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March European Council 2011

Another European Council will begin in the afternoon of March 24th and, again, you can be sure what will be the main topic - the Pact for the Euro and the economic governance of the EU. And in order to fit entirely in the tradition of the last six months, the tension went higher because of the bad political news from Portugal.

26 May 2011 17:50 Conditioned transparency for the nuclear stress tests

The most important element of the nuclear stress tests, which will start in all the 143 nuclear power stations in the European Union on June 1st, namely transparency, is put under certain conditionality. As is written in the criteria for the inspections, agreed on Tuesday, "the reports should be ...

6 April 2011 10:08 "The Grand Bargaining" is over, it is time for action

The International Monetary Fund has changed the course and is now pressing Greece to restructure its debt because the Fund is doubting that the current austerity measures are sufficient, German magazine Der Spiegel reported citing its own sources. The Greek debt amounts to about 150% of GDP and ...

1 April 2011 21:45 How much actually costs Bulgaria's pariticipation in the European Stability Mechanism

Bulgaria's participation in the European Stability Mechanism (ESM) and the Pact for the Euro+ cause lively debates in the Bulgarian public domain. We in euinside consider these discussions being quite late, given the intensive debates on these issues at European level going on for months and whi ...

30 March 2011 13:16 Lost in the euro jargon

Sega daily: "The poorest country in the EU, Bulgaria, will become a guarantor of 6.09 billion euro in the new European Stability Mechanism (ESM) ... Its financial obligations will result from the new Euro Plus Pact, which Prime Minister Boyko Borissov said the country would join." Ms Menda Stoy ...

28 March 2011 11:52 A new two-legged eurozone

"The Economic and Monetary Union will finally walk on its two legs, instead of limping along", with these words European Commission President Jose Manuel Barroso explained the breakthrough, in his words, achieved late on March 24th at the European Council in Brussels on the reform of the eurozon ...

7 April 2011 17:49 Between wish and can

Several problems emerged during the debate in the European Parliament on April 6 on the future nuclear stress tests and the standards for nuclear safety. What to do with those nuclear power plants that fail the tests, the future of nuclear energy in the EU in general, development of alternative ...

5 April 2011 12:08 The full-aged Bulgaria

I remember my surprise at the October European Council in Brussels when Prime Minister David Cameron succeeded in making the issue about the budget of the Community for 2011 point number one in the agenda, although number one point before that was the much more popular issue of euro area's econo ...

1 April 2011 21:02 Nuclear stress tests for all

Ensuring the safety of nuclear power plants cannot stop at European Union's borders, which is why the Union would ask nuclear stress tests to be held in neighbouring countries and in the world at large, as well. This is stipulated in the conclusions (p. 10, art. III), adopted on March 25 by the ...

30 March 2011 07:15 The EU is ready with the framework of post crisis economic governance

At the spring European Council on 24 and 25 March, the EU leaders have finalised the framework of the comprehensive response to the debt crisis in the euro area (according to one of the favourite Brussels cliches) by endorsing its basic elements. Now the biggest challenge is this complex structu ...

24 March 2011 18:17 A Pact so difficult to describe

Another summit of European Union leaders is starting this afternoon in Brussels. If one is not attentive with the numbers might be left with the impression that the member states leaders since October go from Council to Council, trying to solve a complex task, the parameters of which are as the ...

 
free talk corner
Adelina Marini
#Croatian daily Vecernji list reports that a solution has been found to the problem with the opening of chapter 23 in the negotiations with #Serbia. That there is a political agreement yesterday reported EU commissioner Johannes Hahn (Austria, EPP). With the solution all Croatian demands have been met - not to apply the law on universal jurisdiction in the processing of war crimes, full cooperation with the Hague tribunal and respect for national minorities following the international standards. This is still to be confirmed officially by all sides euinsi.de/N2Cl
27 May 2016 13:21
Adelina Marini
On the occasion of his visit today in #Greece #Russia President Vladimir #Putin has published in the English-language Kathimerini daily a detailed op-ed where he makes, as it seems, an 'indecent proposal' to the EU: "I am convinced we should draw appropriate conclusions from the events in Ukraine and proceed to establishing, in the vast space stretching between the Atlantic and Pacific oceans, a zone of economic and humanitarian cooperation based on the architecture of equal and indivisible security". The text does not make it clear whether Mr Putin is proposing the EU and Russia to distribute in a Crimean way the territories in this "vast space" or he means everyone to forget the Ukrainian developments for the sake of mutually beneficial economic cooperation. Further on in the op-ed the Russian president reminds Europe that it is facing a growing competition from "other power centres in the contemporary world" pointing to the Pacific region where the US has strong interests. You can read the entire article here euinsi.de/XIBw
27 May 2016 10:17
Adelina Marini
The #IMF has published its debt sustainability report on #Greece with new projections and proposals ahead of the key #Eurogroup meeting today which is expected to bridge the differences with the euro area on the restructuring of the Greek debt. According to the IMF, the proposed by the Eurogroup measures, like extension of maturities and payment deferrals would not be sufficient, therefore it is proposing also fixing interest rates. These three measures combined would reduce the Greek debt by 53% of GDP by 2040, the Fund believes. You can read the entire report here euinsi.de/Pwwo
24 May 2016 08:38
Adelina Marini #Greece The fact that the #Eurogroup ended early this morning is suggesting there is an agreement. And there is - both on the next tranche and the debt reduction which ensures IMF will be on board with the funding. Details on the agreement can be read here in the statement after the meeting euinsi.de/ZR0U
25 May 2016 07:53
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