EUbusiness Week 589 top stories: IMF says debt-hit Europe must ‘restore confidence’; MEPs vote for tougher EU-wide sanctions for market fraud; EU demands Balkans candidates step up reform; EU to sanction states in bid to cut air traffic delays; EU presses Boeing subsidies case at WTO; Food safety watchdog among four slammed by EU court
This Week’s Top Stories
1. IMF says debt-hit Europe must ‘restore confidence’
2. MEPs vote for tougher EU-wide sanctions for market fraud
3. EU demands Balkans candidates step up reform
4. EU to sanction states in bid to cut air traffic delays
5. EU presses Boeing subsidies case at WTO
6. Food safety watchdog among four slammed by EU court
Publisher’s Note
With nearly every EU initiative now geared towards boosting recovery, the Commission has put forward an ‘industrial revolution’ to reverse the declining role of industry in Europe’s economy. The intention is to move from its current level of 15.6% of EU GDP to as much as 20% by 2020.
The new Communication proposes priority actions to improve the business environment, to stimulate investment in new technologies, access to markets and to finance, particularly for SMEs, and ensure that skills meet industry’s needs.
Bringing back industry to Europe is the motto of this latest revolution, and businesses will be hoping that these new measures and aspirations will do their bit in rebuilding a climate of confidence and entrepreneurship in Europe.
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Regards,
Nick Prag
Publisher, EUbusiness
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1. IMF says debt-hit Europe must ‘restore confidence’
Europe must do more to tackle its fiscal crisis, which is heaping extra pressure on an already-strained global financial system, warns the International Monetary Fund.
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Merkel eyes strong German demand to bolster euro
2. MEPs vote for tougher EU-wide sanctions for market fraud
Euro-MPs have voted in favour of slapping tough EU-wide criminal sanctions on financial wrongdoing, with maximum terms of at least five years for the most serious cases of insider dealing and market manipulation.
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3. EU demands Balkans candidates step up reform
After bruising disputes with fledgling EU democracies in eastern Europe, Brussels demanded Wednesday that Serbia and other EU hopefuls in the western Balkans step up the pace of democratic reform.
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4. EU to sanction states in bid to cut air traffic delays
The Commission is to take take legal action against EU governments over a decade-long failure to make a reality of a “single” European airspace that would slash costs and delays.
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5. EU presses Boeing subsidies case at WTO
The EU called Thursday on the World Trade Organization to formally take up its complaint that Washington has not removed billions of dollars in illegal subsidies for US aerospace giant Boeing.
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6. Food safety watchdog among four slammed by EU court
The European Court of Auditors has criticised the EU agency responsible for genetically-modified foods authorisations, currently at the centre of a row over a French study linking GM corn to cancer in rats.
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EUROPEAN LAW
Karadzic: the UN’s Yugoslav war crimes court has slapped Bosnian Serb wartime leader Radovan Karadzic with a 146,000 euro bill to help pay for his defence.
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Romania progresses in fighting graft: chief prosecutor
Latest Court of Justice judgements
EU Law Firms
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Inside the EU Institutions
Council Watch
Financial transaction tax: top eurozone states agreed Tuesday to launch a controversial financial transactions tax designed to make markets pay for decades of excess.
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EU to sanction 30 Syrian individuals and firms
France ratifies EU fiscal pact
Council …
Commission Watch
VW & CO2 emissions: Energy Commissioner Guenther Oettinger has written to German car giant Volkswagen maintaining that proposed EU limits on auto carbon emissions were actually relaxed before they were finalised.
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Serbia expected to re-engage in Kosovo talks
Commission …
Parliament Watch
ECB candidate: the European Parliament will hold a US-style confirmation hearing later this month for Luxembourg central bank chief Yves Mersch, the nominee for a seat on the ECB’s executive board.
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Parliament shuts dangerous debating chamber
Pussy Riot, Panahi, Beliatsky on final Sakharov short list
This week, the Agriculture Committee said animal transport rules must be properly enforced; and the Trade Committee gave a green light for free-trade talks with Japan but warns Japan needs to remove barriers in key sectors such as cars.
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EU diary
15 Oct, Foreign Affairs Council
18-19 Oct, European Council
22-23 Oct, European Parliament plenary session
22-23 Oct, Agriculture and Fisheries Council
22-24 Oct, Enterprise Europe Network annual conference
25 Oct, Environment Council
25-26 Oct, European Parliament plenary session
25-26 Oct, Justice and Home Affairs Council
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
Merkel eyes strong German demand to bolster euro 11-Oct
Turkey blames Cyprus over ‘disappointing’ EU report 10-Oct
Hungary sees no obligation to join euro: PM 10-Oct
Book industry battles euro crisis 10-Oct
European car sector set for six doldrum years: S&P 10-Oct
Italy’s VAT to rise, tax on low incomes down 10-Oct
Slovakia, Poland lift ban on Czech spirits 10-Sep
