Week of Feb 5thPosted: February 5, 2011
Here is a review of the european news during the last days.
Let’s start with miscellaneous news : an arm robbery happened (again) this week, in a post office located in the European Parliament building in Brussels [*]. Hungary wants to talk with the Commission to clarify its recent law on medias [*,*]. The European Carbon market partially reopened this Friday – it was closed for the past two weeks after evidences of fraud [*]. The early legislative elections in Ireland will take place on Feb 25th[*] and in Belgium, the political crisis continues (as usual) [*]. Romania could join the Schengen space before Bulgaria [*]. And air passengers data will be transmitted and analyzed to the Union to fight terrorism and drug smuggling [*].
The European Parliament was in mini plenary session in Brussels at the end of the week. The topics to be discussed were of secondary importance. We should highlight a resolution on Tunisia and a stepf forward to end the banana war [*].
At the economic level, the eurozone unemployment is stable (around 10%) and the inflation is increasing a little [*,*]. Spain is reassured [*], but Ireland has its debt rating downgraded again [*]. The ECB keeps its main interest rate at the same level: 1%, for the 22dn months in a row [*]. Paris and Berlin are calling for more economic convergence [*]. The euro went up to $1.385 at mid-week, but quickly fell back down just below $1.35 on Friday [*]