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Showing posts with label Economy. EU Parliament. Show all posts
Showing posts with label Economy. EU Parliament. Show all posts

7/19/17

EU Wellfare states: How Do European Welfare States Perform? "are there any left ?" - by M.A. Antonelli and V.De Bonis

The European Union is characterized by different national social polices (although they are less clearly demarcated than in the past).

The Nordic countries present high levels of social expenditure (around 30% of GDP in Denmark, Finland and Sweden), while the continental ones (Austria, Belgium, France, Germany and Luxembourg) have an intermediate level of expenditure (on average 27% of GDP in 2016) and the

Mediterranean countries (Italy, Spain, Greece and Portugal), allocate – on average- a quarter of GDP to social policies (2016). Finally, Anglo-Saxon (Ireland and the United Kingdom) and Eastern countries devote, on average, just 20% of GDP (2016) to welfare.

Based on these indicators, we construct a Performance Index (See here for details) which varies between zero and one where zero indicates the worst-performing and one the best.

For the complete detailed report click here: How Do European Welfare States Perform?

5/29/17

Brexit woes: Industrial output declines & trade deficit increases - by Joe Mellor

The deal PM May secures with the EU is increasingly important, but the anti-European rhetoric from the Government is making that less likely.

The vote for Macron, who is very pro-EU, in France might strengthen the EU’s resolve in the negotiations with the UK.

Industrial output dropped by 0.5% in March, sharper than the 0.3% fall that had been forecast.

This followed a 0.7% fall in February leading to a total growth of just 0.1% for the first quarters of the year according to the Office for National Statistics figures.

It was hoped that a fall in the pound might increase exports but there doesn’t appear to be much evidence this has happened. Instead there was a surge in imports, up £2.9bn over the month, with an increase in imports of goods from both EU and non-EU countries.

The broad services and goods deficit jumped to £4.9bn in March from £2.6bn in February.

Exports increased by just £600m. Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, said the March trade figures were “simply dreadful”.

The uncertainty over Brexit appears to be grinding the economy to a halt and a turnaround in the next quarter is essential, however that looks unlikely.


Read more Brexit woes: Industrial output declines & trade deficit increases - The London Economic

5/27/17

European Parliament Blocks EC Money Laundering Blacklist because they consider it incomplete- by Joe Kirwin

EU Money Laundering Controls
The European Commission will be forced to draw up a new blacklist of countries that facilitate money laundering after the European Parliament overwhelmingly rejected the latest effort that failed to consider countries that enable tax evasion.

EU lawmakers voted 392-80, with 207 abstentions, to reject the list that includes 11 countries, including Afghanistan, Bosnia and Herzegovina, Iraq, North Korea, Yemen and Syria, among others.

These are countries that the Paris-based Financial Action Task Force has signaled as destinations for laundering money or sources of terrorism financing.

Any country that ends up on the money laundering blacklist will face stricter controls when doing business in the EU, to ensure financial stability and general safety.

“We can not accept that the commission relies merely on an international body—the so-called Financial Action Task Force (FATF)—in drawing up a list of jurisdictions with strategic anti-money laundering and counter-terrorism financing,’' said Ana Gomes, a Portuguese parliamentarian from the Socialist and Democrat group, in a May 17 statement.

“How can we explain to our citizens that Panama for instance, which led the Panama Papers scandal, is not even on the list?” she asked.

Parliamentary opposition to the current blacklist also concerns the criteria used by the European Commission. EU lawmakers insist that the list should also include countries that facilitate tax evasion, which the Commission believes is beyond its mandate.

A key difference between the two EU institutions concerns the threshold for identifying beneficial owners of companies. EU member states insist it should be 25 percent or more, whereas the European Parliament wants 10 percent or more. Negotiations will continue in June.

The dispute over the AMLD blacklist is different from a tax haven blacklist that EU member states are due to finalize by the end of 2017.

Currently, EU member states are “screening” 92 countries as candidates for the tax haven blacklist. The U.S. is among the 92 countries.

Read more: European Parliament Blocks EC Money Laundering Blacklist | Bloomberg BNA

5/22/17

Europe Should Stand Firm Against Torture at NATO Summit with Trump- by Kartik Raj

Human Rights Watch notes that European leaders will sit down with  President Donald Trump at the NATO summit in Brussels on Thursday. [5/25] High on the agenda will be how the new  US administration and its European partners cooperate on counterterrorism. That conversation should include  how to ensure that torture  has no place in counterterrorism efforts.

