EUbusiness Week 680 top stories: Luxembourg, Juncker under fire after global tax leaks; Eurozone growth outlook slashed in new blow to recovery; ECB takes up eurozone banking watchdog role; EU misspent nearly EUR 7 bn last year; Hungary paves way for gas pipeline in defiance of EU; EU migrants benefit to British public finances: study
Publisher’s Note
Britain’s PM came in for a bit of an EU bashing this week.
First Angela Merkel said she would rather see the UK leave the Union than compromise over free movement. Then UCL researchers found that EU migrants, far from being a drain on finances, paid GBP 20bn into UK coffers. Finally new EC president Juncker used his first press conference to attack Mr Cameron’s attitude towards the EU and its leaders.
Mr Juncker’s arrival seems to herald a stronger, more political Commission. It looks also as if Europeans leaders may finally have lost patience with the UK’s EU-bashing.
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Regards,
Nick Prag
Publisher, EUbusiness
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1. Luxembourg, Juncker under fire after global tax leaks
Luxembourg and its former premier Jean-Claude Juncker, now head of the Commission, came under fire Thursday after leaked documents showed the tiny nation gave hundreds of global firms huge tax breaks.
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Jobs, Ukraine, Brexit among tasks for new EU Commission
2. Eurozone growth outlook slashed in new blow to recovery
The EU sharply cut its growth forecasts for the eurozone on Tuesday, warning that France and Italy remain huge problems for the sluggish European economy that is becoming a worry worldwide.
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EU hails Britain’s ‘robust’ growth as eurozone stalls
3. ECB takes up eurozone banking watchdog role
The European Central Bank assumed its role Tuesday as Europe’s banking watchdog under a new system aimed at shoring up the financial system to ward off another euro-threatening crisis.
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4. EU misspent nearly EUR 7 bn last year
The Union misspent nearly 7 billion euros in 2013, the European Court of Auditors said Wednesday, warning that Brussels must focus on getting better results for its money.
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5. Hungary paves way for gas pipeline in defiance of EU
Hungarian Prime Minister Viktor Orban reaffirmed support for Russia’s controversial South Stream gas pipeline, shortly after Budapest approved a law seen as a green light for its construction in defiance of EU policy.
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6. EU migrants benefit to British public finances: study
European immigrants to Britain paid more in taxes than they received in benefits over the last decade, according to research, amid a heated debate over EU migration.
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EUROPEAN LAW
Syria: the governor of the Central Bank of Syria can travel to France to visit family even though he is on the European Union’s sanctions list, a top EU court found Wednesday.
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EU to name expert to review Kosovo mission corruption charges
Latest news from the European Court of Justice
EU Law Firms
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Inside the EU Institutions
Council Watch
UK: finance ministers said Thursday they were hopeful of ending the row over demands for back payments from Britain, with paying the bill in instalments a likely option.
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Euro ministers show ‘strong support’ for Greece credit line
For Merkel, EU migration rules ‘non-negotiable’
Euro crisis firms German power, 25 years after Berlin Wall
Council …
Commission Watch
New team: the new Juncker Commission formally took office Saturday, promising to “get down to work” as Europe faces a host of political and economic challenges.
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Juncker drops out of debate on Europe’s future
New economic chief Moscovici vows change
Commission …
Parliament Watch
Tunisia: fgh fgh fgh g g g g g g ay.
In committee this week, MEPs charted the course of climate change talks from Lima to Paris; discussed the humanitarian disaster of Ebola in Africa; and said EU accounts should measure achievements of EU-funded projects, not just payment errors.
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EU diary
10-11 Nov: European Parliament Committee Meetings
10-11 Nov: Agriculture and Fisheries Council
12-14 Nov: 2014 Conference on Big Data from Space
12-13 Nov: European Parliament plenary session
14 Nov: Economic and Financial Affairs Council
15-16 Nov: The EU at the G20 Summit in Brisbane, Australia
The Week Ahead
Long-term diary
RESOURCES
EU Law Firms
Summaries of EU Legislation
EU Decision-Making
Treaties of the European Union
Key EU Legal Terms
Other news on EUbusiness this week
ICIJ: blowing the whistle on corporate tax schemes 6-Nov
Salvini seeks to fill Berlusconi boots on Italy right 6-Nov
Merkel mulls sanctions against Ukraine rebel leaders 5-Nov
Eurozone retail sales suffer sharp drop in September 5-Nov
EU says Ukraine rebel vote ‘new obstacle’ to peace 3-Nov
EU hauls up Spain over Morocco migrant treatment 31-Oct
EUbusiness Community
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Press
UK shows the way towards accurate caller location
Greenpeace exposes 20 European fishing vessels responsible for destructive fishing
Launch of Single Supervisory Mechanism marks turning point
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Jobs
Finance and Administration officer, the European NGO confederation for relief and development
Deputy Director, European Union law enforcement agency
2 Country co-ordinators, European Patent Office
Advocacy, Information and Fundraising Officer, European Federation for Street Children
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Guides
2013 annual report of the European Court of Auditors
EC – Member State Partnership Agreements on EU funding
Frontex Operation Triton
Ukraine – Russia gas deal
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Events
19 Nov, Brussels: European Banking Federation 2014 Annual Conference
2 Dec, Lille: BioFIT 2014
8 Dec, London: World Congress on Sustainable Technologies
1 Jun, Vienna: European Biomass Conference and Exhibition
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Publications
Jewish life in Ukraine: Achievements, challenges and priorities since the collapse of communism
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Links
Autumn forecast 2014: Slow recovery with very low inflation
