Eurozone News
1.3K views | +0 today
Follow
Eurozone News
Latest news about the European Common Market and the EURO.
Curated by pdeppisch
Your new post is loading...
Your new post is loading...
Scooped by pdeppisch
Scoop.it!

Operation Self-Deceit: New Documents Shine Light on Euro Birth Defects - SPIEGEL ONLINE

Operation Self-Deceit: New Documents Shine Light on Euro Birth Defects - SPIEGEL ONLINE | Eurozone News | Scoop.it
Newly revealed German government documents reveal that many in Helmut Kohl's Chancellery had deep doubts about a European common currency when it was introduced in 1998. First and foremost, experts pointed to Italy as being the euro's weak link.
more...
No comment yet.
Rescooped by pdeppisch from GarryRogers Biosphere News
Scoop.it!

EU forces Britain into whalemeat trade, says minister

EU forces Britain into whalemeat trade, says minister | Eurozone News | Scoop.it
Whale hunters are sending their catches to Japan via British ports by taking advantage of a European Union rule on the free movement of goods, according to the fisheries minister. Meat fro

Via Wildlife Defence , Garry Rogers
more...
No comment yet.
Rescooped by pdeppisch from Fiscal Policy & Regulation
Scoop.it!

IMF tells EU it must give Greece unconditional debt relief

IMF tells EU it must give Greece unconditional debt relief | Eurozone News | Scoop.it
Fund’s debt assessment calls for ‘upfront and unconditional’ debt relief for Athens or it will refuse to part-fund latest bailout

Via Graham Watson, Bruce Fellowes
more...
Graham Watson's curator insight, May 23, 6:25 PM
The other international story - those 'crazy' Greeks! The Guardian are reporting that the IMF are insisting on debt relief for Greece before they commit to funding the next tranche of the bailout. This throws up some interesting scenarios going forward. One wonders if the Leave campaign will make anything of this...
Scooped by pdeppisch
Scoop.it!

Rethinking refugees

Rethinking refugees | Eurozone News | Scoop.it

" Editors’ Note: In dealing with the ongoing migrant crisis in Europe, improving capacity is one obvious policy recommendation, Dan Byman writes. Greece and Turkey, in particular, need help with border security and with vetting refugees. The bigger, longer-term issue, however, remains that of integration. This post originally appeared on Lawfare.

Last October, before the Islamic State’s terrorist attacks in Paris and Brussels, I argued that the security risks from Syrian refugees are, in general, low, but the potential ones are considerable if the crisis is handled poorly. In particular, I worried that refugees with no links to terrorists would be let into the West in a fit of generosity, but then ignored, mistreated, and marginalized over time—making them potential supporters of terrorism."

more...
malek's comment, May 20, 8:57 AM
Europe and the North America must wrestle with the question of risk and integration, in that order
pdeppisch's comment, May 20, 5:34 PM
Yes - and there will be people who slip through and will kill - grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr And easy for me to say - as I live in Canada and we took in 10,000. If Canada did the same as Germany then Canada would have taken in 500,000 and the stated 3 million. :)
Rescooped by pdeppisch from Economics in Education
Scoop.it!

Brexit isn’t to blame for slowing UK growth. It’s more serious than that

Brexit isn’t to blame for slowing UK growth. It’s more serious than that | Eurozone News | Scoop.it
The US economy is running at a sluggish pace, so there may be pressure for the Bank of England to lower interest rates even further this week

Via Bruce Fellowes
more...
No comment yet.
Rescooped by pdeppisch from Fiscal Policy & Regulation
Scoop.it!

IMF threatens to pull out of Greek rescue

IMF threatens to pull out of Greek rescue | Eurozone News | Scoop.it
Christine Lagarde issues warning in letter leaked three days before eurozone finance ministers discuss help for Athens

Via Graham Watson, Bruce Fellowes
more...
Graham Watson's curator insight, May 7, 1:41 AM

I told you that this was the coming story...this Guardian article - replete with typos - highlights the fact that the IMF are reluctant to continue supporting Greek rescue plans unless there's some debt restructuring.


Christine Lagarde, the Managing Director of the IMF, is reputed to written that "For us to support Greece with a new IMF arrangement, it is essential that the financing and debt relief from Greece’s European partners are based on fiscal targets that are realistic because they are supported by credible measures to reach them".


And without continued IMF support, the current bailout package looks unsustainable.

Scooped by pdeppisch
Scoop.it!

