Archive for the ‘European Union’ Category

NGO Monitor Reports: European Union Funding Dozens of BDS Groups – The Jewish Press – JewishPress.com

NGO Monitor reports that dozens of anti-Israel BDS projects are being financed by the European Union each year.

Published: January 23rd, 2017

Flag of the European Union. Photo Credit: public domain

The European Union is funding dozens of projects that are dedicated to the destruction of Israel, according to a new report by the NGO Monitor.

The report, published Monday, says the European Union is the single largest donor to non-governmental organizations (NGOs) active in the Arab-Israeli conflict, accounting for NIS 28.1 million in 2012-2014 to politicized Israeli NGOs alone.

In contrast to the stated objectives, the EU funds a number of highly biased and politicized NGOs that exploit the rhetoric of human rights to promote anti-Israel BDS (boycotts, divestment, and sanctions) and lawfare campaigns, inflammatory rhetoric, and activities that oppose a two-state framework.

One of the grants titled Performing Arts: A Pathway Towards Self Expression and Democracy amply demonstrates this situation. In 2014, during their participation in the EUs Cultural Program, all twelve beneficiaries of this grant initiated a group statement calling for a cultural and academic boycott of Israel in short, participation in BDS.

A total of 42 of the 180 grantees funded by the EU reportedly support the Boycott, Divest and Sanctions (BDS) Movement, the NGO Monitor found in its latest research. Some have received more than one grant, in fact, a phenomenon known as double dipping.

Moreover, 29 out of 100 European Union grants administered through the organizations regional funding programs that are designated for Israel, the West Bank and Gaza, direct funds to groups that actively promote BDS, the NGO Monitor reported.

Nine BDS-supporting organizations were the recipients of the EUs Partnership for Peace Program a program designated for joint projects involving Israeli as well as Palestinian Authority organizations, meant to build trust and understanding between societies in the region.

About the Author: Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.

If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

Read the original:
NGO Monitor Reports: European Union Funding Dozens of BDS Groups - The Jewish Press - JewishPress.com

As attacks grow, EU mulls banking stress tests for cyber risks – Reuters

BRUSSELS The European Union is considering testing banks' defenses against cyber attacks, EU officials and sources said, as concerns grow about the industry's vulnerability to hacking.

Cyber attacks against banks have increased in numbers and sophistication in recent years, with criminals finding new ways to target banks beyond trying to illicitly obtain details of their customers' online accounts. Last February $81 million was taken from the Bangladesh central bank when hackers broke into its system and gained access to the SWIFT international transactions network.

Global regulators have tightened security requirements for banks after that giant cyber fraud, one of the biggest in history, and in some countries have carried out checks on lenders' security systems.

But complex cyber attacks have kept rising, as revealed in November by SWIFT in a letter to client banks and by the theft of 2.5 million pounds ($3 million) from Tesco Plc's banking arm in the first mass hacking of accounts at a Western lender.

Banks "are struggling to demonstrate their ability to cope with the rising threat of intruders gaining unauthorized access to their critical systems and data," a report of the European Banking Authority (EBA) warned in December.

The next step from European regulators to boost security could be an EU-wide stress test.

The European executive commission is assessing additional initiatives to counter cyber attacks, a commission official told Reuters. "These include cyber-threat information sharing or penetration and resilience testing of systems."

The European Central Bank announced last year it would set up a database to register incidents of cyber crime at commercial banks in the 19-country euro zone. But exchanges of information among national authorities on cyber incidents remains scant.

The Commission is studying whether EU-wide tests would help step up security, a source at the EU executive said. This would be in addition to controls already carried out by national authorities.

EBA, which is in charge of stress-testing the bloc's banks, is expected to detail in summer the checks it intends to conduct in the next exercise planned in mid 2018.

EBA tests banks' capital cushions and can conduct checks on specific issues. Last year it monitored risks caused by fines, as EU lenders faced sanctions from U.S. regulators.

An EBA official said cyber security was on the agency's radar but no decision had been made on a possible stress test. The body's chairman, Andrea Enria, has urged EU states to stress-test their financial institutions for cyber risks.

