EU faces up to pension reform – EUbusiness Week 497

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EUbusiness Week – Issue 497
9 July 2010
http://www.eubusiness.com
Your way through the EU information maze
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This Week’s Top Stories
=======================
1. Europe to give US access to bank data for terror probes
2. Europe imposes caps on banker bonuses
3. EU wields axe against illegal timber
4. EU angered over WTO delay of Boeing ruling
5. EU raises compensation for stranded sea passengers
6. Italian minister slams three-language EU patent proposal

Publisher’s Note
================
Poorer pensioners, higher pension contributions or more
people working more and longer: this is the choice facing
Europe’s governments, set out in a Commission Green Paper
on the future of pensions this week.

Pension reform is Europe’s biggest challenge. The average
retirement age of 61.4 years, compared to 65 for workers in
the United States and 70 in Japan, is not sustainable in
the long term, and the financial and economic crisis only
adds to the strain. With the number of retired people
compared to those financing their pensions forecast to
double by 2060, the pressure for reform is truly on.
http://www.eubusiness.com/employment/future-of-pensions

Regards,

Nick Prag
Publisher, EUbusiness

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1. Europe to give US access to bank data for terror probes
———————————————————-
Europe agreed Thursday to let the United States tap into
banking data for terrorism probes again, reviving a
programme which officials said would save lives and
protect the privacy of Europeans.
http://www.eubusiness.com/news-eu/us-attacks-banking.5hi

2. Europe imposes caps on banker bonuses
—————————————-
The European Parliament has sounded the death knell for
unrestricted banker bonuses, blamed in part for causing the
global financial crisis, approving limits from January.
http://www.eubusiness.com/news-eu/finance-economy-pay.5gy

3. EU wields axe against illegal timber
—————————————
The European Union on Wednesday barred the import and sale
of illegally harvested timber in a bid to fight climate
change and deforestation from the Amazon to Asia.
http://www.eubusiness.com/news-eu/parliament-warming.5gw

4. EU angered over WTO delay of Boeing ruling
———————————————
The EU has lashed out at a WTO decision to postpone a ruling
on US subsidies to aerospace giant Boeing, warning that
repeated delays hurt chances of a negotiated settlement.
http://www.eubusiness.com/news-eu/us-aerospace-wto.5i3

5. EU raises compensation for stranded sea passengers
—————————————————–
The European Parliament on Tuesday approved new laws to
raise compensation by shipping firms and ferries for delays
or cancellations to those offered by air and rail operators.
http://www.eubusiness.com/news-eu/transport-maritime.5gk

6. Italian minister slams three-language EU patent proposal
———————————————————–
An Italian minister has deemed “not acceptable” a Commission
proposal to grant EU patents only in French, German and
English, to rein in costs for companies operating in the EU.
http://www.eubusiness.com/news-eu/italy-industry.5f7

EUROPEAN CASE LAW
=================
Gambling: the European Court of Justice has backed Sweden’s
ban on the advertising of online gambling on the grounds
of public order.
http://www.eubusiness.com/news-eu/court-sweden.5hx
Ryanair, Aer Lingus lose appeals in takeover battle
http://www.eubusiness.com/news-eu/ireland-competition.5ge
Portugal wrong to wield telecom veto: ECJ
http://www.eubusiness.com/news-eu/court-portugal-pt.5hk
Latest Court of Justice Judgements
http://www.eubusiness.com/eulaw/ecj
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discount of 20 per cent
http://www.eubusiness.com/caselex-30
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Inside the EU Institutions
==========================

Council Watch
————-
Diplomatic corps: Parliament gave the green light Thursday
to the creation of Europe’s first diplomatic corps aimed at
giving the bloc a unified voice in the global arena.
http://www.eubusiness.com/news-eu/parliament.5ho
EU to cut Sri Lanka’s trade benefits in August
http://www.eubusiness.com/news-eu/srilanka-rights.5fr
Balkans countries urge transport network to connect with EU
http://www.eubusiness.com/news-eu/seeurope-transport.5gm
Croatia brings asylum law in line with EU standards
http://www.eubusiness.com/news-eu/croatia-politics.5fb
http://www.eubusiness.com/European_Council