The NATO treaty played a little-known role in the dark history of post-9/11 US-Europe counterterrorism cooperation that permitted CIA secret detention and torture on European soil.

The day after the attacks of 11 September 2001, the Bush administration invoked the “collective self-defence” clause in Article 5 of the NATO Treaty. Within a month, Europe’s leaders had agreed to give the US military and intelligence agencies “blanket overflight clearance” and unlimited use of airports for refueling.

A Swiss senator who later investigated the programme for the Council of Europe was never allowed to see that agreement, but he concluded that Europe’s approach had been “permissive” and that the arrangement  facilitated CIA covert operations.

Why bring all this up now? We are now in a world in which European leaders have to talk about a shared approach to counterterrorism policy with a US president who promised during his election campaign to bring back “waterboarding” and “a helluva lot worse.”

The European Court of Human Rights has found in a series of cases—involving Macedonia, Italy and Poland—that European intelligence agents enabled the CIA to abduct national security suspects from Europe, and bundle them onto aircraft to be tortured elsewhere, or to fly detainees captured elsewhere to secret detention centres set up in Europe where they were subjected to terrible, prohibited, abuse. Cases against Romania and Lithuania are still open before the court. And two UN Committees have condemned Sweden for its role in the rendition of two Egyptian asylum-seekers in 2001.

The European governments involved have done little or nothing to hold those responsible to account.

Italy has gone furthest, convicting Italian and US agents, the latter in absentia, for  kidnapping a man who was sent to Egypt and tortured, but some of those deemed criminally responsible have since received a presidential pardon. Every other criminal investigation in Europe into European complicity – in Poland, Lithuania and the UK – is stalled or has been shelved.

The UK government has shelved the work of a judicial inquiry into allegations of complicity in rendition and torture, and instead handed over the task to a parliamentary committee that lacks necessary independence.

Successive investigations into European complicity by the Council of Europe and European Parliament faced obstruction from most of the governments under investigation. None of the bilateral deals between the US and each individual European state involved in these abuses has ever seen the light of day. We still don’t know who in Europe authorised them.

Days after Trump’s  inauguration, newspapers published a leaked draft Executive Order suggesting that the new US president was considering reopening the CIA’s high value detainee programme.  A White House spokesman said that the draft order was “not a White House document.”

Those plans – thankfully – seem to be on the back burner. But the risk of a return to torture lingers, particularly if a new attack took place and altered the president’s thinking.

Some European leaders have already signalled that if the US resumes abusive security practices it would hurt relations. The German defence minister has stated clearly that there is “no room for torture” in US-German relations. UK Prime Minister Theresa May has said that the UK’s ability to cooperate on intelligence matters with a state that practised torture would be limited. Donald Tusk, EU Council president, listed “worrying declarations by the new American administration” as one of the key external threats to the EU.

It is vital  for European leaders continue to make clear to the Trump administration that there would be negative consequences  if Washington resumed secret detention, rendition and torture. Even if the goal of such a programme is to outsource torture to repressive regimes elsewhere and never touch down at a European airport, Europe’s leaders should be no less vociferous in their objection to such illegality.

NATO’s founding charter says that its members are “determined to safeguard the freedom, common heritage and civilisation of their peoples, founded on the principles of democracy, individual liberty and the rule of law.”

As they begin their relationship with a new US administration, European states should be clear that the shared values of the alliance preclude intelligence and security cooperation that would lead to renewed torture and secret detention. And they should come clean about their own role in CIA torture in the past.

Note EU-Digest: before we start accusing other countries about their poor Human Rights behavior it might be worthwhile to look how well we in the West are doing ourselves when it  comes to Human Rights. After all “What's good for the goose should also be good for the gander.”

EU-Digest

3/14/17

The Netherlands: What the Dutch elections are all about … and what they’re not about - by Cas Mudde

Mark Rutte benefiting  from his brawl with Erdogan?
The Dutch parliamentary elections are tomorrow and, like most Dutch political scientists, I cannot wait for them to be over. Never before have Dutch elections been so intensely followed by the international media and I am, honestly, tired of having to answer another question about “the Dutch Trump” (Geert Wilders) or “the Dutch Trudeau” (Jesse Klaver). Obviously, the international media are not really interested in Dutch politics. Rather, they have declared the Netherlands to be the bellwether of European politics. Never mind that the country has a fairly specific political culture, and party politics has changed from ultra-stable in the 20th century to ultra-volatile in the 21st century, the Netherlands is Europe’s future.

