06252016Sat
Last update: Sat, 25 Jun 2016 01am

Europe

World - Europe

British PM wants EU employment law exemption: reports LONDON: Prime Minister David Cameron is seeking a British exemption from European Union employment laws as part of his push to gain more autonomy from Brussels, newspapers said Saturday.The Conservative leader wants to restore opt-outs on EU legislation that were given up by Labour prime minister Tony Blair, who led the country from 1997-2007, both The Times and The Daily Telegraph reported, citing unnamed sources.The British newspapers said Cameron wants exemptions from rules on working time limits and equal rights for temporary workers.Cameron's Downing Street office said the reports were "speculation," but added that the premier had made it clear he wants to reduce "unnecessary EU legislation".The recently re-elected British premier is seeking to renegotiate Britain's EU terms of membership and then hold an in-or-out referendum on the outcome by the end of 2017."This is just more of the speculation we said there would be during the negotiation," a Downing ...

World - Europe

Greek parliament backs new debt reform plan ATHENS: Greece's parliament on Saturday approved a reform package to save the country from financial collapse, as sources in Brussels said Athens's latest plan could form the basis of a massive new bailout worth 74 billion euros.The package was backed by 251 lawmakers, out of 300 deputies, according to an AFP tally, giving Greek Prime Minister Alexis Tsipras a mandate to continue last-ditch talks with the country's creditors ahead of an European Union summit on ...

World - Europe

Italy's Renzi says Greek deal may come before EU leaders meet Sunday ROME: Italian Prime Minister Matteo Renzi said he was optimistic an aid-for-reforms deal would be reached between Greece and its creditors and he hoped a quick accord would mean a meeting of EU leaders planned for Sunday would no longer be needed. Speaking at a news conference in Rome with Ireland's Prime Minister Enda Kenny, Renzi said he was "more optimistic than before" following Greece's submission of a set of fiscal and reform proposals to ...

World - Europe

Spanish government sees jobless rate below 20pc in 2016 MADRID: Spain's government said on Friday the country's unemployment rate would drop to 21.1 percent by the end of the year, from 23.8 percent now, and dip below 20 percent in 2016. Spain's stubbornly high unemployment rate - the highest in Europe after Greece - has been one of the biggest drags on an economic recovery, though jobs are now starting to be created. The government, which faces a general election by the end of ...

World - Europe

'Major advances' in Greek proposals: French economy minister MADRID: French Economy Minister Emmanuel Macron said on Friday he was "reasonably optimistic" on the possibility of the eurozone reaching an agreement with Greece, saying Athens has made "major advances" in its latest proposals."I believe that major advances have been made in the last few days," said Macron in Madrid, the day after Greece submitted its new proposals to creditors."The level of the reforms are in line with what was expected," he said, adding that ...

World - Europe

Greek proposals 'serious and credible': Hollande PARIS: French President Francois Hollande on Friday welcomed the latest proposals from Athens on a fresh bailout plan as "serious and credible"."The Greeks have shown a determination to want to stay in the eurozone because the programme they are presenting is serious and credible," Hollande said after Athens laid out details of a pensions overhaul and tax hikes in return for debt relief."The coming hours will be important," Hollande said, adding that "nothing is decided ...

World - Europe

Greece submits reforms to creditors to stay in euro ATHENS: Lawmakers in Greece will vote as early as Friday whether to back a last-ditch reform plan the government submitted to creditors overnight in a bid to stave off financial collapse and exit from the eurozone.Prime Minister Alexis Tsipras's administration handed the package to eurozone partners just two hours before a midnight deadline.The offer, set out in a 13-page document, concedes to Greece's paymasters on several key points that Tsipras's ruling coalition -- and the ...