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European Parliament is against the expenses cut in 2012

viliyana89 — Sun, 26 Jun 2011 20:16:27 +0000

The European Parliament is against cutting costs in the European Union budget for 2012 which announced a number of major countries in the organization, and lawmakers support proposals by the European Commission draft document, said in a statement EP. In late April the European Commission presented a draft of the total EU budget for 2012, which provides a cost increase of 4.9% over 2011 to 132.7 billion and revenue – 3.7% to 147.4 billion.
“The EP resolution warns of” horizontal “spending cuts in the budget without assessing the actual needs of the EU. It calls on the parties if they have decided to offer similar cuts in public to explain what European priorities or projects they want to postpone, “the statement said. Parliament defends the proposed increase of 4.9%, noting that it is based on a detailed and critical assessment by the Commission to the needs of the union.
The process for adopting the budget for 2011 is tightened because of disputes over the need to increase its revenues and expenses. The initial EC proposals were then rejected. A number of major economies in the EU believe that should be frozen revenues and expenses.
The first multilateral discussion of the budget for 2012 between representatives of the Member States of the EU Commission and Parliament will be held on July 11.

EU increases the control over the foods import from Japan

viliyana89 — Sun, 03 Apr 2011 12:45:39 +0000

The European Commission (EC) announced its readiness to review and improve control over food imported from Japan, where the situation with the spread of radioactive contamination worse. For this purpose, the EC will review every 48 hours options for response to the security of food imports from Japan. This is stated in the summary of the Committee on the occasion of the measures taken to protect the European market from imported products contaminated with radiation. The Communication notes that at this stage is not necessary tightening of controls and measures are reviewed monthly. European experts exchange information every day, a joint meeting between them is scheduled for April 8th. The Commission notes that the issue is governed by the adopted following the accident at Chernobyl in 1986 rules, the limit values have not changed since then. The rules include monitoring the values of strontium, iodine isotopes emitting alpha particles of plutonium, and other nuclides, including cesium 134 and 137. On March 15, or four days after the devastating earthquake in Japan and the accident at the Fukushima nuclear power plant-1, the EC submitted a message to the early warning system that monitors food safety to be taken for pollution studies of food imported from Japan. The European Commission notes that this is done as a precaution. EU countries were advised to comply with the requirements set out in documents from 1987 that contain maximum levels of substances harmful to health, the appearance is the result of increased radiation.
The European regulations stipulate that if one party in the EU finds contamination in imported food shipments must be alert to the rest of the Community. On 25th March the EU decided to increase the requirements for food imported from Japan because of the situation in Fukushima. According to the solution adopted, all food products exported from or passed through 12 countries most affected by the nuclear accident Japanese prefectures should be checked before leaving the country and be subjected to selective inspection upon entry into the European territory. The remaining 35 Japanese prefectures should issue documents to declare that the exported foods are not passed through the areas affected by the accident. These items are also subject to selective control of entry into the EU. All food items from Japan, sent the EU must be accompanied by documents issued by Japanese authorities, who declares that contain no harmful substances in quantities exceeding the limits laid down by Brussels. To provide physical and laboratory examinations and analysis of 10% of imported foods of animal and plant origin, coming from the 12 most affected by the accident in Japan prefectures. There will also be checking the 20 per cent of consignments from other prefectures. The analysis results should be ready within five working days. Consignments will be released when customs authorities receive the results of laboratory tests and if they are satisfactory. Consignments which are found values in excess of permitted levels will be destroyed or returned to Japan. Last year the EU imported from Japan plant, animal and marine products for 187 million euros, and fishery products to 29 million euros, the European Commission identified as share trading negligible. For the same period have been made around 9000 tons fruits and vegetables.
According to data from the Japanese authorities, food production in most affected areas of the country is blocked and this means that products from these zones are not exported.

