EU Affairs

Snowden seeks asylum n France

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"The saddest thing of this whole story is that the only place an American whistle-blower has the chance to be heard is not in Europe but here in Russia," Edward Snowden said in an...

Hong Kong Stock Exchange campaigns to push through London Stock Exchange takeover

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The Hong Kong Stock Exchange (HKEX) is seeking to persuade the London Stock Exchange shareholders to accept a $39 billion cash-and-share takeover bid. The initial offering, which was submitted early last week, was quickly rejected...

Germany wants to cap EU budget to 1% of GDP

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Germany wants to cap the EU’s next seven-year budget (2021-27) at 1% of GDP, Reuters reports. In 2018, the Commission proposed a seven-year budget of roughly €1.1 trillion or 1.11% of the bloc’s Gross National...

No breakthrough during Johnson-Juncker meeting in Luxembourg

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UK Prime Minister Boris Johnson and Brexit Secretary Steve Barclay met with the European Commission President Jean-Claude Juncker and Michel Barmier on Monday in Luxembourg to discuss Britain's impending withdrawal from the bloc on...

Johnson led Leave to prevent Gove from taking the Eurosceptic crown, according to Cameron

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Boris Johnson is a “truth twisting” populist that chose to lead Leave in the UK’s 2016 EU referendum to prevent anyone else from doing so, according to former prime minister David Cameron. In an interview...

Eurozone divided over stimulus policy

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Mario Draghi’s monetary policy package announced last week is fiercely contested and may no longer be sufficient to stave off recession across the Eurozone. Draghi is arguing that the eurozone economy is weak and with...

Italy reopens ports to migrant rescue boats

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Italy’s new government allowed the French Ocean Viking vessel to bring ashore 82 migrants on Saturday, in what constitutes a policy U-turn. Foreign Minister Luigi Di Maio said the Ocean Viking was granted access to...

Interview with Tiago Guedes

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At last month’s 76th Venice Film Festival New Europe’s Federico Grandesso sat down for an exclusive interview in the famed lagoon city with Portuguese director Tiago Guedes about his new film A Herdade (The Estate)...

Interview: ‘Adults in the Room’ director Costa Gavras on political movie making

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Famed political director returns home to bring the Greek financial crisis to life At 86-years-old Greek-born French director Costa Gavras has been one the most widely-acclaimed directors of political drama of the last 50 years....

EU wants progress in Russia-Ukraine gas talks

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The European Union will host a fresh round of Trilateral Gas Talks between Russia and Ukraine on 19 September in Brussels with European Commission Vice President Maroš Šefčovič stressing that a solution needs to...

Danes to outpace Euro’s devaluation while Swedes hold their ground

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Denmark’s central bank followed in the footsteps of the European Central Bank on Thursday cut its key deposit rate to 0.75%. This brings the Danish basic rate to historic lows on par with Swiss rates....

The mother of all hearings

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As soon as the new European Commission President, Ursula von der Leyen, revealed on 10 September that Hungary’s former Minister of Justice Laszlo Trocsanyi was her proposed Commissioner for Neighbourhood and Enlargement Policy, alarm...

NI Court rules Brexit does not violate Good Friday Agreement

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Belfast’s High Court dismissed a case arguing that Brexit without a withdrawal agreement contravenes Northern Ireland’s 1998 peace accord. Judge Bernard McCloskey’s 68-page statement said that the argument put forward by three Northern Irish rights...

Draghi’s exit plan

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With few weeks to go before the end of his term, outgoing European Central Bank (ECB) President Mario Draghi left a lasting mark on monetary policy on Thursday. It is “whatever it takes” for...

Juncker wants “European Way of Life” portfolio name to be changed

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Jean-Claude Juncker, the outgoing President of the European Commission, at his interview on Thursday morning at Euronews, weighed in the row over his past chief spokesperson’s new Vice-president portfolio “Protecting our European Way of...

Italy requests a fiscal time-out to boost growth

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Following a meeting with the President-elect of the European Commission Ursula von der Leyen, Italian premier Minister Giuseppe Conte asked for fiscal space to restart the Italian economy. Addressing the press, Conte said that the...

Hong Kong bids for London Stock Exchange

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The Hong Kong's stock exchange made a €35.43bn ($39bn) offer for the acquisition of the London Stock Exchange on Wednesday. The offer is below the current valuation of the LSE. A statement issued by the parent...

New EU Commission President wants Green Deal to become Europe’s hallmark

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Preparing for the Climate Action Summit by the United Nations Secretary-General in New York on 23 September, the European Commission on 11 September adopted a Communication reaffirming the EU's commitment to accelerated climate ambition. European...