Given that the Dutch elections are covered in the same frame as the British EU referendum and the US presidential elections, and are the first of a series of similar elections in Europe, much of what is truly at stake is missed. Moreover, much of what is focused on is secondary at best and irrelevant at worst. So, what is (not) at stake tomorrow?

1 These are not “winner takes all” elections

2 The Dutch are not voting on the European Union

3 The Dutch are not electing a president

International media style the Dutch elections as a “neck-and-neck race” between conservative prime minister Mark Rutte of the People’s Party for Freedom and Democracy (VVD) and radical-right challenger Wilders, to fit the broader frame of status quo versus populism. Understandably, Rutte has tried to push this idea on the Dutch media too, positioning himself as the only democratic hope to stave off a populist victory. But however convenient it is for selling newspapers or for Rutte, this formula is inconsistent with the essence of the elections. The Dutch are electing a parliament, not a president or premier, and it is not guaranteed that the leader of the biggest party will be the premier. In a parliamentary system the government needs the support of the parliamentary majority, not necessarily of the biggest party. Moreover, the struggle between Rutte and Wilders captures only a minority of the voters: together the VVD and PVV are only polling between 30 and 35%. In other words, the real story is somewhere else.

4 The Dutch are uninspired …

The most stunning number regarding the Dutch elections is that, four days before election day, a majority of the population (54%) did not yet know for which party they were going to vote.

5 … (partly) because the parties discuss the wrong issues

Since the beginning of the 21st century Dutch political campaigns have been dominated by the “three Is” – immigration, integration and Islam – and this year is no different.

In fact, voters are being beaten around the head with those issues on the campaign trail, even if few concrete solutions are offered, at the expense of some of the basic bread-and-butter issues that are actually concerning the majority of population: economic inequality, education, healthcare, and protection of the welfare state.

Note EU-Digest: Unfortunately the Turkey-Holland  brawl has not helped the candidates on the left in this Dutch election, who have hammered on more and real pressing problems, like economic inequality, education, healthcare, and protection of the welfare state on a sure footing, to the contrary. 

So basically, if there are no major surprises it unfortunately could turn out to be business as usual in Holland with Mark Rutte benefiting from the weekend crises with Turkey?

Read more: What the Dutch elections are all about … and what they’re not about | Cas Mudde | Opinion | The Guard

3/1/17

The Netherlands: Dutch Trump Even Scares His Own Brother - by Nadette De Visser

Wilders -" not even his own brother trusts him?
A security breach is the latest controversy looming around hate-speaking Dutch Islamophobe leader Geert Wilders on the campaign trail as parliamentary elections approach March 15. Thus far, he is the leading candidate, even though other parties may unite to keep him out of the government.

Last week, the Dutch security service, DBB, who are tasked among other things with protecting Wilders, discovered a leak. A member of the DBB staff, identified only as Faris K., was suspected of passing security information to the Dutch-Moroccan criminal network known as the Mocro-Mob, which is responsible for a string of notorious liquidations. Indeed, infighting among Mocro factions has resulted in the death of over 20 men of Moroccan descent. The most notorious incident in the killing spree was the beheading of a small-time thug in March 2016, whose head was placed in the street facing an Amsterdam shisha lounge as a warning to two men who were to testify the next day.

The DBB says there is no threat. Faris K. was questioned, then released. But Wilders has canceled all campaign appearances—which may really be out of security concerns, or may be a shrewd political maneuver, or both. Publicity about the menace posed by such a sordid bunch of thugs from Muslim backgrounds could serve Wilders better than his previous campaign theme, which emphasized his connections to U.S. President Donald Trump. Wilders even stumped for Trump at the Republican convention last summer.

It is all “much ado about nothing,” according to Faris K.’s lawyer speaking on Dutch TV. “I can reassure Wilders, my client is just a big talker.” The attorney Peter Plasman said Faris K. had been bragging about his job protecting Wilders to impress two girls he fancied. “A storm in a glass of water,” the Dutch version of a tempest in a teacup, is what comes to mind with every fresh headline about the turmoil that surrounds the peroxide blonde Wilders.

