Santander | Calls are growing for a European fiscal programme. Financed by joint SURE-style emissions guaranteed by member states. In this case, to combat the energy and security crisis as proposed in their open letter by EC Commissioners for Economy and Home Affairs Gentiloni and Breton last Monday. Yesterday it was the turn of Von der Leyen, who called for the EU to seek other sources of funding to accelerate…
U.S. chip giant Intel has announced an initial investment of more than 33 billion euros, rising to 80 billion over the decade, to boost microprocessor production in the European Union, including setting up a mega-factory in Germany, as well as doubling the capacity of its facilities in Ireland, along with other projects in Italy, France, Poland and Spain. This first phase includes the construction of two semiconductor factories in the…
It’s usually China, Japan and the US that come to mind first when the issue of overfishing is brought up, but what’s often overlooked is the fact that the EU has to take a big part of the blame as well. Brussels may not be sending fishing fleets across the oceans, but many of the bloc’s environmental policies have serious unintended effects in the world’s far-flung regions.
European Views | A foreign policy instrument explicitly designed to counter the BRI, the GG diametrically opposed to China’s investment approach by seeking to “create links and not dependencies”, in the words of European Commission president Ursula von der Leyen. The GG’s launch comes at a time when the EU is feeling the adverse effects of BRI-induced encroachment within its own borders and wider neighbourhood. Several EU countries, such as Italy, Greece and Bulgaria, have controversially signed up to the project.
European Views | The way the EU appears on the world stage, where it all too often seems weak, uncoordinated and overly moralising in its approach to world affairs. Germany’s long-time chancellor Merkel has played a key role in this. Throughout 16 years, Berlin has helped transform the EU into an ineffective paper tiger that styles itself as a superpower, yet that is frequently proving unable to deal effectively with hard geopolitical questions – from securing its borders to dealing with China. What is really needed is a new approach to EU foreign policy, especially at a time when German voters’ interest in foreign policy and EU affairs is at its lowest in years.
Almost at the same time as the Catalan separatists tried to get the European Union on the side of its cause, the European authorities have had to deal with insurgency in Poland. The latter’s judicial reform put at the risk the division of powers and the judicial independence of a country in the region. While Spain had to implement article 155 of its Constitution in order to contain the crisis of authority which the secessionist attempt implied, the EU has had to press its own “nuclear button”, article 7 of the Treaty, to restrain Polish government.
What’s happening in Catalonia? The narrative put together by those in favour of independence is quite incredible: how is that so many Catalans feel so badly treated in a democracy like Spain’s? The crisis in Catalonia threatens the stability of Spain and even the European project.
Nick Ottens via Atlantic Sentinel |A transition deal might be good for Britain, but there are many reasons to doubt the EU would agree to it.
Nick Ottens via Atlantic Sentinel | Spain could use Britain’s exit from the EU to bargain for a new settlement for Gibraltar but vows not to.
There were two problems in Italy’s banking system which needed to be addressed, that of Banca Popolare di Vicenza and Veneto Banca. Finally, the situation has been resolved with the start of their liquidation process and the acquisition of “healthy” assets by Intesa San Paolo.