According to the European Commission both countries missed the deadline to correct their deficits. Spain was not able to meet the target of 4.2% of GDP set by the Commission – instead Spain`s deficit reached [...] a deficit of 4.4%. On Tuesday (July 12) European finance ministers will decide whether to back the move to fine Spain and Portugal. Should the recommendation by the Commission be approved, the two euro [...] euro area countries could be hit with fines as well as a partial suspension of funding commitments.
Berlin marking the 10th anniversary of the cep strictly rejected the idea of introducing a common deposit guarantee scheme on the European level right now. “On this I’m quite stubborn,” the minister said [...] Schaeuble acknowledged that Germany could be outvoted by the other member states on this point. „But they will not do this,” he reckoned. See also our cepInput on the matter.
Soir, the EU Commission will present the plan on Tuesday. European Council President Donald Tusk said recently in an interview with the Guardian and five other European newspapers that “this wave of migrants [...] The EU Commission considers introducing a permanent external border control force that could be deployed even without the respective EU member state’s consent, the Financial Times and The Wall Street Journal [...] migrants is too big not to stop them.” See also our cepInput on the empirical and legal aspects of the refugee crisis.
scenarios in which they could undertake EU reforms without direct input from the European Parliament, Politico cited sources. According to the news item, the Commission wants to move the EU reform talks with [...] worried that the refugee crisis is worsening the chances of a British In vote. British Prime Minister David Cameron has said he would present his EU reform demands in a letter to European Council President [...] in early November. The Sun reported recently that Cameron was told by senior ministers in his government to delay the referendum on Britain’s EU membership until the second half of 2017 so he can claw
The EU Commission will debate the Polish situation at its regular meeting next Wednesday. The debate itself marks the first step of a special rule-of-law monitoring process created in 2014, the EU Observer [...] and media shake-up there is little prospect of invoking article 7 of the EU treaty (suspension of Council voting rights for egregious violations of EU norms), the EU Observer reported. “Now we are in discussions [...] Reuters reported. “The European Union should not think about applying any sort of sanctions against Poland, because that would require full unanimity and Hungary will never support any sort of sanctions against
states back the reform proposals. cep economist 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 [...] for The Times newspaper, taken in the two days after British Prime Minister David Cameron set out a proposed EU reform deal, showed 45 percent of Britons would vote to leave the EU compared with the 36 [...] reported. European Council President Donald Tusk had published the draft terms for a new EU membership deal for Britain on Tuesday. The YouGov survey found that just 22 percent of voters agree that the deal
sovereign bonds of 3,2 billion euros held by the European Central Bank fall due. In September, the Greek government has to repay 1,5 billion euros to the International Monetary Fund (IMF). [...] Negotiators from the European Commission, ECB, IMF and ESM began official talks over the terms of a third, probably three-year aid program for Greece, totaling up to 86 billion euros. "Already now, it [...] it seems that the negotiations will be difficult and that they could last longer than expected. It is also possible that they will fail“, says cep economist Matthias Kullas. On 20 August 2015 Greek sovereign
to block the Brexit Agreement if their demands are not taken into account. In the following, Brexit negotiations could produce a "Ukraine Plus Model". This is the conclusion reached by the authors [...] authors of the latest cep Adhoc .
political scientist at the Center for European Politics in Freiburg, Germany, said that the differences of opinion between the member states are so big that it's difficult to see a remedy in the near future. Whereas [...] solutions to joint difficulties should take place at the EU level, he said. "These problems are not suddenly going to disappear. For the next few years, the EU is going to be at a standstill," said Van Roosebeke
The EU Commission said in its winter forecasts released on Thursday that the overall growth outlook has changed little since the autumn but that the risk that growth could turn out worse than forecast [...] longer than previously assumed, the Commission said. They include low oil prices, favourable financing conditions and the euro's low exchange rate. At the same time, risks to the economy are becoming more [...] Pierre Moscovici said the European economy was successfully weathering new challenges this winter, supported by cheap oil, the euro rate and low interest rates. “Nonetheless, the weaker global environment