Germany Follows Cameron's Lead On The EU Workforce

Germany Follows Cameron's Lead On The EU Workforce | Eurozone News | Scoop.it
What is spreading is instead the idea that EU mobile workers are foreign workers who should not be entitled to the same social rights as local workers. David Cameron’s request to limit in-work benefits for European workers, presented in the framework of negotiations to avoid Brexit, has been accepted without a second thought. Even though, in concrete terms, the concessions to the UK do not amount to much, they give legitimacy to a perverse conception of intra-EU mobility which is likely to further endanger the European project.
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

EU to draw up tax haven blacklist - BBC News

EU to draw up tax haven blacklist - BBC News | Eurozone News | Scoop.it
Finance ministers have endorsed the move, which is to be completed by the end of the summer.
The European Commission says nations on the tax blacklist should be sanctioned if appeals for change go unheeded.
The leak of millions of files from Panama law firm Mossack Fonseca revealed how the rich and powerful use tax havens to hide their wealth.
more...
No comment yet.
Rescooped by pdeppisch from Welfare, Disability, Politics and People's Right's
Scoop.it!

Trevor Phillips's documentary on Muslims was shocking - but not surprising

Trevor Phillips's documentary on Muslims was shocking - but not surprising | Eurozone News | Scoop.it
‘Our findings will shock many people,’ promised Trevor Phillips at the beginning of What British Muslims Really Think (Channel 4,…

Via britishroses
more...
No comment yet.
Rescooped by pdeppisch from Free trade and inequality
Scoop.it!

TTIP: EU exporters worry about US harmonisation issues

TTIP: EU exporters worry about US harmonisation issues | Eurozone News | Scoop.it
The EU is negotiating a trade and investment deal with the US that is supposed to harmonise standards to avoid unnecessary double testing, but in the US standards and norms are often set locally and not on a federal level.
For Europe, this means that the central promise of the Transatlantic Trade and Investment Partnership (TTIP) might not be kept because US negotiators are not actually in a position to decide on these regulatory issues.

On 15 March, the TTIP advisory board for Germany's economy minister Sigmar Gabriel discussed this problem.

Via Svend Aage Christensen
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

Uncertain Future: Weaknesses Emerge in EU-Turkey Refugee Deal - SPIEGEL ONLINE

Uncertain Future: Weaknesses Emerge in EU-Turkey Refugee Deal - SPIEGEL ONLINE | Eurozone News | Scoop.it
The EU is praising the first deportations this week from Greece to Turkey as a breakthrough for the recent refugee agreement with Ankara. But it was little more than a show. Many believe the deal will fail to survive the expected legal challenges.
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

Gambling With The Future Of Greece

Gambling With The Future Of Greece | Eurozone News | Scoop.it
The latest flare up regarding Greece has followed publication by Wikileaks of illegally taped discussions among IMF officials. To analyse the significance of this event it is vital to bear one point in mind: Greece cannot meet the terms of the bailout agreement struck on July 2015 by Prime Minister, Alexis Tsipras. The agreement is effectively dead and all parties involved are aware of that, even if they are not openly admitting it.

An Impossible Agreement

To establish this point there is no need to engage either in Debt Sustainability Analysis, or in macroeconomic projections of output. Suffice to mention that the agreement requires Greece to ensure a primary surplus of 3.5% of GDP in 2018.
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

Greece: Endgame for the IMF-EU Feud over Greece's Debt - SPIEGEL ONLINE

Greece: Endgame for the IMF-EU Feud over Greece's Debt - SPIEGEL ONLINE | Eurozone News | Scoop.it
Though talks are now taking place mostly behind the scenes, negotiations over another bailout program for Greece have not come to an end. On Saturday, Wikileaks published the transcript of an internal International Monetary Fund (IMF) phone conference.

A discussion between high-ranking IMF officials reveals the bitter divide between the lenders and how they're still far from reaching a sustainable solution for the financial crisis in Greece. Yanis Varoufakis, Greece's former minister of finance, sees parallels to the situation one year ago, when he was negotiating a credit line with the IMF, the European Commission and Euro zone member states. In an op-ed for SPIEGEL ONLINE, he describes his fears of a showdown between Greece and its lenders this summer.
more...
No comment yet.
Rescooped by pdeppisch from The greed oligarchy and their puppets
Scoop.it!

