Friday, 9 August 2013

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Lib Dems set to officially endorse in/out referendum and Treaty change to secure single market safeguards
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Between a rock and a hard place: Is Spain breaching EU law by making life difficult for Gibraltarians?
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IMF takes a more critical line on Greece 
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Daily Press Summary

Brazil set for fresh clash with IMF and eurozone after calling for reform of Greek bailout 
In an interview with the FT, Brazilian Finance Minister Guido Mantega said he believed the fiscal adjustment in Europe is generally “excessive,” adding that both he and Paulo Nogueira Batista, Brazil’s IMF representative, were of the view that “the rescue programmes for Greece and other countries of the periphery of the euro area need to be revised and improved so as to provide better chances of recovery”. Separately, Greek Deputy Prime Minister Evangelos Venizelos said in an interview with theIndependent that Greece is “two-thirds” of the way through its crisis. Reuters reports that Greek Finance Minister Yannis Stournaras said this morning that the eurozone will eventually require a “common debt market”. 
FT FT 2 Independent: Venizelos Reuters EUobserver

UK population growth outstrips much of Europe as Germany lags
Data released yesterday showed that the UK’s population grew by 0.7% from mid-2011 to mid-2012, compared to 0.5% in France and 0.2% in Germany. Open Europe’s Raoul Ruparel is quoted on the front page of City AM saying, “Germany faces a shrinking and ageing population over the next few decades. The negative impact this has on economic growth may yet give it pause as it faces up to the realities [of potential transfers to other eurozone countries and the burden of being the key driver of economic growth in the single currency.]”
CityAM Mail Express
Writing in City AM, Matthew Elliott, Chief Executive of Business for Britain, argues that given its size the UK has the ability to secure a “bespoke” deal that keeps it within the EU rather than opting for an “off the peg” solution similar to that of Norway or Switzerland. On Conservative Home, Elliott cites Open Europe’s Trading Places report which looks at the costs and benefits of alternative models to EU membership.
Open Europe research: Financial Services Open Europe research: Trading Places Evening Standard: Leader CityAM: Elliot Conservative Home: Elliott
The Evening Standard reports that, according to an online poll conducted by the Chartered Institute for Securities & Investment, 56% of respondents want to stay in the EU compared with 44% who want to leave, with only 11% in favour of the status quo.
Evening Standard

The Cypriot government yesterday released a roadmap for the removal of its capital controls, which will see them removed in stages with internal controls lifted first and external ones later. Progress is linked to key milestones such as the resolution and consolidation of the country’s cooperative banks.
Cyprus Mail Famagusta Gazette EUobserver
Beppe Grillo, leader of Italy’s Five-Star Movement, told Bloomberg Businessweek, “I’m beyond the euro. The euro is no longer a problem. We’re already outside the euro…The real problem is the [public] debt.” He declined to say how he would vote in a referendum on Italy’s euro membership – which his movement is proposing. 
Economist: Leader Economist Businessweek: Grillo Il Sole 24 Ore La Stampa WSJ

Germans are exposed to €86bn in European Financial Stability Facility loans which were effectively issued to support struggling eurozone countries, the German Finance Ministry has revealed. Separately, the Federal Economy Ministry announced this morning that the German economy “grew strongly during the spring.” 
German Finance Ministry Welt Welt 2 German Economy Ministry Reuters France Reuters Deutschland

Following the failure of Jiri Rusnok’s government to win a no confidence vote, there will be a vote next week on whether the Czech Parliament should dissolve itself and trigger snap elections, which may take place as soon as October
IHT DW Reuters WSJ BNE Presseurop HN

Dutch daily Trouw reports that the EU awarded the University of Groningen €6.6m in subsidies to encourage more women into full professorship.
Trouw RUG

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