Posts Tagged ‘ EU ’

Should we dump the euro?

May 26, 2015
posted by

Mises Canada
by Frank Hollenbeck  

"The Greek drama continues to unfold with the risk of a 'Grexit' becoming increasingly likely. Yet, a large majority of the Greek people want to keep the euro. This would force the Greek government to live within its means, which isn't a bad thing. With anti-austerity parties gaining strength continent wide, Greece may be the first, and not the last, to leave. Yet, the problem in Europe is not the euro, but excessive government regulations, spending, and taxation." (05/25/15)

https://mises.ca/posts/articles/should-we-dump-the-euro/  

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UK: Cameron sets immigration red line ahead of EU summit

May 21, 2015
posted by

Reuters Reuters    

"Prime Minister David Cameron said on Thursday restricting European Union migrant access to Britain's welfare system was a red line in his negotiations with the bloc, ahead of an EU summit he wants to use to launch informal talks on the issue. Cameron, re-elected on May 7, has pledged to reshape Britain's ties with the European Union before holding an in-out EU membership referendum by the end of 2017. ... Official data released hours before he spoke showed net annual migration hit a near record high of 318,000 in 2014, despite his pledges to cut it to less than 100,000, much of it from the EU and fueled by Britain's strong economy." (05/21/15)

http://tinyurl.com/l8338ap  

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British election strikes another blow against EU

May 17, 2015
posted by

Ryan McMaken Ludwig von Mises Institute
by Ryan McMaken  

"With the victory of the Conservatives in last week's British election, the future of both the European Union and the United Kingdom looks more doubtful. Newly re-elected Conservative Prime Minister David Cameron, in order to please anti-EU constituents who were essential to his re-election, promised a referendum on EU membership by 2017, although it could come sooner than that. At the same time, the promised referendum is again inflaming secessionist sentiment among Scottish nationalists and separatists who wish to remain a part of the EU." (05/16/15)

http://tinyurl.com/lm28u8j  

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Hungary: Orban wants to bring back pre-planned state killings, use immigrants as slave labor

April 29, 2015
posted by

The Guardian The Guardian [UK]    

"Hungary's nationalist rightwing leader, Viktor Orban, has threatened to reintroduce the death penalty, outlawed in the European Union. The prime minister also reinforced his reputation as the EU's main maverick with a powerful anti-immigration manifesto that equates migrants with terrorists, says immigrants are taking Hungarians' jobs, recommends internment camps for illegal immigrants and states they should be forced to work. ... Hungary abolished the death penalty -- after this was proscribed by the EU charter of fundamental rights -- following the collapse of communism in 1989. The EU executive in Brussels said on Wednesday that moves to reinstate the death penalty could incur curbs on Hungary's EU rights and entitlements." (04/29/15)

http://tinyurl.com/npb29w8  

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Competition, technocrat-style

April 29, 2015
posted by

Alberto Mingardi EconLog
by Alberto Mingardi  

"In an op-ed for the Financial Times, former EU Competition Commissioner Mario Monti took the opportunity of the antitrust probe into Google to characterize antitrust as 'a policy made in Brussels that works.' Putting aside any consideration of the Google case (see this excellent analysis by my colleague Massimiliano Trovato), the article is worth reading, because -- as always with Monti -- it epitomises the way in which the European elites think, starting with the astonishing statement that the European Commission is 'one of the world's most formidable defenders of free markets.'" (04/29/15)

http://econlog.econlib.org/archives/2015/04/competition_tec.html  

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EU referendum: The invisible revolution

April 27, 2015
posted by

Libertarian Alliance The Libertarian Alliance
by Richard North  

"The FUD continues unabated, as the Guardian reports that HSBC, Britain's biggest bank, has issued 'a stark warning about the economic risks of the UK pulling out of the European Union,' citing the economic uncertainty created by the risk of the UK going alone. This comes as the bank has revealed it was threatening to move its headquarters out of London to another country, a threat that has not impressed Mark Gilbert of Bloomberg. Writes Gilbert, there's a saying used to call the bluff of someone who threatens to flounce out of the room during an argument: 'Don't let the door hit your backside on the way out.' That sums up, he says, how the UK should react to the bank's threat to move its headquarters to a different country." (04/25/15)

http://tinyurl.com/q2a7jqk  

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Greece: Merkel, Tsipras agree to keep working debt deal

