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EU backs tougher financial supervision - EUbusiness Week no 450


19-06-2009

EUbusiness Week 450 top stories: EU-Zimbabwe launch new era in ties; EU to sue Germany over farm subsidy disclosure; EU steps up security standards for child gear; Microsoft rivals scorn Microsoft's web browser move; EU tells Sweden to cut subsidies to big metro newspapers; Crisis clouds summer season for European tourism

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EUbusiness Week - Issue 450
19 June 2009
http://www.eubusiness.com
Your way through the EU information maze
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This Week's Top Stories
=======================
1. EU-Zimbabwe launch new era in ties
2. EU to sue Germany over farm subsidy disclosure
3. EU steps up security standards for child gear
4. Microsoft rivals scorn Microsoft's web browser move
5. EU tells Sweden to cut subsidies to big metro newspapers
6. Crisis clouds summer season for European tourism

Publisher's Note
================
EU leaders have at their summit in Brussels backed new
measures to tighten financial sector supervision. According
to diplomats, the leaders approved plans late on Thursday
for three new pan-European bodies to oversee banks,
insurers and securities firms - one day after Washington
unveiled a sweeping regulatory reform.

However, agreement has only been reached on condition that
the new authorities do not have the power to order
governments to carry out costly bailouts of stricken
financial groups. London, one of the biggest financial
markets in the world, wanted to ensure that the new
authorities would not be able to land governments
with the bill for propping up failing banks.
http://www.eubusiness.com/news-eu/1245357121.97

Regards,

Nick Prag
Publisher, EUbusiness

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1. EU-Zimbabwe launch new era in ties
-------------------------------------
The European Union and Zimbabwe launched Thursday a new era
in relations with their first official talks in seven
years, with the EU vowing to fully restore ties once
"sticking points" are overcome.
http://www.eubusiness.com/news-eu/1245330121.35

2. EU to sue Germany over farm subsidy disclosure
-------------------------------------------------
The Commission says it will sue Germany for the failure of
Bavarian authorities to publish how much farmers in the
state receive in EU handouts, as required by EU rules.
http://www.eubusiness.com/news-eu/1245164522.3

3. EU steps up security standards for child gear
------------------------------------------------
EU countries agreed on Monday to set Europe-wide security
standards for baby bath articles and childproof locks for
doors and windows, two major causes of fatal accidents
among young children.
http://www.eubusiness.com/news-eu/1245081722.61

4. Microsoft rivals scorn Microsoft's web browser move
------------------------------------------------------
Several rivals of Microsoft have raised doubts about the
merit of the US software giant's plans to strip the
Internet Explorer web browser from its ubiquitous
Windows operating system in Europe.
http://www.eubusiness.com/news-eu/1244816222.06

5. EU tells Sweden to cut subsidies to big metro newspapers
-----------------------------------------------------------
The Commission told Sweden on Wednesday to gradually cut
subsidies to big metro newspapers or face a formal state
aid probe on grounds the aid distorts competition.
http://www.eubusiness.com/news-eu/1245242823.39

6. Crisis clouds summer season for European tourism
---------------------------------------------------
Crowds of tourists stroll along Prague's famous Charles
Bridge, but the Czech capital and other places in Europe
expect a lacklustre tourist season amid the economic crisis.
http://www.eubusiness.com/news-eu/1244949421.65

IFC REQUEST FOR EXPRESSIONS OF INTEREST
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The International Finance Corporation through its Advisory
Services in Europe and Central Asia and via its Azerbaijan
and Central Asia Microfinance Transformation Program
intends to finance the assignment "Strengthening credit
operations in a local microfinance organization".
http://www.eubusiness.com/Members/ifc/credit-operations
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Inside the EU Institutions
==========================

Council Watch
-------------
Pakistan summit: the EU pledged aid to Pakistan Wednesday
for the hundreds of thousands of families displaced by a
government offensive on the Taliban and vowed to help
Islamabad tackle the root causes of extremism.
http://www.eubusiness.com/news-eu/1245251822.13
EU calls on Tehran to launch election probe
http://www.eubusiness.com/news-eu/1245067322.44
EU extends anti-piracy operation for a year
http://www.eubusiness.com/news-eu/1245061157.45
Foreign ministers agree to 'deepen' dialogue with Cuba
http://www.eubusiness.com/news-eu/1245086221.84
Netanyahu speech a step forward but not enough
http://www.eubusiness.com/news-eu/1245087122.64
http://www.eubusiness.com/European_Council

