***** EUobserver.com - 26.07.2010 ******************************************
FINANCIAL SUPERVISION - FLEXIBLE ON PROCEDURE, FIRM ON SUBSTANCE
Parliament has voted to maintain its insistence that new financial
supervisory bodies have genuine powers over national affiliates to ensure
there is no repeat of the financial crisis. Member States seem slow to
draw the inevitable conclusions that they are not able to police
themselves.
http://www.alde.eu
***** THE NEWS *************************************************************
1. Critics slams Europe´s rescue mechanisms as a threat to social peace - 26.07.2010 - 09:11
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A member of a German quintet of professors that is currently challenging
the legality of Europe´s recently-devised support measures has said they
threaten to create enormous tensions between EU citizens if allowed to
stand.
http://euobserver.com/9/30530/?rk=1
2. EU commission called upon to go after corrupt defence deals - 26.07.2010 - 09:14
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MEPs and defence experts are calling on the EU commission to go after
market-distorting, corrupt side-deals to big weapon deals between member
states, such as the ones greasing Germany´s submarine sales to Portugal and
Greece.
http://euobserver.com/9/30519/?rk=1
3. Iran warns EU against imposing sanctions - 26.07.2010 - 09:22
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Iranian President Mahmoud Ahmadinejad has said the EU will "regret" the
economic sanctions it is planning to impose on Tehran later today at a
foreign ministers´ meeting in Brussels.
http://euobserver.com/9/30537/?rk=1
4. Seven banks fail to make the stress test grade - 23.07.2010 - 20:34
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Seven European banks have failed the region´s stress tests, designed to
assess their ability to withstand a series of worst-case scenarios such as
another recession.
http://euobserver.com/9/30535/?rk=1
5. EU Iran sanctions “most far-reaching ever agreed” - 23.07.2010 - 17:08
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European Union diplomats on Thursday agreed to a fresh package of sanctions
against Iran going well beyond those imposed by the UN Security Council in
early June. The measures target the country´s energy industry as well as
its transport, banking and insurance sectors and will hurt not only Iranian
firms, but European companies as well.
http://euobserver.com/9/30534/?rk=1
6. Europe braces itself for stress test results - 23.07.2010 - 09:36
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Europe is bracing itself for the publication of a set of highly anticipated
stress test results, the culmination of a four-month long exercise designed
to dispel doubts over the region´s banking sector.
http://euobserver.com/9/30532/?rk=1
7. Kosovo independence no violation of law, finds International Court of Justice - 22.07.2010 - 17:48
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By a 10-4 majority, the judges of the International Court of Justice on
Thursday ruled that the unilateral declaration of independence by the
then-Serbian province of Kosovo did not violate international law.
http://euobserver.com/9/30529/?rk=1
8. European arrest warrant still ´delivering injustice´ - 22.07.2010 - 17:54
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Fast-track extraditions under the "European Arrest Warrant" are still
landing innocent people in foreign prisons, prompting distrust among
national prosecutors, with over 250 cases last year being brought to EU´s
judicial co-operation agency Eurojust for mediation.
http://euobserver.com/9/30527/?rk=1
9. Vatican puts its euro coins into circulation - 23.07.2010 - 09:25
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After years of serving as items for collectors, the euro coins issued by
the Holy See are starting to be used on streets of the Vatican City. The
first is a 50-cent coin bearing the image of Pope Benedict XVI.
http://euobserver.com/9/30533/?rk=1
10. China causing EU headache over property rights - 22.07.2010 - 16:41
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A European Commission annual report on customs detentions has shown that
the vast majority of fake goods entering the 27-member union continue to
originate from China, although last´s year global economic downturn saw a
decline in numbers.
http://euobserver.com/9/30526/?rk=1
11. Franco-German proposal attempts to side-step treaty change - 22.07.2010 - 09:30
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France and Germany have put forward a proposal that would enable greater
political sanctions to be imposed on states that repeatedly break the EU´s
budgetary rules, but without the need for an immediate EU treaty change.
http://euobserver.com/9/30523/?rk=1
12. Hungary tells IMF to take a hike - 22.07.2010 - 09:30
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Hungarian Prime Minister Viktor Orban is sticking to his government´s
position that the country will not impose further austerity measures and
has said that there is "no point" in continuing talks with the
International Monetary Fund.
