Chris Gilson takes a look at the week in Brussels blogging.
The EU Centre
EU Logos at Blogactiv.eu looks at the European Parliament’s call for a directive on basic banking services, as 30 million adult Europeans lack a bank account. Later, they discuss the creation of a European observatory for cultural and religious pluralism, which will focus on the plight of religious minorities throughout the world.
Blogging at Blogactiv.eu, Giovanni Pittella MEP says that the EU now needs to unite to fight financial speculation, especially in the form of High Frequency Trading, where investments are decided in microseconds.
Rhein on energy and climate looks ahead to the EU in 2025. He says it will have 35 Member States, a stronger ECB, and possibly an elected President for the European Commission. PolsciEU looks at the relaunch of Votewatch.eu this week. Votewatch aims to make information about the European Parliament and the EU Council easily accessible to the public. He says “Votewatch.eu is doing a great job in making EU-level voting behaviour more transparent”.
Neelie Kroes, Vice-President of the European Commission, blogs about using ICT to make smarter cities, while EU Logos at Blogactiv.eu says that the majority of Europeans are worried about cyber-security, according to a recent Eurobarometer survey. 12 per cent of Europeans have been victims of online fraud, according to the survey.
EU Foreign policy and the European neighbourhood
The European Council on Foreign Relations says that the EU needs to rethink its strategic partnerships, to reflect the importance of democracy, especially in the wake of the Arab Spring.
The Euro Crisis
On Monday the Euro Group – the Finance Ministers of Europe – met to discuss the crisis in Spain. Open Europe rounds up the results of the meeting, saying that Spain will soon be getting the first €30billion of the €100billion previously to help its ailing banks. Nucleus at BlogActiv.eu says that the meeting failed to provide any clarity – not even on who the Chairman might be after Jean-Claude Juncker, steps down later this year. Coulisses des Bruxelles reports that the ECB, in an effort to increase the flow of credit, this week lowered its main interest rate below 1% for the first time in the Euro’s history.
A Fistful of Euros reviews the reaction to the previous week’s summit saying that while it has confused the markets, it did also produce results, which will be an advance in the debt crisis once they are implemented. This week 172 German economists wrote to the Frankfurter Allgemeine newspaper, critiquing the summit and a potential European banking union. The OFCE blog mulls over how a banking union might work, saying that it could “help break the correlation between a sovereign debt crisis and a banking crisis”. Meanwhile, the Centre for European Reform is concerned that Eurozone has reached the limits of the politically possible, as many states have no mandate to is institute the policies needed to save the Euro.
Nucleus at Blogactiv.eu looks at the ideological splits across Europe, and how 60 years of progress is now being threatened by the Eurozone crisis. He says that the only thing really keeping the Eurozone together now is the fear of the consequences if it were to collapse.
The OFCE blog looks at higher education fees across Europe, advocating that it be funded through taxation rather than by fee increases.
A political crisis is building in Romania as the President, Traian Basescu, faced near impeachment and was suspended by the Romanian Parliament according to Beyond the Transition. Now, Prime Minister Victor Ponta is seeking a referendum on Basescu’s suspension, but the EU has concerns over the rule of law in the country. Romanian MEP, Monica Macovei says that the democratic world is now against Ponta, while Corina Cretu, also a Romanian MEP says that the Supreme Court has confirmed the legality of the referendum, but is concerned about the potential for a low turnout. A Fistful of Euros says that Romania’s political crises are taking place against the backdrop of an economic slump and a relatively ineffective programme from the IMF.
Open Europe reviews recent YouGov polling, and finds that a majority of British people would like a referendum on EU membership or a renegotiation of the UK’s relationship with the EU. Meanwhile, the Centre for European Reform finds even if the UK did leave the EU, it would still have to follow EU regulations, in order to maintain its access to the Single Market. The European Citizen echoes this, saying that the UK is essentially asking to be a free-rider in the EU. Meanwhile, Nucleus at Blogactiv.eu discusses UK Foreign Secretary’s plans this week for a full audit of EU law.
Meanwhile Croatia, the war, and the future is concerned that cronyism is alive and well in Croatia, despite the country’s pending accession into the EU.
Beyond the Transition looks at the Polish economy after the Euro 2012 competition, saying that if the government wants to maintain the post- competition ‘feel good factor’ and avoid an economic slump, it must increase its invest in infrastructure, transport and public services.
Finnegan’s Take at Blogactiv.eu is concerned that the drying up of credit in Europe may restrict the amount of ‘vaccine bonds’ (where investors offer loans for vaccines) and therefore lead to a resurgence of polio in the developing world.
Germany Joys takes a trip to a German welfare office in Dusseldorf, and concludes that there are worse fates than signing up for welfare in Germany.
Note: This article gives the views of the author, and not the position of EUROPP – European Politics and Policy, nor of the London School of Economics.
Shortened URL for this post: http://bit.ly/PVliwp