European Union

Plenary sessions : The EU Capital Markets Union (CMU) should provide a new, more efficient way to channel savings into small business ventures and protect cross-border investors in the EU, says a non-binding resolution voted on Thursday. MEPs want CMU building blocks, such as a wider range of investment choices, risk mitigation tools and clear information on investment opportunities across the EU to be in place by 2018, so as to complement bank financing. The CMU project was launched earlier this year.

Source : © European Union, 2015 - EP

Germany v Commission
SANT
The Court, in line with the General Court, confirms the Commission’s ban against Germany retaining its limit values for arsenic, antimony and mercury in toys

Commission v Ireland
SOPO
The Commission has not succeeded in establishing that Ireland has failed to fulfil its obligations under the Working Time Directive for Non-Consultant Hospital Doctors

InnoLux v Commission
Competition
The Court confirms the €288 million fine imposed on InnoLux for its participation in the cartel on the market for LCD panels

K and A
Area of Freedom, Security and Justice
Member States may require third country nationals to pass a civic integration examination prior to family reunification

Commission v France
State aid
France has failed to fulfil its obligations by failing to recover aid amounting to €220 million granted to SNCM for certain ferry services between Marseille and Corsica

The services of the European Commission are currently reflecting on the follow-up to the Strategy for equality between women and men 2010-2015 (COM (2010) final). The EU's trade policy has not yet been fully integrated into this Strategy, providing an opportunity for the INTA committee to consider whether and how gender issues should be dealt with in the context of the EU's trade policies. Article 8 TFEU provides that “in all its activities, the Union shall aim to eliminate inequalities, and to promote equality between men and women.” The trade policy issues that are discussed by the European Parliament's INTA committee can have differing gender impacts across the various sectors of the economy. Understanding the gender dimension of trade agreements better will therefore contribute to better policy making and to ensuring that both sexes can take advantage of the benefits of trade liberalisation and be protected from its negative effects.
Source : © European Union, 2015 - EP

Source : © European Union, 2015 - EP

Little over a month ago, Greek Prime Minister Alexis Tsipras was still claiming that his party’s electoral victory last January had put an end to bailout programmes. A few days ago, he told the Greek people that a ‘No’ vote in the Greek referendum would lead to a deal with Greece’s creditors within 48 hours. More than 48 hours after the ‘No’ vote, there is no deal and his government has formally requested a third bailout programme.

This request coupled with Mr. Tsipras’ decision to replace controversial Finance Minister Yannis Varoufakis might produce the impression that the Greek government’s position has shifted closer to that of its creditors and that an agreement has become more likely. Sadly, this is not the case. Since the Greek government decided to abandon negotiations with its creditors to hold a referendum, the distance between the Greek government’s position and that of its creditors has grown greater.

The Greek people rejected the last offer that Greece was made before their government abandoned negotiations with its creditors. Additionally, the Greek government’s request for a third bailout programme has raised the issue of debt relief yet again. Greece’s creditors, however, have indicated that a third bailout programme will require Greece to accept stricter conditions than those included in the offer that the Greek people rejected. As far as debt relief is concerned, German Chancellor Angela Merkel was perfectly clear: ‘There can be no question of a haircut’.

Given that the distance between the Greek government and its creditors has increased, an agreement seems unlikely. Even if the Greek government agrees to stricter conditions than those that the Greek people have rejected, ratification of such an agreement by the Greek parliament cannot be guaranteed. In fact, the large margin by which the Greek people rejected the last offer of Greece’s creditors and the fact that their offer was rejected in every single constituency suggest that the seats of those MPs who might vote against stricter conditions are safe.

An agreement without stricter conditions might be possible, if Greece’s EU partners decided that ensuring the irreversibility of Eurozone integration is more important than enforcing compliance with Eurozone rules. Ratification of such an agreement by national parliaments cannot be guaranteed either. Opposition to additional financial assistance to Greece runs at about 70% amongst the German public. The seats of those MPs who might approve such financial assistance would not be safe.

Several months ago, then SYRIZA MEP Manolis Glezos had the integrity to apologise to the Greek people for his role in creating the ‘illusion’ that SYRIZA’s electoral victory would put an end to bailout programmes. Mr. Tsipras should follow his example. Not only has his government requested yet another bailout programme for Greece, but it also seems to have placed itself in a position, from which an agreement on a third programme seems unlikely.

