EU mulls European-style IMF – EUbusiness Week 481

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EUbusiness Week – Issue 481
12 March 2010
http://www.eubusiness.com
Your way through the EU information maze
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This Week’s Top Stories
=======================
1. Europe furious at US air force tender trap
2. France, Germany back EU speculative trade ban
3. EU vows to get tough on gender pay gap
4. ‘Carbon fat cats’ get rich off EU trading scheme: study
5. Air France files complaint against Ryanair
6. EU doubts Yorkshire pudding initiative

Publisher’s Note
================
Much discussion this week about a European version of the
US-based International Monetary Fund, which provides
emergency loans to countries in distress.

The idea for a European Monetary Fund stems mainly from
Greece’s threat to approach the IMF if Europe does not help
it ward off pressure on bond markets. An EMF would help any
eurozone country close to defaulting on its debt. It would
also sidestep EU rules which currently forbid any bailout.

There is cautious support for the idea. But some would
prefer Europe focus on existing debt rules. As ECB member
Axel Weber says: “New institutions won’t help if the
existing ones are ignored.”
http://www.eubusiness.com/news-eu/eurozone-economy.3ju

Regards,

Nick Prag
Publisher, EUbusiness

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1. Europe furious at US air force tender trap
———————————————
Europe cried foul on Tuesday over Pentagon contract rules it
said favoured US plane-makers, after European consortium
EADS threw in the towel on a mammoth US defence tender.
http://www.eubusiness.com/news-eu/us-aerospace-boeing.3ix
EU-US tanker contract spat to have ‘consequences’
http://www.eubusiness.com/news-eu/us-aerospace-france.3jg

2. France, Germany back EU speculative trade ban
————————————————
France and Germany have urged the EU to consider banning
certain high-risk financial trades, targeting the
speculators accused of worsening the Greek debt
crisis that has shaken the eurozone.
http://www.eubusiness.com/news-eu/france-germany.3k9
Euro-Parliament urges tax on financial operations
http://www.eubusiness.com/news-eu/economy-finance-tax.3jt

3. EU vows to get tough on gender pay gap
—————————————–
European regulators have vowed to get tough with employers
whose hiring policies contribute towards women being
paid 18 per cent less than men on average.
http://www.eubusiness.com/news-eu/women-pay.3hi

4. ‘Carbon fat cats’ get rich off EU trading scheme: study
———————————————————-
Europe’s system for industrial carbon quotas has enriched
the continent’s biggest polluters, with ten firms together
reaping permits for 2008 alone worth EUR 500m, a
new report has revealed.
http://www.eubusiness.com/news-eu/climate-warming.3hm

5. Air France files complaint against Ryanair
———————————————
Air France has filed a complaint with the Commission
against Ryanair, accusing the Irish budget airline
of unfair trading practices.
http://www.eubusiness.com/news-eu/france-ireland-air.3k2

6. EU doubts Yorkshire pudding initiative
—————————————–
Yorkshire pudding is unlikely to be granted protected
designation-of-origin status by the EU despite a campaign by
Yorkshire food producers, an EU official said on Thursday.
http://www.eubusiness.com/news-eu/lifestyle-britain.3kh

EUROPEAN CASE LAW
=================
Pollution: factories located close to polluted areas may be
deemed responsible and made to carry out remedial measures,
the European Court of Justice ruled on Tuesday.
http://www.eubusiness.com/news-eu/italy-environment.3iu
Court upholds EC decision on aid for German banks
http://www.eubusiness.com/eulaw/Stateaid.01
Price floor on tobacco infringes EU law
http://www.eubusiness.com/eulaw/tobacco.01
New: Key EU Legal Terms
http://www.eubusiness.com/eulaw/key-eu-terms
http://www.eubusiness.com/eulaw
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Caselex offers Supreme Court cases linked to Community law
from national and European Courts. Free 30 day license for
EUbusiness readers – thereafter at a special introductory
discount of 20 per cent
http://www.eubusiness.com/caselex-30
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Inside the EU Institutions
==========================

