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Hungary under EC pressure - EUbusiness Week newsletter 558


EUbusiness Week 558 top stories: France and Spain sell bonds as IMF mulls euro bail-out; EU to sanction Iran bank, Greece holds up oil embargo; EU, US meet as fresh Airbus sanctions loom; EU urges China to join WTO procurement deal; Pragmatic Croatians set to back EU membership; UK faces EU renegotiation over Scottish independence

This Week's Top Stories

1. France and Spain sell bonds as IMF mulls euro bail-out
2. EU to sanction Iran bank, Greece holds up oil embargo
3. EU, US meet as fresh Airbus sanctions loom
4. EU urges China to join WTO procurement deal
5. Pragmatic Croatians set to back EU membership
6. UK faces EU renegotiation over Scottish independence

Publisher's Note

Hungary's Prime Minister Viktor Orban, at the European Parliament this week, struggled to defend his right-wing government's right to institute laws which undermine the independence of its central bank, judiciary and data protection authority. Recent media reforms appear also to be leading to the shutting down of the only nationwide opposition radio station in the country.

As the country veers away from core EU values of freedom and democracy, the Commission is threatening legal action. With Hungary hoping for a credit line from the EU and the IMF, Mr Orban may soon have little alternative but to bow to the EC pressure that is growing by the day.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. France and Spain sell bonds as IMF mulls euro bail-out

France and Spain successfully raised funds at lower rates on the markets Thursday despite a raft of eurozone credit downgrades, while Greece got the prospect of more rescue loans from the IMF.
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Bailouts only for states signing EU budget pact: draft

2. EU to sanction Iran bank, Greece holds up oil embargo

EU nations have agreed to sanction Iran's central bank, freezing assets used to finance its nuclear drive, but have yet to clinch an oil embargo deal that could penalise debt-hit Greece.
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3. EU, US meet as fresh Airbus sanctions loom

US and European officials have held crunch talks in Geneva, in an effort to stop a long-running aerospace trade war from escalating via fresh multi-billion dollar US sanctions against Europe.
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4. EU urges China to join WTO procurement deal

The EU on Tuesday called on China to adhere to a new agreement reached by members of the World Trade Organization to further open up government procurement -- a market worth hundreds of billions of euros.
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5. Pragmatic Croatians set to back EU membership

Voters are set to narrowly endorse Croatia's entry into the EU on Sunday in a referendum that leaders hope will cement its place in the heart of Europe, two decades after winning independence.
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6. UK faces EU renegotiation over Scottish independence

Britain would have to renegotiate its EU membership if Scotland voted for independence, according to senior EU sources, as Scotland and England fight a high-stakes referendum battle.
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EUROPEAN CASE LAW

Hens: the Commission warned Thursday that it would launch legal action in the coming days against 14 EU countries that still allow farmers to keep egg-laying hens in cramped, illegal cages.
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French court orders Total to pay EUR 300,000 fine over leak
Latest Court of Justice judgements
EU Law Firms
EU Law ...

Inside the EU Institutions

Council Watch

S&P: two weeks before a new summit, European leaders are under pressure to deliver a credible solution to the debt crisis after Standard & Poor's punished their policies with stinging credit downgrades.
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EU readies new sanctions over Syria repression
EU could begin lifting Myanmar sanctions in February
Council ...

Commission Watch

EU patent: Internal Market Commissioner Michel Barnier said Wednesday he hoped that a final agreement for a single European patent would be reached within days, ending a three-decade struggle for a deal.
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EU doubles Sahel humanitarian aid to EUR 95m
Commission ...

Euro-Parliament Watch

New president: German Socialist Martin Schulz took over Tuesday as new head of the European Parliament, vowing to give Euro-MPs more say at a time of "closed doors" decision-making by government "diktat".
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From Berlusconi foe to EU Parliament chief
In plenary this week, MEPs called for better management of e-waste; urgent measures to halve food wastage in the EU; and stricter controls on pest control products.
Parliament ...

EU diary

23 Jan, Eurogroup meeting
23 Jan, Agriculture and Fisheries Council
23 Jan, Foreign Affairs Council
24 Jan, Economic & Financial Affairs Council
30 Jan, European Council (informal)
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

Croatian support for EU membership steady at 60% 19-Jan

 

Spanish fold-up car to be unveiled at EU 19-Jan

 

EU launches talks with Kosovo on visa free regime 19-Jan

 

Weak euro will hurt drivers at the pump: Total CEO 19-Jan

 

IMF aims to raise $500 bn as euro crisis rages 18-Jan

 

Poles top Europe's fruit and veg charts: survey 18-Jan

 

Portugal drops extended working day, agrees reforms 17-Jan
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