As expected #EU states fail to reach deal to tackle company tax avoidance #corruption #politics

As expected #EU states fail to reach deal to tackle company tax avoidance #corruption #politics | Eurozone News | Scoop.it
By Francesco Guarascio BRUSSELS, May 25 (Reuters) - European Union finance ministers failed on Wednesday to agree new rules to counter tax avoidance and defe...
Via CineversityTV
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

EU-Turkey: Nothing's really new on the Turkish front

EU-Turkey: Nothing's really new on the Turkish front | Eurozone News | Scoop.it
Since last autumn, parties in the EU-Turkey game have been engaged in an immoral relationship. Bilateral as well as multilateral meetings have been going on at an rate not seen for the last 6-7 years.

EU circles had made a decision toward the end of last summer that “Refugees and asylum-seekers of Syrian and other origins are entering the EU territory via Turkey. This huge human displacement which has proved to be unmanageable for us can be only prevented by Turkey. Everything should be done to make this happen.”

What does that “everything” include? It includes: Giving money to Turkey; making sure Turkey will readmit rejected asylum-seekers, resettling refugees directly from Turkey; preventing more refugees from entering Turkey; pretending to reheat Turkey’s EU membership bid; promising Turkish citizens that they would get visa exemptions by June; turning a blind eye to more and more cases of human rights violations in Turkey; lending direct or indirect support to the regime in Turkey.

This strategy has been in place since October 2015. Its results so far are as follows:
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

The ECB Grants Debt Relief To All Except Greece

The ECB Grants Debt Relief To All Except Greece | Eurozone News | Scoop.it
It looks like Greece may get some debt relief. There is as yet no certainty about this because some German politicians continue to conduct rear-guard battles to prevent it. What is certain, however, is that all Eurozone countries, with the exception of Greece, have been enjoying debt relief since early 2015. That may seem surprising to the outsider. Some explanation is necessary here.
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

EU Austerity And The Brain Drain From The South

EU Austerity And The Brain Drain From The South | Eurozone News | Scoop.it

"The debate on the sustainability of the European single currency seems to have focused exclusively on the requirement that EU member states comply with the macro-economic financial parameters established by the dictates of austerity policies. The absence of any collective reflection on how to boost structural economic development is astonishing at a time when many European countries – particularly around the Mediterranean – are dismantling the physical and human infrastructure of basic research and academia. It instead reflects the belief, grounded in neoclassical economic theory, whereby markets alone should govern economic development."

more...
No comment yet.
Rescooped by pdeppisch from The uprising of the people against greed and repression
Scoop.it!

How the economy is stagnating after a year of #Cameron #Tory government in 6 charts #UK

How the economy is stagnating after a year of #Cameron #Tory government in 6 charts #UK | Eurozone News | Scoop.it
On 7 May 2015 - exactly a year ago - David Cameron’s Conservatives won a surprise majority in the general election, their first outright majority since 1992 under John Major.
Via CineversityTV
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

EU has 'too many part-time Europeans' - Juncker - BBC News

EU has 'too many part-time Europeans' - Juncker - BBC News | Eurozone News | Scoop.it
EU leaders say the 28-nation bloc lacks a coherent European vision and is being undermined by national self-interest.
"We have too many part-time Europeans," said European Commission President Jean-Claude Juncker. It is the Commission's job to draft EU laws.
He and other EU leaders spoke in Rome in a debate on the state of the EU.
Mr Juncker - a former Prime Minister of Luxembourg - said the old "shared sentiment" of common policy-making in the EU "has totally gone".
The man who chairs EU summits, European Council President Donald Tusk, said the EU's priority must be to make its external borders secure in the current migrant crisis.
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

German Government Plans Controversial New Law to Combat Money Laundering - Handelsblatt Global Edition

German Government Plans Controversial New Law to Combat Money Laundering - Handelsblatt Global Edition | Eurozone News | Scoop.it
Germany is starting a new offensive to shake its image as an El Dorado for money laundering, making it easier to seize potentially illegitimate assets
more...
No comment yet.
Rescooped by pdeppisch from Fiscal Policy & Regulation
Scoop.it!

EU Big Five launch tax crackdown - BBC News

EU Big Five launch tax crackdown - BBC News | Eurozone News | Scoop.it
The EU's five largest economies agree data exchange on "beneficial owners" of companies and trusts, a move described by George Osborne as a "hammer blow" against tax secrecy.

Via Graham Watson, Bruce Fellowes
more...
Graham Watson's curator insight, April 15, 2:30 AM
In the aftermath of the leak of the 'Panama papers', the five largest EU economies have sought to crack down on tax avoidance by sharing information. Is it good economics? Will it increase the tax take? Or is it just populist?
Scooped by pdeppisch
Scoop.it!

