The taxpayer-funded European Investment Bank has started including a new legal clause in its contracts with Greek companies that allows them to repay euro loans in a different currency.
04/21/2012
— Filed under: Finance
Tags: currency, firms, Greece
European politicians and wind industry leaders on Monday called for clearer regulations and larger investments in green energy as the sector wrestles with the consequences of the region’s long-running sovereign debt crisis.
04/20/2012
— Filed under: Society
Tags: EU, green energy, investment
One of Italy’s top culture officials has pushed private investment in the country’s museums and galleries and the seemingly insatiable Chinese and Indian appetites for art and archaeology as the way to pull the country out of its recession.
04/19/2012
— Filed under: Society
Tags: Italy, museum, tourism
«The murdered people are our citizens who have made Germany their new motherland. The murders committed are not ordinary ones,» says Sebastian Edathy, the head of the Research Commission of the German Federal Assembly
Europe’s urge to set a bonus-to-salary ratio has always looked misguided. Yet Brussels’ position is hardening. The latest thinking seems to be that bonuses should never be more than 100 percent of base pay. There’s no doubt that investment banking still has a problem with the way it rewards staff. But fixing bonuses in this way is clearly the wrong solution.
European Commission head promises $65 million over two years for technical assistance, saying EU nations will seek larger funds to support investments in sustainable energy
04/16/2012
— Filed under: Finance
Tags: energy, EU, extra funds
Ireland is likely to breach its annual obligation to reduce greenhouse gas emissions from 2017 onwards despite the fall-off in emissions associated with the economic downturn.
04/15/2012
— Filed under: Finance
Tags: emissions, greenhouse gas
Leading Dutch companies face having to change their auditor at least once every eight years under rapid reforms that could herald a similar crackdown across the European Union.
IS it really in Europe’s interest to provoke a trade war with emerging markets in Southeast Asia and Latin America over biofuels? Of course it is not.
04/13/2012
— Filed under: Politics,Society
Tags: biofuel policy, environment, EU
Nicolas Sarkozy has threatened to bring back passport checks for all EU citizens entering France if member countries fail to seal their borders against illegal immigrants.
The French president named Greece as a key culprit allowing asylum seekers to flood across its ‘unguarded frontier’ with Turkey.
He set a one-year deadline for EU nations to tighten security before France pulls out of the Schengen Agreement that allows free travel between 25 countries.
He said yesterday: ‘There are 120km between Greece and Turkey which are not guarded.
‘I am within my rights to demand what the sanctions should be. I give one year for this practice to change, otherwise we suspend our membership of the Schengen Agreement.
‘As it is France which has the most generous welfare benefits, we are the ones most affected by putting these measures into place properly.’
Mr Sarkozy’s increasingly tough stance on immigration is seen as an attempt to win over voters of the extremist National Front party as he falls behind socialist rival Francois Hollande in the polls for this month’s presidential election.
His remarks come a month after he said tightening border security was the only way to avoid ‘the implosion of Europe’.
Mr Sarkozy told an election rally in March: ‘Unchecked immigration thwarts Europe’s ability to take in and integrate new entrants and puts strains on social safety nets for the most disadvantaged across the continent.’
Right of passage: German police officers wave EU flags after the border station with the Czech Republic is closed in 2007 following the Schengen agreement, which allows free travel between 25 countries
The UK did not sign up to the Schengen Agreement and Britons still need a passport to visit France.
But any changes would mean passport checks for all European and non-EU travellers arriving in France.
Mr Sarkozy also warned yesterday that France would impose its own barriers to cheap non-EU imported goods unless trade protection regulations were tightened.
Read more: http://www.dailymail.co.uk/news/article-2127108/Nicolas-Sarkozy-threatens-quit-passport-deal-EU-countries-dont-seal-borders-illegal-immigrants.html#ixzz1rY5TYVKB
04/12/2012
— Filed under: Politics
Tags: illegal immigrants, Nicolas Sarkozy
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