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Franco-German “pact for competitiveness” faces resistance
It is widely reported that the set of proposals put forward by
EU leaders also failed to reach an agreement on expanding the eurozone’s rescue fund, as they only stated that it must have the “necessary effectiveness” to tackle any eurozone problems. Without an agreement on the “pact for competitiveness”, German support for expansion of the bailout fund remains unlikely. European Council President Herman Van Rompuy is now expected to hold bilateral discussions with eurozone leaders in an attempt to form a consensus by March – widely seen as the deadline for a deal in order to calm the markets.
On the
Open Europe research BBC FT EurActiv European Voice WSJ EUobserver Le Monde Guardian FT Weekend Expansion 2 WSJ AFP FT Irish Times Irish Independent WSJ Expansion Independent: Lagarde
Eurozone comment round-up
In the FT, Wolfgang Münchau argues that the current approach taken by EU leaders, including the “pact for competitiveness”, is failing to tackle the crisis of the banking sector, the eurozone’s biggest problem. He also expects both
In an interview with FAZ, Citigroup’s chief economist Willem Buiter argues that a rescheduling of Greek and Irish debt is virtually unavoidable.
A comment piece in the Irish Times argues that the constitutional cap on government borrowing (aka “debt brake”), which Germany is trying to push through, would have done little to help Ireland in the current crisis. It would have done nothing to prevent or predict the banking collapse and may have made the ensuing bailout illegal, leaving
Writing in Sunday’s FAZ, Economics Editor Christian Siedenbiedel criticised the Franco-German plans to harmonise wage and tax policies in the eurozone. He argued that “more central economic planning is not only harmful, but it contradicts the European idea, in which Europeans saw competition as the engine of prosperity.” “A single economic policy deprives weak countries of their greatest opportunity: to lower wages and taxes more than other countries – thereby making their products cheaper on world markets,” he added.
FT: Münchau Irish Times: Leader FAZ: Buiter El Pais: Estefania WSJ: leader WSJ: Real Time Brussels blog FAZ: Siedenbiedel Coulisses de Bruxelles Economist: Charlemagne
Third robbery in two years at the European Parliament
It is widely reported that, during the European Council summit on Friday, two men – one of them armed – entered the European Parliament’s post office in
Policy Exchange:
A report by think-tank Policy Exchange has urged the Government to leave the Strasbourg-based European Court of Human Rights (ECHR), warning that the
Speaking on the BBC’s Today programme, Policy Exchange Director Neil O’Brien said: "Although it is not an easy or simple thing to cut our ties with the court, it is possible, and we argue that for a whole series of reasons we should now cut our ties with the court because it is, increasingly by trivialising and over-extending the concept of human rights into areas where it really doesn't belong [...] it's really undermining support for human rights."
BBC Mail Mail: comment Sunday Telegraph: Palmer Sunday Times BBC: Today Policy Exchange report Conservative Home: Montgomerie
The Telegraph reports that a three-day junket by 75 MEPs to
Writing in the Sunday Telegraph to mark the paper’s 50th anniversary, its longest-serving columnist Christopher Booker looks back on his 21 years of campaigning against the EU. He argues that EU legislation has “amounted to a mutation in the nature of our governance […] The consequence is that we are now ruled by a vast maze of bureaucratic structures, not answerable to Parliament […] The power of elected politicians at all levels of government has been immeasurably diminished.”
Sunday Telegraph: Booker Open Europe research
An article in the FT Weekend looked at the European Court of Justice’s expected ruling on whether “gender-based pricing” for pension annuities amounts to unlawful discrimination and noted: “No matter that women’s greater longevity is a biological fact. No matter that annuities ultimately pay the same to women as to men over their lifetimes. It seems that an unelected, unaccountable cabal of judges in
The Independent on Sunday noted that the Conservative Party is not planning to opt in to a new EU Directive on human trafficking, despite it being voted by almost all
It is widely reported that disagreements between EU leaders at last Friday’s summit meant that the declaration on
FT EurActiv European Voice FT Brussels Blog EUobserver El Mundo Le Figaro BBC: Hewitt
EUobserver reports that
Writing in Gazeta Wyborcza, Polish President Bronisław Komorowski has said he hopes cooperation of the Franco-German-Polish “Weimar group” will help Poland and Europe to achieve its objectives in terms of security, a good EU budget for the next seven years, and the development of Eastern Europe in “our desired direction.”
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