Lloyds Banking Group is working with law enforcement agencies to trace who was behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident. Lloyds said it would not speculate on the cause of the attack. No customers suffered any losses.

BLOCKCHAIN

As European banks keep relying on digital infrastructure that is "rigid and outdated", according to EBA, regulators are considering new technologies that could boost security.

Blockchain, the technology behind the most successful virtual currency, Bitcoin, is being closely monitored in Brussels "to establish the advantages and possible risks" but also to weigh possible moves to enable blockchain where it is hindered, the Commission source said.

More than 1 billion euros have been invested in blockchain startups, a World Economic Forum report said.

The EU agency for network and information security (ENISA) said in a report last week the technology offered new opportunities and could cut costs, but may also pose new cyber security challenges, mostly caused by its decentralized network.

U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump's likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years.

LONDON Lloyds Banking Group is working with law enforcement agencies to trace who may be behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident.

TOKYO Main Japanese lenders of Toshiba Corp have agreed to not call in some of their loans early for now even as recent downgrades of the troubled firm's credit ratings violate some provisions in debt agreements, two people with direct knowledge of the matter said.

See the original post:
As attacks grow, EU mulls banking stress tests for cyber risks - Reuters

A MELTING POINT: Trump says European Union is in trouble – Lowell Sun

By Sebastian Mallaby

Special To The Washington Post

Germany's foreign minister reports "astonishment and agitation." The French president protests indignantly about unsolicited "outside advice." Even Secretary of State John Kerry sees behavior that is "inappropriate." Then President-elect Donald Trump's weekend interview, in which he casually predicted the breakup of the European Union, has certainly attracted attention.

But despite the consternation, there is some truth in Trump's message. The EU, he observed, is dominated by Germany. "People, countries want their own identity," he said.

The most obvious vindication of Trump's warning comes from Britain, whose prime minister, Theresa May, has just laid out her plans for a hard break with the European Union. May could have interpreted June's Brexit referendum differently, seeking the "Norway model" of continued membership in the EU's Single Market even while withdrawing from the EU's political structures. But, to paraphrase Trump, the prime minister evidently believes that Britain must have its own identity.

She is determined to curb EU migration, even though migrants contribute positively to the economy; she wants out of the European Court of Justice, even though that court has upheld British commercial interests in the past. Combined, these two positions rule out continued Single Market membership. The EU is losing its second-biggest economic power.

Britain has always been a semi-attached member of the European Union, so the malaise at the heart of continental Europe is even stronger evidence that Trump is on to something. Ironically, all the pressures that are commonly wheeled out to explain Trump's election are far more evident on the other side of the Atlantic: sluggish growth, poor prospects for workers, a backlash against migrants, disaffection with elite governance.

Americans may feel that their recovery since the financial crisis has been anemic. But, adjusted for inflation, the U.S. economy has actually grown by a cumulative 12 percent since 2008. In contrast, the 28 countries in the European Union managed combined growth of just 4 percent. And in the subset consisting of the eurozone minus Germany, output actually fell. Even though the strong dollar may help Europe this year, most of the Mediterranean periphery has suffered a lost decade.

Naturally, this horrible performance has taken an enormous human toll. The unemployment rate in the euro area stands at 9.8 percent, more than double the U.S. rate. Unemployment among Europe's youth is even more appalling: In Greece, Spain, France, Croatia, Italy, Cyprus and Portugal, more than 1 in 4 workers under 25 are jobless. America's ability to put its economic house in order after 2008 shows that there was nothing foreordained about this. Europe has suffered an optional catastrophe. It has a lost generation to match its lost decade.

The decisions that delivered this destruction were made overwhelmingly in Germany, just as Trump seems to suspect.

Angela Merkel, the country's sober, deliberate and altogether un-Trumpian chancellor, systematically slow-walked measures that could have accelerated Europe's recovery. Budget stimulus, bank recapitalizations and, at least early on, monetary policy were sluggish because of German resistance. At some points in this process, Merkel was protecting German taxpayers, which is both reasonable and yet at the same time supportive of Trump's view that national interests beat euro cohesion.

