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America's economic ills spread to Europe

A customer fills up his petrol tank at a petrol station in Munich, May 27, 2008. Germany and France provided reminders on Tuesday of how vulnerable Europe's economy is as long as soaring food and fuel prices erode confidence and household spending power.   REUTERS/Alexandra Beier (GERMANY)It took a few months. But the economic woes touched off by soaring oil prices and the subprime mortgage crisis in the United States are finally engulfing Europe.


 
EU proposes major food aid package but plan faces opposition
The European Commission proposed Friday donating one billion euros in unused EU funds to farmers in poor countries as a one-off measure to help them tackle spiralling food prices.
 
EU opens competition probe into dairy merger
The European Commission on Thursday launched a probe into a proposed merger of dairy giants Friesland Foods and Campina, expressing "serious doubts" it would comply with EU competition rules.
 
EU clears Pernod Ricard takeover of Absolut vodka
The European Commission cleared on Thursday Pernod Ricard's takeover of Sweden's Absolut vodka after the French drinks giant promised to sell some brands in order to ensure competition.
 
EU regulators raid grain traders, distributors
EU anti-trust regulators have raided the premises of grains and other farm product traders on suspicions they have been operating a cartel.
 
EU proposes free fruit and veg scheme for schools
European schoolchildren could soon receive free fruit and vegetables as part of an EU effort to keep them from becoming overweight, according to a European Commission proposal lodged Tuesday.
 
EU plans in the works for free fruit in schools
European schoolchildren could soon receive free fruit at school as part of an EU effort to keep them from becoming overweight, according to a European Commission proposal due on Tuesday.
 
Barroso proposes one billion euro EU fund to fight hunger
European Commission chief Jose Manuel Barroso said Monday he would propose the creation of a one billion euro EU fund to fight hunger and help farmers in poor countries.
 

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