But in the most recent polls Wilders appears to be losing some of his momentum. They show his party may get one to five fewer potential seats than in previous surveys and there’s widespread speculation this is because of the “the Trump effect.” Many people in the Netherlands are shocked by the performance so far of the new U.S. president.

In any case, in this the electoral home stretch, Wilders appears to want to disappear. He has not only suspended his Party for Freedom (PVV) campaign in public pending further investigation into the Faris K. affair, he has been cancelling nationally broadcast debates left and right.

The first time he did this ostensibly because there were too many political parties invited to the TV talk. The second time because RTL TV had published an interview with his brother Paul Wilders, one of Geert’s toughest critics.

When asked about the commotion, Paul Wilders told The Daily Beast: “Ah, all that to-do about a little interview with RTL was to be expected; I estimated a 50 percent chance that Geert would use it to get out of a disagreeable debate he was expected to attend.”

Paul, who is ten years older than Geert, is known for his impatience with his younger brother’s political views. “He governs his domain like an emperor, whoever contradicts him seriously is done with, family or not,” Paul says, blaming Geert’s isolation. “If you have been an emperor for so long … without a social life, then you start living accordingly. It is a sad thing to see happen. I wish him better than that.”

Read more: Dutch Trump Even Scares His Own Brother - The Daily Beast

2/8/17

Scotland - Independence beckons: Scottish independence now neck-and-neck, new post-Brexit poll shows – by Matthew Tempes

Support for Scottish independence in the wake of the Brexit referendum is now effectively neck-and-neck, according to a new poll released Wednesday (8 February).

The survey, for the Herald newspaper in Glasgow, puts support for independence at 49% and for the status quo at 51%, excluding don’t knows.

It comes against a backdrop of British Prime Minister successfully getting through a parliament a bill allowing MPs to vote on a final Brexit deal – but with very little consultation or safeguards against a so-called ‘Hard Brexit.’

Whilst still showing a theoretical victory for the status quo, it is within a statistical margin of error – and compares with the 2014 referendum result of 45% for independence and 55% against.

The seismic vote by the UK as a whole – but not Scotland, Northern Ireland or Gibraltar – to leave the EU  last year has brought fresh pressure on the Scottish National party minority government in Edinburgh to hold a fresh referendum.

That has increased with confirmation from Theresa May that Brexit will mean leaving the single market, and – as yet – no deal on the rights of EU workers in the UK, and vice-versa.

Alex Salmond, the SNP’s former leader, first minister, and foreign affairs spokesman for the party at the Westminster parliament, tweeted the result with the words “Game On.”

Read M<ore: Scottish independence now neck-and-neck, new post-Brexit poll shows – EurActiv.com

4/19/16

TTIP: U.S. Trade Policy: Populist Anger or Out-of-Touch Elites? - by Jeff Faux,

Nobody wants it except the
Corporate and Government elites
The presidential primary campaigns of both political parties have exposed widespread voter anger over U.S. global trade policies. In response, hardly a day has recently gone by without the New York Times, the Washington Post and other defenders of the status quo lecturing their readers on why unregulated foreign trade is good for them.

The ultimate conclusion is always the same – that voters should leave complicated issues like this to those intellectually better qualified to deal with them. So much for democracy.

Trade experts, according to Binyamin Appelbaum of the Times have been “surprised” at the popular discontent over this issue. Their surprise only shows how disconnected the elite and the policy class that supports it is from the way most people actually experience the national economy.

The United States has always been a trading nation. But until the 1994 North American Trade Agreement, trade policy was primarily an instrument to support domestic economic welfare and development.

Starting with NAFTA, pushed through not by a Republican president, but by the Bill Clinton in 1994, it became a series of deals in which profit opportunities for American investors were opened up elsewhere in the world in exchange for opening up U.S. labor markets to fierce foreign competition.

As Jorge Castañeda, who later became Mexico’s foreign minister, put it, NAFTA was “an agreement for the rich and powerful in the United States, Mexico and Canada, an agreement effectively excluding ordinary people in all three societies.”

For 20 years, leaders of both parties have assured Americans that each new NAFTA-style deal would bring more jobs and higher wages for workers, and trade surpluses for their country. It was, they were told, an iron law of economics.

