Advertise On EU-Digest

ADVERTISE ON EU-DIGEST - Please include your URL/Logo information with payment.

9/15/14

Europe -New EU Commissioners Ready To Roll As France and Britain Secure Top EU Economy Posts

French Socialist Former finance minister Pierre Moscovici takes the key portfolio of economic policy, though he will be supervised by former Finnish prime minister Jyrki Katainen and former Latvian prime minister Valdis Dombrovskis.

British Conservative Jonathan Hill takes a revamped portfolio entitled Financial Stability, Financial Services and Capital Markets Union - something the London government, outside the euro zone, had been pitching hard for. He will be in charge of relations with, among others, the European Banking Authority.

Danish liberal Margrethe Vestager will be in charge of the powerful competition portfolio that gives the EU a big say in the expansion or merger plans of the world’s biggest companies, while former Slovenian prime minister Alenka Bratusek will oversee the EU’s plan to create an energy union.

Sweden’s Cecilia Malmstrom will have the task of negotiating the world’s biggest trade agreement between the United States and Europe. Miguel Arias Caneta of Spain will be energy and climate change commissioner, though former Slovenian former premier Alenka Bratusek will have the more senior post of vice-president overseeing the development of an energy union.

Germany’s Guenther Oettinger will have responsibility for the digital economy, a portfolio including the overhaul of the EU telecoms market. Elzbieta Bienkowska of Poland takes the role of commissioner for the internal market, industry, entrepreneurship and small business.

The new Commission is due to take office on November 1, subject to its confirmation by the European Parliament.

Read more: ReEurope - France and Britain secure top EU economy posts - France 24

9/14/14

Spanish economy on the road to recovery, say OECD - Telegraph

The Spanish economy has undergone a "major turnaround" since emerging from its worst recession since its transition to democracy, but must continue on the path of reform, according to the Organisation for Economic Cooperation and Development. 

Read more: Spanish economy on the road to recovery, say OECD - Telegraph

EU Commission wrong to deny access to interchange fee research, say EU judges

The European Commission was wrong to deny MasterCard access to research that fed into the draft regulation capping cross-border card payments, EU judges in Luxembourg ruled today (9 September).

The decision could encourage businesses, NGOs and journalists to demand impact assessment documents, including those produced by third parties such as consultants, used by the Commission to justify its regulatory decisions. That could lead to research and methodologies being challenged by industry before officials propose binding rules.

Steven Peers, professor of EU law and human rights law at the University of Essex, told EurActiv, “The important feature of this judgment is that it applies the right of access to documents very strongly as regards the Commission's impact assessment process, including the draft documents drawn up by the consultants during that process.

Read more: Commission wrong to deny access to interchange fee research, say EU judges | EurActiv

European Commission rejects petition against ‘undemocratic’ EU-US trade deal - by Richard Heasma

Campaigners have today announced that the European Commission has rejected a petition that would force a public review of a secret trade deal between the EU, US and Canada in the European Parliament.

The petition called for the EU to hold a ‘European Citizens’ Initiative’ against the proposed deal between the EU and US, known as the Transatlantic Trade and Investment Partnership (TTIP), and the EU and Canada, known as CETA.

Across Europe, protests have been held against the secretive deals, with critics arguing they would erode the rights of both citizens and governments. One controversial issue has been the power both deals would give to corporations to sue governments over legislature that affects their profits. Campaigners fear this would permit the rolling back of anti-tobacco legislation.

read more: European Commission rejects petition against ‘undemocratic’ EU-US trade deal - Blue and Green Tomorrow

9/13/14

Europe's sluggish economy needs innovative programs

The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, casting the net wide to consider options from a pan-European capital market to a huge investment fund.

Finance ministers from the bloc's 28 countries are fleshing out a host of ideas circulating in European capitals. With interest rates already at record lows, ministers need radical steps to help growth at a time of near record unemployment.

From Poland's 700-billion-euro ($907 billion) 'European Fund for Investments' to the European Central Bank's plan to resurrect the EU's market for asset-backed securities, Europe's ability to get credit flowing to small companies is central to its revival.

Read more: Show us the money: EU seeks billions of euros to revive economy - The Economic Times

Scottish independence could mean the end of Spain: by Martin Wolf

On September 18th Scotland will vote on whether or not to leave the United Kingdom and break a union that has lasted over 300 years. While it long seemed as though an independent Scotland was only a pipedream, recent polls have shown that a ‘yes’ vote is actually somewhat likely—the ‘no’ to Scottish independence vote is now winning by only 4% (it was up by as much as 11% on August 25th).

Read more: Scottish independence could mean the end of Spain: Martin Wolf - Yahoo Finance