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Eurozone ministers to decide on third Greek bailout deal; UK Labour party to gamble on socialism in leadership contest; Germany...

Eurozone ministers to decide on third Greek bailout deal; UK Labour party to gamble on socialism in leadership contest; Germany...
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14-Aug-2015
 

Weekly Update

 

Recent News

Eurozone ministers to decide on third Greek bailout deal

Eurozone finance ministers are set to meet this afternoon (14 August) to decide on a new bailout for Greece, after Greek lawmakers approved the third package since 2010 this morning following an all-night debate.

UK Labour party to gamble on socialism in leadership contest

Britain's opposition Labour Party begins voting today for a new leader in a contest that polls indicate will be won by Jeremy Corbyn, a veteran fan of Karl Marx who has upstaged rivals by promising a radical shift back to the party's socialist roots.

Germany sceptical over Greek bailout deal, Varoufakis too

Greek lawmakers will hold an emergency parliament session today for a crucial vote on ratifying a hurriedly-concluded bailout deal, but Germany has cast doubt on the agreement.

EU, allies alarmed by recent escalation in Eastern Ukraine

The EU is concerned about the recent escalation in Eastern Ukraine as authorities and pro-Russian separatists accused each other on Wednesday (12 August) of attempting to break a six-month-old peace agreement, with a rebel official warning of the threat of "a big war" if the ceasefire crumbles.

UK lobbying for even weaker EU air pollution laws, leaked papers show

Leaked documents show the UK is pushing for watered-down EU air pollution laws to be weakened further, arguing they would cause pit closures leading to substantial job losses and the need to import coal.

WikiLeaks raising reward funds for insiders' tips on TTIP

WikiLeaks on Tuesday (11 August) launched a crowdfunding campaign to raise a €100,000 reward for anyone leaking insider information on a proposed free-trade deal between the United States and European Union.

After Western food, now Putin burns Dutch flowers

A week after dumping illegally imported Western food, Russian authorities have started feeding Dutch flowers to the flames, saying they pose a safety risk.

Greek parliament tables vote on bailout deal

Greece's parliament tabled a crucial vote on ratifying the text of a third international bailout agreement between Athens and its creditors late Tuesday (11 August).

Greece agrees bailout deal, averts default

Greece and its creditors reached an agreement on the substance for a multi-billion bailout deal to avert an August 20 default.

Divided Germany seeks response to growing migration from the Balkans

German lawmakers spent last weekend squabbling over limiting the influx of migrants from the Balkans, calling for stricter rules on return policy and visas.

Italy to receive most EU funding for migrant crisis

The European Commission today approved €2.4 of aid over six years for countries including Greece and Italy that have struggled to cope with a surge in numbers of immigrants.

Scotland to issue formal ban on genetically modified crops

Scottish ministers are planning to formally ban genetically modified crops from being grown in Scotland, widening a policy divide with the Conservative government in London.

African migrants threaten EU social infrastructure, says UK's Hammond

A surge in migrants from Africa threatens the European Union's living standards and social infrastructure, British Foreign Secretary Philip Hammond said on Sunday (9 August), adding that the bloc was unable to take in millions of people seeking a new life.

UK accuses Spain of violating its sovereignty over Gibraltar

The British government on Sunday (10 August) accused Spain of violating its sovereignty over Gibraltar, saying Spanish state vessels had repeatedly and unlawfully entered its territorial waters without notifying it.

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Interviews

Fleckenstein MEP: ‘Parliamentarians should be removed from EU-Russia sanctions lists’

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.

Ignacio Molina: Catalan separatists will never gain EU support

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.

AFD founder: 'Schäuble’s Greece policy is pure marketing'

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.

LinksDossiers

CAP: Still a work in progress

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.

Opinion / Analysis

The Energy Union needs clear rules and ‘a change in the chip'

The EU needs to make sure its energy union doesn't exist just on paper. For new EU member states, this means giving support to bring them up to speed, writes Kalina Trifonova.

Europe’s thorny Energy Diplomacy

It is neither acceptable nor possible for European countries to achieve energy security on the back of a fossil fuel strategy that will undermine democracy, human rights, and climate security, writes Luca Bergamaschi.

Europe deserves a culture of inclusive tolerance

Anti-Semitism is on the rise in Europe, and it is up to community, religious and political leaders to counter racist and hateful discourse and lead by example, write Frans Timmermans and Věra Jourová.

Infographics

INFOGRAPHIC: Curbing illicit financial flows is a resource for Africa

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.

Ten tips for a successful Capital Markets Union

The European Union plan for a Capital Markets Union can help unlock the latent potential in financial markets. The banking industry is ready to support this proposal.


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