April 26, 2015
posted by

Reuters Reuters    

"Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said. ... Shut out of international markets and locked in talks with its European Union and International Monetary Fund creditors over its proposed reform-for-cash deal, Greece risks running out of cash within weeks." (04/25/15)

http://tinyurl.com/p5euemx  

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Google and the EU foreign policy

April 22, 2015
posted by

Alberto Mingardi EconLog
by Alberto Mingardi  

"There is much of politics in European competition policy. It is not by chance that some of its past major targets have been American corporations: GE, Microsoft, Intel, to whom we may now add Google. Somebody in Brussels may be convinced that competition policy is the only real foreign policy the EU really has. It is easy to compare the situation of Google today with that of Microsoft some ten years ago, when it got fined by then European Commissioner Mario Monti. (Crews has a nice point: it is nonsense to talk about a 'Competition Commissioner'). But Google's situation is much different than what used to be Microsoft's." (04/21/15)

http://econlog.econlib.org/archives/2015/04/google_and_the.html  

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It’s Google’s turn to be plundered

April 21, 2015
posted by

Bumper Hornberger Future of Freedom Foundation
by Jacob G Hornberger  

"A couple of days ago, the New York Times profiled Margrethe Verstager, a former 'minister of the economy' in Denmark who is now serving as the European Union's 'commissioner of competition.' In her current position, she is going after Google in the hopes of seizing a potential sum of $6 billion from the company. Verstager is going after Google for supposedly violating the EU's antitrust laws. She claims, according to the Times, that Google has been suppressing competition by 'systematically favoring its own comparison shopping service over those of its rivals.' Oh, wow! Just think: favoring your own product over the product of competitors! Oh, my gosh! What a heinous crime!" (04/20/15)

http://fff.org/2015/04/20/googles-turn-plundered/  

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Google Agonistes

April 16, 2015
posted by

Independent Institute Independent Institute
by William Shughart  

"News reports on Tax Day suggest that the European Commission wants to nail Google's scalp to the wall as punishment for alleged antitrust (competition) law violations. At issue is the way in which the company assigns priorities to the links consumers see when they 'google' generic search terms like 'booksellers,' 'cameras,' and 'watches.' The links that rank highest are to the sellers of goods and services who have paid Google for advertising space on its search engine. Unlike U.S. antitrust laws, which supposedly intend to attack 'monopolies' (sellers of products having, in consumers' eyes, no close substitutes) and other commercial enterprises enjoying and exercising so-called market power (defined as the ability to raise prices above competitive levels without losing so many sales that the higher price becomes unprofitable), European law is worried about more ambiguous 'market dominance.'" (04/15/15)

http://blog.independent.org/2015/04/15/google-agonistes/  

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EU extortionists to slug Google with antitrust charges and open Android probe

April 15, 2015
posted by

ZDNet ZDNet    

"The European Commission is today expected to formally charge Google with violating EU competition law by abusing its dominance in search to gain an edge over specialist rivals. The charges could force Google to change the way it does business and pay [bribes] of up to $6.4bn, or approximately 10 percent of its global revenues last year. On Tuesday the Financial Times reported on Wednesday the European Commission would serve Google with a formal charge sheet outlining its [extortion demands]." (04/15/15)

http://tinyurl.com/m6grfox  

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Russia: Tsipras begins Moscow talks with Putin

April 8, 2015
posted by

The Guardian The Guardian [UK]    

"The Greek prime minister, Alexis Tsipras, has begun talks with the Russian president, Vladimir Putin, in Moscow, as Athens insisted it would not seek financial aid from Russia. The meeting in the Kremlin comes a day before cash-strapped Greece is scheduled to make a €458m (£333m) payment to the International Monetary Fund. Tsipras arrived in Moscow on Tuesday. On Wednesday morning he laid flowers during a ceremony at a monument commemorating the second world war outside the Kremlin." (04/08/15)

http://tinyurl.com/ktksvom  

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Europe’s real time-bomb

March 26, 2015
posted by

Acton Institute Acton Institute for the Study of Religion and Liberty
by Samuel Gregg  

