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LIVE: Towards a new bailout deal for Greece; German MPs back Greece bailout; EU releases funds for Greece; MEPs denounce EU...

LIVE: Towards a new bailout deal for Greece; German MPs back Greece bailout; EU releases funds for Greece; MEPs denounce EU...
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17-Jul-2015
 

Weekly Update

 

Recent News

LIVE: Towards a new bailout deal for Greece

Eurozone leaders reached an agreement on a third bailout to save Greece from bankruptcy on Monday (13 July). But a final deal is “still weeks ahead”. EurActiv reports, in real time.

German MPs back Greece bailout

German lawmakers gave Chancellor Angela Merkel the green light Friday (17 July) to resume talks on a new EU-IMF bailout deal for Greece, after she passionately argued it was the last chance to prevent "chaos" in the crisis-hit country.

EU releases funds for Greece

Europe moved to reinstate funding for Greece's stricken economy yesterday (16 July) after the parliament in Athens approved a new bailout programme in a fractious vote that left the government without a majority.

MEPs denounce EU funding of Israeli defence firms

MEPs have called for tighter controls on European financing of Israeli companies. Lax regulation currently allows weapons manufacturers access to EU funding. EurActiv France reports .

Europe's first civil drone law gets a boost in Parliament

The EU came closer to getting its own laws on civil drone use this week, after a report outlining legislation plans was introduced in Parliament's Transport and Tourism Committee.

France accepts Greek deal, calls for eurozone government

The French National Assembly was the first national parliament to vote on the Greek debt deal on Wednesday 15 June. MPs accepted the agreement by 412 votes to 69. EurActiv France reports .

Greek parliament approves bailout

Greece's parliament passed sweeping austerity measures demanded by lenders to open talks on a new bailout package early Thursday (16 July), but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras.

Romanian tax case threatens Lukoil shutdown in EU

Russia’s biggest private oil producer, Lukoil, has turned to Commission Vice-President Maroš Šefčovič, to help solve a court case that threatens its operations in Europe, officials from the company told a small group of Brussels journalists on Wednesday (15 July).

Spectre of better regulation haunts air pollution bill

A British Conservative member of European Parliament yesterday (15 July) took the unusual step of voting against her own report, after MEPs in the Environment Committee backed stronger air pollution limits.

Poorer EU nations get carbon money for backing 40% emissions cut

Poorer EU countries will be given profits from the sale of carbon emissions allowances to modernise their energy infrastructure, in return for backing a binding 40% greenhouse gas reduction target last October.

ETS reform: EU tightens screw on 'carbon leakage' handouts for polluting industries

Energy intensive industries will continue to receive free carbon emissions allowances, as compensation for the EU’s stricter climate rules, under planned reforms to the EU’s Emissions Trading System (ETS), but fewer will be granted.

Tsipras clashes with Syriza's drachma supporters

Prime Minister Alexis Tsipras attacked radical members of his own party who oppose the deal for a third bailout, making it clear that a return to the drachma is not in the cards. EurActiv Greece reports.

Financiers attack EU rules against food speculation

The EU’s Markets in Financial Instruments Directive (MiFID) II is supposed to prevent excessive food speculation. But Oxfam says the financial sector is fighting stricter rules, with grave repercussions. EurActiv Germany reports .

Commission mulls relaxing VAT rules for energy efficiency in buildings

EXCLUSIVE / The European Commission is considering whether to relax VAT rules for energy efficiency in buildings, after EU judges ruled a British lower rate for materials such as insulation and solar panels illegal.

Leaked IMF report says Greece needs much more help

Greece will need far bigger debt relief than eurozone partners have been prepared to envisage so far due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen by Reuters shows.

Spain fears loss of influence in EU

After Jeroen Dijsselbloem defeated Luis de Guindos to lead the Eurogroup on Monday (12 July), Spain is confronted by its lowest level of representation in the institutions since it first joined the European Union in 1986. EurActiv Spain reports.

Tsipras faces Syriza revolt

Greece's leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday (14 July), furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a eurozone government.

Merkel faces treacherous Greece vote in Bundestag

Following the decision in Brussels on Monday (13 July) to negotiate a third Greek bailout, the Bundestag will vote on Friday (17 July) on a mandate for the German government. Approval is not assured. EurActiv Germany reports .

Ponta charged in corruption probe

Romanian prosecutors on Monday (13 July) charged Prime Minister Victor Ponta as part of a corruption probe, piling more pressure on the embattled politician to resign.

Commission laments EU development aid cuts

All eyes are on the International Conference on Financing for Development in Addis Ababa this week, but the EU is still failing to meet its development targets. EurActiv France reports .

Eurozone reaches ‘laborious’ tentative deal on Greece

Eurozone leaders reached an agreement on a third bailout programme to save Greece from bankruptcy. But a final deal is “still weeks ahead” and will require ratification in several national parliaments, EU officials warned after all-night talks came to a close Monday morning (13 July).

Greece bailout talks drag on through the night

The leaders of Greece, Germany, France and the EU have tabled a "compromise" on a bailout deal for Athens at talks through the night, which is now being put to the rest of the eurozone, a European source said early this morning (13 July).

Greece's third bailout request suffers blow at Eurogroup meeting

Greece's efforts to restart negotiations with its creditors for a third bailout programme suffered a blow at a Eurogroup meeting on Saturday (11 July), as it became clear that Germany and Finland, among others, were opposing the idea.

Progress on Greek deal seen as triumph for France

As Greece inches closer to a bailout deal that will keep it in the eurozone, experts have hailed France for playing the role of pacifier in fractious debt talks and putting the brakes on a dreaded "Grexit".


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