EU continues to lead the global fight against climate change

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The European Commission adopted on 11 September a Communication reaffirming the EU's commitment to accelerated climate ambition. The EU has put concrete actions behind its Paris Agreement commitments, in line with the Juncker Commission priority...

British economy shows resilience despite political volatility

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While the prospect of a no-deal Brexit looking likely, the UK economy is still showing signs of resilience. The Pound Sterling has rebounded in view of surprisingly strong growth and increased optimism that a no-deal...

Poverty level drops to 18-year low in US

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The US poverty rate is at the lowest it has been since 2001 and middle-class income has hit a historical high, the Census Bureau reported. In 2018, 11.8% of Americans lived under the poverty line...

The EU rethinks the Fiscal Compact

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It appears that the consensus over a fiscally tight, export-driven EU economy is contested. The Finnish Council Presidency will table a proposal for the review of the fiscal compact on Saturday’s Eurogroup, Reuters reports. According...

UK summons Iranian ambassador over Adrian Darya 1 oil delivery

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After weeks of controversy surrounding an Iranian oil tanker, Britain summoned the Islamic Republic's ambassador to protest a clear breach of the assurances that were given by Tehran in August that the oil cargo...

Official list: All the European Commission portfolio assignments

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European Commission President-elect, Ursula von der Leyen, has made public the assignments of all the portfolios to the Commissioners-designate, completing the puzzle of the 2019-2024 college of Commissioners. The five vice-presidents named by von der Leyen...

Rome’s new government faces old fiscal deadlocks in Brussels

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The second Giuseppe Conte government in Italy retains ambitious spending plans that may be in conflict with Brussel’s demands to reign over the public deficit. Ahead of submitting the 2020 budget, Conte’s administration intends to...

The Netherlands could opt for no-deal Brexit rather than Article 50 suspension

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The Dutch might prefer a ‘no-deal’ Brexit on Oct. 31 to a postponement of Article 50, Foreign Trade Minister Sigrid Kaag said in an interview published on Monday. ‘At a certain moment, enough is enough,’...

ECB board debates the second wave of quantitative easing

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The President of the European Central Bank, Mario Draghi, is likely to pave the way for a second wave of quantitative easing before he leaves office in October. At a crucial ECB board meeting on...

New Commission needs to secure a zero-carbon target for 2050

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If the new European Commission is serious about decarbonising Europe's economy, it needs to take decisive action to secure a zero-carbon target for 2050, WindEurope said on 5 September. “Europe needs to start getting much...

Swedish central bank goes against the tide to tighten monetary supply

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Sweden’s central bank, or Riksbank, was the first among developed economies to introduce negative interest rates during the crisis and will now be the first to hike those rates over the next two months. The...

Iranian supertanker believed to violate EU sanctions on the Assad regime

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The Iranian oil tanker Adrian Darya 1 that was taken over by Royal Marines in July on suspicion that it was bound for Syria is now located off the Syrian coast. The Adrian Darya-1 –...

Greece follows Ireland and Portugal in seeking early IMF repayment

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Greek Finance Minister Christos Staikouras has announced that Greece will submit an official request to the Eurogroup seeking permission to repay a loan to the International Monetary Fund, a move that would follow similar...

Ursula von der Leyen’s incoming Commission is now ready

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With former Italian Prime Minister Paolo Gentiloni being announced as the 27th European Commission member for the incoming mandate, President-elect Ursula von der Leyen is now ready to present a complete picture to the...

Belgrade’s central role

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Serbia is now a part of the solution, not the problem Serbia’s Foreign Minister Ivica Dacic speaks with New Europe about the difficult political and economic tasks facing his country as Belgrade continues down...

Spain’s super-rich grow by 74% since 2011

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A successful tax policy has succeeded in revealing the true extend of wealth inequality in Spain, generating considerable revenue for regional governments. Between 2011 and 2017 Spaniards making more than €30 million increased by 74%,...

Johnson tries build a viable no-deal narrative

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The political pressure is mounting on Boris Johnson to abandon the idea of no-deal, but as the economy walks towards a recession, the British prime minister is trying to built up the economic viability...

Germany to phase out glyphosates in blow to Bayer/Monsanto

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The German government has joined Austria, Belgium, Croatia, Cyprus, Greece, Italy, Luxembourg, and Malta in recognising the need to phase out glyphosate-based weed killers by 2023. The decision announced on 4 September is a major...

House of Commons instructs Johnson to ask for Brexit delay

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Τhe UK parliament voted on Wednesday to prevent Prime Minister Boris Johnson from leading the UK out of the EU on October 31 without a deal; Johnson is seeking to trigger an election by...