"While Europe's governments and financial markets have been fixated in recent months by the ongoing fiscal and political disaster otherwise known as Greece, the challenges facing one of the EU's smallest members are, frankly, quite minor compared to what may well be Europe's biggest looming internal problem. The name of that challenge? In a word: France." (03/25/15)

http://tinyurl.com/qxmuf4l  

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Greece: Tsipras seeks joint Merkel-Hollande talks amid bailout impasse

March 18, 2015
posted by

Greenfield Daily Reporter    

"Greece has called for joint talks with leaders of Germany, France and the European Union executive to try and resolve the crisis surrounding the country's bailout negotiations. Prime Minister Alexis Tsipras proposed meeting German Chancellor Angela Merkel, French President Francois Hollande, European Central Bank President Mario Draghi and EU Commission President Jean-Claude Juncker, a senior Greek government official told The Associated Press Tuesday." (03/17/15)

http://tinyurl.com/p68dplk  

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Juncker calls for EU army

March 9, 2015
posted by

The Guardian [UK]    

"The European Union needs its own army to help address the problem that it is not 'taken entirely seriously' as an international force, the president of the European commission has said. Jean-Claude Juncker said such a move would help the EU to persuade Russia that it was serious about defending its values in the face of the threat posed by Moscow. However, his proposal was immediately rejected by the British government, which said that there was 'no prospect' of the UK agreeing to the creation of an EU army." (03/08/15)

http://tinyurl.com/qbkevzu  

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Russia gets $15 million gas payment from Ukraine, cut off averted

March 5, 2015
posted by

Reuters Reuters    

"Russian gas exporter Gazprom said on Thursday it had received a $15 million prepayment from Ukrainian state energy firm Naftogaz, averting a possible cut in supply, at least for a few days. The money is enough to cover 45.6 million cubic meters of gas, or about five days of supply at current rates of delivery, Gazprom said by e-mail. Gazprom had warned that supply to Kiev could be cut off as soon as Friday if no payment was made. Any possible cuts in gas supplies to Ukraine could have a knock-on effect for the European Union, where Russia meets one third of the fuel demand. Around 40 percent of Russian gas to the EU goes via Ukraine." (03/05/15)

http://tinyurl.com/oogbjcc  

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Germany rejects Greek loan request

February 20, 2015
posted by

BBC News BBC News [UK]    

"Germany has rejected a Greek request for a six-month extension to its eurozone loan programme. The rejection came despite the European Commission calling the Greek request 'positive' only minutes earlier. Greece had sought a new six-month assistance package, rather than a renewal of the existing deal that comes with tough austerity conditions. However, a German finance ministry spokesman said the new plea was 'not a substantial proposal for a solution.'" (02/19/15)

http://www.bbc.com/news/business-31532755  

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EU adds 19 more names to sanctions list over Ukraine conflict

February 16, 2015
posted by

Fox News Fox News    

"The European Union has added 19 more individuals, including a Russian deputy minister of defense, on its sanctions list for their actions linked to the [Ukrainian invasion of the Donetsk and Luhansk People's Republics]. The EU published the list, which also included nine entities, on Monday, one week after the EU foreign ministers decided on the issue. There was a week's lapse in the publishing of the list because of the negotiations which led to an agreement between Ukraine and Russia last Thursday." (02/16/15)

http://tinyurl.com/p6tlurc  

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Security theater: EU leaders agree on new “anti-terror measures”

February 13, 2015
posted by

Watertown Public Opinion    

"Spurred to action by last month's terror attacks in France, European Union leaders agreed Thursday on an ambitious range of new steps to better protect [sic] their countries from terrorism. Actions unanimously endorsed at an EU summit meeting include the sharing of airline passenger data, tougher border controls on travelers and the detection and removal of Internet content promoting terrorism or extremism." (02/12/15)

http://tinyurl.com/mon7pa7  

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EU holds off fresh Russia sanctions

