How will the EU face the migration crisis when the Turkish threats come true?

The European Parliament adopted a resolution on 24 November calling for the negotiations to be suspended between the EU and the Turkish government until the latter ends its suppressive and dominant response to July’s failed coup. But this decision has triggered immediate reactions by the Turkish and European sides. While the president of Turkey threatens to […]

Can the EU afford to block China’s business openings to Europe by denying her the ‘market economy status’?

The way Wallonia, Belgium’s French speaking region approved CETA – the comprehensive economic and trade agreement between the EU and Canada – is a rather dark landmark. In the future, Europe’s trade and otherwise relations with foreign countries will be rather shaky. This was also true in the past, but now became evident for everybody […]

Draghi tells the Parliament the ECB to use all its weaponry; euro slides to parity with the dollar

Undoubtedly, Mario Draghi’s speeches and comments are being carefully monitored, analyzed and discounted by government decision makers, capital market experts and of course the Press. Invariably, this was the case last week, when the President of the European Central Bank appeared before the European Parliament’s Economic and Monetary Affairs Committee. ECB’s accountability to the European […]

EU elections: The louder the threats and the doomsaying the heavier the weight of the vote

All mainstream political leaders of Europe in the socialist camp, the liberals and the center-right parties, invariably exorcise nationalism and populism, as the gravest threats to the EU project. They are quite right to do so. It’s not only the future of the EU which is at stake. Nationalism and populism already threaten the very […]

MEPs Anti-fraud votes for more votes?

Fellow Europeans, you don’t have to worry any more about corruption in the Old Continent. Our MEPs voted yesterday, Thursday 20 March, in favour of the penalisation of the action of stealing your paid taxes. Can an imprisonment penalty of up to 5 or 10 years really stop the “bad boys” from usurping the EU […]

168 hours left for MEPs – ECOFIN Council to deliver a Banking Union

Contradicting messages are emitted from a statement issued yesterday by the lead MEPs currently negotiating the details of the legislation on the Single Resolution Mechanism and Fund for Eurozone banks with the ECOFIN council. This legislation is set to complete the legal and structural background of the European Banking Union. The other pillar of the […]

EU Parliament: Follow the fraudulent money and confiscate it

In two parallel actions the European Parliament approved, with stormy majorities, two draft laws; one against money laundering and one more to facilitate the confiscation of fraudulently acquired assets. In the first case, the Economic Affairs and the Justice and Home Affairs committees amended a Commission proposal to list in public registers the ultimate owners […]

EU legislation protecting home buyers approved in Parliament

It was high time that the European Union authorities took action to protect home buyers from the insatiable appetite of banks. Mortgages constitute the standard tool for households to acquire, usually, their first home. For consumers this is a very long term engagement, especially for wage earners. Given the fact that mortgages may span up […]

The European Parliament wants to stay in one place

At last – it was high time that the European Parliament took the responsibility to determine its own agenda and of course to decide where it sits! For decades now legislators travel incessantly to and from between Brussels, Strasbourg and Luxembourg, running after timetables and squandering taxpayers’ money in travel expenses and hotel bookings. Thank […]

Council Presidency: Floundering with the EU 2014 budget

Yesterday the Lithuanian Presidency of the Council made another blunder and a very bad start in its relation with the European Parliament. After the Lithuanian Vice-Minister Algimantas Rimkūnas presented to the plenary of the Legislative the Council a proposal for the EU 2014 Budget, with which many MEPs strongly disagreed, the Lithuanian Presidency issued a […]