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Credibility meets compromise in Europe's bank stress test

20 Octobre, 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

20 Octobre, 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

20 Octobre, 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'

20 Octobre, 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.

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

20 Octobre, 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.

Poroshenko says 'basic parameters' of Russia gas deal agreed

17 Octobre, 2014 - 15:18

Russia and Ukraine have agreed on the outlines of a contract to resolve their dispute over gas supplies, Ukrainian President Petro Poroshenko said on Friday after a meeting Russian President Vladimir Putin and the leaders of France and Germany.

EU, Singapore conclude investment protection talks

17 Octobre, 2014 - 14:56

The European Union has concluded talks on a free trade deal with Singapore by adding investor protection clauses, which critics like Germany say give multinationals too much power.

Roma NGOs win civil society prize

17 Octobre, 2014 - 14:45

SPECIAL REPORT: Three civil society organisations from Slovakia, Greece, and the Czech Republic won the European Economic and Social Committee (EESC) civil society prize Thursday (16 October) for outstanding achievements in integrating Roma at the local level.

Successful approaches to energy efficiency in housing show the way

17 Octobre, 2014 - 13:16

Member States are expected to bring the 2030 Energy & Climate objectives closer to people’s housing needs, next week. Responsibility and innovation, resident empowerment and financial schemes are all parts of the strategic mix, writes Marc Calon.

Chinese investments soar in crisis-hit Europe

17 Octobre, 2014 - 12:56

Since 2010, China has steadily increased its investments in Europe, particularly in the countries worst affected by the crisis. In return, investors can benefit from attractive residency policies. EurActiv France reports

Thousands of African child migrants feared in thrall to Italian traffickers

17 Octobre, 2014 - 12:36

Thousands of migrant children are disappearing after arriving in mainland Europe, triggering concerns that they are falling prey to a new and thriving market for child trafficking and forced labour.

Member states' positions on 2030 climate and energy targets revealed

17 Octobre, 2014 - 12:12

EXCLUSIVE: European Union leaders will meet next week in Brussels to try and agree on targets to reduce greenhouse gas emissions, increase renewable energy and improve energy efficiency. Documents obtained by EurActiv have revealed the negotiating positions of member states ahead of these crunch talks. Check the data table below or click here for full screen.

 

Ukraine’s painful realities

17 Octobre, 2014 - 09:50

There is one thing that neither fans of Russia nor patriots of Ukraine in Odessa or Nikolayev can dispute: all totally agree that Russia attacked Ukraine, writes Ramūnas Bogdanas.

Ramūnas Bogdanas is a commentator at EN.DELFI.LT.

Odessa and Nikolayev, where I gave lectures, are part of the so-called zone of Novorossia (New Russia) which Russia dreams of uniting with the stolen Crimea and the zombified Transnistria further east, ripped away from Moldova. And it is a loop that would cut Ukraine off from the sea.

Juncker to request Parliament’s approval on 22 October

17 Octobre, 2014 - 08:55

The European Parliament has set the hearings of Slovenia’s commissioner-designate Violeta Bulc, and, Slovakia’s Maroš Šefčovič, for Monday (20 October), opening the way, if everything goes well, for a vote on the entire team of President-elect Jean-Claude Juncker, on 22 October.

The Parliament’s committee on Transport and Tourism (TRAN) will audition Bulc starting at 19.00 hours local time, in Strasbourg. The committees for Industry, Research and Energy (ITRE) and on the Environment, Public Health and Food Safety (ENVI) will hold their hearing with Šefčovič simultaneously.

Serbia gives Putin imperial welcome

17 Octobre, 2014 - 07:56

Serbia feted Russia's Vladimir Putin with troops, tanks and fighter jets yesterday (16 October) to mark seven decades since the Red Army liberated Belgrade, balancing its ambitions for  European integration with enduring reverence for a big-power ally deeply at odds with the West.

The display of military power, at a moment when the West says Russian troops are making war in Ukraine, laid bare the balancing act Serbia - a candidate for membership of the European Union - has been forced into by a crisis recalling the Cold War.

Embrace big data to educate Europe

17 Octobre, 2014 - 07:50

Big data offers the opportunity to transform the education sector in Europe, writes Olivier Dumon, but he calls on the EU Commission to embrace policies to enable this to happen.

Olivier Dumon is managing director for academic and government markets for science and technology at Elsevier, a part of the Reed Elsevier publishing company. 

How digital can unlock the trillions-euro opportunity

17 Octobre, 2014 - 07:47

The opportunities of re-launching Europe's digital sector are huge. The industry can play its part with fruitful and positive collaboration. But much can and should be done by promoting a new, modern wave of digital policies, writes Luigi Gambardella.

Luigi Gambardella is Chairman of the European Telecommunications Network Operators (ETNO).

Digital Commissioner: Kroes on coding

17 Octobre, 2014 - 07:43

SPECIAL REPORT: Coding is not just for the techies, according to Digital Commissioner Neelie Kroes. It will have an increasingly important role in citizens’ everyday lives and that’s just one reason to make sure this global "language" is taught to children at school.

Stalling growth in the eurozone spurs markets' anxiety

17 Octobre, 2014 - 07:42

After a two-year siesta, the eurozone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.

This is not euro crisis 2.0, at least not for now. The bond market is nervous but not seething with contagion as it was in 2010-12. This week's global market sell-off was provoked by weak US and Chinese data, adding to concerns about a global slowdown.

‘Stress test’ measures EU’s ability to survive without Russian gas

17 Octobre, 2014 - 07:37

Ahead of the 23-24 October EU summit, on Thursday (16 October), the Commission presented a first-ever analysis of the consequences of a disruption of Russian gas supplies, or even a complete halt of such imports to the Union, and neighbouring states. The result, which was not difficult to predict, is that some countries would be much more affected than others.

With the winter approaching and the Ukraine crisis still smouldering, the Commission said it wanted to have a clear picture of where the biggest shortfalls would arise and how they could be mitigated.