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Showing posts with label Uniunea europeana. Show all posts
Showing posts with label Uniunea europeana. Show all posts
Sunday, June 17, 2018
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Tuesday, February 27, 2018
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British MEPs accused the parliament’s Brexit coordinator of "intolerable interference" in UK affairs and of trying to topple Theresa May’s government.
Mr Verhofstadt, the parliament’s Brexit coordinator, told MEPs in the Constitutional Affairs Committee that it was the only way to prevent a hard border between Ireland and Northern Ireland.
“It’s for us key that there will be in future, whatever the outcome of negotiations will be, no divergence in norms, rules or standards...
Thursday, February 1, 2018
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The drug combination works by switching on immune cells inside the tumours which have been deactivated by the cancer, then boosting them so they can go to work killing the disease.
And once the immune cells have been reactivated, they recognise other cancer cells elsewhere in the body and set about clearing them out.
Scientists said the therapy worked ‘startlingly well’ in mice. Nine out of 10 animals were cured of cancer after just one jab, and the rest after a second injection.
Wednesday, January 17, 2018
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Friday, December 8, 2017
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Saturday, December 2, 2017
ECB recommends dropping the guarantee of bank deposits. The Banking Recovery and Resolution Directive, which came into effect less than two years ago, explicitly states that the guaranteed deposits may not be frozen and may not be subject to suspension of payments. With the recommendation to drop the guarantee of bank deposits, the ECB has included the central banks and the Bank of International Settlements in the list of institutions whose accounts and transactions may not be frozen. But we shouldn't be overly worried, because the ECB has proved "generous". "During the transition period, depositors will have access to an adequate quota of their guaranteed deposits to cover the cost of living within five days from submitting the request", the proposal of the ECB shows. But who sets the cost of living and which is the "competent authority" that decides on the withdrawal of the funds? The national institutions for the guarantee of bank deposits have been created precisely to stop or at least to temper massive bank deposit withdrawals. The new proposal of the ECB directly undermines this institutional framework. "If the collapse of a bank looks imminent, a substantial number of guaranteed deposits may be subject to massive withdrawals, because customers want to ensure direct access to their own resources or no longer trust the guarantee scheme", the ECB document further states.The true stake is presented thereafter: "Such a scenario is very likely especially in the case of major banks, where the volume of guaranteed deposits is extremely high and can lead to the erosion of the trust in the guarantee scheme". In the opinion of the European Central Bank, "if the moratorium applied to deposits doesn't include the guaranteed ones as well, then that moratorium can alert the customers with guaranteed deposits that a bank is at imminent risk of collapse", and under these circumstances "the moratorium can prove counterproductive and can result in a deposit flight instead of preventing it". Such proposals aren't just simple prudential measures of authorities that want to show that they have learned the lessons of the crisis, but instead they represent, particularly in the case of the European Central Bank, a tacit acknowledgment of the fact that the monetary policy has failed.
Saturday, October 7, 2017
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Thursday, August 31, 2017
Gerhard Schröder defied critics on Wednesday night, insisting that joining the board of Russian energy giant Rosneft was entirely up to him.
"I will do this. This is about my life and I decide – not the German press," he said in his usual candid manner. He was speaking at an election campaign event for the Social Democrats (SPD) in the northern town of Rotenburg on the Wümme. He added that he could not see a problem and that "I'm not going to allow anyone to make it into one."Schröder, who was German chancellor from 1998 to 2005, was harshly criticized for his decision by the media, but also – among others - by his successor Angela Merkel as well as Martin Schulz from his own SPD party. Rosneft has been subject to EU sanctions due to Russia's unlawful annexation of Crimea, the Ukrainian peninsula. Schröder, however, stressed that getting involved with the world's biggest oil company was in Germany's interest. "I stand by what I've said before – that it's not wise to isolate our big neighbor Russia both politically and economically," he said adding that his critics were apparently interested in a new Cold War with Russia. He said he was "fed up" with the criticism of Russia and its president, Vladimir Putin, saying that compared to US President Donald Trump, Putin was "highly rational" and that "demonizing Russia" would get us nowhere.He emphasized that Rosneft was an international company and not "the extended arm of the Russian government." Russia owns just over 50 percent of Rosneft. The former German chancellor is known for his connection to Russia – he once dubbed Russian President Vladimir Putin a "flawless Democrat." After he lost to Merkel in the 2005 election, he joined the Nordstream pipeline consortium, which is controlled by Russia's Gazprom. He has since switched to join an extension of the original pipeline, known as Nordstream 2. Schröder is due to be formally elected to Rosneft's supervisory board on September 29. It is not clear yet whether he will lead the board or just become a member.
