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News flash

Werner Faymann, the Austrian chancellor

The Austrian Chancellor has threatened to block Cameron’s EU negotiations

Werner Faymann, the Austrian chancellor, warned he would block Britain’s negotiation package unless Mr Cameron showed “solidarity” and accepted a greater share of the hundreds of thousands of asylum seekers flooding into the EU. He warned that Austria would raise the issue of migration to a forthcoming round of EU budget talks, wrote The Telegraph. “The [Citește...]

Angela Merkel cere acum Franţei să suspende exportul de nave de război către Rusia

Schengen at stake, warned Merkel

At a press conference, Angela Merkel stated that if no agreement is reached on the allocation of refugees within Europe, the Schengen system might be at risk. Merkel wants other European countries to take more migrants. If they fail to do so, the EU might be forced to reinstate border controls, she warned, something ]we do not want[. Stricter border controls [Citește...]

Robert Fico will meet with the Prime Ministers of the Visegrad countries

Disagreement on EU migrant quotas

The Slovakian Prime Minister Robert Fico meanwhile will meet with the Prime Ministers of the Visegrad countries at the end of the week to forge a common position, rejecting the EU quotas for the relocation and resettlement of migrants.  The meeting comes in advance of a possible EU emergency summit on Migration on 14 September. The Commission however repeated [Citește...]

Plans for a continent-wide single energy market

Plans for a continent-wide single energy market

The EU unveiled plans Wednesday for a continent-wide single energy market to reduce its uneasy reliance on Russian supplies and cut a massive annual import bill of some 400 billion euros. “Today, we launch the most ambitious European energy project since the Coal and Steel Community“, said Maros Sefcovic, the Commission vice president in charge of the dossier. [Citește...]

The European Commission will not fine France, Italy and Belgium

The European Commission will not fine France, Italy and Belgium

The European Commission announced yesterday that it will not fine France, Italy or Belgium for violating European Union budget rules, and that it is granting extra time to France to bring its budget under control. The deadline has been extended to 2017, following on from the two-year extension granted in 2013. “The 3% target is not attainable in 2015, so we [Citește...]

Yanis Varoufakis

„If Greece is forced to leave the Eurozone, Italy and Portugal could be next”

On Sunday 8 February, Greek finance minister Yanis Varoufakis said that if Greece is forced to leave the Eurozone, Italy and Portugal could be next. He said “the euro is fragile, it’s like building a castle of cards, if you take out the Greek card the others will collapse”, referring to Portugal and Italy. The response of Italian finance minister Pier [Citește...]

Yanis Varoufakis, the Greek Finance minister

New Greek finance minister is calling for a ”menu of debt swaps”

New Greek finance minister Yanis Varoufakis is no longer calling for a write-off of Greece’s foreign debt, but instead for a ”menu of debt swaps”, which links debt repayments to economic growth. The idea is backed by, amongst others, the IMF, but investors remain sceptical. At the same time, Germany has stated it sees no reason to replace the Troika system [Citește...]

Merkel criticised Hungarian Prime Minister Viktor Orbán

Merkel criticised Hungarian Prime Minister Viktor Orbán

During a visit to Hungary , German Chancellor Angela Merkel criticised Hungarian Prime Minister Viktor Orbán for his government’s treatment of the political opposition, civil society and media. At the press conference, she expressed doubts over Orbán’s interpretation of democracy, referring to a speech in which Orbán stated he was building an ‘illiberal’ [Citește...]

Romania’s chance of joining Schengen is diminished

Romania’s chance of joining Schengen is diminished

The terrorist attack in France and the resulting plans for tougher rule enforcement in the Schengen Zone diminishes Bulgaria’s and Romania’s chance of joining Schengen. MEPs said that they are afraid security issues will be more important than enlarging free movement, and that unjustified connections will be made between the Paris attacks and free movement [Citește...]

Jean-Claude Juncker insisted he would not get down on his knees to beg Britain to stay

Jean-Claude Juncker has publicly contemplated a British exit

Jean-Claude Juncker has compared British membership of the EU to a doomed romance and suggested it is time for Britain to get a divorce from Europe. It is the first time the president of the European Commission has publicly contemplated a British exit and he reinforced his message by insisting he would not get down on his knees to beg Britain to stay. “People [Citește...]

Bulgaria wants to be allowed into ERM-2 by the end of 2018

Bulgaria wants to be allowed into ERM-2 by the end of 2018

Bulgaria’s Finance Minister Vladislav Goranov said Bulgaria will begin talks on adopting the euro, while he attended the official ceremony for Lithuania’s euro entry. He stated Bulgaria will inquire as to what it should do to be allowed into the two-year ERM-2 exchange rate mechanism, and that it should be possible to join ERM-2 by the end of 2018. What is [Citește...]

The European Parliament has welcomed the European Commission’s decision to publish the TTIP negotiation documents

The European Parliament has welcomed the European Commission’s decision to publish the TTIP negotiation documents

The European parliament has welcomed the European Commission’s decision to publish the transatlantic trade and investment partnership (TTIP) negotiation documents. The decision follows widespread criticism for the commission surrounding the trade deal, especially on the lack of transparency in negotiations given their potential impact on Europe. The move [Citește...]

Boiko Borisov

Borisov warned E.C. about his country energy resources

Bulgarian Prime Minister Boyko Borisov paid a visit to the European Commission to sound the alarm over his country‘s energy resources, following the freezing of the South Stream project. In particular, he warned that if Russia drags its feet over the rehabilitation of Bulgaria’s two nuclear reactors, this would be a “catastrophe” for the country.

Cyprus Airways has collapsed

The collapse of Cyprus Airways is a new blow for the island

The collapse of Cyprus Airways nearly two years after a financial earthquake shattered the economy has dealt a new blow to the recession-hit Mediterranean island, experts said Monday. Cyprus is facing record unemployment of around 16 percent, according to economists who say the situation will only worsen as the national carrier‘s 560 staff are laid off. On [Citește...]