EU needs Luxembourg's negotiating skills - EUbusiness Week newsletter 712
EUbusiness Week 712 top stories: Greece submits new bailout plan to avoid euro exit; Climate: EU Parliament backs reform of carbon market; EU says MasterCard overcharges customers, retailers; Green Austria on warpath against nuclear power in Europe; MEPs demand public dispute system for US trade deal; Euro increasingly used as funding currency, ECB says
2015 is a good year for EU presidencies: first Latvia, where my
grandparents came from; and since 1 July, Luxembourg, where I grew up.
The extent of the new presidency's challenges and its priorities differ little from Latvia's, with Greece (maybe less so after this weekend) and Russia continuing themes. Much needed in the next six months will be Luxembourg's capacity to mediate and reach compromises, without which, says EP president Schulz, Europe "could not progress".
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1. Greece submits new bailout plan to avoid euro exit
Greece submitted new bailout reform plans to an impatient eurozone on
Thursday in a last-ditch effort to save the country's collapsing economy
and its fragile place in the single currency.
For Greece's ill, crisis a matter of life or death
How to do 'Grexit': Stepping out of the eurozone
2. Climate: EU Parliament backs reform of carbon market
The European Parliament on Wednesday approved plans to overhaul the EU's
carbon market, a key part of strategies to curb the EU's global-warming
3. EU says MasterCard overcharges customers, retailers
The EU said Thursday that US credit-card giant MasterCard overcharged
customers and retailers, having already found rival Visa at fault over
fees levied on card payments.
4. Green Austria on warpath against nuclear power in Europe
Austria's announcement that it will challenge state aid for a new
nuclear plant in Britain marks the latest step in a solo campaign to
roll back atomic energy in Europe.
5. MEPs demand public dispute system for US trade deal
Members of the European Parliament demanded Wednesday that the proposed
free trade deal with the United States drop a US-backed private dispute
settlement system in favour of public procedures in open court.
6. Euro increasingly used as funding currency, ECB says
International borrowers are increasingly turning to the euro when
borrowing money, thanks to the low interest rates in the single currency
area, says the European Central Bank.
Inside the EU Institutions
Migrants: France and Germany agreed Thursday to accept some 21,000
asylum-seekers and refugees as part of EU efforts to deal with the flood
of migrants seeking refuge from conflicts across North Africa and the
Merkel insists Greece debt haircut 'out of the question'
Latvia's Vejonis sworn in as EU's first Green president
Texting Tsipras: angry Commission chief Jean-Claude Juncker berated
Euro-MPs who heckled him for looking at his phone during a parliamentary
debate Tuesday, saying he was texting the Greek prime minister.
Juncker wants 'to avoid Grexit'
EU foreign policy chief says Iran deal 'very close'
Circular economy: Parliament on Thursday urged EU countries to cut down
on waste by getting supermarkets to give their unsold food to charities,
rather than destroy it.
Founder of Germany's anti-euro AfD quits party
In plenary this week, MEPs debated copyright reform, including ways to improve access to online content across borders while recognizing the importance of territorial licences, particularly for TV and film productions; and looked to the Capital Markets Union to ease cross-border investment and finance for SMEs.
Other news on EUbusiness this week
Greek crisis: Key events since referendum 9-Jul
EU to help Balkan countries struggling with migrants 8-Jul
French exposure to possible Greek default EUR 65 bn 8-Jul
Last-minute tourist reservations for Greece plunge 30% 8-Jul
Art imitates life as Frankfurt overhauls Euro sculpture 7-Jul
Amnesty accuses Balkans of abusing EU-bound migrants 8-Jul
Austria delays complaint against UK nuclear plant 29-Jun
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LinksProgramme of the Luxembourg Presidency
Is the ECB "expropriating" savers?