Commission Watch
—————-
Stress tests: tests of how European banks can face up to
critical danger have been expanded to cover 91 banks, four
times as many as last year, accounting for 65 per cent of
EU banking, regulators now say.
http://www.eubusiness.com/news-eu/banking-regulate.5hj
Greek austerity ‘on track’ but more progress needed: EU
http://www.eubusiness.com/news-eu/greece-finance-debt.5hf
EU backs British action against deficit
http://www.eubusiness.com/news-eu/britain-finance.5gl
Barroso applauds Polish election winner
http://www.eubusiness.com/news-eu/poland-vote.5g3
http://www.eubusiness.com/Commission

Euro-Parliament Watch
———————
Banking supervision: an EU project to create pan-European
watchdogs to police the financial sector hit a snag Tuesday
as negotiations between Euro-MPs and Member States stalled
over how much power to give them.
http://www.eubusiness.com/news-eu/finance-economy.5gn

At their Strabsourg plenary this week, MEPs also
– approved stricter rules on industrial emissions
http://www.eubusiness.com/news-eu/industrial-emissions.707
– set out views for greener, more competitive farming
http://www.eubusiness.com/news-eu/farming-2013.807
– called for a ban on food from cloned animals
http://www.eubusiness.com/news-eu/food-cloned-animals.707
– and called for an EU directive on biowaste
http://www.eubusiness.com/news-eu/bio-waste.607
http://www.eubusiness.com/Europarl

EU diary
——–
7-9 July, Informal Employment and Social Policy Council
11-13 July, Informal Environment Council
12 July, Agriculture and Fisheries Council
12 July, Eurogroup meeting
13 July, Economic and Financial Affairs Council
14 July, EU-Brazil Summit

The Week Ahead: http://www.eubusiness.com/events/EUcalendar
Long-term diary: http://www.eubusiness.com/events/eu-diary

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Press
—–
ECJ: Swedish sanctions for gaming adverts cannot
discriminate against EU operators – Industry calls on
Swedish government to adapt legislation to EU market reality
http://www.eubusiness.com/Members/EGBA/gaming-ads-sweden

Commission proposals to ban GM crops: an empty and dangerous
deal – New plans could open Europe’s fields to GM crops
http://www.eubusiness.com/Members/foeeurope/gm-crops.10-07
More press: http://www.eubusiness.com/press

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Events
——
7 Sep, European industrial technologies conference
http://www.eubusiness.com/research/ind-tech.10

21 Sep, Berlin: ‘Connecting railways’ brokerage event
http://www.eubusiness.com/transport/connecting-railways.10
More events: http://www.eubusiness.com/events

Analysis
——–
EU economy: a strong recovery in German and British industry
has added new colours to a landscape evolving almost by the
day showing resilient EU growth constrained by debt
mountains and steep budget cuts.
http://www.eubusiness.com/news-eu/economy-growth.5ht
http://www.eubusiness.com/features

Guides
——
Future of pensions
http://www.eubusiness.com/employment/future-of-pensions

European international investment policy
http://www.eubusiness.com/finance/investment.02

Retail Market Monitoring Report
http://www.eubusiness.com/consumer/retail-monitoring.10
More guides: http://www.eubusiness.com/guides

Other news on EUbusiness this week
———————————-
Airbus submits bid for US military mega-project 8-Jul
http://www.eubusiness.com/news-eu/us-aerospace-airbus.5hz
Liberia seeks legitimacy for timber in EU market 7-Jul
http://www.eubusiness.com/news-eu/liberia-parliament.5h9
Renewables offer EU more power 6-Jul
http://www.eubusiness.com/energy/renewables.2g2
EU approves UK pension scheme NEST 6-Jul
http://www.eubusiness.com/news-eu/state-aid-uk.607
EU clears Volvo takeover by China’s Geely 6-Jul
http://www.eubusiness.com/news-eu/sweden-china-us.5gp
EU tightens flight restrictions on Iranian airline 6-Jul
http://www.eubusiness.com/news-eu/airline-iran-safety.5gb
EU eyes visa-free travel for Taiwan visitors 5-Jul
http://www.eubusiness.com/news-eu/tourism-trade-visa.5fx

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