Europe

Jean-Claude Juncker would "not say no" to staying as head of Eurogroup

Luxembourg Prime Minister Jean-Claude JunckerBrussels - Luxembourg Prime Minister Jean-Claude Juncker would agree to remain as head of the so-called Eurogroup when his second and theoretically final term of office runs out at the end of the year, he told a Luxembourg paper Wednesday.

"If all 15 finance ministers unanimously want to prolong my mandate, I won't be able to say no," Juncker told the Luxemburger Wort paper.

Juncker, who is also his country's finance minister, was elected to head the informal group of finance ministers from the countries which use the euro in 2004.

Polish, Portuguese presidents discuss Lisbon Treaty, Georgia

Warsaw  - Polish President Lech Kaczynski met with his Portuguese counterpart on Tuesday to discuss Georgia, Ukraine and the European Union's Lisbon Treaty.

Kaczynski said he was optimistic, along with Anibal Cavaco Silva, about the Lisbon Treaty's future, but stressed that Ireland must solve "its problem" on its own. Kaczynski added that his signature wasn't hindering the treaty's ratification, but it's the Irish no vote in a June referendum that's a hindrance.

Kaczynski also reaffirmed he was happy with the conclusions reached at Monday's EU summit on Georgia.

"I think either Nicolas Sarkozy's success in Moscow awaits us," Kaczynski said, "or the necessity to act further."

No breakup for ProSiebenSat.1 broadcasting group, owner says

Munich - European broadcaster ProSiebenSat. 1, which owns a string of TV channels in Germany, Scandinavia and eastern Europe, is not putting them up for sale, a main owner said in a news interview published Tuesday.

Joerg Rockenhaeuser, who heads the German operations of private-equity investor Permira, dismissed suggestions that the TV company raise cash by selling channels.

"From the shareholder point of view, that wouldn't make any sense," he told the newspaper Sueddeutsche Zeitung.

Permira and another private-equity investor, KKR, control 88 per cent of Munich-based ProSiebenSat. 1, which in turn owns the Swedish-based group SBS. Earnings at ProSiebenSat. 1 have lagged amid high debt after the SBS takeover.

Georgia crisis threatens EU bid for more energy sources

Vienna - Europe's declared goal to shift away from Russian oil and gas was always a challenge. It's even more difficult after Moscow's assault on Georgia, analysts say.

Georgia's strategic role as a pipeline transit country, run by a US-backed leadership that Moscow detests, formed the backdrop to the conflict that erupted in early August.

After Russian troops handed Georgian President Mikheil Saakashvili a humiliating battlefield defeat, the region's fragility and Moscow's clout are more obvious than ever. Monday's emergency EU summit on Georgia will not change that in the short term.

OSCE observers fault Georgians in conflict

OSCE observers fault Georgians in conflict Hamburg - European observers have faulted Georgia in this month's Caucasus conflict, saying it made elaborate plans to seize South Ossetia, according to the German news magazine Der Spiegel on Saturday.

In a report to appear in its Monday edition, it said officials of the Organization for Security and Cooperation in Europe (OSCE) had said acts by the Georgian government had contributed to the outbreak of the crisis with Russia.

Spiegel said OSCE military observers in the Caucasus had described preparations by Georgia to move into South Ossetia.

Eurozone inflation tipped to slide after oil price fall

Berlin - A slide in oil prices lead inflation in the 15-member eurozone to drop below 4 per cent in August, data to be released Friday is forecast to show, as a result helping to ease the pressure

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