Week of June 26thPosted: June 27, 2010
Here is a summary of the European news last week:
Belgium is getting ready to take the Union presidency. A presidency that is going, in its early times, to let a good role to the permanent Council President, Herman van Rompuy (who is incidentally Belgian) since Belgian government is getting put together after the recent legislative elections.[*,*,*] You can find informations on the Belgian Presidency on the official website and also on twitter: @BE_Presidency.
The International Whaling Commission was meeting this week in Agadir, with a plan to get whaling back under control – the negotiations didn’t get anywhere, but whaling could have been formally authorized again [*,*,*].
The European External Action Service (EEAS) will be working by the end of the year: Lady Ashton and the MEPs have found an agreement on the service – a vote is expected in Parliament in July [*,*,*,*,*].
From the EEAS we are naturally stepping to external politics : at the beginning of the week, Belarus dramatically reduced the transit of Russian gas to Europe – following a debt issue with Moscow [*,*] , putting Europe back in the possibility of a Gas War [*,*]. The conflict lasted only a couple of days [*], but this episode reinforce the need of an energetic policy for Europe [*].
The G8 and G20 are meeting at the end of the week. The main topic will be economic boost and growth. Europe tries to defend the idea of financial reform and budget cuts [*,*] ; but European countries is facing different point of view form, for example, the US, for who boost spending take precedence on deficit reduction [*,*,*]. Union leaders also want to promote the idea of a bank tax [*,*].
In the meantime, Europe economy stays hesitant – even if the ECB is reassuring [*] and some Countries like Germany are actually taking advantage of the fall of the euro [*]. Warnings over austerity measures are also given [*].