What actually followed were outsourced jobs, wage declines, shrunken opportunities and rising trade deficits. The result has been a dramatic weakening of the bargaining power of American workers.

So it should come as no surprise when the large parts of the U.S. workforce now conclude that these trade deals may have had something to do with the redistribution of income from their pockets to the bank accounts of the top 1% who own and manage large multinational corporations.

Read more: U.S. Trade Policy: Populist Anger or Out-of-Touch Elites? - The Globalist

3/10/16

ECB stimulus surprise sends stock markets sliding

European stock markets have fallen and the euro has soared following the economic stimulus measures announced by the European Central Bank.

After initially rising following the broader than expected package, Frankfurt closed down 2.3%, Paris ended 1.7% lower and the FTSE 100 slid 1.8%.

The euro initially fell 1.6% against the US dollar to $1.0822 before jumping as high as $1.1218.
It was one of the biggest one-day swings in the currency's history.
\
Sharp rises for European banks were also largely wiped outThe ECB cut its main interest rate from 0.05% to 0% and cut its bank deposit rate, from minus 0.3% to minus 0.4%.

The bank will also expand its quantitative easing programme from €60bn to €80bn a month.
Stimulus,

Jasper Lawler, of CMC Markets, said: "Stocks came off highs of the day when some of the initial euphoria was nullified by the suggestion by ECB president Mario Draghi that rates would not be cut any further."

Simon Derrick, chief currency strategist at BNY Mellon: "If the intention of the ECB board was to help weaken the euro then their work was entirely undone by Mr Draghi's comments about the future path of rates."

John Hardy, head of currency strategy at Saxo Bank, said: "This was a much bigger bazooka than the market was expecting and shows the ECB trying to get ahead of the confidence curve after learning its lesson in December."

The stimulus measures announced three months ago have largely failed to drive economic growth higher or boost inflation.

Read more: ECB stimulus surprise sends stock markets sliding - BBC News

5/2/14

The meaning of May 1 - International Labour Day

Beltane, Floralia: Spring Fertility Festivals, International Labour Day, the United States of America, the USSR, Australia and Rosa Luxemburg: the soup that created International Labour Day, reminding us of the struggle for workers' rights for which thousands of activists struggled for centuries. Today, they are under threat.

We trace a brief outline of the history of International Labour Day from the Pagan fertility festival - Beltane - to the Roman festival Floralia, to the fight for an 8-hour working day in the United States of America at the end of the 19th century - where International Labour Day has its roots, to the internationalization of the movement. Curiously, the USA is one of the few countries which does not have a public holiday on May 1.


We trace a brief outline of the history of International Labour Day from the Pagan fertility festival - Beltane - to the Roman festival Floralia, to the fight for an 8-hour working day in the United States of America at the end of the 19th century - where International Labour Day has its roots, to the internationalization of the movement. Curiously, the USA is one of the few countries which does not have a public holiday on May 1.

For all the arguments about free speech and the need to compete, we should take a close look at a political system in which most Americans don't have a voice in the process and where, even worse, the outcomes are biased toward certain segments of the nation who can pay to play. This is one issue where the left and right, as well as the slim center, can find agreement.

Read the meaning of May 1 - International Labour Day - English pravda.ru

4/15/14

The European Economy Spring 2014 - by Andrew Watt

The main message for European policymakers from the IMK economic forecast last week – available in German here – is that while there are strong grounds to hope for the best, concrete steps need to be taken to avoid the worst. Let us start with the good news and then ponder the risks, before recommending appropriate policies.

The European economy appears finally to have turned the corner. In the euro area the recession was overcome in the course of last year and employment has bottomed out. The IMK expects growth of 1% and 1.7% in the euro area in the current and coming year respectively. Thanks to faster growth in the UK, Poland and some smaller economies outside the common currency area, the EU as a whole will grow rather faster.

 Even in the crisis countries the signs are at last encouraging. Greece will continue to contract, on annual averages, this year but a substantial rebound is expected in 2015 (3.2%). Spain and Portugal will grow slightly below and rather above the euro area averages this and next year; unemployment is already falling, in Portugal rapidly. Meanwhile Italy continues to lag, stagnating this year and with sub-par growth in 2015 (0.8%).

Read more: The European Economy Spring 2014