Commission reports on progress in risk reduction in the Banking Union and calls for faster progress on Capital Markets Union ahead of EU Leaders’ meetings

This article is brought to you in association with the European Commission. Today, the Commission takes stock of the latest developments as regards risk reduction in the banking sector and progress towards an even more integrated and stable EU financial system. Financial stability has been considerably reinforced in recent years and risk reduction in the EU […]

The EU bows to Turkey in view of the talks for a political settlement in Syria

On 27 April 2015, in relation to the efforts to stem the refugee and immigrant flows to Europe, this newspaper predicted that “Turkey won’t cooperate”. Last Monday this prediction was not only confirmed but the European Union quasi accepted, that so far Turkey has done enough. The relevant passage of the Press release issued by […]

UK’s Cameron takes the field to speed up TTIP talks. Will “rocket boosters” work?

In the last few months negotiations over the Transatlantic Trade and Investment Partnership (TTIP) seemed to have slowed down significantly. TTIP talks have never been too lively but it looks like the growing critics and the loud protests of late summer and early autumn made the whole process reach a sort of deadlock. The huge interests, […]

An EU Summit without purpose

The most important news from the first day of the 27+1 EU leaders’ gathering (European Council) yesterday was that the Ecofin council of the 27 ministers of Finance managed to come up with an agreement over the bank resolution and recovery, and also that the EU Parliament agreed with the Commission on the Union budgets […]

The next 48 hours may change the European Union

A careful reading of the invitation letter the President of the European Council, Herman Van Rompuy, addressed yesterday to the 27 EU leaders for their 27 and 28 June 2013 meeting in Brussels reveals a lot about the European Monetary Union. This letter should be read in parallel with the announcement for today’s continuation of […]

EU leaders slammed on anti-tax evasion inaction and expensive energy

Only days after the 27 EU leaders gathered in Brussels on 22 May and decided that, “The supply of affordable and sustainable energy to our economies is crucial”, Eurostat, the EU’s statistical service, announced that, “in the second half of 2012 household electricity prices in the EU27 rose by 6.6% and gas prices by 10.3%”. […]