First day of Italian elections sees sharp decline in turnout;
Beppe Grillo’s final election rally draws a crowd of around 800,000The first day of the Italian general elections yesterday saw low turnout with only 55% voting – a 7.4% decline compared with the previous general elections in 2008. Turnout was generally much higher in the north than in the south of the country. Polling stations will close this afternoon at 3pm (CET), and the first exit polls will be released immediately after that.
At his last campaign rally in Rome on Friday, which reportedly drew a crowd of around 800,000, comedian Beppe Grillo said, “I never said that I want to leave the euro. I’ve asked for a referendum, and it will be for the Italian people to decide whether to leave or not.” In a letter to Saturday’s Guardian, Open Europe’s Vincenzo Scarpetta argued, “Grillo’s Five-Star Movement looks set to win a significant number of seats in both chambers of the Italian parliament…making it a strong anti-austerity and anti-euro opposition force, and a constant populist thorn in the side of the next Italian government.” Vincenzo was also quoted by Saturday’s Independent. Open Europe’s Director Mats Persson wrote about the significance of Beppe Grillo’s poll rise on his Telegraph blog.
Cypriot bailout moves closer as centre-right candidate wins runoff election;
DPA poll: 63% of Germans are against a Cypriot bailoutNicos Anastasiades, the centre-right candidate, was yesterday elected President of Cyprus winning 57.5% of the vote in the runoff election – the highest vote share in 30 years. Following his election, Anastasiades warned that Cyprus is “a systemic risk for the eurozone” but promised to “restore the credibility of Cyprus in Europe and internationally”. The new government is looking to finalise a deal on a eurozone bailout as soon as possible, with talks set to take place at the mid-March EU summit and meeting of eurozone finance ministers, and a deal expected by the end of March. Ahead of the election Anastasiades did warn that he may seek to delay sweeping privatisations for “perhaps three years”, according to the FT.
German Interior Minister: Abuse of free movement could be “explosive” for European solidarityIn an interview with Saturday’s Rheinische Post, German Interior Minister Hans-Peter Friedrich said that he was worried that, after the expiry of transitional controls on the free movement of Bulgarian and Romanian workers next year, “Organisations that specialise in helping citizens from poorer countries to illegally access German social services will spring up like mushrooms.”
Friedrich added that abuse of free movement “could be explosive for European solidarity. If people in Germany feel that their solidarity and openness is being abused and our welfare system is looted then there will be legitimate anger. The message for the EU Commission is clear: Brussels has to take stronger account of situation of the local population in its decision making process.” Friedrich added that more must also be done to ensure that EU spending via the European Social Fund in poorer member states is effective to prevent large-scale migration in the first place.
Open Europe's Pieter Cleppe is quoted by Deutsche Wirtschafts Nachrichten warning that Spain’s political and economic challenges are far from over, with the country needing to find €548bn over the next three years to finance its central government and regions.DWN
The Federation of German Banks (BdB) has warned against overly strict EU rules on bankers’ bonuses with the general manager Michael Kemmer saying that "the proposal of the European Parliament goes too far."Handelsblatt FAZ
France will need new measures to increase tax revenue by €6bn in 2014French Budget Minister Jérôme Cahuzac announced on
Europe 1 this morning that France will need to raise a further €6bn in tax revenue next year to keep its tax take stable from 2013, which features a number of one-off measures.
Les Echos notes that on Friday EU Economic Commissioner Olli Rehn hinted that he may be willing to delay France’s deficit target for this year.
La Tribune Les Echos FT Weekend FT Weekend 2
De Volkskrant reported over the weekend that the European Commission looks likely to give the Netherlands more time to meet its 3% budget deficit target due to the number of structural reforms which the government has undertaken.Volkskrant
In a speech on Friday, German President Joachim Gauck addressed the issue of the UK’s EU membership, arguing that “We would like you to stay with us. We need your experience as the oldest parliamentary democracy, we need your traditions, your pragmatism and your courage”. Gauck also suggested that English should be the EU’s main language.Saturday’s Independent Saturday’s Guardian Saturday's Mail
The BBC reports that all NHS doctors, including those from the EU, will have to prove they can speak a "necessary level of English" before they are allowed to practise.BBC Guardian Telegraph
Kathimerini reports that Greece will enter discussions with the EU/IMF/ECB Troika today, over the possibility of encouraging Greeks with deposits abroad to return them to Greece. The Greek government is keen to avoid the move being labelled as a ‘tax amnesty’ however. The troika rejected a similar proposal in November.Kathimerini Kathimerini 2 Kathimerini 3
Bild reports that the German Bundesbank is set to make less than €1bn profits in 2013, whereas the German budget envisaged €1.5bn in revenues from the Bundesbank.Welt Focus
In a speech today BIS Minister Michael Fallon will announce plans to audit all EU directives issued over the past 15 years to look for ‘gold plating’. He will say the UK will in future aim to do no more than the “minimum necessary” when implementing EU laws, according to the Mail on Sunday.Mail on Sunday
EU agriculture ministers will meet today to discuss the horsemeat scandal including the labelling and traceability of meat.BBC