At other points Merkel has been protecting nothing more vital than Germans' phobia of even modest public borrowing and inflation -- and never mind the plight of Mediterranean youth.

Merkel's cautious leadership of Europe has sown the seeds of a populist backlash. This has been a surprisingly long time coming: For several years after the onset in 2010 of the euro crisis, austerity and mass unemployment did remarkably little to turn voters against establishment leaders. But a recent Italian poll suggests that, if an election were held today, the anti-globalization and anti-euro Five Star Movement would take as many votes as the leading establishment party.

In France, polls have the anti-EU Marine Le Pen as the joint front-runner in this spring's presidential election.In Merkel's Germany, support for the anti-migrant AfD party has jumped from about 5 percent in 2013 to 16 percent now.

If you take Trump literally, his recent comments on Europe were exaggerated and confused. Populists may be on the rise, but we are a long way from a crackup of the European Union; and to denigrate Merkel for opening her country to "illegals," when what she did was welcome refugees, many of whom were fleeing a war fueled by U.S. vacillation, is infuriating and obtuse.

But if you take Trump seriously rather than literally -- to borrow the wonderful distinction made by Salena Zito in the Atlantic -- then it has to be admitted that the new president has a point here. Europe is in deep trouble. It is time for its leaders to recognize that incremental policies are failing the continent's people.

Sebastian Mallaby is a Post contributor and Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations. He is author of "The Man Who Knew: The Life and Times of Alan Greenspan."

Follow this link:
A MELTING POINT: Trump says European Union is in trouble - Lowell Sun

Europe’s priority now is to keep the union of 27 together – The Guardian

A selection of German front pages feature images and stories on Theresa Mays Brexit speech. Photograph: Steffi Loos/Getty Images

Among the German public, last weeks speech by Theresa May has gone down largely unnoticed. Rather, headlines were dominated by the incoming presidency of Donald Trump and his interview with widely-read German tabloid Bild. After seven months, Germans have got over the referendum and the prospect of Britain being on its way out of the European Union.

Indeed, the wider German public has shown little interest in questions regarding the future of Europes relationship with the UK, let alone in the details and minutiae of the UKs legal withdrawal and future relationship with the EU. If anything, the Brexit vote has bolstered support for the EU. As one study conducted at the end of 2016 shows, Germans views on the EU have evolved positively over the course of the past year, in large part due to the results of the UK referendum.

While in March 2016, 61% of Germans polled suggested they would vote against exiting the European Union in a potential referendum, this number grew to almost 70% in August, suggesting that citizens feel a greater need for European solidarity and security in the face of a potential break-up. Trumps inauguration is likely to cement this sentiment; consider that one aspect of Trumps interview in Bild that aroused particular controversy was his suggestion that further exits from the European Union were not only likely but inevitable.

In Berlins political class, a similar sense of acceptance has developed. The result of the June 2016 referendum did not really come as a surprise to Berlin; what did create a strong sense of bafflement, however, was that Westminster had not adequately planned for this outcome. After the referendum, several government ministers expressed their dismay at what was seen as utterly careless behaviour by British politicians.

Europe is not something to play around with, the foreign minister, Frank-Walter Steinmeier, commented in front of Berlins ambassadorial corps last summer, a hardly veiled criticism of the Brexiters. In fact, the political chaos unleashed by the referendum only strengthened the view that forced to choose between retaining bountiful economic relations with Britain or keeping the EU in good shape, Berlin should choose the latter.

The priority of keeping the union of 27 together has been the consistent, dominant message in Berlin over the past months and Angela Merkel has invested a great deal of energy in shaping a unified European position on the Brexit process. As such, there is no desire for retaliation, but a rather sober and solemn assessment that the British withdrawal is merely another challenge to be added to Berlins overladen foreign policy agenda. More positively, the threat to European cohesion has brought Berlin and Paris closer together again and, at this stage, Berlin is much more worried about Frances future in the EU. A President Le Pen is a grave, existential threat to the EU, in a way Brexit never really could be.

