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Banks re-open in Cyprus - EUbusiness Week newsletter 611


28-03-2013

EUbusiness Week 611 top stories: Stoic Cypriots calm but slam Europe as banks reopen; EU aims to take bailout pressure off taxpayers; Japan, EU launch talks on free trade pact; Bulgaria seeks EU help for energy sector reform; Social crisis deepens as austerity bites: report; Children born outside marriage in Europe to 40pct

This Week's Top Stories

1. Stoic Cypriots calm but slam Europe as banks reopen
2. EU aims to take bailout pressure off taxpayers
3. Japan, EU launch talks on free trade pact
4. Bulgaria seeks EU help for energy sector reform
5. Social crisis deepens as austerity bites: report
6. Children born outside marriage in Europe to 40pct

Publisher's Note

An early and reduced update this week, as the EU winds down for the Easter holidays. Here are the latest developments from Brussels. I also remind you that you can keep up-to-date with any breaking news by subscribing to our RSS feed at
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I wish you all the best over the Easter break.
Regards,

Nick Prag
Publisher, EUbusiness

EUBUSINESS WEEK AHEAD

Our sister newswire alerts you to key upcoming legislative developments at the EU institutions during the week ahead, as well as EU-related conferences and events.
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1. Stoic Cypriots calm but slam Europe as banks reopen

Patient Cypriots formed orderly queues and waited in the sun for their banks to reopen after nearly two cash-starved weeks, but many expressed anger at their European partners.
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Germany's Schaeuble says Cypriot anger will pass

2. EU aims to take bailout pressure off taxpayers

The Cyprus debt rescue and its 'bail-in' provision to make large bank depositors pay part of the cost is largely in line with Commission plans to ensure taxpayers no longer carry the can when banks fail.
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3. Japan, EU launch talks on free trade pact

Japan and the EU launched talks on a free trade agreement Monday with a telephone summit between their leaders.
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4. Bulgaria seeks EU help for energy sector reform

Bulgaria has asked the Commission for expert help to reform its troubled energy sector as sanctions loom owing to lagging liberalisation of the country's energy market.
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5. Social crisis deepens as austerity bites: report

The austerity policies adopted to remedy the debt crisis are taking an ever greater toll on jobs and households in some countries, with little hope of improvement in sight, the Commission said on Tuesday.
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6. Children born outside marriage in Europe to 40pct

The number of children born outside marriage in Europe has doubled over two decades to 40 per cent, with Estonia, Slovenia and France registering almost three out of every five births out of wedlock, EU data shows.
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EUROPEAN LAW

Cyprus: as anger mounts over the economic "tragedy" in Cyprus, money transfers came under scrutiny on Wednesday and the president pressed a criminal probe into how the banks were brought to their knees.
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Bulgaria's ex-farming minister charged with graft
Latest Court of Justice judgements
EU Law Firms
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Inside the EU Institutions

Council Watch

Zimbabwe: the EU has suspended an assets freeze and visa ban against most Zimbabwean firms and people on its sanctions list in reward for a "credible" March referendum, but President Mugabe and some others remain on its blacklist.
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Russia raids Human Rights Watch office amid EU concern
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Commission Watch

Budget: the EU needs another 11.2 billion euros in its 2013 budget to cover bills left unpaid from last year, says the Commission -- a demand immediately shot down by Britain.
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Fourteen European states want stronger EU diplomatic service
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Parliament Watch

Bank dfdfdfdf: ddddddddsff.
This week, the Budgets Committee chair said the Commission proposal to settle only part of the EU's EUR 16.2 bn debt rolled over from 2012 threatens the EU with insolvency later in 2013; and the Environment Committee revised plans to clean up the scrapping of old ships.
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EU diary

4 Apr, Governing Council meeting of the ECB
15-18 Apr, European Parliament plenary session
22-23 Apr, Agriculture and Fisheries Council
22-23 Apr, Foreign 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

Russia, Georgia peace talks constructive: mediators 28-Mar

 

EU unfreezes Polish road subsidies 27-Mar

 

Malta not comparable to Cyprus: central banker 27-Mar

 

Eurozone confidence slips in March after recent gains 27-Mar

 

Risk of poverty lower in Germany than in EU 27-Mar

 

Hands off our finance sector, Luxembourg warns 27-Mar

 

Fitch puts Cyprus rating on watch for downgrade 27-Mar
EU Alerts

EUbusiness Week no. 804
Tax dodgers under fire
→ EUbusiness Week archive

The Week Ahead no. 371
Digital culture - Solidarity Corps - Alpine Strategy - corporate bond markets - glyphosate petition - ECB bonds buying - online shopping - online TV and radio

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