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Word: benelux (lookup in dictionary) (lookup stats)
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...leaders presented their plan as a way to bolster the French-German axis in the E.U., which is considered key to further European integration. But the move angered Eastern European and Scandinavian countries, which see it as an attempt to impose a two-state directoire on the E.U. The Benelux countries, meanwhile, are throwing their support behind their own Prime Ministers - Herman Van Rompuy of Belgium, Peter Balkenende of Holland and Jean-Claude Juncker of Luxembourg. (See pictures of Nicolas Sarkozy...

Author: /time Magazine | Title: An E.U. Election Without Candidates (or a Vote) | 11/18/2009 | See Source »

...slap in the face for Europe," says Philippe Moreau Defarges, European-affairs specialist for the French Institute of International Relations. "The U.K.'s habit of participating only in those E.U. projects it wants to be involved with" is a strike against a Blair presidency, he says. The Benelux countries - the Netherlands, Belgium and Luxembourg - feel the same...

Author: /time Magazine | Title: Opposition Grows to Tony Blair's Bid for E.U. President | 10/15/2009 | See Source »

...said they'd pump $9.2 billion into troubled bank Dexia after news of its U.S.-linked losses sent its share price falling 30%. That followed Sunday's announcement that Fortis, the Dutch-Belgian insurance and banking giant, had been partially nationalized through a $16.4 billion injection from the three Benelux governments, each of which will acquire a 49% stake in operations in their respective countries. In Britain, meanwhile, the government announced this week it had taken control of problem mortgages from Bradford & Bingley, Britain's second biggest mortgage lender. Despite those moves amid the spreading U.S. crisis, however, observers believe...

Author: /time Magazine | Title: World Markets React with Caution to US Crisis | 9/30/2008 | See Source »

...obvious that Fortis had committed a catastrophic folly. Less than a year after the blockbuster deal, the Belgian, Dutch and Luxembourg governments agreed to inject $16 billion into an ailing Fortis, laid low by ongoing uncertainty in global credit markets. In return for the lifeline, each of the three Benelux governments took a 49% share in Fortis' banking units in their own countries. The part-nationalization of Belgium's biggest lender, which, with a worldwide staff of 85,000, is Europe's largest to be bailed out so far since the credit crisis began. It was a last resort, coming...

Author: /time Magazine | Title: Lessons from Europe's Big Bailout | 9/29/2008 | See Source »

...Some E.U. leaders have attempted to counter their jet-setting image by plane-pooling. The prime ministers of the Benelux nations - Belgium's Guy Verhofstadt, the Netherlands's Jan Peter Balkenende and Luxembourg's Jean-Claude Juncker - will share rather than each take a private plane. Similarly, Swedish Prime Minister Frederik Reinfeldt will travel with Denmark's Anders Fogh Rasmussen, and their Finnish and Estonian counterparts Matti Vanhanen and Andrus Ansip will also share planes...

Author: /time Magazine | Title: The EU Treaty's Flying Circus | 12/12/2007 | See Source »

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