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[Ticker] IMF confirms Ireland can repay bailout loans early

EU Observer - 13 August, 2014 - 08:28
Ireland is considering an early repayment of its €22.5bn loan from the IMF to save interest rates of 4.99% - twice the cost of borrowing on the markets, reports the Irish Times. IMF’s Craig Beaumont confirmed in a letter that no penalty fee would apply in case of early repayment.

EU countries give France green light to arm Iraqi Kurds

EU Observer - 13 August, 2014 - 08:27
EU countries have moved a step closer to sending arms to Iraqi Kurds to help them fight the Islamic State.

EU gives go-ahead to states sending arms to Iraqi Kurds

EU Active - 13 August, 2014 - 07:42

The European Union failed on Tuesday (12 August) to agree on a joint position on supplying weapons to Iraqi Kurds battling Islamic State militants, but said individual members could send arms in coordination with Baghdad.

Iraqi Kurdish President Masoud Barzani asked the international community on Sunday to provide the Kurds with weapons to help them fight the militants, whose dramatic push through the north has startled world powers.

Germany open to sending military aid to Iraq government

EU Active - 13 August, 2014 - 07:13

Germany's foreign minister has raised the possibility of sending military assistance to the Iraqi government, saying he would discuss further steps with European partners following a dramatic push by Islamic State militants through northern Iraq.

Frank-Walter Steinmeier 's comments, along with similar statements from two other ministers, marked a shift in tone from the German government which on Monday (11 August) said it did not send arms to conflict zones. In the last few months Berlin has announced a more restrictive policy on arms exports and a more muscular foreign policy.

Carl Menger’s Revolution

Ludwig von Mises Institute - 13 August, 2014 - 06:00

Menger, Walras and Jevons are credited with creating the marginal revolution in economics. Carl Menger's contribution to this revolution, however, should be regarded as something distinct, unique, and more rigorous.

The Importance of Literary Criticism from a Free-Market Perspective

Ludwig von Mises Institute - 13 August, 2014 - 06:00

There’s a lot of exciting work being done in the field of literary studies, which isn’t usually known for its sound economics.

Daily Press Summary

Open Europe - 13 August, 2014 - 01:00
Number of Bulgarian and Romanian migrants employed in UK up by 9%; UK could strip non-residents??? right to £10,000 personal tax allowance

[Ticker] Ashton backs EU-Vietnam trade deal by year-end

EU Observer - 12 August, 2014 - 16:42
EU foreign relations chief Ashton said on Tuesday she hopes the EU will conclude a free-trade agreement with Vietnam before the end of 2014. She was speaking following meetings with Vietnamese ministers in Hanoi. The EU is already Vietnam's largest export market, shipping goods worth €21 billion per year.

[Ticker] Spain set to request €337mn compensation from Russian food ban

EU Observer - 12 August, 2014 - 16:41
Spain is to become the latest EU country to demand compensation for its farmers if, as expected, they are hit by a Russian import ban. Madrid has estimated that agricultural losses will total €337 million, worth 1.8 percent of Spanish exports. It will meet with the European Commission Thursday.

Mr Juncker, do not scrap science!

EU Active - 12 August, 2014 - 15:48

We should be worried that the European Commission’s chief scientific adviser position is under attack as an incoming EU president prepares to review legislation on GMOs, write Marcel Kuntz and John Davison  

Marcel Kuntz is the research director at CNRS, Laboratoire de Physiologie Cellulaire Végétale, Grenoble, France. John Davison is a retired research director at INRA Versailles, France.

Showdown looms as Red Cross shuns Russian aid convoy

EU Active - 12 August, 2014 - 13:44

A Russian aid cavalcade of 280 trucks destined for eastern Ukraine may be blocked at the border, as it is not being accompanied by any staff from the International Committee of the Red Cross (ICRC), a core demand of the Kiev government.  

With Ukraine reporting 45,000 massed Russian troops on its border, NATO has cited a "high probability" that Moscow could intervene militarily in the country's east, where Kiev's forces are encircling pro-Russian separatists.

Blog Summary

Open Europe - 12 August, 2014 - 12:00
German 'crackdown' on EU citizens??? access to benefits: what does it involve?

Blog Summary

Open Europe - 12 August, 2014 - 10:00
Italy slips again into recession: time for Renzi to re-focus his reform plans?

Blog Summary

Open Europe - 12 August, 2014 - 09:00
Is Germany emerging as the biggest obstacle to a liberal EU-US trade deal?

EU demands crackdown on Gibraltar tobacco smuggling

EU Observer - 12 August, 2014 - 08:30
Spain and Gibraltar have been told to crack down on cross-border tobacco smuggling by the EU’s anti-fraud watchdog.

Uncertainty surrounds Russian 'aid' convoy to Ukraine

EU Observer - 12 August, 2014 - 08:25
The Red Cross says it has no agreement to govern what will happen when Russian “aid” trucks arrive at Ukraine’s border.

[Ticker] Record turnout expected in Scottish referendum

EU Observer - 12 August, 2014 - 08:21
September's independence referendum may attract the biggest turnout in Scotland's history, national party leader Alex Salmond has predicted. But Scotland will stay in the UK according to a YouGov poll, with 55% against and 35% for independence. Only 27% of women back independence, according to a Scottish Social Attitudes survey.

[Ticker] Slowdown in German economy, reports OECD

EU Observer - 12 August, 2014 - 08:20
Economic growth is likely to remain weak in Germany over the coming months, according to so-called composite leading indicators (CLIs) reported by the OECD Monday. In the euro area as a whole and in France, the Paris-based organisation reported a stable growth momentum and in Italy a positive growth momentum.

[Ticker] Swedish politician says he's Mitterrand's son

EU Observer - 12 August, 2014 - 08:20
A 25-year old Swedish politician has emerged as another love child of France’s former Socialist President Francois Mitterand. The young conservative Hravn Forsne, who will run in Sweden's general election on 24 September, says he met his elderly and "secret" father "five or six" times before he died in 1996.

[Ticker] Turkey's ruling party to select new PM in August

EU Observer - 12 August, 2014 - 08:18
Turkey's ruling AKP party will hold a party congress on 27 August to select a new prime minister after Recep Tayyip Erdogan won the country's first direct presidential election on Sunday with 51.79%. Challenger Ekmeleddin Ihsanoglu, a former chief of the world's largest Islamic body, the OIC got 38.44%.

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