The Member States discussed over the text on the banking union to be adopted by the Council of Finance Ministers on December 4th. It’s an issue that the Vice-President of the Parliament, Gianni Pittella, has followed closely. In an interview on the eve of the Commission’s vote, he shares his views with Presseurop.
MADRID | Germany has made clear to its partners they must lose all hope about increasing financial solidarity in a foreseeable future. Eurobonds and funds to prevent external shocks are to be shelved for the time being.
Bulgarian anthropologist Ivaylo Dichev wonders: How is it that Western Europe is succumbing in its turn to the forces of separatism and disintegration that were at work in Eastern Europe in the 1990s? Need we search for the reason in the irresponsible policy of regionalism advocated by the EU?
In 2011, 24% of the European Union population were at risk of poverty or social exclusion, corresponding to around 120 million people.
Lord Justice Leveson’s much-anticipated report into British press standards has been published and provided a damning indictment of media ethics. As a result of the scandal, which erupted over illegal interception of telephone calls, a host of journalists face criminal charges.
Britain wants the budget frozen at its 2011 level. But if the talks collapse, the 2013 budget will simply be rolled over to 2014 but with inflation added. The budget would end up far larger than 2011, says John Springford, research fellow at the Centre for European Reform.
EU has once and again proved it can only curb its dwarfing tendency when confronted to emergency situations. Let’s hope the row over the Banking Union governance is settled well before the next one.
Constantly struggling to keep up with the austerity imposed by the Troika, Greece has managed to cut public spending much more efficiently than it’s acknowledged. Economic recovery, though, is still nowhere to be seen. The IMF is right to rethink the current policies before it is too late.
Ever more austerity? Only Ireland has managed to escape, and barely, from the budget-cut trap at a considerable cost. No wonder the Commission hesitates to plunge Spain into a similar ordeal.
BRUSSELS | 80% of the Venetians would support independence. Mario Monti has convened an informal summit about centrifugal forces that most of the EU members are facing. Dangers of the community pax. By Jacobo de Regoyos.