Brussels: Manufacturers take on EU pharma over ban, Obama trie...
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Brussels
Thursday July 04 2013
EU - latest Eurozone and European Union news headlines - FT.com
Manufacturers take on EU pharma over ban
Drugs industry is pitted against small producers following ruling to outlaw distribution of branded products handed out by marketing representatives
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/VTIOCK/9A/h?a1=2013&a2=7&a3=4
Obama tries to calm European anger at US spying
In a phone call with Chancellor Merkel, the President said he 'takes seriously the concerns of our European allies and partners', said White House
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/HICRN7/9A/h?a1=2013&a2=7&a3=4
Fed's shift to exit gives ECB headache
The euro bloc rate-setters are seeing fresh signs of financial fragmentation, with the rise in borrowing costs steeper in the periphery than the core
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/YG9VAK/9A/h?a1=2013&a2=7&a3=4
Merkel in drive to help jobless youth
German chancellor, whose country has lowest youth unemployment in Europe, faced angry criticism at home for lack of generosity, with €8bn available
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/4V35WJ/9A/h?a1=2013&a2=7&a3=4
Regulators are finally closing in on banks
One of the biggest weaknesses exposed by the 2008 crisiswas that banks held too little capital for the risks they were unwittingly taking
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/9MTDIO/9A/h?a1=2013&a2=7&a3=4
EU votes to prop up carbon prices on ETS
Europe to reduce the glut of carbon trading permits that has pushed prices to record lows in a move that has split businesses across the bloc
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/87LKY1/9A/h?a1=2013&a2=7&a3=4
Europe should become a cyber fortress
In this world of realpolitik, countries that are eager to protect their secrets must take up the challenge and keep the snoopers out
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/7Z1XDH/9A/h?a1=2013&a2=7&a3=4
Lenders press Greece over public sector
Athens and international creditors scramble to conclude a review of the loan programme before eurozone finance ministers meet in Brussels
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/FDOSRC/9A/h?a1=2013&a2=7&a3=4
EU relaxes infrastructure spending rules
Change to fiscal rules on infrastructure spending may be of little use to countries worst hit by crisis, because they still have to reduce debt load
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/XBQC2R/9A/h?a1=2013&a2=7&a3=4
MEPs block curbs on fund managers' pay
Controversial proposal to limit variable pay as a proportion of salary voted down by a majority of seven in the European parliament, much to the UK's relief
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/RPXB84/9A/h?a1=2013&a2=7&a3=4
Is Portugal heading for a second bailout?
Spike in borrowing costs following the teetering of the governing coalition could force EU and IMF officials into a discussion about a second bailout
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/B4BIQU/9A/h?a1=2013&a2=7&a3=4
Eurozone PMIs show region stabilising
The eurozone economy looks on course to stabilise in the second half of this year, even if a return to outright growth is still a while off, business surveys suggested on Wednesday
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/Z8S2ZS/9A/h?a1=2013&a2=7&a3=4
Cyprus seeks to ease bailout terms
President Nicos Anastasiades and central bank chief will meet ECB head Mario Draghi in a bid to soften the terms imposed on the banking sector
http://link.ft.com/r/CTBPCC/IEGCUL/PRAK1O/06B6Z4/B4BIQG/9A/h?a1=2013&a2=7&a3=4
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