European Commission

16239017

“Without a fiscal authority, Europe will always be a poorly designed system”

Professor of Economics at Columbia University Martin Uribe strongly believes that the Eurozone needs structural changes to tackle the crisis, especially in fiscal matters. For this expert in macroeconomic analysis, who has worked for many universities and institutions including the European Central Bank, the lack of tax policy at a European level is condemning the least developed countries to beg for aid. Uribe talked to The Corner summer interviews’ series from…


sjjsj

European Commission to monitor Spain’s reform of Coastal Law

MADRID | European Commission vice-president Viviane Reding, who is also the EU’s Justice commissioner, highlighted Friday an announcement by the Spanish government that it intends to improve legal certainty for property owners along the country’s coast. Homes have been affected by the Coastal Law for several years now and buyers involved have repeatedly brought their case to Brussels, under the impression that Spanish authorities were not sufficiently active in tackling abuses. The…


lkzx

EU funds: fraud and credibility

Financial deceit within institutions whose accountability is precarious has a multiplying effect. The abuse of money immediately passes for an embedded practice, and the actual size of the affair is consequently believed to be much larger. After all, as it happens with European Union officers, taxpayers would despair for the lack of their habitual democratic recourse to make those responsible feel their anger. That is why the latest data on…


xjid

Why BANKIA rescue shatters confidence in the Spanish financial system

MADRID | A few weeks ago, the Spanish government adamantly denied any hint on disbursing a single penny in banking sector support. A few days ago, it acknowledged the necessity to do just the opposite for anchoring ailing entities. In a desperate face saving attempt it discarded such a funding might lead to open aid, support being provided at a punitive 10% interest rate. But BANKIA discomfiture has led to a…


mobilephone

European mobile roaming regulation to save users €15 billion

New price caps for mobile data roaming are expected to save families over €200 each year and business travellers over €1000, the European Commission said Thursday. From 1 July 2012, the European Union’s mobile roaming regulation will be extended to include price caps for data downloads which will mean significant savings for those using maps, email and social networks when travelling. Overall, the improved EU roaming regulation (taking into account calls,…