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Options for CAP reform - EUbusiness Week 492


04-06-2010

EUbusiness Week 492 top stories: Europe sets out planned curbs on US rating agencies; EU Court deals setback to online betting sites; EU, Russia unite on economy but rights strains remain; ECB sends mixed messages on bond purchases; EU bids to ban export of hunting rifles; European firms failing to tackle work-related stress

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EUbusiness Week - Issue 492
4 June 2010
http://www.eubusiness.com
Your way through the EU information maze
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This Week's Top Stories
=======================
1. Europe sets out planned curbs on US rating agencies
2. EU Court deals setback to online betting sites
3. EU, Russia unite on economy but rights strains remain
4. ECB sends mixed messages on bond purchases
5. EU bids to ban export of hunting rifles
6. European firms failing to tackle work-related stress

Publisher's Note
================
Spain's Extremadura region was the enticing venue last week
for EU farm ministers meeting to review options for the
future of the Common Agricultural Policy. With food
production subsidies accounting for around 40 per cent of
total EU spending, the Commission plans to present proposals
for a reworking of the policy in November, with a view to a
new CAP coming into effect on January 1, 2014.

Member States are staking their positions. Britain leads a
small group opposed to what it sees as a costly system of
subsidies to bolster an inefficient farming industry. France
and Germany, the main beneficiaries of farm subsidies, have
pledged to defend the CAP from deep cuts. Signs are that
even they understand the need to revise traditional criteria
for subsidies. The issue is how far to go and at what speed.
http://www.eubusiness.com/news-eu/economy-farm.4zr

Regards,

Nick Prag
Publisher, EUbusiness

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1. Europe sets out planned curbs on US rating agencies
------------------------------------------------------
Europe set out plans on Wednesday to curb US-based credit
rating giants and impose new rules on finance companies
so as to rein in risky trading.
http://www.eubusiness.com/news-eu/finance-economy.4zz
S&P cuts EU home Brussels' credit rating
http://www.eubusiness.com/news-eu/belgium-economy-sp.4zl

2. EU Court deals setback to online betting sites
-------------------------------------------------
In a setback for online betting sites, the European Court of
Justice has ruled that Member States are allowed to ban them
from operating, to help combat fraud and protect consumers.
http://www.eubusiness.com/news-eu/court-netherlands.50g

3. EU, Russia unite on economy but rights strains remain
--------------------------------------------------------
EU leaders pledged to join Russia in its drive to modernise
its economy at a summit marked by rare harmony but shadowed
by European criticism over human rights.
http://www.eubusiness.com/news-eu/russia-diplomacy.4zb

4. ECB sends mixed messages on bond purchases
---------------------------------------------
The European Central Bank has sent mixed messages on its
radical switch of policy to buy government bonds, with its
head defending the move and the German central bank chief
criticising them.
http://www.eubusiness.com/news-eu/ecb-finance-economy.4yn

5. EU bids to ban export of hunting rifles
------------------------------------------
European regulators on Monday urged EU governments to adopt
new rules banning the international export of hunting
rifles and other arms for civilian use.
http://www.eubusiness.com/news-eu/hunting-animal-arms.4yy

6. European firms failing to tackle work-related stress
-------------------------------------------------------
Work-related stress is a major concern to most European
companies and the financial crisis is aggravating the
problem but less than a third are dealing with it, says
an EU survey.
http://www.eubusiness.com/news-eu/health-psychology.50n

EUROPEAN CASE LAW
=================
Green laws: the Commission has announced that it is taking
six Member States to court for failing to transpose EU
environmental rules into national law.
http://www.eubusiness.com/news-eu/environment-court.50h
Member States on way to make cross-border divorces easier
http://www.eubusiness.com/news-eu/cross-border-divorces.106
Court slams Germany for ill-treating suspect
http://www.eubusiness.com/news-eu/germany-court-human.4zp
http://www.eubusiness.com/eulaw
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Caselex offers Supreme Court cases linked to Community law
from national and European Courts. Free 30 day license for
EUbusiness readers - thereafter at a special introductory
discount of 20 per cent
http://www.eubusiness.com/caselex-30
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Inside the EU Institutions
==========================

Council Watch
-------------
Drugs: interior ministers agreed Thursday to target
"colossal" profits from drug trafficking and to work
together to cut off heroin and cocaine routes into Europe.
http://www.eubusiness.com/news-eu/drugs.50q
EU, US agree common anti-terror position
http://www.eubusiness.com/news-eu/us-attacks-qaeda.50p
Finance ministers to fix emergency fund Monday: Juncker
http://www.eubusiness.com/news-eu/finance-economy.50r
Western Balkans' future 'is in European Union'
http://www.eubusiness.com/news-eu/balkans-summit.4zx
EU aims to bridge the digital divide
http://www.eubusiness.com/news-eu/digital-agenda.315
http://www.eubusiness.com/European_Council

