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Europe Urged To Scrap Biofuel Targets To Ease Food Crisis

added: 03-06-2008

The statement is made in a letter to the European Commission and EU Heads of State urging them to abandon the proposed 10 per cent target for the use of biofuels in transport and to dismantle associated support measures. The call comes a day before a major United Nations conference on food security in Rome.

EU Food Prices Up By 7.1% Year-On-Year In April 2008

added: 02-06-2008

Since the end of 2006, but particularly since July 2007, food prices in the EU2 have increased more rapidly than overall inflation. The same pattern was observed for the euro area. In April 2008, the annual increase in food prices in the EU was 7.1%, compared with 3.6% for overall inflation, as measured by the all-items HICP. In the euro area, the annual increase in food prices was 6.2%, compared with 3.3% for overall inflation.

Euro area unemployment stable at 7.1% in April 2008

added: 30-05-2008

The euro area (EA15) seasonally-adjusted unemployment rate stood at 7.1% in April 2008, unchanged compared with March. It was 7.5% in April 2007. The EU27 unemployment rate was 6.7% in April 2008, also unchanged compared with March. It was 7.2% in April 2007.

More Competition in Airline Reservation Systems - with Protection for Consumers

added: 30-05-2008

The Transport Committee is backing proposals to simplify and modernise the rules for the computerised reservation systems used by high-street and online travel agents to book airline tickets for their customers. MEPs believe this will mean more competition and therefore lower distribution costs, but they also want measures to ensure consumers get a fair deal - and can be presented with environment-friendlier travel options.

Monetary Developments in the Euro Area in April 2008

added: 29-05-2008

The annual rate of growth of M3 increased to 10.6% in April 2008, from 10.1% in March 2008. The threemonth average of the annual growth rates of M3 over the period February 2008 - April 2008 declined to 10.7%, from 11.0% in the period January 2008 - March 2008.

Economic Sentiment Decreases Further In The EU And Remains Stable In The Euro Area

added: 29-05-2008

In May, the Economic Sentiment Indicator (ESI) decreased further by 1.3 points to 96.7 in the EU and remained unchanged in the euro area at 97.1. In both regions, the ESI stands below its long-term average.

Financial Inclusion – Ensuring Adequate Access to Basic Financial Services

added: 28-05-2008

The study “Financial Services Provision and Prevention of Financial Exclusion” prepared for the European Commission aims at identifying and analysing the most effective policy measures to prevent financial exclusion of people facing poverty or social exclusion.

New EU Study Lifts Lid on Financial Exclusion

added: 28-05-2008

Millions of Europeans face an increased risk of social exclusion through lack of access to basic financial services, according to a new study presented by the European Commission. It reveals that 2 in 10 adults in EU-15 and almost half in EU-10 (47%) do not have a bank account while many more have no savings and lack access to credit.

Euro Area Balance of Payments in March 2008

added: 28-05-2008

In March 2008 the working day and seasonally adjusted current account of the euro area showed a deficit of EUR 15.3 billion. In the financial account, combined direct and portfolio investment showed net outflows of EUR 18 billion.

Investigate Environmental Risks Of Nord Stream Pipeline

added: 28-05-2008

The planned Nord Stream pipeline under the Baltic Sea is just one of many infrastructure projects needed to meet the EU's growing demand for natural gas. Its likely environmental impact should be carefully investigated, and possible alternative overland routes should be assessed first, says an own-initiative report adopted by the Petitions Committee on Tuesday. MEPs also want the EU to play a bigger role in supervising the project.

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