Council Watch
————-
Ashton: foreign ministers gave a show of support for belea=
guered EU foreign affairs chief Catherine Ashton, hoping to
move forward with the building of a new diplomatic service.
http://www.eubusiness.com/news-eu/diplomacy.3hv
EU demands more rights progress from Morocco
http://www.eubusiness.com/news-eu/morocco-diplomacy.3hz
EU calls on Israel to reverse settlement decision
http://www.eubusiness.com/news-eu/mideast-politics.3je
http://www.eubusiness.com/European_Council

Commission Watch
—————-
Hedge funds: Michel Barnier, the Commission’s financial
services overlord, has defended EU plans for legislation
covering hedge funds from “protectionist” charges amid
reported anger from US Treasury chief Timothy Geithner.
http://www.eubusiness.com/news-eu/finance-economy.3kb
EU energy rules still not being implemented: report
http://www.eubusiness.com/energy/benchmarking-report-2009
http://www.eubusiness.com/Commission

Euro-Parliament Watch
———————
Competition policy: Parliament has urged a re-assessment
of the effectiveness of Member States’ state-aid activities
during the crisis, scaling back protectionist reflexes
and revisiting the “fines only” policy.
http://www.eubusiness.com/competition/ec-policy
MEPs back fresh EU money for low-carbon technologies
http://www.eubusiness.com/research/low-carbon.01
Parliament wants to reduce red tape for small firms
http://www.eubusiness.com/sme/reducing-red-tape
http://www.eubusiness.com/Europarl

EU diary
——–
11-12 Mar, Transport, Telecommunications and Energy Council
15-17 Mar, e-Health 2010 Ministerial Conference
15 Mar, European Regions Week – WIRE 2010
15 Mar, Environment Council
16 Mar, Economic and Finance Council

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

EUbusiness Community
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Analysis
——–
Albania: in a region where only an estimated five per cent
of people are employed in the official economy the lure of
a better life in the European Union is strong, especially
for the marginalised ethnic Albanian population.
http://www.eubusiness.com/news-eu/serbia-macedonia.3jb
EU’s first 100 days under Lisbon treaty get mixed report
http://www.eubusiness.com/news-eu/treaty-diplomacy.3iw
http://www.eubusiness.com/features

Policy Forum
————
Small Businesses Celebrate EP Decision to Exempt Micro-
Entities from EU Accounting Burdens
http://www.eubusiness.com/sme/esba.10-03-10
EP’s OK to accounting exemptions ‘a step back’
http://www.eubusiness.com/sme/ueapme.10-03-10
EP takes strong line on SEPA value for payment users
http://www.eubusiness.com/finance/eurocommerce.10-03-10
More press: http://www.eubusiness.com/press

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Events
——
1 Jul, Thessaloniki: Ninth European Conference on
Information Warfare and Security
http://www.eubusiness.com/internet/information-warfare.10

6 Jul, Heidelberg: Eighth International Network Conference
http://www.eubusiness.com/research/inc-2010
More events: http://www.eubusiness.com/events

Jobs
—-
Senior Communication Officer, European Institute of
Innovation and Technology
http://www.eubusiness.com/research/eit.10-03-09

Economist-Economic Adviser, European Mortgage Federation
http://www.eubusiness.com/finance/emf.10-03-08
More jobs: http://www.eubusiness.com/jobs

Briefing
——–
European Energy Programme for Recovery
http://www.eubusiness.com/energy/energy-recovery.10

Environmental liability – Directive
http://www.eubusiness.com/environ/environ-liability

European Heritage Label
http://www.eubusiness.com/culture/heritage-label
More briefings: http://www.eubusiness.com/guides

Other news on EUbusiness this week
———————————-
Latvia clocked EU’s deepest recession 11-Mar
http://www.eubusiness.com/news-eu/latvia-economy-gdp.3k8
Scientists and SMEs join forces to fight influenza 11-Mar
http://www.eubusiness.com/health/flu-research
Europe to argue for bluefin tuna trade ban 10-Mar
http://www.eubusiness.com/news-eu/environment-fish.3jo
EU probe into transatlantic air alliance nears end 10-Mar
http://www.eubusiness.com/news-eu/competition-airline.3jf
US, Europe eye free-trade pacts with rising Asia 10-Mar
http://www.eubusiness.com/news-eu/asia-trade-us-apec.3jc
Greens protest genetically modified potato go-ahead 10-Mar
http://www.eubusiness.com/news-eu/parliament-farm.3j7

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