Kyriakos Moumoutzis is a Lecturer in European and International Politics at King’s College London.

 

The post Mr. Tsipras owes the Greek people an apology appeared first on Ideas on Europe.

OPINION on the proposal for a regulation of the European Parliament and of the Council amending Council Regulation (EC) No 1236/2005 concerning trade in certain goods which could be used for capital punishment, torture or other cruel, inhuman or degrading treatment or punishment
Committee on Foreign Affairs
Barbara Lochbihler

Source : © European Union, 2015 - EP

Source : © European Union, 2015 - EP

A lot will be written about today’s vote in the European Parliament on Trade Committee Chair Bernd Lange’s own-initiative report on TTIP. In the immediate aftermath of the vote, we noted that:

1. Rules can work in your favour if you have the right position

The European Parliament’s President Martin Schulz followed the Rules of Procedure to the letter, though he frequently had to read directly from the rules to explain his decision to his fellow parliamentarians on the voting priority of amendments. Schulz brought to vote Amendment 117 — that of Socialist & Democrats (S&D) member and International Trade Committee rapporteur Bernd Lange — to amend the paragraph about Investor-State Dispute Settlement (ISDS). Speaking of ISDS, it is important to…

2. Keep the mind limber to solve complicated cases

The most contentious point was the Parliament’s position on Investor-State Dispute Settlement (ISDS). Using a rhetorical Houdini-like escape act, the Parliament adopted a position which simultaneously allows MEPs to say that they have ‘killed’ ISDS while supporting work to develop a system for settling disputes between investors and states. The paradoxical amendment will prove difficult for many minds. It will result in reams of analysis between now and the end of this year. Most importantly, it could provide a pressure-release valve that creates space for constructive debate. Undoubtedly, the crafting and advancement of amendment 117 by Schulz and Lange, both part of the Socialist and Democrats (S&D) group, has consequences for internal cohesion as…

3. Political group fragmentation continues

It is even clearer that the political groups fragment easily, as we have noted in the past. There will be many simmering disagreements that may impede intra-group collaboration even outside of trade policy. The fragmentation inside parties is not the only problem. Between groups, rancor has increased as smaller groups attempt to remain relevant while they are not always necessary coalition partners. As a result…

4. The hemicycle can still deliver heated debate

The heated exchange between EP President Schulz and two members of the Greens group — Yannick Jadot (FR) and Reinhard Bütikofer (DE) — over the application of the Rules of Procedure revealed the confrontation. The applause and boos from the deputies provided political theatre rarely seen in sleepy Strasbourg. If only the dome of the hemicycle really did glow brighter as the volume in the chamber increased. Energetic words about TTIP will fly between the benches and the President’s desk again, because…

5. This is not the last time we will hear from the EP on TTIP

Let us not forget that the European Parliament had already in 2013 issued its opinion on TTIP when it adopted the resolution of former International Trade Committee Chairman Vital Moreira. And, once agreed, the Treaty of the European Union requires the Parliament’s consent to the final text of TTIP. That will be an even more passionate debate.

 

 

Michael Stanton-Geddes

Plenary sessions : Copyright rules haven't caught up with today's technological world. For example, consumers are sometimes denied access to online content because of the country they live in. German Greens/EFA member Julia Reda wrote an own initiative report on copyright to feed into upcoming proposals by the European Commission to update current legislation. MEPs debate the report on Thursday 9 July and vote on it afterwards. Check out our infographic and follow the debate.

Source : © European Union, 2015 - EP

Plenary sessions : A reform of the EU Emissions Trading Scheme (ETS), informally agreed with the Latvian Presidency of the Council, was endorsed by Parliament on Wednesday. The reform is intended to reduce the surplus of carbon credits available for trading in order to support the price of the emission rights. The scheme will start operating in 2019.

Source : © European Union, 2015 - EP

Plenary sessions : The EU and its member states should make multinationals report their financial performance, tax details, assets and employee numbers country by country, so as to help fight tax evasion and illicit money flows in developing countries, says Parliament in a non-binding resolution voted on Wednesday. MEPs also call on EU financial institutions to ensure that companies receiving EU support do not “participate” in tax evasion.

Source : © European Union, 2015 - EP