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Greece defaults on IMF loan, referendum hangs in doubt; The EU and Greece: Exiting the IMF era, not the euro; Le Pen and...

Greece defaults on IMF loan, referendum hangs in doubt; The EU and Greece: Exiting the IMF era, not the euro; Le Pen and...
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01-Jul-2015
 

Daily Update

 

Highlights

Greece defaults on IMF loan, referendum hangs in doubt

Greece's last-minute overtures to international creditors for financial aid yesterday (30 June) were not enough to save it from becoming the first developed economy to default on a loan with the International Monetary Fund. The situation remains so uncertain that even the Sunday referendum, on whether to accept the aid, hangs in doubt.

The EU and Greece: Exiting the IMF era, not the euro

The end of the EU aid programme to Greece on 30 June, and the organisation of a Greek referendum on 5 July, raise the prospect of ending the “IMF - Europe” era, opened under the pressure of the crisis, writes Yves Bertoncini

Le Pen and Juncker clash at Parliament leaders' meeting

The leader of the National Front participated in her first Conference of the Presidents of the European Parliament this Monday (29 June). The meeting was marked by a heated exchange between Marine Le Pen and Juncker. EurActiv France reports .

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Recent News

Trilateral talks on Ukraine’s gas supplies fall apart

Ukraine announced yesterday (30 June) the immediate suspension of all Russian gas purchases after EU-mediated negotiations broke down.

Live: Grexit? The endgame

Should they stay or should they go? Athens and the Troika try to come to a final agreement that would allow Greece to stay in the EU, and retain what's left of its welfare state. EurActiv reports, in real time.

'Euphoria' among jihadists in Europe, says German security agency

The establishment of the caliphate by “Islamic State” (IS) and its military successes have created a “spirit of euphoria” among jihadists in Europe, says the Annual Report on the Protection of the Constitution in Germany, which was presented on Tuesday (30 June). EurActiv.de reports .

Greece to lose €16.3 billion at midnight

Assuming that there is no last-minute deal between Athens and its creditors, Greece will lose €16.3 billion of financing at midnight Washington time today (30 June), EU officials told the press in Brussels.

Getting a telecoms deal: Harder than agreeing on Greece?

After almost 13 hours cooped up in talks, negotiators tasked with clinching some kind of a deal on the telecoms single market came to a breakthrough early this morning (30 June). At around two o'clock, frazzled MEPs tweeted that the marathon meeting had broken up with an agreement in hand.

Lifeline for German coal to be costly

German utilities hope the government will drop a plan to slap carbon levies on coal-fired power plants on Wednesday (1 July), but compensating the companies to move aging capacity to a reserve scheme instead would create new problems.

Pro-Syriza Socialists criticise French government’s cautious stance

France's Socialists want to keep Greece in the fold, but the party’s left wing believes the government is not doing enough to avoid Grexit. EurActiv France reports .

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Interviews

Beyrer: No market access, no deal with China

On the eve of the EU-China summit, the director-general of BusinessEurope, Markus J. Beyrer, tells EurActiv that Beijing needs to move on market access "because European companies are less willing to invest if you don't tick that box".

Stathakis: 'We have made more reforms in five months than previous governments did in five years'

Giorgos Stathakis, Greece's Minister of Economy, Infrastructure, Shipping and Tourism, spoke to La Tribune about his country's negotiations with its creditors.

Chinese envoy: A bilateral investment deal with the EU is in sight

In an exclusive interview with EurActiv, the Chinese Ambassador to the EU says next week's EU-China summit will accelerate work to achieve progress.

LinksDossiers

TTIP’s regulatory maze

The Transatlantic Trade and Investment Partnership (TTIP), dubbed a second-generation trade deal in the wake of the moribund WTO Doha negotiations, seeks to go beyond conventional tariffs and quotas, by strengthening the international order through greater regulatory cooperation.

Opinion / Analysis

Cameron should not ignore EU Capital Markets Union reforms

Many small business in Europe struggle to get the financing they need. Here’s how to fix it, write Thomas Aubrey, Renaud Thillaye and Alastair Reed.

A desperate Greek referendum, with dire consequences

As Greeks are queuing up at banks, the spirit of national division is rising and the Greek drama has reached its final and most painful stage, argues Pavlos Vasilopoulos. The few days that remain will shape the Greek and European future in an extremely poisonous environment.

Taking on bullies in the workplace

The EU must take more concrete measures in the fight against bullying in the workplace, argues Elissavet Vozemberg.

Infographics

INFOGRAPHIC: Musical Chairs at the Commission

All of the changes in the European Commission reshuffle. Jonathan Faull, the European Union’s top civil servant for financial services regulation, will head up an EU executive “Brexit” taskforce dedicated to the United Kingdom’s referendum on its membership in the bloc.

INFOGRAPHIC: What are the SDGs about?

The Sustainable Development Goals (SDGs) are a universal set of goals, targets and indicators that UN members will use to frame their policies over the next 15 years. If approved at the UN summit in September, they will become globally applicable beginning in January 2016.

Current Market Outlook: The European aviation market is expected to grow

Boeing projects a demand for 38,050 new airplanes over the next 20 years, an increase of 3.5 percent from last year's forecast. Boeing released its annual Current Market Outlook (CMO) on June 11th, estimating the total value of those new airplanes at $5.6 trillion.

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