The Brexit Alarm

The Brexit Alarm | Eurozone News | Scoop.it
I have no special expertise on the question of whether Britain should leave (or “Brexit”) the European Union. True, I did live in the United Kingdom until a bit less than a year ago. And here in California, we have our own Brexit-like debate, with a movement to place a proposal to secede from the United States on the November ballot. But while the idea of California independence might seem comical, the Brexit referendum on June 23 is no laughing matter.
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

Fortress Europe: An Interactive Map Of The EU's Growing List Of Security Barriers

Fortress Europe: An Interactive Map Of The EU's Growing List Of Security Barriers | Eurozone News | Scoop.it
As unilateral border closures create riskier conditions for people on the move – and bottlenecks within transit countries – Refugees Deeply provides an overview of the barriers between European states, across the Mediterranean and North Africa and in the Caucasus.

It is August 2014 and the border police at Evros state their reasons to be proud. They have successfully deterred “illegal crossings” at the border between Greece and Turkey, which has been a migration frontier for decades.

The 8 mile (12.5km) fence and a government-led sweep of illegal migrants that started on August 2, 2013, effectively thwarted a majority of crossings. According to police records, between August 2013 and January 2014, 1,710 people were arrested at the Evros border, compared to 35,258 in the previous six-month period.

From January to April 2014, the arrivals at Evros were only 441, a manageable number compared to the months prior to the fence, when an average of 400 people would cross over every day.

“Just before August 2013, we had arrested 6,000 people here and after erecting the fence it fell to 45 by next January,” explained the chief of border patrol.
more...
malek's comment, April 11, 5:59 PM
Great analysis with the map..why I'm not astonished at EU fragility? It never touched Europe core.
Scooped by pdeppisch
Scoop.it!

With Friends Like These...: Erdogan's Assault on Freedom and Democracy - SPIEGEL ONLINE

With Friends Like These...: Erdogan's Assault on Freedom and Democracy - SPIEGEL ONLINE | Eurozone News | Scoop.it
Celil Sagir doesn't have much left to lose. On March 28, he was fired, shoved aside. Now, he can talk about what is currently happening in Turkey and describe what it looks like when one man subordinates an entire country.
more...
No comment yet.
Scooped by pdeppisch
Scoop.it!

Spying on Friends? Atmosphere of Distrust Hinders EU Anti-Terror Cooperation - SPIEGEL ONLINE

Spying on Friends? Atmosphere of Distrust Hinders EU Anti-Terror Cooperation - SPIEGEL ONLINE | Eurozone News | Scoop.it
The man who wants to explain the psyche of Germany's foreign intelligence service is sipping a cappuccino and talking about the abduction of German tourists in the Sahara Desert a few years ago. A crisis committee was meeting at the Foreign Ministry in Berlin, and agents at the Federal Intelligence Service (BND) in Pullach, outside Munich, were trying to figure out how to get information about the kidnappers. Human lives were at stake, the pressure considerable.


The French intelligence services had good sources in the region, but they were unwilling to share their information with the Germans, so the BND decided to spy on the French to gain access to it. This was how it came about that the Germans spied on a government agency in a friendly country, one they treated as one of their closest political allies. Friendly? Allied? These are not categories with which the man with the cappuccino is familiar in his work.
more...
No comment yet.
Rescooped by pdeppisch from Investors Europe, Gibraltar
Scoop.it!

EU-Turkey Deal Smacks of WW2 'Secret Betrayal' of Russian, Pole Migrants @digitalnapoleon

EU-Turkey Deal Smacks of WW2 'Secret Betrayal' of Russian, Pole Migrants @digitalnapoleon | Eurozone News | Scoop.it
There is growing concern over a lack of preparation for the plan to send migrants back from Greece to Turkey, two days before it goes into effect.

Via Investors Europe Stock Brokers
pdeppisch's insight:

The EU's deal with the Devil for migrants is reminiscent of The Secret Betrayal http://www.ihr.org/jhr/v1/v1n4p371_lutton.html where Russians an poles were sent back to Russia to face certain death or the Gulags. There are no guarantees for the migrants but there is a certainty - that many hundreds millions of Euros will end up in the private pockets of the people that run Turkey..

more...
Investors Europe Stock Brokers's curator insight, April 2, 7:06 AM

The EU's deal with the Devil for migrants is reminiscent of The Secret Betrayal http://www.ihr.org/jhr/v1/v1n4p371_lutton.html where Russians an poles were sent back to Russia to face certain death or the Gulags. There are no guarantees for the migrants but there is a certainty - that many hundreds millions of Euros will end up in the private pockets of the people that run Turkey..