The second estimate for the first quarter of 2011 on the current account is a deficit €38.8 billions

The EU27 external current account recorded a deficit of €38.8 billion in the first quarter of 2011, compared with a deficit of 27.7 bn in the first quarter of 2010, according to the latest available data. In addition, there is a €16.9 bn surplus on trade in services.

Read more …

A European study affirms that individuals tailor-made diets would help to improve the health and well-being

The FOOD4ME project points out that individuals tailor-made diets will help improve the health and well-being. The physical and genetic make-up of each individual would be assessed to ensure the right diet is going to work for the right person.

Read more …

The European Union Mediation Directive is not yet fully implemented in nine EU countries

Commission starts legal procedure against nine countries which are not yet notified all national measures needed to fully implement the European Union Mediation Directive. This Directive entered into force on 21 May and it applies when two parties who are involved in a cross-border dispute voluntarily agree to settle their dispute using an impartial mediator. Now these nine countries have two months to respond.

Read more …

Launched the Africa's first microfinance fund for sustainable farmers

The European Investment Bank, Agence Française de Développement and a broad grouping of development bodies, social investors and microfinance service providers launched FEFISOL, the European Solidarity Financing Fund for Africa. The €15 million FEFISOL fund will provide microfinance funds for poor rural households across Africa and will help finance small scale investment in agricultural activities.

Read more …

Council agreement in a new programme for Greece with voluntary contribution of the private sector

The Ministers reaffirmed their commitment to ensure the financial stability of the euro area. Among the measures, they will support a new programme for Greece, together with the IMF and the voluntary contribution of the private sector. With the new measures, the Council intends to stop the risk of contagion, improving the Greek debt sustainability as well as improving the Eurozone's crisis management.

Read more …