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[Ticker] Swedish military searching for Russian submarine

EU Observer - 20 October, 2014 - 07:58
Sweden’s military has spent the weekend searching in the waters off Stockholm amid three reports of undersea activity suspected of being linked to Russia. The Russian defence ministry denied reports that one of its submarines got into trouble in the area. The search continues Monday.

Paris, Berlin secretly discuss French budget deal

EU Active - 20 October, 2014 - 07:57

Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said yesterday (19 October).

The two governments are working on a written agreement under which France will provide the Commission with a detailed roadmap for deficit reduction and structural reform, the weekly reported, without naming its source.

[Ticker] Football clashes delay historic Albanian visit to Serbia

EU Observer - 20 October, 2014 - 07:56
A visit by Albanian PM Edi Rama to Serbia has been postponed until next month after political tensions between the two countries caused ethnic clashes at a Euro 2016 qualifying football match last week. The visit would be the first by an Albanian premier to Belgrade in 68 years.

[Ticker] Luxembourg to distribute iodine pills after French nuclear plant accidents

EU Observer - 20 October, 2014 - 07:56
A series of accidents at the French Cattenom nuclear power plant has prompted Luxembourg to offer free iodine pills to protect citizens in the event of a serious nuclear incident, Interior Minister Dan Kersch said, according to Luxembourg media. Distribution of iodine pills is standard procedure in France and Belgium.

Germany blames pro-Russian separatists for Malaysia airliner’s downing

EU Active - 20 October, 2014 - 07:53

Germany's BND, the first European foreign intelligence agency to say so, has concluded that pro-Russian rebels are to blame for the downing of Malaysia Airline MH17 in Ukraine in July, Der Spiegel weekly reported yesterday (19 October).

The crash over pro-Russian rebel-held territory in eastern Ukraine on July 17 killed all 298 passengers and crew and led to a further deterioration of ties between the West and Moscow, who are in dispute over Russia's role in the Ukraine crisis.

[Ticker] Zagreb mayor arrested over corruption charges

EU Observer - 20 October, 2014 - 07:51
Croatian police on Sunday arrested the mayor of Zagreb, Milan Bandic, and several of his associates on suspicion of corruption and abuse of office. The arrests took place at the request of Croatia's anti-corruption investigation agency USKOK. Bandic, a former Social Democrat, has lead the Croatian capital since 2000.

Credibility meets compromise in Europe's bank stress test

EU Active - 20 October, 2014 - 07:51

When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.

In practice, a spirit of comprehensive compromise has been just as important.

A series of Reuters interviews with officials, bankers and others involved in the European Central Bank's financial inspection of the eurozone's biggest banks shows that in the seven months since it began, the ECB has had to shoot down countless pleas from banks and national supervisors for special treatment.

Sweden suspects Russian submarine got stranded in its waters

EU Active - 20 October, 2014 - 07:41

Sweden yesterday (19 October) released a grainy photo of a mysterious vessel in waters around Stockholm, as its military hunted for a foreign submarine in the country's biggest such mobilisation since the Cold War.

The search in the Baltic Sea less than 50 km from the Swedish capital began on Friday. It reawakened memories of the final years of the Cold War when Sweden repeatedly hunted suspected Soviet submarines along its coast.

Europe’s unity is the best response to future challenges

EU Active - 20 October, 2014 - 07:22

Despite all of the challenges Europe faced in the last ten years, the continent remains united and open, and is now stronger and better able to face globalisation, writes José Manuel Barroso.

José Manuel Barroso is the outgoing European Commission president.

Over the past ten years, the European Union has endured a series of unprecedented crises, the likes of which we are unlikely to see again. But other, no less daunting challenges lie ahead, and we would do well to remember the lessons learned along the way.

EP Budgets Committee Chair: 'EU debt goes against treaties'

EU Active - 20 October, 2014 - 07:22

As member states present their 2015 budgets to the European Commission for examination, serious questions are being raised over the alarming state of the EU budget. President of the European Parliamentary Committee on Budgets Jean Arthuis says the Union's debts will reach €30 billion by the end of 2014.

[Ticker] 'Roma Pride' parades end in Hungary

EU Observer - 20 October, 2014 - 07:16
Around 500 people walked through Budapest on Sunday chanting "Opre Roma!" (Up Roma!) and holding placards of famous figures of ethnic-Roma background, like British actor Charlie Chaplin and Spanish footballer Jesus Navas. It was the last of 13 Roma Pride events around Europe in October.

Barroso: UK cannot get by without a little help from its friends

EU Active - 20 October, 2014 - 07:14

European Commission President José  Manuel Barroso will today (20 October) issue a plea to Britain not to isolate itself from Europe by picking fights over immigration, adding that EU membership boosts British international clout.

Britain's future in the 28-country trading bloc has been thrown into question by Prime Minister David Cameron, who has adopted an increasingly defiant stance on immigration to tackle the threat of the anti-EU UK Independence Party. UKIP's rising popularity threatens his bid for re-election in 2015.

Do We Need a Lender of Last Resort?

Ludwig von Mises Institute - 20 October, 2014 - 06:00

Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank. But do we really want central banks that reward insolvency and encourage inefficiency?

Blog Summary

Open Europe - 20 October, 2014 - 01:00
Barroso lets his hair down - and British media loves it

Blog Summary

Open Europe - 20 October, 2014 - 01:00
Legal challenges could pose new problems for EU sanctions on Russia

Daily Press Summary

Open Europe - 20 October, 2014 - 01:00
Barroso: There???s ???great willingness??? to accommodate UK concerns on Europe, but there are red lines

Reading the Road Map to a Police State

Ludwig von Mises Institute - 18 October, 2014 - 06:00

Radley Balko examines the history of government policing, lost rights, and the symbiotic relationship between the police state and the war on drugs.

Tom Woods: Champion of Libertarian Dissent

Ludwig von Mises Institute - 18 October, 2014 - 06:00

This weekend Tom Woods joins us to discuss his new book.

[Agenda] EU summit at risk of Belgian police strike This WEEK

EU Observer - 17 October, 2014 - 19:04
EU leaders will talk about climate change in Brussels next week, amid the risk of a Belgian police strike, while the EP wraps its screening of Juncker's commission.

Putin makes nice on Ukraine at EU-Russia mini-summit

EU Observer - 17 October, 2014 - 18:55
Putin has told EU leaders he wants pro-Russia rebels to make peace with Ukraine, amid scepticism on his true intentions.

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