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'Battle' begins over renewed budget talks
The European institutions are set for “a long battle” over budget negotiations, a senior MEP has said. Alain Lamassoure, the chair of the European Parliament's budgets committee said on 13 March that...
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EU Cyprus 10 bln bailout with a twist
Author(s): NEOnline The Eurogroup meeting schedule to end at 22:00 on 15 March in Brussels at the European Council went on later than expected but found a solution for Cyprus' banks to escape...
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The Cyprus experiment and the legitimisation of money laundering
Author(s): Christos Kissas Since saving Dexia, the troubled Franco-Belgian bank, costing around €100 billion, the benefit from a 10% levy on Cyprus banks’ deposits, amounting to less than €6 billion,...
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Van Rompuy to retire in 2014
Author(s): NEOnline|AC The President of the European Council, Herman Van Rompuy is to retire from politics at the end of his current mandate. The announcement was made on a Belgian TV show on Sunday, a...
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Cyprus: crossing the Rubicon [DOSSIER]
Author(s): New Europe team Stay up to date with all the developments on the financial crisis in Cyprus. Will the government's Plan B be enough to avoid bankruptcy? Will the levy on deposits become a...
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A real Banking Union
Author(s): Eleni Stamatoukou The European Parliament and the Council have reached agreement on a banking supervision legislation that will entrust the European Central Bank (ECB) with bank supervisory...
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The president may go, but the name will live on forever
Author(s): KassandraEuropean Council President Herman van Rompuy told Belgian television on 17 March that, at the end of his present mandate in 2014, he will retire from politics. But, he said to the...
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EU banking union should ‘protect citizens’
Author(s): Cillian Donnelly A European banking union should represent the interests of the citizens and not those of the financial sector, a senior MEP has said. Speaking at an open conference of...
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Eurogroup chief: Cyprus bank levy no threat to EU savings
Author(s): Cillian Donnelly The introduction of a levy on savings deposited in Cyprus does not represent a threat to the savings deposit guarantee scheme in Europe, the head of the Eurogroup, Jeroen...
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EU postpones Japan summit
Author(s): Andy Carling Monday's much anticipated EU Japan summit in Tokyo has been postponed, a casualty of the Cyprus Eurogroup talks, scheduled to start on Sunday.In a joint statement, European...
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Russian Duma deputy appeals to EU to be receptive to Cyprus
Author(s): Kostis Geropoulos MOSCOW – The situation in Cyprus may trigger the collapse of the European Union’s economic system because Brussels bureaucrats have ruined the trust of their citizens to...
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Eurogroup deal on Cyprus - deposits under 100,000 Euro safe
Author(s): New Europe team The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic adjustment programme. This agreement is supported...
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Fear and loaning in Cyprus bailout
Author(s): Andy Carling The reaction to the Eurogroup deal on both sides of the Atlantic has been a mixture of cautious relief and amazement that things escalated to such a crisis. The Sunday summit,...
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Cyprus deal reached as bankruptcy looms
Author(s): Cillan DonnellyEuropean leaders have reached a deal on a new bailout for Cyprus, as the European Central Bank (ECB) deadline on suspension of funds to the country’s banks threatened to...
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A taskforce for Cyprus
Author(s): Alia PapageorgiouIn the midst of the regular midday briefing which occurs most working days in Brussels, unless a summit or other exceptions appear the President of the European Commission...
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EU-US co-operation ‘game changer’
Author(s): NEOnline The increased business relationship between the European Union and the US will “be a game changer,” according to the European Commission. The comments come as the US Treasury...
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A Drug Strategy for Europe
Author(s): Eleni Stamatoukou A meeting of EU Drug Coordinators took place in Dublin Castle on the 8th and 9th April. The meeting was held under the Irish Presidency in accordance with the EU Action...
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EU seeks to emulate US business investment
Author(s): Andy Carling After a second day of meetings at the Eurogroup meeting in Dublin, the Irish Finance minister Michael Noonan has said that there needs to be a radical overhaul of how business...
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Lithuania’s EU Presidency tests Russia
Author(s): Kostis Geropoulos BAKU – Vilnius is going to boost European energy security when it assumes the rotating EU Presidency in July, Lithuanian Prime Minister Algirdas Butkevicius told New Europe...
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Hammarberg investigating human rights in Georgia
Author(s): Andy Carling Thomas Hammarberg, the EU’s special representative for Georgia will issue a report on human rights in the country in September. He has stressed that he is not going to decide on...
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