
Deep divisions on display over post-Brexit EU budget
EU leaders discussed the EU's next buget, for 2021-2027, for the first time in detail, still without numbers. Positions are entrenched and are far away from each other.
Monday
28th Oct 2019

EU leaders discussed the EU's next buget, for 2021-2027, for the first time in detail, still without numbers. Positions are entrenched and are far away from each other.

Ursula von der Leyen's in-tray must include those European executives on trial for systematic workplace harassment, the break-up of European slavery rings, and allegations of European companies' abuse in palm oil, including child labour, land grabs, and deforestation.

What priority will new EU leaders Ursula von der Leyen and Charles Michel give to furthering the bloc's limited relationship with the Arab world?
Brexit may have another victim and it is the EU budget for 2021-2027.
Christine Lagarde will succeed European Central Bank president Mario Draghi at a time of deepening polarisation among eurozone member states. It will take all of her skills as a leader and communicator to safeguard the institution's independence.
The Frankfurt-based European Central Bank is set to get its first female leadership after the EU leaders in Brussels nominated Christine Legarde, who is current managing director of the International Monetary Fund.

A new report from Oxfam reveals that many of the people producing the food on sale in European supermarkets are victims of poverty pay, harsh working conditions, gender discrimination, and human rights abuses.

Rule-violating digital firms should only be broken up as a last resort and fines were a better way to keep them in line, the EU's "tax lady", Margrethe Vestager, told MEPs.

National courts in EU states can order Facebook to delete content "worldwide", Europe's top tribunal has ruled, in what the US social media giant called an attack on free speech.

The Austrian politician, who has been a commissioner for the last ten years, won the support from MEPs as he pledged he would be an "honest broker" in budget talks.
French president Emmanuel Macron's EU nominee risks being scalped by the EP after a difficult hearing that focused on her financial improprieties.
After a 15-year legal battle, the US was given the green light to impose tariffs on EU products. The EU is threatening countermeasures but wants to negotiate. Transatlantic ties have suffered another blow.
Phil Hogan, the current agriculture commissioner, told MEPs the EU needs to defend itself in trade disputes but will try to work together with the US, if Washington is a willing partner.
The German federal government has passed a blockchain strategy designed to unlock the potential of this new technology, in both Germany and Europe, and prevent the risks associated with its implementation.
The European Investment Bank's Board on Tuesday should back its proposal to become the EU's 'Climate Bank' and phase out fossil fuels from its portfolio.
The German chancellor's visit to China starts Thursday. She must signal to Beijing that Europe is serious and united in its newly critical approach to China - and show Washington that there are less destructive ways to deal with differences.
Wealthy EU nations should spend more to help central banks protect the economy, the likely next head of the European Central Bank (ECB) has said.
Germany has comfortable margins to abandon - at least temporarily - its fiscal orthodoxy and support its society and Europe in a time of global economic uncertainty and slower growth.
In its annual report, the EU's anti-fraud agency said it concluded nine investigations into Hungary and found irregularities in seven cases. In total, the agency recommended the recovery of €371m EU-wide.

Merkel wants an US-EU trade deal as soon as possible, she said, amid potential US tariffs on the car industry, a vital German sector in hard times.

The EU has little to lose and much to gain from such a move, not least to demonstrate moral leadership on an issue of global concern.
A European financial regulatory body set up after the financial crisis is at loggerheads with the European Commission over whether to carry out a transparency review of certain financial products. The reason: Brexit.
Tax haven-based companies win roughly five percent of value of public tenders throughout EU member states, according to a study

EU commissioners defended a far-reaching free trade agreement between the EU and four Latin American countries, against critics who fear it will damage European farmers' livelihoods and the global environment.

France has passed a new tax on tech companies that will affect US global giants like Facebook. Donald Trump has threatened retaliatory tariffs over it. The EU commission says it will "coordinate closely with French" on the next steps.
Eurozone banks, such as Deutsche Bank, might be much more vulnerable to a repeat of the 2008 financial crisis than EU "stress-tests" have said, according to a new audit.
Greece has ended its four-year romance with the far left in a victory for the centre-right New Democracy party in Sunday's elections.

Internal movement will cause a radical reshuffling of the EU population by 2060 unless trends moderate. Under current conditions, dramatic population reductions await Romania (-30 percent), Croatia (-30 percent), and Lithuania (-38 percent) among others.

The EU's top banks ought to keep more money in reserve, making them less profitable, in order to prevent another 2008-type crisis, Europe's banking supervisor has said.
The US has listed 89 more European products that could be hit with tariffs in a dispute on aircraft subsidies, but EU leaders have no time for trade talks on Tuesday.
German MEP and member of the Economic and Monetary Affairs Committee, Markus Ferber, warns of four separate threats from Facebook's Libra. A good moment to kick off the debate would be this week's G20 summit.

Tobacco company British American Tobacco sponsored the popular Playbook newsletter this week - saying it is not against the law because the advertisements were not about specific products. Now the Belgian authorities are preparing to investigate.

Behind the smiles and handshakes, the signature of the EU-Vietnam trade and investment deals agreed on Tuesday and to be signed this week have dire consequences for human well-being and our ability to prevent climate and ecological breakdown.