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Healthcare in Danger: Let #39;s discuss the issues
It #39;s one of the most overlooked humanitarian issues but the indiscriminate targeting, injuring and killing of humanitarian aid workers must stop. Join us and ICRC on Monday 6 October at the...
By: European Union Humanitarian Aid and Civil Protection
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Healthcare in Danger: Let's discuss the issues - Video
Sweden vows to recognise state of Palestine
Sweden may become the first member of the European Union to recognise the state of Palestine, after the Nordic country #39;s new centre-left government has said it will do so. "The conflict between...
By: KingSizeReport
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Sweden vows to recognise state of Palestine - Video
Tax and VAT issues when trading with countries outside the European Union
Tax and VAT issues when trading with countries outside the European Union - If you export goods to countries outside the EU (known as #39;third countries #39;), you must have the appropriate licences...
By: callie timothy
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Tax and VAT issues when trading with countries outside the European Union - Video
MOSCOW, September 12 (RIA Novosti), Anastasia Levchenko - As the European Union has imposed a new round of sanctions against Russia over Ukraine, first analyses on the future repercussions appear in the Western media with some praising Europe's US-backed decision and others cautioning against the negative effects of sanctions to western economies, and underlining Russia's re-orientation to the East and Ukraine's to the West.
CONCERTED WESTERN EFFORT
The Guardian reported on Friday that "the latest sanctions are designed to keep up pressure on Russia, which denies sending troops into eastern Ukraine and arming the separatists. Moreover, the US is understood to be planning to limit access to Russian banks, including Sberbank, later on Friday as part of a concerted western effort to penalize what it sees as Russian attempts to destabilize Ukraine by backing pro-Russia separatists with troops and weapons."
The joint European position fully corresponds to American line of reasoning. ABC News cites Martin Schulz, European Parliament President, as saying at a conference in Kiev on Friday that the new round of sanctions was a sign to Moscow that there will be "no return to business as usual." In response to that, Ukrainian President Petro Poroshenko thanked EU countries for "their solidarity with Ukraine".
President of the European Council Herman Van Rompuy stated that The Permanent Representatives Committee or Coreper will assess the implementation of the peace plan in Ukraine by the end of the month. Sanctions could be amended, suspended or repealed in whole or in part depending on the conclusions of this assessment, according to the Prague Post.
"The new EU sanctions introduced today certainly take things to a tougher level," CNN quotes Sunny Mann, a partner at law firm Baker & McKenzie, as saying. "At the same time, there is a signal that the EU is prepared to roll things back if the current crisis is de-escalated."
The New York Times reports Poroshenko as saying it would be "impolite" for the European Union not to take the next step, known as "accession partnership" and designed to steer toward membership. Ukraine is expected to ratify an association agreement with the European Union next Tuesday.
STEP TO THE WEST, STEP TO THE EAST
ABC News underlines how Ukraine welcomes the new sanctions and even expresses gratitude and thus cites Poroshenko thanking EU countries for "their solidarity with Ukraine".
AFP emphasizes that "Ukraine looks West" and makes steps to "cement" Kiev's ties with the European Union and Washington.
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Western Media on Anti-Russia Sanctions: Nobody Stands to Win in This Tit-for-Tat Battle
European Union lawmakers will quiz Jonathan Hill for a second time tomorrow after they said the U.K.s nominee to be the blocs next financial-services chief failed to satisfy them in an initial hearing last week.
The extra grilling will take place in Brussels at 1 p.m. tomorrow, a European Parliament official told reporters. The session is scheduled to last 90 minutes.
Hill, put forward by Prime Minister David Camerons government, failed to secure instant backing from the Parliaments Economic and Monetary Affairs Committee after a three-hour hearing on Oct. 1, in which he was queried on subjects from too-big-to-fail banks to Britains relationship with the EU.
Lord Hill owes the Parliament explanations on many issues, Sven Giegold, a German lawmaker in the assemblys Green group, said on his personal website. He could or did not want to explain his plans for our financial system.
In answers to a further set of 23 written questions that lawmakers sent on Oct. 2, Hill addressed matters including securitization and virtual currencies, according to a document obtained by Bloomberg News.
The case for high-quality securitization seems strong and one of his first priorities in the financial-services role would be to assess its potential impact, Hill said in the document.
The intention is not to undo what has been put in place by the recent financial reforms in Europe, Hill said. The door should remain closed to complex, opaque and risky instruments such as subprime instruments.
Hill said he would keep under close scrutiny the developments of virtual currencies such as bitcoin, holding out the possibility that they be subject to the EUs anti-money laundering rules. He also said he would consider further measures to shore up the European banking sector, and said all benchmarks should be covered by future EU legislation.
The EU Parliament can veto the team proposed by Jean-Claude Juncker, a former prime minister of Luxembourg who is set to lead the next commission. The assembly has a track record of using a veto threat to weed out nominees it doesnt like.
In addition to Hill, the Parliament has delayed approval for Pierre Moscovici, the former French finance minister who is slated to become the EUs next economy chief; Miguel Arias Canete, nominated by Spain as the EUs climate and energy commissioner; Vera Jourova, a Czech whom Juncker wants to take over the commission post overseeing justice, consumer affairs and gender equality; and Tibor Navracsics, a Hungarian slated for the education and culture role.
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U.K.s Hill to Go Second Round With EU Lawmakers Tuesday