February 9, 2015
posted by

The Australian [Australia]    

"The EU has agreed to postpone new sanctions against Russia to give time to see if a four-way Ukraine peace summit makes progress, French Foreign Minister Laurent Fabius says. ... Foreign ministers from the 28-nation European Union had agreed on January 29 to add 19 people, including five Russians, to a list of those facing travel bans and asset freezes after an upsurge in fighting in [Donetsk and Luhansk People's Republics]. They were meant to formally sign off on the decision in Brussels on Monday, but decided to compromise pending the outcome of Wednesday's crunch summit of the French, German, Russian and Ukraine leaders in the Belarussian capital Minsk." (02/10/15)

http://tinyurl.com/mbd8j58  

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Greek FM to Germany: End “gross indignity”

February 6, 2015
posted by

BBC News BBC News [UK state media]    

"Greece's new finance minister has urged Germany to help end the 'gross indignity' of the Greek debt crisis. Yanis Varoufakis said 'too much time, hopes, lives' had been wasted by Greece's forced austerity programme. He was speaking after talks with his German counterpart, Wolfgang Schaeuble, who said a reduction of Greece's debt was off the agenda. Mr Varoufakis has been seeking support for Greece's plan to renegotiate its massive international bailout." (02/05/15)

http://www.bbc.com/news/world-europe-31147112  

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Greek banks hit as Europe stands firm over bailout

February 5, 2015
posted by

CNN CNN Money    

"Greek markets are tumbling after the European Central Bank raised the pressure on the country's new anti-austerity government to stick to the terms of its [predecessor regime's] massive international bailout program, a message Germany is likely to reinforce later Thursday. ... Stocks in Athens fell by 6% in early trading, and the country's banks were even harder hit. Piraeus Bank (BPIRF) plunged by 16% and the National Bank of Greece (NBG) was down 15%. The yield on 10-year Greek government bonds jumped to nearly 11%." (02/05/15)

http://money.cnn.com/2015/02/05/news/economy/greece-europe-markets/  

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Security theater: EU Parliament buildings evacuated in panic over man’s clothing choices

February 3, 2015
posted by

Deutsche Welle [Germany]    

"Police in Brussels have detained a man following a security scare that forced the evacuation of the EU Parliament. This comes amid heightened security weeks after police said they had thwarted a major terror attack. The public prosecutor's office in Brussels said on Monday that police had approached the man, who was dressed in camouflage gear, after he was observed acting in what was deemed to be a suspicious manner near several of the European Parliament's administrative offices. A statement released by the prosecutor's office said that when police asked him about his intentions, he 'said that he wanted to meet the president of the parliament.' Police then sealed off an area around the Slovakian man's parked car and hundreds of people were evacuated from the Parliamentary offices as a precaution." (02/02/15)

http://tinyurl.com/lzujobr  

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Greece: New regime asks ECB to keep banks afloat as deal sought on old politicians’ debts

February 2, 2015
posted by

Bloomberg    

"Greek Prime Minister Alexis Tsipras began the hunt for allies against German demands for austerity [sic] as his week-old government appealed to the European Central Bank not to shut off the money tap. Finance Minister Yanis Varoufakis said his country['s politicians] won't take any more aid under [their] existing bailout agreement and wants a new deal with its[' previous politicians'] official creditors by the end of May. While Greece tries to wring concessions on its [politicians'] debt and spending plans, it needs the ECB's help to keep its banks afloat, Varoufakis said at a briefing in Paris late Sunday." (02/01/15)

http://tinyurl.com/l4vdo8h  

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Russia: Putin drops South Stream gas pipeline to EU, courts Turkey

December 2, 2014
posted by

Reuters Reuters    

"Russia on Monday scrapped the South Stream pipeline project to supply gas to southern Europe without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for an alternative pipeline, with a promise of hefty discounts. The EU, at loggerheads with Moscow over Ukraine, and keen to reduce its energy dependence on Russia, had objected to the $40 billion South Stream pipeline, which was to enter the EU via Bulgaria, on competition grounds." (12/01/14)

http://tinyurl.com/qj8llcr  

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