Economy of the European Union
Italy and France have been placed on an economic "watch-list" by the European Commission.
High debt and deficit levels are the reason for the EC's decision to put the second and third-largest Eurozone economies among 14 nations with "imbalances", according to a report published on Wednesday and cited by EUObserver.
The troika faced an immense challenge in dealing with the euro crisis but the adjustment programs it helped implement in Greece and other countries lacked transparency and were not fully adapted to those states, according to a European Parliament committee, which recommended on Tuesday the International Monetary Funds involvement in future bailouts be optional.
LONDON - Prime Minister of Serbia Ivica Dacic participated in a high-level regional forum organized in London on Monday by the European Bank for Reconstruction and Development (EBRD) and presented Serbia's results in the creation of favorable business and investment environment, emphasizing that no project can be implemented without stability of the region.