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December European Council

On December 16th and 17th EU leaders will meet for their summit (the European Council), which euinside expects to be extremely tense and controversial. Unfortunately this time we were unable to send a team in Brussels but we will keep you informed about everything that is happening at the Council, thanks to the latest live webcast technologies. In this topic you will find everything related to what's happening on Thursday and Friday.

2 March 2011 06:22 EEAG: Greece should leave the euro area and devalue the drachma

Germany would support a possible extension of the Greek bailout programme from the EU and the IMF, Chancellor Angela Merkel suggested after a meeting with Greek Prime Minister Georgios Papandreou in Berlin. The argument she pointed out was that the Irish rescue loan had the term of seven years, ...

16 February 2011 09:48 The permanent euro area rescue fund will be twice as large as the current

The European Stability Mechanism (ESM) will be able to lend its full capacity of 500 billion euro to troubled euro area member states. This became clear after the extended meeting of the Eurogroup with the finance ministers of non-euro area countries on February 14th. "The loan capacity of the E ...

21 January 2011 15:20 A stress test year for the euro area

The first meeting of EU finance ministers - for this year and the first under the Hungarian presidency - ended with no fundamental news, but rather with some indicative guidelines for future intentions. Two main issues were discussed during the meeting - conducting a new set of bank stress tests ...

3 January 2011 09:08 Less EU and more euro area after a German model with British ornament and a French facon

I am not convinced that we actually take stock of what is going on in the European Union, especially in the euro area. In fact, ever since the EU started to enlarge, no one actually realised what was going on in it, no matter the fact that it started to institutionalise more closely, to integrat ...

18 December 2010 13:16 EU: we rescue only as a last resort!

The permanent bailout mechanism for the euro area countries will be activated only when necessary. This becomes clear from the final text, which EU leaders agreed to be added to Article 136 of the Treaty on the functioning of the EU (TFEU) to set up a European Stability Mechanism: "The Member St ...

16 February 2011 14:10 Bruegel: Greece is insolvent, urgent debt reduction is needed

At their March Summit, the leaders of the euro area countries are expected to come forward with concrete proposals for tackling the debt crisis - on the changes in the euro area rescue fund (EFSF), on the nature and functions of the permanent fund - the European Stability Mechanism, on the Pact ...

26 January 2011 14:40 Impressive market debut of the euro area rescue fund

The euro area rescue fund (the European Financial Stability Facility, EFSF) debuted strongly on the financial markets. Its first ever bond issue reaped stormy investors' interest, as the data published by the Financial Times show. Against the background of the planned issue worth 5 billion euro, ...

18 January 2011 09:10 Brussels wants a bigger and more flexible rescue fund for the euro area

The European Commission wants the effective financial capacity of the European Financial Stability Facility (the rescue fund for the euro area) to be reinforced and the scope of its activities to be widened. This is clear from the Annual Growth Survey, presented in Brussels on January 12. Accord ...

20 December 2010 11:16 If the EU wrote letters to Santa

The moods at the EU leaders meetings are becoming more and more tense, thus increasing the possibility some of them to lose it. This is happening against the backdrop of the receding light in the tunnel for the eurozone countries put under the pressure of financial markets. In such an environmen ...

16 December 2010 18:57 The EU leaders agree on the European Stability Mechanism

The EU leaders have agreed on a limited amendment of the Treaty on the Functioning of the EU (TFEU) in order to create a permanent stabilisation mechanism for the euro area - European Stability Mechanism (ESM). This is written in the draft conclusions of the European Council, circulated by media ...

 
free talk corner
Adelina Marini
The European Commission is about to announce its decision whether to recommend stripping #Poland of its voting rights in the Council because of the systemic undermining of the rule of law. Stay tuned for live updates
20 December 2017 12:23
Adelina Marini #ruleoflaw Timmermans: We cannot take into account how some people will react if there is a clear legal need to act
20 December 2017 13:30
Adelina Marini
#EUCO This afternoon, in Brussels, will begin the last EU summit this year. It will be the first that will work on Donald Tusk's Leaders' Agenda (details in the link below). In his agenda two topics are planned for the December European Council - migration and the future of the EMU. Both have already created strong tensions between Tusk and the Commission after the European Council president came up with documents of his own, which are much more reduced than those of the Commission, and reactions in the building across the street were furious. The leaders will mark the launch by 25 member states of PESCO at a special ceremony today. Leaders will be joined by NATO secretary general to discuss EU-NATO cooperation. Leaders are also expected to extend sanctions against Russia after hearing a report by Angela Merkel and Emmanuel Macron on the implementation of the Minsk agreements. Progress on the Brexit negotiations will be discussed on Friday. This is one of the toxic issues on the agenda. On Friday will take place also the expanded euro area summit, which is open for non-euro countries as well. Stay tuned for details and live updates throughout the day and tomorrow! euinsi.de/0Dcy
14 December 2017 10:17
Adelina Marini #EUCO Juncker: I'm sure Avramopoulos's words are a misunderstanding and we should not pay so much attention
15 December 2017 14:49
Adelina Marini
During a hearing at the economic committee of EP #Eurogroup chairman Jeroen Dijsselbloem paid tribute to #Greece for the impressive implementation of the 3rd bailout programme
7 December 2017 09:19
Adelina Marini #Eurogroup Dijsselbloem: I remember when #Germany as the sick man of Europe but they did significant reforms. I'd tell the Germans that this impact won't last forever
7 December 2017 11:02
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