reforms of the EU. According to Politico, EU Commission officials are exploring legal scenarios in which they could undertake EU reforms without direct input from the European Parliament. The Commission [...] piece in The Times that “the EU is better with Britain in it and that Britain is better within the EU.” Juncker promised a “fair deal for Britain”, stressing that he would work with “pragmatism” in the talks [...] Commission wants to move the EU reform talks with Britain forward more quickly because it is worried that the refugee crisis is worsening the chances of a British In vote, Politico wrote. British Prime Minister
for misselling. Since 2010, several attempts of the European commission to expand the scope of protection of the directive failed due to the resistance of the member states. It remains to be seen whether [...] if private bondholders of Italian banks were excluded from bail-in, this would amount to an expansion of the existing scope of protection of the deposit guarantee system. The Italian government would [...] have participated in the losses (“bail-in”). cep financial expert Van Roosebeke: “This problem can be solved within the BRRD Directive. The directive allows for exceptions of the bail-in obligation for
new research paper, the organisation suggests that the UK could follow a so-called "Ukraine Plus" model and establish a relationship with the EU similar to that of the Eastern European state. ...read on
The Judgement of the Constitutional Court paves the way for Federal Minister for Economic Affairs Sigmar Gabriel to vote in favour of the agreement when it comes to the ballot in the Council of the European [...] there is no risk of any serious detriment, either to the rights of the applicants or to the German Bundestag's participation rights, such as would justify an interim injunction as part of an impact assessment [...] competence of the European Union, - that, until a decision has been passed by the Federal Constitutional Court in the main action, there must be sufficient democratic accountability for the resolutions passed
The collapse of the Portuguese bank seemed to have all the makings of a disaster. With little warning, a government in one of Europe’s most financially weak countries was suddenly confronted with a mu [...] rescue of Banco Espírito Santo. ... Analysts were wary on Monday of drawing too much reassurance from the relatively orderly way that Portuguese and European Union regulators managed the rescue. The government [...] readily available funds. “If the problem is too big and the country is too weak, it might be difficult,” said Bert Van Roosebeke, head of financial markets at the Center for European Policy, a research group
Bert Van Roosebeke told Spiegel Online he doubted that the details of the proposals will play a deciding role in the outcome of the referendum. “The debate is getting increasingly emotional,” Van Roosebeke [...] “delusion”, the news agency wrote. On Tuesday, Cameron said Britain could hold its EU membership referendum within "a few months" if other EU member states back the reform proposals announced by European Council [...] Cameron faced the wrath from fellow Conservatives in parliament on Wednesday, where he defended a deal to keep Britain in the EU, Reuters reported. Many British newspapers also trashed the deal, dubbing
states which fail to adequately guard the external borders of the European Union and do not take in a fair share of refugees could find themselves outside the borders of a future “mini-Schengen” zone, Reuters [...] Turkey and Lebanon.”If we do not do it in the external borders of the EU's 28 members, or in the Schengen zone, then maybe we will have to do it on the level of a mini-Schengen zone,” Dijsselbloem said [...] interview in Belgian business dailies De Tijd and L'Echo. See also our cepInput on the empirical and legal aspects of the refugee crisis.
Riga. “The Riga Eurogroup meeting will be a chance to take stock of talks,” Dombrovskis said. “Hopefully Greece will be able to provide a reform package for the next meeting in May.” Meanwhile, the head [...] willing to tackle decisive reforms. “To the contrary, the government is adopting measures which undo progress made so far,” Kullas said. “For this reason, the European institutions are well advised to prepare [...] head of the IMF's department in Europe, Poul Thomsen, told German business daily Handelsblatt that Greece's bailout talks had gathered “a little more momentum" but the two sides needed to make "significantly
Discussions in the European Central Bank about a possible large scale program for purchasing government bonds are well advanced, ECB Executive Board member Benoit Coeure told German daily Die Welt. “Last [...] “Last week, we discussed lots of technical details,” Coeure explained. “In any case, we will be able to take a decision on 22 January. Which does not mean that we have, in fact, already reached a decision [...] sense. “Yields on government bonds are already so low that it is questionable whether a QE program could bring any added value,” he said.
The European Central Bank has the right to undertake its OMT government bond purchasing program as a monetary policy measure, the advocate general of the European Court of Justice (ECJ) said Wednesday [...] because the ECJ grants the ECB an almost absolute leeway.” He would have preferred clearly defined limits for government bond purchases. “The advocate general, for example, could have said that the ECB can [...] Wednesday. However, the ECB would not be allowed any longer to set the fiscal and reform requirements for euro crisis states, which then become a condition for the OMT program itself. cep expert Bert Van Roosebeke