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New on the Open Europe Blog When it comes to giving the EU’s court power over crime and policing Conservatives should not “let matters rest there”  Open Europe Blog Commission banking union plans met with scepticism  Open Europe Blog Has Martin Schulz been receiving some good PR advice recently? Open Europe Blog
Daily Press Summary Chris Howarth: Removing ECJ jurisdiction over policing and criminal justice should be an aim of EU renegotiation  Writing on Conservative Home, Open Europe’s Christopher Howarth argues, “On Monday, MPs will be asked to vote on the Coalition’s policy to opt out of EU crime and policing measures and then opt back in to 35 of them, including virtually all the significant ones…When the time comes for a wider renegotiation, the Conservative part of the Coalition should make it clear we will not let the EU court continue to have control over our justice system. We should not, in William Hague’s words, ‘let matters rest there’.” Conservative Home: Howarth Open Europe research Open Europe research 2 Economist French Economy Minister: FTT proposed by European Commission “risks backfiring” French Economy Minister Pierre Moscovici told a conference yesterday, “The financial transaction tax creates concerns with regard to the industrial future of Paris as a financial centre and the financing of the French economy…The [European] Commission’s proposal looks excessive to me, and risks backfiring.” Open Europe blog Le Monde La Tribune Open Europe’s Pawel Swidlicki appeared on BBC Radio Five Live’s Wake up to Money programme this morning discussing the prospects of success in the on-going EU-US free trade negotiations. No link DWN features Open Europe’s flash analysis of the European Commission’s proposals for a Single Resolution Mechanism for the banking union, which noted that using the single market as the legal base could set a worrying precedent for the UK and other non-eurozone countries. Open Europe flash analysis Telegraph: Persson DWN FT: Leader Portuguese President’s proposal for “national salvation” pact sends borrowing costs up The interest rate on Portugal’s ten-year bonds is over 7% again this morning, after Portuguese President Aníbal Cavaco Silva was seen as rejecting a deal reached by Prime Minister Pedro Passos Coelho with his junior coalition partner, the People’s Party (CDS-PP), and proposed a “national salvation” agreement between the ruling coalition and opposition Socialist Party until Portugal exits its bailout programme in June 2014, followed by early elections. Open Europe’s Raoul Ruparel appeared on CNBC this morning discussing the situation in Portugal and other southern eurozone countries.  Jornal de Negócios Diário Económico 2 Euractiv Reuters Reuters 2 Jornal de Negócios 2 Diário EconómicoPúblico Les Echos Süddeutsche In an interview with Bild, asked if he could guarantee that no German financial assistance to Greece would be written off after the German elections, German Finance Minister Wolfgang Schäuble replied, “I guarantee that I will do everything to ensure that the [Greek bailout] programme will be successful.”  Bild The Telegraph reports that, as part of the 1.7% increase in the European Parliament’s spending in the draft 2014 EU budget, expenditure on the salaries of MEPs and EU officials is set to go up by 4.4% to over £833m, while funding for ‘European political parties’ is set to increase by 9% to £87m. Telegraph  Spain’s opposition Socialist Party “doesn’t rule out” putting forward a no-confidence motion if Prime Minister Mariano Rajoy fails to give explanations about the allegations that he received illegal cash payments from his party’s former treasurer Luis Bárcenas.  El Mundo US regulators and the European Commission have reached a deal on how to supervise the swap derivatives market, ending months of deadlock on regulating transatlantic swap trades, reportsReuters. Reuters City AM European Voice Silvio Berlusconi said this morning that he expects to be cleared of tax fraud charges by Italy’s Supreme Court on 30 July, and insisted his “loyal support” to the country’s coalition government continues. Repubblica Il Sole 24 Ore The FT reports that the European Commission is considering designing new legal mechanisms to ensure that member states adhere to democracy and the rule of law. The move follows a report adopted by MEPs last week accusing Hungary of rolling back democratic checks and balances. FT In an interview with Handelsblatt, ECB Chief Economist Peter Praet warns that the ECB is facing “possible overload” as the “eurozone was founded with few institutions capable of taking action.” No Link EUobserver reports that the EU staff rules agreed last week will bind former employees to notify the EU of their new jobs for two years after leaving to avoid potential conflicts of interest. EUobserver Luxembourgish daily Wort reports that Jean-Claude Juncker, who stepped down as Prime Minister earlier this week over the recent spying scandals in the Grand Duchy, will run again as candidate for the centre-right CSV party in the early elections expected in October. Wort FAZ FAZ 2 FAZ: Nonnenmacher Süddeutsche