The German government has resisted wooing by London lately, insistent that there would be no negotiations without Britain officially triggering article 50. Berlin has stood remarkably firm on this particular point over the past months, arguing that there could be no compromise on the four freedoms. Considering this backdrop, Theresa Mays speech last week was in fact welcomed in Berlin. The prime ministers announcement that Britain would pursue a complete, clean break from all EU structures (including the single market) and aim to negotiate a free-trade agreement with the EU has brought greater clarity to European negotiators and reduced the risk of British cherry-picking.

Having said that, German officials know from experience that what seems black and white from their point of view might in fact be different shades of grey on the other side of the Channel. In other words, Berlin also anticipates that in the upcoming negotiations, Mays currently clear-cut goals could very well give way to a more erratic approach; negotiating special rules for specific sectors, such as the financial industry, might still be on the table further down the road.

Berlin is prepared for the EU to enter a period of complex and demanding negotiations once article 50 has been triggered; considering last weeks speech, it has become abundantly clear that Britain will have to punch extremely hard in order to realise Mays vision of a global Britain.

Philip Hammonds recent interview in German newspaper Die Welt, in which he implied that the UK could effectively become a tax haven as a means of relief from the consequences of Brexit, was universally rebuked in Germany, illustrating the state of current discourse. At the same time, there is also a broad consensus that both the UK and German would suffer greatly in the tax dumping scenario outlined by Hammond.

Berlin never wanted Britain to leave the EU and in many ways this choice is now coming at the worst of times. Europe is confronted with major, concrete questions of prosperity and security, while at the same time there is a strong sense of realism in Berlin that only a few years ago would have perhaps resonated positively in London.

But nowadays, as the prime minister expressed in her speech, Britain thinks in terms of broad visions, while the German government sternly insists that this is no time for vision, or for waxing lyrical about an ever closer union, but rather a time for grit-and-grind dispassion and getting things done. The twisted irony, then, is that the UK is abandoning Europe at a time when Germany has perhaps come to cherish the beauty of shades of grey.

Yet the fact that Germany has repeatedly underlined Britains weak negotiating position should not be diagnosed as a symptom of overconfidence. The German government knows very well that keeping the European Union together will be a major struggle; a struggle that will become far more difficult once President Trump steps into the Oval Office on Monday morning.

Almut Mller is a senior policy fellow and director of the Berlin office of the European Council on Foreign Relations (ECFR)

More here:
Europe's priority now is to keep the union of 27 together - The Guardian

‘We can only pray!’ Former Italy PM admits European Union ‘he once dreamed of’ is DEAD – Express.co.uk

Mr Prodi, who had two spells in power, condemned the lack of leadership and strategy in Brussels and admitted the Europe he once dreamed of was dead.

His comments came in an interview with Italys Quotidiano newspaper in the same week Theresa May laid out her plans for a hard Brexit which would sever all existing ties with the EU including the single market and customs union.

The 77-year-old said: The EU has no strategies and there is no leader to follow.

GETTY

GETTY

The Europe I dreamed of is dead. Now we can only do one thing: pray

Romano Prodi

"The Europe I dreamed of is dead. But I hope the crisis will wake us up. Now we can only do one thing: pray.

Mr Prodi said did not have great hopes about the future of the European Union which he said was increasingly divided by national and political interests.

And he said Brexit had accelerated the process of detachment from Brussels.

GETTY

He told Quotidiano: I was disappointed by Brexit but not surprised. The new thing is the American encouragement to Brexit.

It is an unprecedented and inappropriate interference in my opinion. From a political point of view the fact that the future US President supports Brexit says a lot.

On the future of the EU, Mr Prodi called for "a single strategy".

GETTY

Getty

1 of 29

Countries that are in the European Union

He said: The real problem is that, once again, there will not be a common policy.

We would need a real leader who would put himself in other peoples shoes.

"Whoever leads a political coalition and a group of countries must consider the interests of all the members. I am talking about Angela Merkel."

Continued here:
'We can only pray!' Former Italy PM admits European Union 'he once dreamed of' is DEAD - Express.co.uk