Accuracy in Media

Talk about a PR disaster in Brussels: The EU is poised to ban high-powered appliances such as kettles, toasters, hair-dryers within months of Britain’s referendum vote, despite senior officials admitting the plan has brought them “ridicule”. The European Commission plans to unveil long-delayed ‘ecodesign’ restrictions on small household appliances in the autumn. They are expected […]

David Cameron will resign come October from his prime minister position after the Leave vote won 52%-48%. Flanked by his wife Samantha, Mr Cameron announced shortly after 08:15 BST that he had informed the Queen of his decision to remain in place for the short term and to then hand over to a new prime […]

The anti-austerity party in Greece named Syriza won the election and now puts the entire European Union (E.U.) currency zone, the eurozone, at risk. The left-wing party may be joined by a right-wing party to form a coalition government and oppose the E.U. bailouts.

The entire eurozone system could be thrown into chaos, some say, if the left-wing political party wins the upcoming election.

WASHINGTON — Italy’s economy was stagnant again, and France continued to tumble economically as investors and analysts worried about its impact on the eurozone as a whole. Reuters reported that the Italian economy has contracted for two straight years, but did not contract this past quarter. Some hope that a recent rise in industrial output […]

WASHINGTON — Lithuania expects they will be joining the European Union eurozone (the economic bloc using the euro has their main currency), even with their budget deficit higher this year than their original forecasts. Reuters reported that they aim to join the eurozone by 2015 and the main qualification is that its deficit cannot exceed […]

WASHINGTON — Portugal’s economy has struggled for some time, and recent government statistics indicated that these economic doldrums could be over sooner rather than later. Reuters reported that the country’s jobless rate fell for the second consecutive quarter this year and were lower than at this point last year. Unemployment fell to 15.6% from 16.4% […]

WASHINGTON — Investor sentiment in the eurozone, or the European Union countries that use the euro as currency, is on the upswing even though their overall economies are struggling. Reuters reported that investors were encouraged by the end of the currency bloc’s recession, which was buoyed by the German economy. This is a big improvement […]

WASHINGTON — Cyprus, which is in the Mediterranean Sea and close to Syria, is not going to involve itself in any potential strike on Syria. Reuters reported that the island nation would only offer assistance to third-country nationals and citizens that are fleeing the Middle East. Cypriot government spokesman Christos Stylianides said that any intervention is […]

WASHINGTON — The German electoral race is getting closer to the end as incumbent Chancellor Angela Merkel faced off against her Social Democrat opponent Peer Steinbrueck. Reuters reported that Merkel has led the entire electoral race from the start as Germany continues to buoy up the European Union and the eurozone currency system, but even […]