Archive for the ‘European Union’ Category

As goes France, so goes the EU – POLITICO.eu

PARIS When France sneezes, Europe catches pneumonia.

Rarely have the French faced a starker choice of European futures than in this years presidential election, where theyll vote for bye-bye European Union or back to a Europe of Nations or even fast forward to a more integrated Union.

If the opinion polls are accurate and fickle voters, angry with the political class, dont change their minds at the ballot box, the second-round runoff on May 7 is likely to pit anti-EU nationalist Marine Le Pen against pro-EU centrist Emmanuel Macron. Still in contention in the first round on April 24 are conservative Gaullist Franois Fillon and evergreen leftist Jean-Luc Mlenchon.

Le Pen has promised to take France out of the euro and the Schengen open-border zone, reintroduce the franc and reimpose border controls and trade barriers, and has said she will call a referendum on leaving the European Union altogether within six months if the bloc isnt receptive to her proposals for a radical treaty renegotiation.

It is no exaggeration to say that a Le Pen victory could deal a fatal blow to the eurozone and the EU, which can survive a Brexit but would be mortally wounded by a Frexit. Germanys federal election on September 24 matters too, but isless uncertain the German vote is bound to produce another coalition led by one or the other pro-European mainstream party. For now, all eyes are on Paris.

Europe is locking us up, Europe is forbidding us, Europe is bullying us Marine Le Pen

France, unlike Britain which joined the EU late and was always semi-detached has been a central pillar of European construction from the outset. Its passions and tantrums have dictated the tempo and shape of integration.

From the failure of the European Defense Community to the Treaty of Rome, from De Gaulles vetoes of Britains first membership bids to the empty chair crisis and the Luxembourg compromise; from the creation of the European Monetary System and the euro to the rise and fall of the proposed European constitution, the European project has advanced or retreated at Frances pace.

The result of the May 7 vote, and of subsequent parliamentary elections in June, will determine whether the EU is plunged into existential crisis or given a new lease of life with the prospect of a Franco-German grand bargain to deepen European economic, monetary and defense cooperation.

Neither French front-runner can necessarily count on a parliamentary majority to implement their program and their promises may well be tempered by the influence of the political and business establishment.

Franois Fillon speaks during a press conference at his headquarters in Paris | Yoan Valat/EPA

Yet in the wake of Britains vote to leave the EU and the election of Donald Trump in the United States, the choice between isolationism and internationalism, between a closed, protectionist, angry France and an open, economically liberalizing, optimistic one is a litmus test that will shape Europes future for years to come.

Europe is locking us up, Europe is forbidding us, Europe is bullying us, Le Pen declared during a television debate among the main candidates last month. I dont aspire to administer what would have become a mere region of the European Union. I dont wish to be vice chancellor to [German Chancellor Angela] Merkel.

Aware that her plan for an economic and monetary leap into the unknown scares the middle-class voters she needs to win over to reach 50 percent in the runoff, Le Pen has kept quiet about leaving the euro, seeking, instead, to project a reassuring Im-on-your-side image and appear stateswoman-like by meeting Russian President Vladimir Putin or addressing the parliament in Chad.

Perhaps surprisingly, given the current grumpy, Euroskeptical mood in France, polls predict the most pro-European candidate, 39-year-old favorite Macron, has the best chance of beating the far-right leader in the runoff. This despite his avowed support for pooling more sovereignty in the eurozone and building a European defense union in close partnership with Germany.

In one of the rare dramatic exchanges in this weeks marathon TV debate among the 11 candidates, he accused Le Pen of proposing economic war.

Macron, who was top economic adviser and then economy minister under Socialist President Franois Hollande before resigning last year, is the only candidate who has promised to adhere to Frances much-neglected European obligation to bring its budget deficit below 3 percent of gross domestic product. His commitment to fiscal responsibility and economic reform, and his sudden rise to front-runner, won him an audience with Merkel last month after the center-right German chancellor had declined to make time for him probably out of tribal loyalty to her French conservative allies when he visited Berlin in January.

The leader of the grassroots movement En Marche is taking political risks not only by embracing more ambitious European integration but also by hailing Merkels decision to welcome roughly 1 million refugees and migrants in the summer of 2015 as a move that saved Europes collective dignity. Merkels open-door policy has been widely criticized in France, where Hollande accepted EUs mandated quota of refugees as quietly and unenthusiastically as possible and was relieved when it turned out that few refugees came.

French presidential hopeful Jean-Luc Mlenchon | Franois Nascimbeni/AFP via Getty Images

Macron is backed by federalists including liberal MEP Sylvie Goulard, who accompanied him to Germany, and former Greens leader Daniel Cohn-Bendit. He chose Berlins Humboldt University, where former German Foreign Minister Joschka Fischer called for a European federation in a celebrated speech in 2000, to issue his own call for a eurozone budget with a borrowing capacity to fund public investment and help protect countries hit by economic shocks, as well as a European defense fund to finance military research and joint arms procurement.

