06272016Mon
Last update: Mon, 27 Jun 2016 12pm

Europe

World - Europe

EU not 'closing door' on UK staffers after Brexit vote BRUSSELS: European Commission head Jean-Claude Juncker on Friday told the EU's British employees that their jobs were safe for now even after the historic decision by UK voters to exit the bloc."I know that many of you are concerned about your future after this vote," Juncker said in a letter to Commission staff seen by AFP.But he said employees at the Commission, the EU's executive arm, above all "work for Europe"."You left your national 'hats' at the door when you joined this institution and that door is not closing on you now," Juncker said, without outright guaranteeing job safety for the future.The commission employs 1,164 British citizens, about 3.5 percent of the vast bureaucracy's 33,000 total, according to EU data."I know you all have legitimate expectations about your rights and duties, your families who might have followed you to Brussels and your children who might be enrolled in schools here," ...

World - Europe

Mexico announces $1.68 bn budget cut after Brexit MEXICO CITY: Mexico's Finance Minister Luis Videgaray announced on Friday a $1.68 billion budget cut to deal with the consequences of Britain's vote to leave the European Union."The British people have surprised the world," Videgaray told a news conference.The budget cut, which will not involve state oil firm Pemex, will ensure that the government reduces its financing needs and meets its fiscal deficit goal, Videgaray said."At this moment of higher complexity in international financial markets, ...

World - Europe

Pope Francis denounces Armenian 'genocide' in Yerevan YEREVAN: Pope Francis on Friday denounced the mass killing of Armenians a century ago by Ottoman forces as "genocide", risking Turkey's fury as he met Armenian President Serzh Sarkisian."This tragedy, this genocide, has unfortunately marked the start of a sad series of great catastrophes of the last century," the pontiff said at the presidential palace in Yerevan.Copyright AFP (Agence France-Presse), 2016 ...

World - Europe

Greek foundation unveils new Athens opera, national library ATHENS: A leading Greek foundation on Friday unveiled a sprawling new park, opera and national library in southern Athens designed to "give hope" to a country brought low by a six-year economic crisis.The 1,400-seat opera, library and adjoining park designed by famed Italian architect Renzo Piano cost nearly 600 million euros ($680 million) and took eight years to design and build."We thought it was very important to give hope," Andreas Dracopoulos, co-president of the Stavros ...

World - Europe

G7 finance ministers now on conference call over Brexit: Germany BERLIN: Finance ministers and top central bankers from the Group of Seven industrial powers are currently conferring over Britain's decision to leave the European Union, a German finance ministry spokesman said Friday."We had hoped for another result from this referendum, but we were prepared for this result," said Martin Jaeger, adding that "a telephone conference of G7 ministers and central bank governors is currently taking place."A statement may be issued following the talks, the spokesman ...

World - Europe

Dijsselbloem: Unlike the British, the EU must pursue stability THE HAGUE: The lesson of Britain's vote to leave the European Union is that the bloc cannot continue along a path of deepened integration or further enlargement, the chair of the council of euro zone finance ministers said on Friday. Speaking before a cabinet meeting in The Hague, Jeroen Dijsselbloem said European leaders' first task following the vote was to preserve stability. "The worst thing we could do is allow more instability into the EU," ...

World - Europe

Spanish PM says EU should be reformed to focus on economy after Brexit vote MADRID: The European Union should be reformed to focus on economic growth, jobs and greater integration after Britain's vote to leave the bloc, Spain's acting Prime Minister Mariano Rajoy said on Friday. "Now that we are finally coming out of the economic crisis, we must shift the European Union's focus towards the necessities of its people, putting the emphasis on growth and unemployment," Rajoy told a news conference. "This result must make all (EU) member ...