New EU rules cut red tape for citizens living or working in another Member State as of tomorrow

This article is brought to you in association with the European Commission. As of tomorrow, new EU rules to cut costs and formalities for citizens living outside their home country will start to apply across the European Union. Currently, citizens moving to or living in another EU country must obtain a stamp to prove that their […]

Member states jeopardising the rule of law will risk losing EU funds

This article is brought to you in association with the European Parliament. Governments interfering with courts or going easy on fraud and corruption will risk being stripped of EU funds, according to a draft law endorsed in committee on Thursday.   Assisted by a panel of independent experts, the EU Commission would be tasked with establishing […]

EU Summit/Migration: Parliament calls for joint solutions based on solidarity

This article is brought to you in association with the European Parliament. MEPs urge EU leaders to work out a solution to the current impasse on migration and asylum and stress their readiness to start talks to reform existing rules. Ahead of a crucial European Council, during which EU leaders will discuss how to best deal […]

Bureaucracy in the member states again the obstacle for long due strong European Hedge Funds

It has been a rough week for the European hedge funds industry. The deadline (22/07/2014) for the implementation date of the Alternative Investment Fund Managers Directive (AIFMD) has well passed and many fund managers ran to apply at the very last moment. Now it is time for the national authorities to review the applications and report whether they […]

The EU slowly exits from “Excessive Deficit Procedure” and hopefully from ‘Excessive Austerity Procedure’ too

Earier this week, on the 2nd of June, the European Commission (EC) decided to recommend to the EU Council of Finance Ministers to close the Excessive Deficit Procedure (EDP) for six countries. The reason why Austria, Belgium, Czech Republic, Denmark, the Netherlands and Slovakia must exit EDP is because these countries managed to lower their […]

Crisis hit countries cut down public spending on education

Despite an almost continuous but very moderate increase of government spending on education in absolute (euro) terms during the 2002-2012 decade the amount of public resources devoted to this end as a percentage of GPD either stagnated (2002-2007) or decreased (2009-2012), with the exception of a brief period between 2007-2009. During those three years educational […]

The EU spent €158 billion on vague, open-ended rural projects

The European Union spent €100 billion on rural development projects (RDPs) during the seven year period 2007 – 2013 with “little interest in the results achieved”. This is the main conclusion of the European Court of Auditors (ECA) report, after its members examined a number of rural investment programmes receiving EU finance. The member states […]

Parliament seals 2014 EU budget and the spending ceiling until 2020

Finally, the European Parliament, after obtaining from the Council (that is the member state governments) what was possible to squeeze out in these times of widespread austerity, yesterday approved both the 2014 budget and the 2014-2020 financial framework, which sets limits on EU’s spending for the next seven years. Yesterday, the Budgets Parliamentary Committee voted […]

It’s a week dedicated to all EU budgets; seven days that can make or break the Union

All EU member states budgets including the EU’s proper one will be under scrutiny this week in Brussels. Let’s start from the Union’s own budget for 2014. Today Monday, a Conciliation Committee, made up by the 28 representatives of the member states and 28 European legislators, has to agree on EU’s budget for 2014. Earlier […]