The third man in the race, Fillon, offers a more sovereignty-focused approach to the EU, saying in Tuesdays debate, Its time for France to take back the controls of the European Union.

But, dogged by successive scandals for using taxpayers money to employ family members as political aides, Fillon has struggled to gain traction with his vision of a more inter-governmental Europe of nation states.

Fillon has vowed to shrink the regulatory intrusion of the European Commission and put a directorate of national leaders in charge of the eurozone, taking fiscal supervision away from the EU executive. He backs a powerful Franco-German axis because without a strong entente between our two countries, there would be no Europe, and our continent would be open to the Americans, the Russians, the Chinese.

Firebrand leftist orator Mlenchon has said he would demand a complete negotiation of the EU treaties to put an end to fiscal austerity.

Merkel has been publicly reserved about Fillon especially since the scandal broke, the day after his visit to Berlin, an occasion he used to criticize her immigration policy. A German source said the chancellor was impressed by the determination he expressed to roll back the frontiers of the state and face down the trade unions but was aware of the resistance to reform in France.

Meanwhile, the champions of the divided French left with little to no chance of surviving the first round of elections vie with utopian visions of a reinvented free-lunch socialist Europe.

Firebrand leftist orator Mlenchon has said he would demand a complete negotiation of the EU treaties to put an end to fiscal austerity, make the European Central Bank print money to fund investment and write off government debt, and impose a European protectionism of solidarity to shield jobs. Asked how he would convince other Europeans, notably the Germans, to accept such change, he told an audience this week, We can afford to create a balance of forces and threaten to walk out, because we are not [Prime Minister Alexis] Tsipras Greece, we are France.

Ultimately, the European future that emerges from Frances ballot boxes may hinge above all on the next presidents ability to revive the economy with reforms that restore a more balanced partnership with Germany.

Paul Taylor writes POLITICOs Europe At Large.

Excerpt from:
As goes France, so goes the EU - POLITICO.eu

European Union Tells Hungary and Poland To Accept Mass Migration Or Leave – Breitbart News

SIGN UP FOR OUR NEWSLETTER

The two nations have ignored Brussels insistence that they take migrants presently residing in great numbers in Italy and Greece. Public opinion in Hungary and Poland is also strongly against being forced to accept thousands of migrants from non-European cultures.

Polands conservative Law and Justice Party (Prawo i Sprawiedliwo PiS) swept to victory in 2015, partly due to voter anger over the previous government agreeing to take migrants under the quota system.

In Hungary, Prime Minister Viktor Orbn has been a vocal opponent of the scheme from its conception, asserting that forcing member countries to take a compulsory quota of migrants is unlawful and will spread terrorism around Europe.

Later this year, the two countries will be given an ultimatum and have to decide whether they are willing to maintain an anti-mass migration stances if it puts their membership of the EU at threat, a senior diplomatic source from one of the blocs six founding member states told The Times.

The source said: They will have to make a choice: are they in the European system or not? You cannot blackmail the EU, unity has a price.

The European Court of Justice (ECJ) is expected to hold a hearing on the legality of migrant quotas in the coming weeks, with a judgement widely expected to be in favour of the scheme likely by the end of the year.

We are confident that the ECJ will confirm validation, the source said. Then they must abide by the decision. If they dont then they will face consequences, both financial and political. No more opt-outs. There is no more one foot in and one foot out. We are going to be very tough on this.

Hungary challenged the court, insisting that it is culturally and constitutionally unreasonable to impose asylum seekers on unwilling member states.

In December, referring to policies of importing large numbers of people from the third world, Orbn stated that Hungary and other countries in Central Europe have had the opportunity to learn from Western Europes mistakes.

Hungary is a stable island in the turbulent western world because the people were consulted on their opinions here, and we defended the country against illegal immigration.

In 2015, when European Commission Vice-President Frans Timmermans demandedEastern and Central EU nations undergo similar demographic transitions as in Western Europe, Hungary was singled out for special mention.

Any society, anywhere in the world, will be diverse in the future thats the future of the world, Timmermans said. So [Central European countries] will have to get used to that. They need political leaders who have the courage to explain that to their population instead of playing into the fears as Ive seen Mr Orbn doing in the last couple of months.

Breitbart London reported that the European Union is to open asylum processing centres in west Africa and countries on the southern shore of the Mediterranean because the continent needs six million migrants, the European Commissioner for Migration Dimitris Avramopoulos said last month.

See the original post here:
European Union Tells Hungary and Poland To Accept Mass Migration Or Leave - Breitbart News

European Union Considering RBS Proposal (RBS) – Investopedia

European Union Considering RBS Proposal (RBS)
Investopedia
The European Union is considering an alternative approach to help The Royal Bank of Scotland plc (RBS) out of its current dilemma. The Scottish retail and investment bank has tried for nearly a decade to sell its Williams & Glyn mortgage unit, a ...

and more »

Go here to see the original:
European Union Considering RBS Proposal (RBS) - Investopedia

Trump is right. Europe is getting its act together – CNNMoney

President Trump thinks so, telling the Financial Times in an interview on Monday that, since the U.K. voted for Brexit, the "European Union is getting their act together."