http://euobserver.com/9/30525/?rk=1
13. EU farm payments likely to be capped under reform - 22.07.2010 - 09:16
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The European Commission has strongly hinted that new funding criteria under
a reformed EU common agricultural policy are likely to introduce a de facto
capping on the size of handouts given to the bloc´s farmers.
http://euobserver.com/9/30520/?rk=1
14. Remains of former Romanian dictator exhumed for DNA check - 22.07.2010 - 09:30
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More than 20 years after they were executed by firing squad, Romania´s
former Communist dictator Nicolae Ceausescu and his wife Elena were exhumed
on Wednesday at the request of their family to check if they were really
buried there.
http://euobserver.com/9/30524/?rk=1
15. France and Germany to coordinate defence spending cuts - 22.07.2010 - 09:25
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France and Germany are intending to co-ordinate defence spending cuts in a
bid to ensure that joint programmes are not endangered by unilateral moves
to rein in monies spent on military issues.
http://euobserver.com/9/30522/?rk=1
16. [Comment] EU starting to wake up to lacking defence rights - 22.07.2010 - 16:36
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The European arrest warrant is still prone to gross errors and denial of
basic rights, a situation the EU has only now started to recognise, write
Catherine Heard and Daniel Mansell of Fair Trials International
http://euobserver.com/9/30528/?rk=1
17. EU looking to reset relations with Switzerland - 19.07.2010 - 17:19
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With new institutions and powers granted by the Lisbon Treaty, the EU is
looking to reset its relations with Switzerland, currently governed by
120-odd agreements covering everything from wrist watches to borderless
travelling.
http://euobserver.com/24/30504/?rk=1
18. Commission plugs nuclear fusion funding hole with EU research cash - 21.07.2010 - 09:21
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An international project aimed at creating nuclear fusion energy that has
met with runaway construction costs will receive a fresh injection of cash
from the EU, with the European Commission diverting millions in research
monies and other EU spending to plug the funding hole.
http://euobserver.com/19/30518/?rk=1
19. EU to challenge WTO ruling on Airbus subsidies - 21.07.2010 - 09:29
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The EU is to file an appeal against the World Trade Organisation´s ruling
on a US complaint that state subsidies for the aerospace giant Airbus are
illegal and detrimental to its main competitor, Boeing.
http://euobserver.com/19/30517/?rk=1
20. Hungary´s forint, stock market fall - 20.07.2010 - 09:19
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Hungary´s currency fell sharply against the euro on Monday following the
collapse of talks between Budapest and the International Monetary Fund and
the EU over the country´s deficit situation.
http://euobserver.com/19/30510/?rk=1
21. EU to invest €6.4 billion in research - 20.07.2010 - 09:39
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Research organisations, universities and industry, will receive a sum of
€6.4 billion next year in the European Commission´s largest ever allocation
for research and innovation.
http://euobserver.com/19/30509/?rk=1
22. US firms seek more influence in central European nuclear power business - 20.07.2010 - 09:44
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An official US delegation last week undertook a trade mission to the Czech
Republic, Poland and Slovakia, showing support for American firms hoping to
participate in the building of new nuclear reactors in the region.
http://euobserver.com/19/30505/?rk=1
23. EU to hold atheist and freemason summit - 19.07.2010 - 21:16
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Brussels is to hold an EU summit with atheists and freemasons in the
autumn, inviting them to a political dialogue parallel to the annual summit
the bloc holds with Europe´s religious leaders.
http://euobserver.com/851/30506/?rk=1
24. Brussels wants US-style ´Miranda rights´ across Europe - 20.07.2010 - 17:35
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We have all watched American police or legal dramas and we are all familiar
with and could probably recite the warning a police officer gives to a
suspect as he is being handcuffed. Now here in Europe, we may soon have a
similar, but pan-European, practice.
http://euobserver.com/22/30514/?rk=1
25. Bulgaria and Romania worried that corruption may delay accession to border-free area - 20.07.2010 - 17:52
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The European Commission has once again slammed Bulgaria and Romania for
their persistent corruption, exposure of public funds to fraud, inefficient
judiciary and police, criticism that has the two countries worried that
their planned accession to the border-free "Schengen" area next spring will
be delayed.
http://euobserver.com/22/30511/?rk=1
26. EU announces maritime transport strategy - 21.01.2009 - 17:48
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EU transport commissioner Antonio Tajani launched proposals for a new
maritime transport strategy on Wednesday at a time when the sector faces
stiff competition during the economic downturn.
http://euobserver.com/882/27453/?rk=1
***** LATEST BLOG POSTS ****************************************************
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