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Europe ready for 'worst case scenario' on Greece; Washington calls for flexibility on Greece; Leading economists urge Merkel to...

Europe ready for ‘worst case scenario’ on Greece; Washington calls for flexibility on Greece; Leading economists urge Merkel to...
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08-Jul-2015
 

Daily Update

 

Highlights

Europe ready for ‘worst case scenario’ on Greece

Eurozone leaders issue an ultimatum to Greece at a summit in Brussels yesterday (7 July), giving Athens until Thursday to present new cash-for-reform proposals.

Washington calls for flexibility on Greece

EU leaders should abandon dogma and act as statesmen, because much would be lost for the Greek people, the EU, and the United States if Greece becomes a failed state, writes Sir Michael Leigh.

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Recent News

Leading economists urge Merkel to cut Greek debt

Renowned economists Thomas Piketty, Jeffrey Sachs and three others urged German Chancellor Angela Merkel yesterday (7 July) to agree to cut Greece's debt to "avoid further disaster".

German government denies it has a racism problem

The German government sees no reason to take seriously allegations of institutional racism in public agencies and the police force. Civil rights advocates are growing increasingly alarmed. Tagesspiegel reports .

LIVE: The aftermath of Greece's 'No' vote

Should they stay or should they go? On Sunday (5 July), Greece held a referendum on the terms of a bailout package put forward by the European Commission, the European Central Bank and the Internatonal Monetary Fund (IMF). EurActiv reports, in real time.

EU-wide energy governance plans 'lack teeth'

EXCLUSIVE/ European Commission plans for an EU-wide energy governance system make no mention of punishment for any member state not reaching their 2030 climate and energy targets for 2030.

EU tax havens obstacle to ending poverty, charity says

Two European tax havens receive more than a quarter of all global foreign direct investment, ActionAid said on Tuesday (7 July), calling for an international deal to tackle tax avoidance and reduce poverty.

AfD co-founder pondering new Eurosceptic party

Bernd Lucke, a founder of Alternative for Germany (AfD) is considering creating a new party with his association Weckruf 2015, after a dramatic shift right in the party. EurActiv Germany reports .

Parliament votes on surveillance tech exports after fresh Hacking Team leaks

Leaked documents posted to Italian cybersecurity company Hacking Team's Twitter account on Sunday (5 July) revealed what appear to be the firms' government clients.

Environment is main challenge for Luxembourgish Presidency

Air quality, energy policy, the Circular Economy and the new Common Fisheries Policy are among the main challenges facing Luxembourg , which assumed the rotating presidency of the Council of the EU on 1 July. Journal de l'environnement reports .

MEPs set to back carbon market 2019 reform start

The European Parliament on Wednesday (8 July) is expected to back a 2019 start to reform of the world's largest emissions market in a step towards deeper change and higher carbon prices.

Greece will request new financial programme

Greece did not submit any new reform proposals at Tuesday's (7 July) meeting of eurozone finance ministers in Brussels, but will request a new financial programme tomorrow, according to Eurogroup President Jeroen Dijsselbloem.

Grexit? The endgame

Should they stay or should they go? On Sunday (5 July), Greece held a referendum on the terms of a bailout package put forward by the European Commission, the European Central Bank and the Internatonal Monetary Fund (IMF). EurActiv reports, in real time.

Interviews

Frédéric Vallier: ‘Countries will fail to meet climate targets without regional efforts’

Frédéric Vallier spoke to EurActiv France at the World Summit Climate & Territories in Lyon. He believes communities and regions hold the key to successful climate action.

Pittella: ISDS is dead, EU-Canada trade deal must be reopened

The investor-state dispute settlement mechanism (ISDS) as we know it is dead and must be replaced by a new public system, said Gianni Pittella, in an interview with EurActiv.

Daul: 'Orbán is the 'enfant terrible' of the EPP family, but I like him'

Joseph Daul, the president of the European People's Party (EPP), spoke to EurActiv France about Grexit, Brexit and the “enfant terrible” of the EPP, Viktor Orbán.

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

MEPs' vote could expose multinationals' tax dodging

A vote in the European Parliament tomorrow could led to European multinational corporations reporting their taxes paid, and profits made, on a country by country basis. Without such a rule, multinationals can shift their profits from country to country with the sole intention of paying less tax, a practice exposed by the LuxLeaks investigation, write Alvin Mosioma and Markus Meinzer.

Voters in eurozone countries remain open to a compromise with Greece

Greece's creditors claim that they are acting on a mandate from the EU's citizens by refusing to be flexible. But public opinion in the union is not so hostile argue Michael Bechtel, Kirk Bansak, Jens Hainmueller and Yotam Margalit.

In search of a vision for Europe

No matter what happens today, Europe's leaders will be judged by history, not on how much they spent or saved, but for their vision, writes Petros Fassoulas.

Let’s tackle air pollution at all levels, starting now with the NEC Directive

The European Parliament’s environment committee should be ambitious when it votes on the National Emissions Ceilings (NEC) Directive next week, write Lot van Hooijdonk and Karen Vancluysen.

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