Standard & Poor's has changed the outlook for the European Union from stable to negative after the bloc's support for Greece and following Britain's decision to vote on leaving the EU, S&P reported Monday (3 August).
Greece's stock market suffered heavy losses on Monday (3 August), plunging nearly 23% at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. One fund manager described it as "herd behaviour" and said few people were buying.
In the past few years the Polish city of Rybnik has acquired a new shopping mall and its tenement blocks have been spruced up with European money, yet residents are no longer prepared to give their government credit for the changes.
It is the duty of parliamentarians to contribute to re-opening the dialogue between the EU and Russia, argues Knut Fleckenstein, saying it was “a serious mistake” to block the Russian State Duma speaker from entering Finland.
Many of the most radical Catalan separatists believe the autonomous elections on 27 September 27 this year will open the door to the question of secession from Spain. Researcher Ignacio Molina believes this is a dangerous idea.
German Finance Minister Wolfgang Schäuble’s latest plans for a euro tax have solidified the prospect of a transfer union, says Eurosceptic Bernd Lucke in an interview with EurActiv Germany . The founder of the Eurosceptic Alternative for Germany (AfD) party, argues that all the “talk about a Grexit” is just a bluff.
In June 2013, politicians approved the first major reform of the Common Agricultural Policy (CAP) in a decade, following months of haggling over quotas, subsidies and measures to improve environmental accountability.
As the Commission makes a bid for greater democratic legitimacy, it must take care not to allow its technocratic tendencies to sideline the EU’s elected institutions, argue Charles de Marcilly and Matthias Touillon.
How to reconcile Greek and German public opinions, or reform the Eurozone, without building bridges between national media? David Mekkaoui and Christophe Leclercq explain why they think this is necessary and possible.
Former Greek Finance Minister Yanis Varoufakis denounced the July bailout agreed between prime minister Alexis Tsipras and the eurozone leaders as a “new Versailles Treaty”. Quincy Cloet asks if this is a fair comparison.
Over the last 50 years, Africa is estimated to have lost in excess of $1 trillion in illicit financial flows (IFFs). This sum is roughly equivalent to all of the official development assistance (ODA) received by Africa during the same timeframe. Currently, Africa is estimated to be losing more than $50 billion annually in IFFs.
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.
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