"It just seems to be that there is a different spirit for holding together," Trump said. "I don't think they had that spirit when they were fighting with the U.K. and [the] U.K. ultimately decided to go out. ... I actually think it is going to be a great deal for [the] U.K., and I think it is going to be really, really good also for the European Union."

EU leaders are standing firm in the face of Brexit. And the economic outlook for the eurozone is brighter. Economic numbers released Monday suggest things are looking up for a region that has struggled to create jobs and generate momentum since the global financial crisis.

The unemployment rate across the countries that share the euro currency fell to 9.5% in February, its lowest level since May 2009. Analysts said rising business confidence was part of the reason.

A survey of about 3,000 manufacturing firms published at the same time shows factory output and orders rose last month at the fastest rate since April 2011.

"Eurozone manufacturing is clearly enjoying a sweet spell as we move into spring, but it is also suffering growing pains in the form of supply delays and rising costs," said Chris Williamson, chief business economist at IHS Markit.

Related: Trump's anti-EU rhetoric could actually help Europe

Europe faces a series of big political tests this year, and good news on the economy could determine whether the EU survives the Brexit shock of losing a member for the first time in its 60-year history.

Trump hailed Brexit as an example of people taking back control from political, business and media elites. And he has offered Prime Minister Theresa May talks on a bilateral trade deal that could be vital to Britain's future outside the EU.

But the president appears to have revised his earlier view that the EU would splinter as other countries chose to follow Britain through the exit door. His attacks may have contributed to that greater sense of unity -- analysts say it gives mainstream politicians a rallying cry.

Related: 5 huge obstacles to an amicable Brexit

Big test looms in France

EU leaders last week unveiled a draft set of tough principles for negotiating Britain's exit.

And Dutch voters rejected the far-right populism of nationalist Geert Wilders in an election in March. Still, the stakes will be much higher later this month when France holds elections. Right-wing leader Marine Le Pen has promised a referendum on France's EU membership if she wins the presidency.

"We are at the mercy of a currency adapted to Germany and not to our economy," Le Pen told a rally of her supporters on Sunday, according to Reuters. "The euro is mostly a knife stuck in our ribs to make us go where others want us to go."

There was positive news for France in March's manufacturing survey: New orders increased at the fastest pace in nearly six years.

The jobs numbers were less encouraging. French unemployment remained at 10%, with nearly three million people looking for work.

The eurozone has created nearly 3.9 million jobs since unemployment peaked at 19.3 million in April 2013. But more than 15 million people are still unemployed, and youth unemployment continues to plague several countries, including Spain, Portugal, Italy and Greece. Youth unemployment in Greece and Spain is still above 40%.

CNNMoney (London) First published April 3, 2017: 10:24 AM ET

Read more:
Trump is right. Europe is getting its act together - CNNMoney

Germany-Russia joint gas operation causes anger in the European Union – Express.co.uk

In 2012, the two countries agreed to the construction of the Nord Stream 2 - a 746 mile-long underwater pipeline for transporting natural gas directly from the Russia coast to Germany.

The pipeline is set to begin operations as early as 2019, with Russian gas being delivered to the coastal resort of Lubmin before being redistributed across central and eastern Europe.

The Nord Stream 2, which will run parallel to the Nord Stream 1, was allegedly launched without the consultation of Baltic states.

GETTY

According to Andra Jeinska, director of Latvias Conexus Baltic Grid - a company 34 per cent owned by Russian energy giant Gazprom, the Baltic states "were not invited" to any talks.

The joint venture by Berlin and Moscow has already cost an incredible 6.4billion and has come under fire from the European Parliaments Energy Commissioner Miguel Aras Caete.

Mr Caete, a Spaniard, claims the project does not respect the rules of the common market.

GETTY

In a letter to the EU presidency in February, Energy Committee Chairman Jerzy Buzek said the project was counteracting the necessary diversification (of energy sources) while making a number of Member States even more vulnerable and jeopardising safe gas supply in the EU as a whole.

According to the Energy Commission, the pipeline project will never be one of common interest adding that in the future, Germany would be in total control of the gas supply to a large part of the continent.

However, the news has not been met with total outrage across the EU.

Latvia, for example, is currently wholly dependent on Russian gas, and has received the news with a sense of relief.

Arvils Aeradens, Latvias Economic and Energy Minister explained: It is much better for us to take control, not Russia.

Three other Baltic states, as well as Finland, Romania and Bulgaria, have also expressed a deep desire to become energy independent from Russia.

GETTY

The EUs own gas production, especially in the Netherlands, is likely to have by 2020, leading to a higher demand for gas imports.

Gas reserves in politically stable Norway of 1900 million cubic metres pales in comparison to Russias 47,000 million cubic metres - essentially the worlds largest gas reserve.

See the article here:
Germany-Russia joint gas operation causes anger in the European Union - Express.co.uk