Friday, August 25, 2017
The square, one block from Rome’s main train station, was
strewn with mattresses, overturned rubbish bins and broken plastic chairs. Hung on the building was a sheet made into a
banner saying: “We are refugees, not terrorists,” in Italian. A small fire
burned on the pavement and a sheet hanging from a first-floor window was set
alight by squatters inside. Witnesses
who arrived at the square after the clearance operation described a scene of
carnage. “When I arrived at about 9am
trash was scattered all over. About 50 people were still in the square, which
had been partially closed down to traffic in the meantime. They were sad,
frustrated and with no idea where to go,” said Francesco Conte, founder of TerminiTv,
an online channel based in Rome’s Termini train station. About 100 people had occupied the square
since Saturday, when most of about 800 squatters were evicted from an adjacent
office building they had occupied for about five years.Police said the refugees
had refused to accept lodging offered by the city and that the operation was
also necessitated by the risk presented by the presence of cooking gas
canisters and other flammable materials in the square, which is surrounded by
apartment buildings. Most of the
squatters were Eritreans and Ethiopians who had been granted asylum. Many have
been in the country for up to a decade. They ran the building as a
self-regulating commune that outsiders were not permitted to enter. The refugees have previously complained that
the accommodation offered to them elsewhere is not of a permanent nature, and
that moving would result in the community they have established being split up.
The area around the square is full of shops owned by the refugees’ compatriots.
Tuesday, August 15, 2017
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Sunday, August 6, 2017
The precursor to the EU was set up in 1958, as the
continent’s leaders vowed to make another war between them all but impossible.
The euro came in 1999, when a group of 11 countries jettisoned marks, francs
and lire and turned control of interest rates over to a new central bank. The
common currency’s scale provided exchange-rate stability and better access to
world markets. It did not, however, impose uniform financial discipline; to
avoid surrendering national sovereignty, politicians largely sidestepped a
unified approach to bank regulation and government spending. To the extent that
there were rules, they were flouted. The events that brought the euro to its
knees came during the global rout in 2009, when Greece came clean and said its
budget deficit was twice as wide as forecast. Investors started dumping assets
of the most indebted nations and borrowing costs soared. The shared euro made
it impossible to devalue individual currencies of weaker economies, limiting
options for recovery. Politicians lurched through bailouts for Greece, Ireland,
Portugal and Cyprus plus a rescue of banks in Spain. The panic fueled fears of
a breakup as fragile banks and their holdings of government bonds exposed the
common currency’s vulnerabilities. The firestorm abated in July 2012, when
European Central Bank President Mario Draghi pledged to do “whatever it takes”
to save the euro.
Friday, July 14, 2017
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Sunday, July 9, 2017
Why HAMBURG for G 20...
Hamburg is the second largest city in Germany (pop. 1.7 million), a major hub situated on the River Elbe, nestled between the states of Schleswig-Holstein and Lower Saxony. Although a major port, it lies 130km inland from the North Sea.
Why? As an outward-looking city, Hamburg is an ideal location, says Angela Merkel. It has maintained trading links around the world for centuries, and today is home to the headquarters of industrial heavyweights Airbus and Unilever, among others. It can also boast at being ranked 18th among world cities for its livability.
Famous for? A city of bridges (around 2,500), Hamburg boasts what was once the world’s tallest building, the 122-metre Church of St Nicholas. Bombed heavily by Allied forces in WW2, the city recovered to become once again an economic and cultural powerhouse, where the Beatles served their apprenticeship, and where museums and opera go hand in hand with sport and radical politics. And there’s the Reeperbahn.
Security? Some 20,000 officers have been drafted in from around Germany and beyond to address the twin challenges of potential terror attack and political protest. Temporary courtrooms and cells have been built alongside a mass holding facility for as many as 400 detainees at a time - at a cost of €750,000. A planned mass protest camp in the city’s main park has been banned.
Saturday, July 8, 2017
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Wednesday, July 5, 2017
Britain has continued to outrank other European countries as a technology investment hub despite last year’s Brexit vote. Research from London & Partners, an arm of the mayor’s office designed to promote the city, said £2.4bn of venture capital funding had been put into British technology companies since last year’s referendum. This was more than double the VC investment in Germany and three times what it was in France.
In London, which accounts for the majority of venture-led tech funding in the UK, funding rose to £1.8bn across 544 deals, against £775m for Berlin and £557m for Paris.
The figures appear to defy predictions made before the referendum that funding would dry up in the event of a Leave vote and that start-ups would flee for the continent. The technology industry, which employs a disproportionate number of EU nationals, had campaigned heavily against Brexit, but has since focused on boosting the number of specialist tech workers who are granted visas since the vote. London & Partners, which collated data from deal tracker Pitchbook, said the first half of 2017 had seen a record £1.1bn of venture capital funding into London start-ups. For the UK as a whole it was £1.4bn, the third biggest on record.
