Emissions trading concerns - EUbusiness Week newsletter 623
EUbusiness Week 623 top stories: Eurozone finance ministers agree ESM direct bank funding; EU, US launch talks on vast free trade deal; Eurozone consumer confidence and business figures improve; EU probes SAS airline over state aid; France gives Google 3-month deadline over privacy policy; Children falling victim to EU economic crisis
This Week's Top Stories
1. Eurozone finance ministers agree ESM direct bank funding
2. EU, US launch talks on vast free trade deal
3. Eurozone consumer confidence and business figures improve
4. EU probes SAS airline over state aid
5. France gives Google 3-month deadline over privacy policy
6. Children falling victim to EU economic crisis
Publisher's Note
The European Parliament's environment committee has not pleased too many
with its endorsement of a plan to patch up the Emissions Trading System
(ETS). Oversupply and a slowing economy led to a surplus of emission
allowances and a fall in the carbon price well below original estimates
for the ETS.
Eurochambres believes the proposal could fuel more increases in
energy prices. Greenpeace says the short-term relief would act as "a
fundraiser for polluting industries". Certainly the ETS' goal of
supporting innovation to tackle climate change looks no closer. Final
rejection of the backloading proposal by MEPs in their next plenary
session is on the cards.
More ...
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Regards,
Nick Prag
Publisher, EUbusiness
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1. Eurozone finance ministers agree ESM direct bank funding
Eurozone finance ministers agreed Thursday how the single currency's
rescue fund, the European Stability Mechanism, will be able to inject
funds directly into failing banks so as to minimise the risk posed to
the financial system.
More ...
Switzerland wants OECD-wide deal on tax information
2. EU, US launch talks on vast free trade deal
The European Union and the United States on Monday launched long-awaited
formal negotiations to create what would be the world's biggest ever
free trade area.
More ...
EU-US trade talks won't exclude film, culture: US envoy
3. Eurozone consumer confidence and business figures improve
Eurozone consumer confidence improved sharply in June while the slump in
private sector business activity eased further, according to surveys
that analysts said were further signs the recession may be nearing an
end.
More ...
Strong trade data offers EU light at end of the tunnel
4. EU probes SAS airline over state aid
In its June infringements package, the Commission opened an in-depth
probe to see if state aid given to Scandinavian Airlines (SAS) by Sweden
and Denmark conformed to EU rules.
More ...
EU raids rail cargo companies
5. France gives Google 3-month deadline over privacy policy
In a move it hopes will be followed by other Member States, France has
threatened Google with a fine of up to EUR 150,000 if it does not bring
its privacy procedures into line with French law on data protection
within three months.
More ...
6. Children falling victim to EU economic crisis
Children in the European Union are increasingly falling victim to the
economic crisis, the EU's rights agency has warned, citing the case of
Greece where school-children were suffering from hunger.
More ...
EUROPEAN LAW
Eurotunnel: the Union has told Britain and France to act to bring down
charges for trains running through the under-sea Channel tunnel, or face
being brought before the European court.
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Latest Court of Justice judgements
EU Law Firms
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Inside the EU Institutions
Council Watch
Turkey: Ankara has criticised Berlin over a reluctance to open a new
chapter that could further its bid to join the EU, shrugging it off as
Chancellor Merkel's "election campaign".
More ...
EU conservatives want focus on youth unemployment
EU still deadlocked on blacklisting Hezbollah
Council ...
Commission Watch
French exception: Commissioner Michel Barnier hit back at the Commission
president on Tuesday for describing French defence of Europe's film and
TV industries as "reactionary".
More ...
EU's billion-euro aid to Egypt 'ineffective'
Historic Kosovo-Serbia deal makes little headway
Commission ...
Parliament Watch
Budget: after months of tough negotiations, Commission, Member States
and Parliament thrashed out a possible compromise on the trillion-euro
budget Wednesday to cover EU spending over the next seven years.
More ...
Parliament committee postpones Turkey visit
EP committee greenlights lifting of Le Pen's immunity
This week, MEPs agreed with Council a deal on clearer EU-wide rules on
access to a lawyer; while in committee, MEPs sought to strengthen
protection of workers posted abroad; called for mandatory targets for
advanced biofuels; and said the US PRISM internet surveillance case
highlighted the urgent need to pass legislation to protect EU citizens'
personal data.
More ...
EU diary
21 Jun, Economic and Financial Affairs Council
24 Jun, Foreign Affairs Council
24-25 Jun, Agriculture and Fisheries Council
24-28 Jun, EU Sustainable Energy Week 2013
26 Jun, National Roma integration strategies report
26 Jun, Commission proposes new long term investment framework
27-28 Jun, European 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
US, EU authorities approve Delta-Virgin tie-up 20-JunSenate confirms Obama's new trade rep Froman 20-Jun
Dutch plan EUR 6 bn in austerity cuts in 2014 19-Jun
EU fines Denmark's Lundbeck in generic drugs case 19-Jun
Wine war fears slowing French exports to China 18-Jun
WWF urges Romania, Bulgaria to protect wild sturgeon 18-Jun
Gloom returns to EU car industry 18-Jun