EUbusiness Week 540 top stories: Eurozone agrees EUR 159bn Greece rescue; EU seeks to tighten banking rules; EU urges Bulgaria to step up fight against corruption; EU divided over fishing reform plan; EU tightens nuclear waste disposal rules; China scores broad win in WTO fastener appeal against EU
This Week’s Top Stories
1. Eurozone agrees EUR 159bn Greece rescue
2. EU seeks to tighten banking rules
3. EU urges Bulgaria to step up fight against corruption
4. EU divided over fishing reform plan
5. EU tightens nuclear waste disposal rules
6. China scores broad win in WTO fastener appeal against EU
Publisher’s Note
As EU leaders battled the euro crisis, the European Commission did its bit for growth and jobs this week by announcing funding of EUR 7bn to kickstart innovation through research. The EC’s biggest ever funding package is aimed at creating around 174,000 jobs in the short term, and 450,000 jobs and nearly EUR 80bn in GDP growth within the next 15 years.
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Regards,
Nick Prag
Publisher, EUbusiness
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1. Eurozone agrees EUR 159bn Greece rescue
Eurozone leaders agreed Thursday, alongside the private sector, to pour another 159 billion euros into Greece to stop debt contagion across Europe, even at the risk of triggering a dramatic default.
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Banks offer Greece EUR 135bn rollover plan
2. EU seeks to tighten banking rules
The Commission unveiled new banking rules Wednesday that would force banks to raise more capital and threaten sanctions to prevent risks that could trigger a new financial crisis.
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Eight European banks fail EU stress tests
3. EU urges Bulgaria to step up fight against corruption
Bulgaria needs to take urgent action to improve the battle against corruption and organised crime, while Romania has made progress in those areas, the Commission says in a report.
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4. EU divided over fishing reform plan
Major European fishing states voiced deep reservations Tuesday over a controversial Commission proposal to reform the sector in a bid to replenish fish stocks within four years.
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5. EU tightens nuclear waste disposal rules
The Union has tightened rules on the disposal of radioactive waste with strict conditions on exporting it outside EU borders, but the move has not pleased environmentalists.
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6. China scores broad win in WTO fastener appeal against EU
China has scored a broad victory at the WTO in its appeal against Brussels over EU anti-dumping measures imposed on imports of Chinese metal fasteners such as nuts and bolts.
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EUROPEAN CASE LAW
Romania: Romanian President Traian Basescu has accepted a Commission report on the country’s judiciary, saying it showed the system’s progress as well as its shortcomings.
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Take us to court, Danish minister tells EU over border row
EU-wide domestic violence rules possible this year: Poland
Latest Court of Justice judgements
Official Journal latest issues
EU Law …
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Inside the EU Institutions
Council Watch
Syria: a clutch of EU foreign ministers called for change in Syria on Monday, with Britain’s chief diplomat telling President Bashar al-Assad that he must reform or stand down.
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Britain vetos EU military HQ plans
Erdogan threatens freeze with EU during Cypriot presidency
EU hails Hadzic arrest as key step in Serbia’s EU bid
Council …
Commission Watch
Denmark borders: the Commission warned on Monday that Denmark has failed to justify a controversial decision to increase controls at its borders with Germany and Sweden.
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EU resumes aid to Niger
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Euro-Parliament Watch
Euro stability agency: Greek Prime Minister George Papandreou joined Saturday fellow European socialists in a call for a dedicated agency to stabilise euro debt and for limiting the power of credit rating agencies.
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This week a delegation from the European Parliament visited South Sudan to assess the humanitarian situation; and an EP delegation to Tunisia called for rapid action to help in the resettlement of refugees from war-torn countries who are in camps in the Tunisian-Libyan border.
Parliament …
EU diary
21 Jul, Meeting of eurozone Heads of State or Government
22 Jul, Economic & Financial Affairs Council (budget)
4 Aug, Governing Council of the European Central Bank
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
IMF will ‘play its part’ in new Greek bailout: Lagarde 21-Jul
Finland revokes visa for war crimes suspect 21-Jul
Berlusconi firm to pay EUR 560m fine 21-Jul
EU increases aid for Philippines investigators 21-Jul
Poland brokers EU deal on Nabucco gas pipeline: report 20-Jul
Debt catches up with eurozone, US 20-Jul