Tuesday, July 4, 2017
The European Central Bank has greenlit the liquidation of Veneto Banca and Banca Popolare di Vicenza, after they have repeatedly violated the "they have repeatedly violated the capitalization requirements", according to a press release sent on Friday to the European institution. The ECB showed that the two European banks "are at risk of collapsing", and the Single Resolution Board (SRB) said that "the conditions for the resolution of the two banks have not been met", and "banks will be liquidated according to the Italian bankruptcy procedures". The situation of Veneto and of Banca Popolare di Vicenza has been watched closely by the ECB since 2014, when significant capital deficits were uncovered. The italian government will pay to Intesa Sanpaolo 5.2 billion Euros in order to acquire the good assets of Veneto Banca and Banca Popolare di Vicenza, Reuters announced, Sunday night, after the authorities in Rome have spent their entire weekend drafting an emergency ordinance concerning the procedure for the liquidation of the two banks.
Friday, June 2, 2017
Today, in Romania, all the significant transactions are calculated in Euros, even though some of them are paid in lei. And "homo economicus" is in every man; all they need is the freedom to make decisions. In the end, the entire economy can be reduced to four words: people respond to incentives! Let's remember the skill of currency dealers on the black market, I the first years of transition, when the currency exchanges were not yet fully liberalized. In order to take their profit, they would keep their dollars in packs, depending on the exchange rate they got them at. I don't think that Romanians will have "cultural shocks" if they were to only operate in Euros, given that the vegetables traders in markets watch the exchange rate to see whether or not they should raise their prices for carrots, radishes, tomatoes, cucumbers, etc. Of course, we are living on the outskirts of the East, where there is no rush. The president of the European Commission, who recently visited our country, when listening to the questions of some politicians, about how Romania didn't want a two-speed Europe, gave us an answer that is worth thinking on: the current treaties of the European Union stipulate the possibility of a 2-speed Europe and it is up to every member state on where it wants to find itself. The trends in the European Union indicate a desire of the member states in the Eurozone to move faster towards integration (there is talk of a common budget of the Eurozone and even of a parliament of the Eurozone...). Member states from outside the Eurozone can not oppose those trends. Romania will have the presidency of the European Union, in the first half of 2019, but unfortunately, Romania's weight in the decision making process for the decisions that concern the Eurozone will be low, because we are not yet part of it. I wish that this once at least, the intention of drawing up a plan of action for the move to the Euro, as well as the switch of this plan to be taken seriously by every politician and institution of the state that are concerned. Let's not forget that Romania, when it was accepted in the European Union, made the commitment to take all the necessary steps to carry out the conditions needed for the adoption of the Euro! (Source bursa.ro)
Tuesday, May 23, 2017
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Saturday, May 20, 2017
The European Commission reacted on Tuesday, after the deputies of the Commission for Industries and Services have passed a series of amendments to the Natural Gas Law, according to which the gas producers will be required to fully trade their output on the OPCOM, with the Romanian Commodities Exchange being left out in the cold. Currently, they have licenses for the trading of natural gas on two entities: the Romanian Commodities Exchange, private company, and the OPCOM, a branch of Transelectrica, in which the state owns 58.68%. The amendments made in the Commission for Industries would leave the BRM without a license. On Tuesday, the European Commission wrote to Iulian Iancu, the president of the Commission for Industries, that the proposal for the production of natural gas to be traded completely on the OPCOM is problematic. The commission thinks that moving trading to the OPCOM is not recommended, as the BRM is currently a more liquid market, and granting exclusive rights to the OPCOM raises competition issues. Also, the Commission considers that the trading of 100% of the natural gas output on an exchange can be excessive. A warning letter concerning the "severe consequences" of the amendments to the Law of natural gas was recently received by the president of the Chamber of Deputies Liviu Dragnea, from the PEGAS European natural gas platform. That letter also arrived, among other places, at the Ministry of Energy, the ANRE and the European Commission. It is debatable whether the amendments are compatible with the competition laws of the European Union, since they limit the ability of offering trading services, amid the obligation of using only one platform, according to PEGAS, which also says that there is a risk that the platform used by the operator would not reflect the requirements of the market. Furthermore, the measures proposed can raise an obstacle in the implementation of the EU package of energy, which would lead to an isolation of the Romanian gas market, says PEGAS, the trading platform of the German EEX Group, operated by Powernext, in France. PEGAS had 238 members and offers access to the trading of natural gas on contracts from Austria, Belgium, Holland, France, Germany, Italy, Denmark, Czech Republic and Great Britain.
Thursday, May 18, 2017
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