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Germany & European Union: The European Central Bank (ECB) in Frankfurt / copyright picture alliance / Photoshot Joint Franco-German communiqué on the current situation in the euro zone
President Nicolas Sarkozy and Chancellor Angela Merkel have reaffirmed their determination to implement in full the resolutions reached by the heads of state and government of the euro-zone states and by the institutions of the European Union on 21 July 2011. They welcome the measures recently announced by Italy and Spain designed to consolidate the budgets of the two states more swiftly and to enhance their competitiveness. more
Germany & European Union: Stranded flood victims in Pannu Aqil of the Sindh province, Pakistan / copyright dpa Remembering the 2010 floods in Pakistan, helping recovery
One year after the worst monsoon floods in 80 years, vulnerable populations in Pakistan are still struggling to rebuild their lives and recover from the effects of the disaster. The European Union continues to support the worst-affected populations with generous humanitarian aid. more
Germany & European Union: European Commission to provide €244 million for 183 new environment projects / copyright Colourbox European Commission to provide €244 million for 183 new environment projects
The European Commission on Tuesday, 19 July, approved funding for 183 new projects under the LIFE+ programme, the European Union's environment fund. The projects involve all EU member states and cover actions in the fields of nature conservation, climate change, clean technology, environmental policy and information and communication on environmental issues. Overall, they represent a total investment of some 530 million euros, of which the EU will provide 244 million euros. more
Germany & European Union: The EU Council building in Brussels / copyright dpa Europe announces a fresh Greek rescue deal
European leaders have said the eurozone, the International Monetary Fund and the private sector will all contribute towards a second package of emergency loans for Greece, at a debt-dominated summit in Brussels. more
Germany & European Union: EU's €7 billion boost for research and innovation / copyright picture alliance EU's €7 billion boost for research and innovation
On Tuesday, 19 July, the European Commission announced a nearly seven billion euro funding to kick-start innovation through research. The Commission's biggest ever such funding package, under the EU's Seventh Framework Programme for Research (FP7), is expected to create around 174,000 jobs in the short-term and nearly 450,000 jobs and nearly 80 billion euros in GDP growth over 15 years. more
Germany & European Union: A mountain village in western Nepal / copyright dpa EU supports improvement of economic and public finance governance in Nepal
The European Union (EU) has joined hands with the NGO Federation of Nepal to improve economic and public finance governance in ten districts of Nepal. The project entitled 'Strengthening Participation of Civil Society Organizations (CSOs) to Improve Economic and Public Finance Governance in Nepal' was launched in the presence of officials from Nepal's Ministry of Local Development, and other line ministries. more
Germany & European Union: German Chancellor Angela Merkel at the interview with ARD / copyright dpa Merkel calls for a European ratings agency
In a TV interview, German Chancellor Angela Merkel voiced her scepticism on restructuring Greek debt and called for the creation of a European ratings agency, in the wake of the downgrading of some eurozone members. more
EU to boost humanitarian funding for Pakistan
The European Commission has increased by six million its humanitarian support for the people of Pakistan affected by last year's floods and the ongoing conflict. more
European Union provides €22 million to support peace process in Nepal
The European Union and the Government of Nepal (Ministry of Finance) have signed a financing agreement for a grant of 22 million euros (2.2 billion Nepali Rupees) for peace related activities to be implemented under the Nepal Peace Trust Fund (NPTF). This contribution from the EU is aimed to support and facilitate the implementation of Nepal's Comprehensive Peace Accord (CPA) of November 2006. more
Germany & European Union: International Monetary Fund (IMF) Managing Director Christine Lagarde holds a news briefing at the IMF headquarters in Washington, D.C. / copyright picture alliance / newscom New IMF chief Lagarde promises more influence for growing economies
In her first news conference as head of the International Monetary Fund, Christine Lagarde pledged to give developing economies a greater voice at the lender. She also promised to help tackle the eurozone debt crisis. more