Commission Watch
----------------
Bank tax: Commission chief Jose Manuel Barroso spoke out
Wednesday for a financial transaction or bank profit tax
but admitted it will be "extremely difficult" to get
global agreement on such a levy.
http://www.eubusiness.com/news-eu/finance-econom-tax.508
Spain, Portugal deficit cuts a 'substantial improvement'
http://www.eubusiness.com/news-eu/eurozone-spain.507
EU hopes for 'ambitious outcome' at Cancun summit
http://www.eubusiness.com/news-eu/un-climate-warming.50m
Barroso "deeply shocked" by deadly rampage in England
http://www.eubusiness.com/news-eu/britain-crime.50b
http://www.eubusiness.com/Commission

Euro-Parliament Watch
---------------------
MEPs back compensation for bus and and boat travellers
http://www.eubusiness.com/news-eu/travel-rules.106
MEPs call for harmonisation of copyright at European level
http://www.eubusiness.com/news-eu/vcopyright.106

Also in committee this week, the Economic and Monetary
Affairs Committee called for clearer and tougher EU rules on
derivatives trading, and discussed proposals to strengthen
Eurostat's powers and improve the quality of budgetary
deficit data; the Regional Development Committee urged more
flexible access to EU regional funds to help regions worst
hit by the economic crisis to recover faster; and the
Environment Committee said that some substances, including
halogenated flame retardants and PVC, should undergo
further assessments for safe use in electrical equipment.
http://www.eubusiness.com/Europarl

EU diary
--------
7 Jun, Eurogroup meeting
7-8 Jun, Employment and Social Affairs Council
10 Jun, Governing Council meeting of the ECB
14 Jun, General Affairs and Foreign Affairs Council
14-17 Jun, European Parliament Plenary Session
17 Jun, European Council
21 Jun, Environment Council

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

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

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Analysis
--------
Recession: as European governments rush to cut budget
deficits with draconian austerity measures, experts are
warning that the fallout could mean a shutdown in
Europe's tentative economic recovery.
http://www.eubusiness.com/news-eu/finance-economy.4y4

So it is getting warmer - Stephen Tindale, Climate Answers
http://www.eubusiness.com/Members/climateanswers/10-06-03
http://www.eubusiness.com/features

Policy Forum
------------
Broken promises and lack of support are holding back SMEs
http://www.eubusiness.com/Members/UEAPME/ueapme.10-06-01

ECJ rules on Dutch gambling laws - Industry calls on the
European Commission to propose legislation at EU level
http://www.eubusiness.com/internet/egba-10-06-03
More press: http://www.eubusiness.com/press

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Events
------
1 Jul, Olten: Technologies and tools for e-government
http://www.eubusiness.com/internet/MeTTeG.10

5 Jul, Vienna: Int'l Workshop on Enterprise Crowdsourcing
http://www.eubusiness.com/internet/crowdsourcing.10
More events: http://www.eubusiness.com/events

Jobs
----
Association Coordinator, Interel Association Management
http://www.eubusiness.com/health/interel.10-05-14

Officer Services, Capital, Persons and Programmes, EFTA
http://www.eubusiness.com/trade/efta.10-05-25
More jobs: http://www.eubusiness.com/jobs

Briefing
--------
Improving EU supervision of Credit Rating Agencies
http://www.eubusiness.com/finance/credit-rating.01

Commission Green Paper on corporate governance in financial
institutions and report on remunerations
http://www.eubusiness.com/finance/governance.02

Firearms for civilian use: stricter EU rules to combat
illicit trafficking
http://www.eubusiness.com/living-in-eu/firearms.01
More briefings: http://www.eubusiness.com/guides

Publications
--------------
European Survey of Enterprises on New and Emerging Risks
http://www.eubusiness.com/employment/osha-esener.10
More publications: http://www.eubusiness.com/EUbooks

Other news on EUbusiness this week
----------------------------------
EU warns Finland on personal tax data 3-Jun
http://www.eubusiness.com/news-eu/belgium-taxation.306
EU final warning to UK over air pollution levels 3-Jun
http://www.eubusiness.com/news-eu/britain-court.50l
Opposition mounts to euro adoption in Sweden: poll 3-Jun
http://www.eubusiness.com/news-eu/sweden-eurozone.50i
EU accepts BT/Ofcom plans for 'virtual unbundling' 2-Jun
http://www.eubusiness.com/news-eu/telecoms-uk.206
Iran denounces European 'intolerance' over burqa 2-Jun
http://www.eubusiness.com/news-eu/iran-religion-islam.500
Garuda Indonesia resumes flights to Europe 1-Jun
http://www.eubusiness.com/news-eu/indonesia-aviation.4za
Europe posts record unemployment 1-Jun
http://www.eubusiness.com/news-eu/eurozone-economy.4z5
Euro economic sentiment down in May 31-May
http://www.eubusiness.com/news-eu/eurozone-economy.4y6

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