the absolute minimum necessary."

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Economy

Brussels unveils first-ever EU cap on gas prices but as 'last resort'

After months of political pressure, the European Commission has presented a formal proposal to prevent high gas prices.

Europe News

Four EU countries block reform of controversial energy treaty

The European Commission argued member states were better off inside a reformed treaty rather than outside.

Europe News

COP27: EU left 'disappointed' by lack of ambition in final deal

A call to phase down all fossil fuels, including gas and oil, was blocked by Saudi Arabia, Russia and other big emitters.

Europe News

EU gas cap will be suspended if LNG cargoes go elsewhere – EU official

The instrument will act as a "safety ceiling" to prevent excessive gas prices and curb rampant speculation.

Europe News

Croatia, Bulgaria and Romania are 'ready' to join the Schengen Area

The European Commission has urged member states to accept the three candidates in the passport-free area.

Europe Decoded

EU states have relocated just 117 asylum seekers out of 8,000 pledges

The system is supposed to enable the relocation of people from southern EU countries to other states across the bloc.

Europe Decoded

Ukraine's 2023 budget has a $38 billion gap. Who will help cover it?

Russia's war has ravaged Ukraine's economy, prompting a drastic decline in revenues and forcing the country to ask for foreign assistance.

Europe News

Ukraine war: EU pledges €18 billion to cover Kyiv's budget gap

The Commission says the money will be raised on capital markets and then sent to Kyiv in the form of favourable long-term loans.

Economy

Brussels proposes new EU fiscal rules to turn the page on austerity

The new rules will give EU countries greater flexibility to design their own fiscal plans, which will need to ensure a gradual decline of public debt.

Europe News

EU democracy is under attack by mercenary spyware, claims new report

Illegal cases of spyware use have been detected in Poland, Hungary, Greece and Spain, raising concerns about privacy rights and press freedom.

Europe News

The EU promised €9 billion in financial aid to Kyiv. Where is it?

The macro-financial assistance is meant to help Ukraine cover its budget deficit and keep its economy running.

Europe News

COP27: EU intends to oppose separate fund for climate reparations

COP27 marks the first time that loss and damage is a formal part of the agenda.

Europe News

EU leaders head to COP27 as countries switch from gas to coal

The EU intends to urge other countries to "close the book on unabated coal" and put an end to "inefficient" fossil fuel subsidises.

Europe Decoded

Why do central banks raise interest rates to curb inflation?

Banks hope that if borrowing money becomes more expensive, consumer demand will fall, bringing down prices along the way.

Economy

European Central Bank announces new super hike of interest rates

The eurozone's central bank intends to make spending more expensive in order to bring down prices.

Europe Decoded

What is the Energy Charter Treaty and why is it so controversial?

The ECT establishes a system of private arbitration that can result in multimillion euro compensations for fossil fuel companies.

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