Commission Watch
----------------
Barroso: EC president Barroso, seeking a second term, has
laid out his vision for a protective, all encompassing
continental project, declaring the need for "more Europe".
http://www.eubusiness.com/news-eu/1245319322.85
Commissioner Almunia calls time on Greek deficit
http://www.eubusiness.com/news-eu/1244982723.29
Commissioner Verheugen wants thorough review of Opel plan
http://www.eubusiness.com/news-eu/1245025023.29
Poland seeking key EU economic post
http://www.eubusiness.com/news-eu/1245150122.15
http://www.eubusiness.com/Commission

Euro-Parliament Watch
---------------------
Barroso: the head of the Socialist group in the European
Parliament on Thursday said they would not back
Commission president Barroso's re-election.
http://www.eubusiness.com/news-eu/1245326521.9
Parliament chief blasts Britain's conservatives
http://www.eubusiness.com/news-eu/1245349021.78
Election holds up key EU fraud trial in Bulgaria
http://www.eubusiness.com/news-eu/1245249128.04
Conservatives finish first in Austria EU vote: full results
http://www.eubusiness.com/news-eu/1245093422.18
http://www.eubusiness.com/Europarl

EU diary
--------
18-19 Jun, European Council
22-23 Jun, Agriculture and Fisheries Council
25 Jun, Environment Council
26 Jun, Accession Conference EU - Croatia

The Week Ahead: http://www.eubusiness.com/events/EUcalendar
Long-term diary: http://www.eubusiness.com/events/eu-diary

EUbusiness Community
====================

Events
------
13 Jul, Porto: Technology Policy and Innovation
http://www.eubusiness.com/Rd/ictpi09

21 Sep, Barcelona: Number Portability 2009
http://www.eubusiness.com/Members/iir/np
More events: http://www.eubusiness.com/events

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Comment of the Week
-------------------
Commenting on our piece "Rights groups urge EU to link
Israel ties to human rights", Jacques Fortier writes:

"This is an excellent standard to apply to Israel and other
countries you associate with. Now, life will change in
Europe, as you will no longer buy OPEC oil nor import
goods from China. Good luck."
http://www.eubusiness.com/news-eu/1245066422.74

Policy Forum
------------
European Social Partners' revised agreement on parental
leave: one extra month of parental leave
http://www.eubusiness.com/Social/ueapme.09-06-18
More press: http://www.eubusiness.com/press

Briefing
--------
EU BUILD UP (Energy Performance of Buildings) initiative
http://www.eubusiness.com/Energy/buildup-guide

New EU safety standards for child care products
http://www.eubusiness.com/Consumer/child-care-products

Commission consultation on regulatory strategy to promote
very high speed Internet in Europe
http://www.eubusiness.com/Internet/high-speed-broadband

EU naval operation against piracy
http://www.eubusiness.com/Defence/eu-navfor-atalanta
More briefings: http://www.eubusiness.com/guides

Links
-----
EU Finance Day for SMEs
http://www.eubusiness.com/SMEs/eu-finance-day
More links: http://www.eubusiness.com/links

Jobs
----
Campaign Co-ordinator, Assembly of European Regions
http://www.eubusiness.com/Jobs/aer-job.09-06-17

Consultant, DODS EU Monitoring
http://www.eubusiness.com/Jobs/dods-job.09-06-17
More jobs: http://www.eubusiness.com/jobs

Other news on EUbusiness this week
----------------------------------
EU urges US to loosen grip on Net governance body 18-Jun
http://www.eubusiness.com/news-eu/1245358922.85
Slovenia, Croatia border talks remain deadlocked 18-Jun
http://www.eubusiness.com/news-eu/1245350822.94
EU warns of summer gas shortage 18-Jun
http://www.eubusiness.com/news-eu/1245347221.87
Hundreds of tractors join milk protest in Brussels 18-Jun
http://www.eubusiness.com/news-eu/1245327421.21
Latvians rally against harsh budget cuts 18-Jun
http://www.eubusiness.com/news-eu/1245322022.35
EU, Croatia strike deal on restructure of shipyards 17-Jun
http://www.eubusiness.com/news-eu/1245259924.98
Eurozone trade surplus grows: Eurostat 17-Jun
http://www.eubusiness.com/news-eu/1245231122.8
Eurozone sheds record 1.2m jobs in 1st quarter 15-Jun
http://www.eubusiness.com/news-eu/1245060123.21

Market Research: http://www.eubusiness.com/market-research
Companies: http://www.eubusiness.com/europages
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Newswire online: http://www.eubusiness.com/Newswire

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