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Euro-labelled assets decreased sharply in the first quarter of 2008, confirming the gloomy economic sentiment towards financial markets, triggered by the credit crisis and its increasing impact in Europe.
From 2015 onwards, deaths would outnumber births in the EU so that, by 2060, one in three Europeans will be aged over 65, putting a huge burden on the economy and public finances, the Commission warned yesterday (26 August).
Heads of state and government agreed at the March 2005 Summit to revise the EU's Stability and Growth Pact reform. (read more)
'Flat tax' is a recurring issue in the new member states these days, and calls for tax cuts and simplification are also coming from elsewhere in Europe. (read more)
In accordance with the provisions of the Maastricht Treaty, all new members of the EU are eligible to join the European single currency, the euro. (read more)