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Basic bank accounts for all - EUbusiness Week newsletter 581


06-07-2012

EUbusiness Week 581 top stories: Greece sees difficult years ahead as EU-IMF talks begin; Broke Cyprus hopes to ride euro crisis as EU head; Euro-Parliament throws out online piracy pact; Fight against EU fraud nets EUR 700m; Google makes proposals to EU on competition concerns; Life-saver 'eCall' system for new cars urged by MEPs

This Week's Top Stories

1. Greece sees difficult years ahead as EU-IMF talks begin
2. Broke Cyprus hopes to ride euro crisis as EU head
3. Euro-Parliament throws out online piracy pact
4. Fight against EU fraud nets EUR 700m
5. Google makes proposals to EU on competition concerns
6. Life-saver 'eCall' system for new cars urged by MEPs

Publisher's Note

A basic bank account should be a basic right, say Euro-MPs, who on Wednesday voted for binding rules to make basic payment accounts available to all EU consumers.

Around 30 million EU citizens currently have no account. These are people who are homeless, on very low incomes, students, expatriate workers and those withour a credit record. For them, renting accommodation, getting a job or paying bills is at best time-consuming and costly, at worst n insurmountable obstacle.

MEPs want those who need it to have a legal right to a cheap and simple bank account, with basic payment functions, at a reasonable price and open to existing and to new bank customers. We now await the Commission's response.
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Regards,

Nick Prag
Publisher, EUbusiness

PUBLIC TENDER - MACEDONIA

Granting of state-owned agricultural land under lease - Public Notice, Ministry of Agriculture, Forestry and Water Economy in Macedonia
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1. Greece sees difficult years ahead as EU-IMF talks begin

Greece's new Finance Minister warned Thursday that a recovery plan was "off-track" and "difficult years" lay ahead as sensitive talks with EU-IMF creditors began.
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British consultancy scoops prize for euro exit strategy

2. Broke Cyprus hopes to ride euro crisis as EU head

By a cruel twist of fate Cyprus takes the EU presidency chair tasked with guiding Europe out of financial chaos just as it becomes the fifth eurozone state to seek a Brussels bailout.
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Cyprus sees 'nothing wrong' in two bailouts: Russia, EU

3. Euro-Parliament throws out online piracy pact

The European Parliament has finally thrown out the global pact to battle counterfeiting and online piracy, quashing any EU ratification and possibly killing it for good.
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4. Fight against EU fraud nets EUR 700m

Officers tracking EU crime and corruption for Europe's anti-fraud office recovered almost EUR 700m last year from EU structural funds, customs and agricultural subsidies.
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5. Google makes proposals to EU on competition concerns

Google says it has has made proposals to EU regulators who have threatened to impose huge fines unless the Internet search giant allays concerns it has abused its dominant market position.
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6. Life-saver 'eCall' system for new cars urged by MEPs

The European Parliament on Tuesday demanded all new cars be forced to be equipped by 2015 with an electronic emergency system known as eCall.
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EUROPEAN LAW

Hungary: Hungary's parliament has adopted amendments to its law on the judiciary that will limit the authority of a new body, which European officials had said was excessive.
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Latest Court of Justice judgements
EU Law Firms
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Inside the EU Institutions

Council Watch

Summit deal: economists and non-euro EU leaders cheered last week's eurozone summit deal as a surprise "breakthrough" in efforts to preserve a stable currency, yet crucial details still need to be filled in.
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EU bond bailout deal remains valid: German FM
Slovenia can't rule out EU bailout: minister
Britain cannot maintain 'status quo' on Europe: PM
Council ...

Commission Watch

UK: Commission chief Jose Manuel Barroso on Tuesday angrily told British Conservative MEPs he was puzzled by their gloating over troubles in the eurozone.
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Barroso in first official visit to Israel this weekend
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Parliament Watch

EU Patent: the days-old summit breakthrough to create a single European patent after decades of dispute was thrown into question Tuesday by Parliament and the Commission.
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Euro-MPs say violent Israeli settlers must face justice
Euro-MPs condemn China forced abortions
Also this week, Euro-MPs in plenary backed an EU allocation of EUR 230m in guarantees to back the private issuance of "project bonds" for transport, energy and information technology infrastructure projects; and called for a crack-down on animal welfare offenders to protect public health.
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EU diary

10 Jul, Economic and Financial Affairs Council
16-17 Jul, Agriculture and Fisheries Council
17 Jul, EC proposal on protection of EU financial interests
18-19 Jul, Informal Competitiveness Council (Industry)
20 Jul, Informal Competitiveness Council (Research)
23 Jul, Foreign Affairs Council
23-24 Jul, Justice and Home Affairs informal
26 Jul, Economic and Financial Affairs Council (Budget)
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

EU crisis plan fails to calm nerves on Spain 5-Jul

 

ECB, Turkish central bank to cooperate 4-Jul

 

EU details objections to Universal-EMI merger 4-Jul

 

Relief 'in sight' after EU crisis summit: S&P 4-Jul

 

Boeing says trade spat with Airbus bad for both 3-Jul

 

Jobless rate hits record 11.1% 2-Jul

 

EU oil embargo on Iran comes into effect 2-Jul
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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