EUbusiness Week 587 top stories: EU seeks $12 bn yearly sanctions against US over Boeing; EU plans airline industry shake-up; Brussels eyes cloud computing heaven; Brussels looks to culture to boost jobs; Chateau labels for US wine ‘cheating consumers’; A third of urban Europeans exposed to polluted air
This Week’s Top Stories
1. EU seeks $12 bn yearly sanctions against US over Boeing
2. EU plans airline industry shake-up
3. Brussels eyes cloud computing heaven
4. Brussels looks to culture to boost jobs
5. Chateau labels for US wine ‘cheating consumers’
6. A third of urban Europeans exposed to polluted air
Publisher’s Note
The beneficiaries of EU farm subsidies will come under greater scrutiny following the Commission’s adoption this week of new rules on the publication of information on the beneficiaries of European agricultural funds.
The legislative review, prompted by a 2010 European Court of Justice judgement, has been seen as an opportunity to increase the transparency and accountability of the common agricultural policy.
Improving oversight of public spending and explaining who gets what and what it’s for is clearly important. As eutransparency.org states, budget transparency is a powerful safeguard against waste, fraud and abuse of EU funds.
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Regards,
Nick Prag
Publisher, EUbusiness
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1. EU seeks $12 bn yearly sanctions against US over Boeing
Brussels on Thursday sought WTO approval for trade sanctions against Washington worth $12 billion a year, the latest twist of a long-running EU-US row over subsidies to aviation giants Airbus and Boeing.
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2. EU plans airline industry shake-up
The EU is to get tougher rules to ensure fair competition and protect its airline companies as it seeks to boost an industry vital to the wider economy, says the Commission.
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3. Brussels eyes cloud computing heaven
With the cloud computing business still in its relatively early days, the Union has moved to secure a toehold in a potentially lucrative market it says could deliver 2.5 million new jobs.
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4. Brussels looks to culture to boost jobs
The Commission has called for a huge increase in investment in the cultural and creative industries, which account for up to 8.5 million jobs, saying they are a key motor for Europe’s growth.
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5. Chateau labels for US wine ‘cheating consumers’
Bordeaux wine producers warned Monday that an EU decision to authorise their US rivals to use the term ‘chateau’ on bottles sold in Europe would amount to “cheating consumers”.
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6. A third of urban Europeans exposed to polluted air
Nearly a third of Europe’s urban population is exposed to air particles that breach European Union limits, an official report said on Monday.
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EUROPEAN LAW
ESM treaty: Eurozone governments approved on Thursday a tweak to the treaty setting up the European Stability Mechanism, to take account of extra democratic controls sought by the German Constitutional Court.
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Corruption in Bulgaria up to triple the EU average: study
Latest Court of Justice judgements
EU Law Firms
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Inside the EU Institutions
Council Watch
ESM: Germany’s president on Thursday ratified the EU’s EUR 500 bn firewall to help struggling eurozone countries, paving the way for the fund to come into force on October 8.
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Van Rompuy wants fresh urgency on euro crisis
EU calls for calm in Japan v. China, Taiwan isle dispute
Council …
Commission Watch
Gazprom: an EU probe of alleged abuse of market muscle by Russian giant Gazprom is not political and simply aims to create a level playing field, Competition Commissioner Joaquin Almunia said on Thursday.
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Rehn welcomes ‘ambitious’ Spanish measures
EU grants Pakistan flood, unrest aid
Commission …
Parliament Watch
MIFID: the EP’s economic affairs committee has unanimously agreed new rules based on a proposal last year by the Commission to update EU regulation on markets in financial instruments, known as MIFID.
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Russia’s Pussy-Riot, Iran’s Panahi short-listed for Sakharov
In committee this week, MEPs said Member States need to stop dragging their feet on the single market; and recommended rejection of the Council and European Environment Agency accounts for 2010.
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EU diary
4 Oct, Employment, Social, Health, Consumer Council
9 Oct, Economic and Financial Affairs Council
10 Oct, Commission: industrial policy communication update
10 Oct, Commission adopts the 2012 enlargement package
10-11 Oct, Competitiveness Council
15 Oct, Foreign Affairs Council
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
Greek coalition agrees on ‘main points’ of cuts 27-Sep
Business, consumers gloomier about eurozone economy 27-Sep
EU extends Dexia guarantee clearance to Jan 2013 26-Sep
EU to launch drive for anti-fraud prosecutors 26-Sep
EU solar panel makers want fresh China probe 25-Sep
S&P lowers eurozone growth forecasts 26-Sep
Microsoft faces fine over browser commitment 25-Sep
