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October European Council

As euinside has already turned it into tradition, we will again be in Brussels for the European Council on October 28/29. This time, however, our expectations are the Council to be much more interesting than we have forecast so far. The reason is that, while focusing on the reform of EU's economic governance, the Council will open a wound that is still unhealed - it will be discussing whether amendments to the Lisbon Treaty should be made, the writing, adopting and ratification of which took almost 10 years. Initially the Council, which is usually being held in December, was withdrawn in October so that there would be enough time the adopted economic governance to be enforced as of January 1st, 2011. Now, with calls growing stronger for amendments to the Treaties, it will be hard for us to forecast what will be the outcome of the two-day summit, which, in fact, makes the event even more interesting.

10 December 2010 19:08 Those who make pension reforms - a step forward!

We are close to a compromise - with these words Olli Rehn, European Commissioner for Economic and Monetary Affairs, summarised the discussions in the Council of EU finance ministers (ECOFIN) concerning the request of 9 member states (including Bulgaria) the costs of pension reforms to be removed ...

8 November 2010 11:11 Not whether, but how - that is the question

Following the latest European Council (28-29 October), the question is not whether there will be changes in EU Treaties, but how they will be made. If until recently the idea of changes (after the painful adoption of the Lisbon Treaty) seemed unthinkable, the Franco-German declaration of Deauvil ...

4 November 2010 10:06 EU Treaty changes looked impossible, but became inevitable

The October European Council was as decisive, as it was next to the last. Because although EU leaders have opened the door to important decisions, they left them for the December Council. It could not be otherwise, given that just days before the summit the Franco-German proposal of Deauville co ...

3 November 2010 09:57 When the carrots are over, the stick helps

The leaders of the 27 EU countries supported the plans for the Union's economic governance, developed by the finance ministers in the Task Force, headed by the President of the European Council Herman Van Rompuy. Based on the Commission's proposals of 29 September, the reforms will be sent to th ...

29 October 2010 15:52 There will be "limited" changes in the Lisbon Treaty

There will be changes in the Lisbon Treaty, although they will be limited". This became clear at a surprising midnight briefing of the President of the European Council Herman Van Rompuy and European Commission President Jose Manuel Barroso. The reason for the amendments is the need a permanent ...

8 November 2010 12:08 Several facts and an agreement

"It is a fact that there is a problem in the pension systems of all countries. It is a fact that deficits are being concentrated there. It is a fact that we have to make changes. It is a fact that unless we make changes, the systems will collapse. Those are the conclusions. And now the experts h ...

8 November 2010 09:44 This inappropriate Bulgarian absence

German Chancellor Angela Merkel and French President Nicolas Sarkozy came to the European Council with their "Deauville deal" - the request for treaty changes in order to create a permanent crisis fund for the euro area and to impose political sanctions on euro-countries that violate fiscal disc ...

3 November 2010 13:48 What is rule of law and is it possible in Bulgaria?

Travelling throughout Europe by car no matter how tiresome and wasting time it might be, is an extremely teaching adventure. In spite that one cannot stop in towns, villages and cities, still quite a lot of things can be seen and felt. This is why I have many times preferred a car instead of a p ...

1 November 2010 16:45 G20: emerging markets vs. advanced countries

Several fronts are being opened on the eve of the summit of the twenty leading economies in the world (the G20) in Seoul. The first front divides the developed countries and the emerging markets. The main dispute among them is something which more and more economists call "currency wars" - the a ...

29 October 2010 11:43 Disputes over EU's budget in the beginning of the Council

The issue of EU's budget for next year had totally dominated the beginning of the European Council on Thursday, as it became clear during the press briefing of European Parliament's President Jerzy Buzek. As he threatened earlier, David Cameron raised the issue about the planned increase of 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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