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Understanding Argentina’s Coming Default

Argentina’s government is on the verge of default yet again. How could this happen three times in thirty years? Well, the Argentine government has a habit of spending without restraint and then trying to cheat its creditors. But this time, it's run into a problem.

EU approves economic sanctions on Russia

EU Observer - 29 July, 2014 - 18:52
EU ambassadors have approved the so-called stage three - economic sanctions - on Russia, expected to enter into force on Friday.

EU agrees new sanctions against Russia

EU Active - 29 July, 2014 - 17:41

European Union governments Tuesday evening (29 July) agreed fresh economic sanctions targeting Russia’s oil and defence industries, state-owned banks and sensitive technologies, according to sources.

The EU had previously agreed sanctions against Russia for destabilizing Ukraine but it was spurred to further, broader action after the July 17 downing of the MH17 Malaysia Airlines flight by pro-Russian rebels.All 298 passengers, including 194 Dutch citizens, died in the tragedy, which saw relations with Moscow plummet to their worst since the Cold War.

[Ticker] Four Putin 'cronies' to be added to EU blacklist

EU Observer - 29 July, 2014 - 16:37
EU ambassadors have agreed to expand an existing Russia blacklist by eight individuals and three entities. Out of the eight persons, four are "cronies" close to Russian President Vladimir Putin. The names will be published in the EU official journal Wednesday. The list currently includes 87 individuals and 20 organisations.

[Ticker] EU ambassadors approve economic sanctions on Russia

EU Observer - 29 July, 2014 - 16:32
EU ambassadors have approved a raft of economic sanctions against Russia, banning EU citizens and companies from trading Russian bonds, as well as selling weapons to or importing them from Russia, exporting technology for oil exploration and items with military and civilian use. The sanctions will enter into force Friday.

Ex-Kosovo paramilitaries face war crimes indictment

EU Observer - 29 July, 2014 - 16:31
Senior officials in a former paramilitary group in Kosovo are to be indicted for war crimes and other crimes committed against humanity once a purpose-built court has been created.

Elections boosted belief that Europeans have a voice

EU Active - 29 July, 2014 - 15:56

Despite the victory of Euroscepticism in the EU elections, more Europeans believe their voice counts in the EU than ever before. EurActiv France reports.

According to a survey by the European Commission (25 July), the image of the European Union has improved.

Russia sanctions threaten to blow eurozone off course

EU Active - 29 July, 2014 - 15:19

The knock to confidence from harsher European sanctions on Russia could spoil the eurozone's budding economic recovery even if it shrugs off the fallout on trade.

Following months of hesitation, the European Union will seek on Tuesday (29 July) to seal the first broad economic sanctions on Russia - its third-biggest trading partner - following the downing of a Malaysian airliner over territory controlled by pro-Moscow rebels in eastern Ukraine.

[Opinion] Stopping the wave of asylum seekers means fixing Libya

EU Observer - 29 July, 2014 - 15:10
Supporting a king in Libya may be the only way to reduce the flow of migrants risking their lives crossing the Mediterranean.

German economist group attacks European banking union

EU Active - 29 July, 2014 - 14:55

A group of professors in Germany has filed a complaint against the EU’s new banking supervisory mechanism before the German constitutional court, claiming the European banking union has no legal basis in the EU treaties. EurActiv Germany reports.

EU meets to thrash out economic sanctions on Russia

EU Active - 29 July, 2014 - 14:24

EU diplomats met to forge a deal on Tuesday (29 July) on the bloc's first broad economic sanctions on Russia, to try to force President Vladimir Putin to defuse the crisis in Ukraine.

After months of hesitation from the European Union, the downing of a civilian flight over Ukraine earlier this month, killing all 298 people on board, has strengthened the bloc's resolve to act and bear the brunt of any possible economic measures against Russia.

KLA guerrillas harvested murdered Serbs’ organs, say EU investigators

EU Active - 29 July, 2014 - 12:41

Kosovo Albanian guerillas murdered Serbs and sold their organs but there is not yet enough evidence to bring the guilty to justice, the chief prosecutor of an EU backed team of international investigators said today (29 July).

“There are compelling indications that this practice did occur […] and that a small number of individuals were killed for the purpose of extracting and trafficking their organs,” Clint Williamson told reporters at a Brussels news conference.

[Ticker] France nominates Moscovici as EU commissioner

EU Observer - 29 July, 2014 - 10:19
France has nominated former finance minister Pierre Moscovici as its EU commissioner candidate, eyeing the economics portfolio, AFP reports. Moscovici was picked over former EU affairs minister Elisabeth Guigou, despite future EU commission chief Jean-Claude Juncker calling on member states to send more female candidates.

[Ticker] Russia may ban EU fruit imports

EU Observer - 29 July, 2014 - 09:06
Russia could block fruit imports from the EU, Alexei Alexeyenko, an advisor to the chief of Russia's food inspection service said. The ban is likely as "fruit moths" had been detected in European imports, Alexeyenko said, Ria Novosti reports. The move is seen as retaliation to EU economic sanctions.

[Ticker] France to take in fleeing Iraki Christians

EU Observer - 29 July, 2014 - 08:54
French authorities on Monday announced it is ready to welcome in Iraki Christians fleeing the violence and persecution by Islamist militants, reports Le Figaro. "We are ready, if they so desire, to help facilitate asylum on our territory," said France's foreign minister and interior minister in a joint statement.

[Ticker] Privately-funded migrant rescue team set to launch

EU Observer - 29 July, 2014 - 08:53
A couple in Malta is set to launch its own privately funded migrant search and rescue operations in the Mediterranean in August, reports the Independent. The couple have spent over €4 million of their own personal wealth to purchase two drones, a 40-metre boat and hired medical and technical crew.

[Ticker] Bank of Cyprus raises €1bn

EU Observer - 29 July, 2014 - 08:53
The Bank of Cyprus on Monday said it raised its capital based by €1bn through share sales, reports Reuters. Depositors, many of them Russian, were forced last year to convert their savings above a €100,000 threshold into shares as part of a larger controversial rescue deal.

[Ticker] Russia to appeal $50bn fine

EU Observer - 29 July, 2014 - 08:52
Russia said it would appeal a decision by an international court to settle a $50bn fine for expropriating former oil producer Yukos. Russian's finance ministry described the ruling as "flawed", "one-sided" and "politically biased" and that the court in the Hague "had no jurisdiction", reports the BBC.

[Ticker] Sarkozy campaign probe launched

EU Observer - 29 July, 2014 - 08:51
French authorities have launched a probe into illicit funding of Nicolas Sarkozy's 2007 presidential campaign, reports Le Parisian. The paper says the campaign allegedly benefited from a system of fake invoices and fraud. Sarkozy, who is rumoured to seek a return to the presidency, has seven other cases against him.

Obama, EU leaders agree on Russia sanctions

EU Observer - 29 July, 2014 - 08:28
The leaders of Britain, France, Germany, Italy and the US held a conference call on Monday and agreed to impose economic sanctions on Russia as it continues to support the war in eastern Ukraine.

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