Week of January 22nd

(Version Francaise)

Here is a summary of the European news this week.

On the economy: the European Commission is preparing new stress tests for European banks, this time, focusing on exposition to public debts [*,*]. Last year, the stress tests were mostly successful, but have been criticized for being too easy to pass [*]. In the eurozone, rumors on debt restructuring for Greece or the need for Portugal to ask the help of the EU, continue to run  [*,*,*]. The euro went this week (+2.5% in 5 days) and finishes the week at its highest level since November 2010 [*,*,*].

The European Carbon trading system was shutdown this week after a security breach and the theft of 7 million euros of carbon permit  [*,*]

The MEPs were seating in plenary session in Strasbourg this week [*,*]. The parliament voted a directive on the refund of cross borders healthcare, to ensure a better health coverage of citizen traveling in the EU [*,*]. The Hungary prime minister V Orbam was in Strasbourg to present the program of the Hungarian presidency of the European Council for the next 6 months ; he met strong opposition from MEPs protesting the Hungarian media law [*,*,*,*] – Commissioner N Kroes in charge of the digital media declared this week that the law is not satisfactory  [*].

In the rest of the union: in Italy, Premier Berlusconi continues to face accusation of prostitution on minors. His position as head of the Italian government is weakening [*,*,*]. In Ireland, PM B Cowen announced early elections for March 11th. At the end of the week, he resigned as head of the party Fianna Fail, but he is staying as PM. [*,*,*]. In Portugal, elections are being held this Sunday to elect the country’s president [*].


2 Comments on “Week of January 22nd”

  1. […] This post was mentioned on Twitter by Ralf Grahn, greg H. greg H said: Summary of the #EU news for Jan 16-22: http://wp.me/pIFlh-uM […]

  2. […] follow-up on last week: Portuguese voted to re-conduct C. Silva (Social democrat) at the country presidency [*]. In […]

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