Key Economic News to Watch This Week: May 27
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The UN Security Council meets later this week to discuss a possible Cyprus reunification following talks with leaders of Greek and Turkish sides of the divided Mediterranean island. Officials say Greek and Turkish sides now have strong economic reasons to agree a reunification that could help ease debt problems and speed exploitation of disputed gas fields.
Monday, May 27
The UN Security Council meets later this week to discuss a possible Cyprus reunification following talks with leaders of Greek and Turkish sides of the divided Mediterranean island. Officials say Greek and Turkish sides now have strong economic reasons to agree a reunification that could help ease debt problems and speed exploitation of disputed gas fields.
Monday, May 27
Indian Prime Minister Manmohan Singh travels to Japan to oversee the early conclusion on a civil nuclear cooperation as well as the signing of infrastructure project deals worth more than $15 billion. He will also hold talks with his Japanese counterpart Shinzo Abe on a wide spectrum of issues of mutual interest and discuss ways to bolster strategic and global partnership between the two countries.
Libyan Prime Minister Ali Zeidan makes an official visit to the European Union headquarters in Brussels and will meet with all three presidents –- the commission’s José Manuel Barroso, the European Council’s Herman Van Rompuy and the European Parliament’s Martin Schulz. Last week EU officials approved a 30 million euros mission to help Libya improve its border security in response to concerns that Islamist militants and weapons move freely across the North African country’s frontier.
U.S. markets are closed for the Memorial Day holiday.
Tuesday, May 28
The European Policy Centre debates a single labour market in the EU. Speakers include László Andor, commissioner for employment and social affairs, and Helmut Weber, head of the German federal ministry of labour.
Related: Italy Ponders Radical ‘Job Sharing’ Scheme to Improve Youth Unemployment
Related: Germany Offers 5,000 Jobs a Year to Unemployed Young Spaniards
Wednesday, May 29
The Organisation for Economic Co-operation and Development presents its latest economic outlook. The twice-yearly report presents analysis and growth projections for the world’s big economies.
Iran’s foreign minister, Ali Akbar Salehi, convenes talks in Tehran on efforts to find a peaceful solution to the Syria crisis, with representatives from countries and international organisations, including the Organisation of Islamic Co-operation.
Related: Russia, Arab League Push For Direct Syria Talks
Thursday, May 30
The United Nations Security Council meets in New York to discuss a possible Cyprus reunification, following talks with leaders of Greek and Turkish sides of the divided Mediterranean island. Alexander Downer, special advisor on Cyprus to U.N. Secretary-General Ban Ki-moon, said Greek and Turkish sides now had strong economic reasons to agree a reunification that could help ease debt problems and speed exploitation of disputed gas fields.
Related: Cyprus Receives First EU-IMF Aid Tranche
Related: Cyprus Bailout: Centre of A Power Struggle Over Natural Gas?
Friday, May 31
“Blockupy Frankfurt” takes place in the German financial capital. Organisers and activists are planning to gather in the banking area of Frankfurt to protest against the austerity policies of the German government and the so-called troika.