Investors withdraw billions USD from the developing markets

viliyana89 — Sun, 06 Mar 2011 14:58:58 +0000

The investors disappointed by the loss of large corporations on Wall Street, economic anemia in Japan and debt problems in Europe, seeking investment opportunities in emerging markets like China and India. Now, however, worried about the riots in the Middle East and discontent fueled by rising food prices and declining incomes in many regions of the developing world, stunning investors withdraw funds from developing economies and again turn to relatively safe financial havens, for any considered the U.S., Europe and Japan, says AP. This trend speaks of radical change in sentiment from the financial crisis, languish notions about what is risky and what is not, after the Anglo-Saxon model of liberal capitalism was brought to the brink of collapse. Vigorous efforts of Europe to curb debt crisis, the ability of Japan to support its exports despite the strong yen and good corporate results in the U.S. failed to convince investors that the outlook for developed economies in 2011 is pretty good. According to the EPFR Global in the second week of February, investors have pulled 5.45 billion dollars of funds in China, India, Brazil and other emerging markets, redirecting them to the developed economies – the biggest weekly transfer for more than 30 months. By mid-February, the funds from developed countries reported 7 consecutive weeks of gains by investing in European funds to hit record levels last 41 weeks. Since the beginning of the year, investors have invested 47 billion dollars in funds from the U.S., Europe and Japan, only investments in U.S. funds reach 29 billion dollars.
From January until now investors have pulled more than 20% of the 95 billion dollars were invested in emerging markets in 2010. Since the beginning of the year, the outflow of investments only from central China reached 1 billion dollars.

EU requires high restrictions for CO2

viliyana89 — Sun, 30 May 2010 17:02:18 +0000

The European Union will present surprising new plan to combat global warming, according to which EU countries will have to meet the most ambitious program to reduce greenhouse gas emissions worldwide in this decade, reports the British Times. The European Commission has decided to impose new restrictions on emissions of CO2, despite the financial difficulties of the old continent. According to information in Times plan provides for the EC by 2020 greenhouse gas emissions in the Union to be reduced by 30 percent from their levels in 1990, which will cost extra 39 billion euros per year. Under existing arrangements, by 2020 the EU must reduce greenhouse gas emissions by 20% from levels in 1990, the price which is 56 billion euros per year. The arguments of the committee are that the new cuts in CO2 emissions are much more easily achievable due to the recession. Last year’s greenhouse gas emissions in Europe fell by 10% as a consequence of the closure of thousands of factories. Also in 2009, CO2 emissions were already 14 percent below levels in 1990. After the collapse of the World Summit on climate change in Copenhagen in December last year, reaching a global climate agreement by the end of 2011 is unlikely.
Under the plan, the EC, the new restrictions on greenhouse gases will reduce air pollution and improve the health of millions of people, which will generate in the Union’s economy 9.4 billion euros annually.

Merkel urged Germans to tighten belts

viliyana89 — Wed, 12 May 2010 11:34:36 +0000

The chancellor Angela Merkel urged Germans to tighten belts and adjust to the rate of savings. Germany lives above its means for years and it said Chancellor during the ecumenical Congress in Munich. “This calls for drastic economies,” Merkel was definite. In 2015 should be saved 10 billion a year, said Chancellor. Angela Merkel’s statement made just days after asking a tight fiscal policy within the European Union. For its part, the Union of towns and municipalities in Germany called for adequate measures for the expected record deficit in municipal funds. Over the next three years there is no prospect of raising revenue, so we need to freeze spending, the union warns. Before it became clear that cities and municipalities are in the worst budget crisis since the founding of the Federal Republic. This year the deficit could reach 15 billion – 3 billion more than expected. This was a hard decision got by Angela Merkel, but the country should be protected by the situation, which happened in Greece, Spain and Portugal.
The country of Germany is the basic of European Union and strong financial situation of the country will protect the Eurozone and whole European Union.

There are no affraids for Spain and Portugal

viliyana89 — Fri, 07 May 2010 17:09:25 +0000

The European Commissioner for Economic and Monetary Affairs Commissioner Olli Rehn rejected claims that the economic crisis in Greece will overtake Spanish as “speculation”. At a news conference in Brussels, where he presented a spring economic forecasts for the EU, Rehn said that Spain does not need such financial assistance and will be offered. “There is no need to offer such assistance. Are unlimited speculation in yesterday’s news about a possible aid from the IMF in relation to Spain. I think we need to” wings “of these false rumors, to avoid unnecessary speculation nurture already reached almost euphoric levels in some circles.” Markets yesterday reported a record drop after rumors that Spain will request financial assistance from the EU or the IMF. We recall that yesterday the IMF Director General Dominique Strauss-Kahn said the fiscal crisis risk in Greece to reach the other weaker European economies. But he stressed that the immediate danger is not referring to that state of Portugal and Spain. In an interview with French newspaper “parasite” Strauss-Kahn said that should prevent such “contaminated” by developing a plan for Greece pursues precisely this purpose.
However, the general director of the international financial institution calls for extreme vigilance situation is not repeated in other European countries.

Retail trade fell in EU for March

viliyana89 — Thu, 06 May 2010 17:14:58 +0000

In March 2010 the retail trade in the EU grew by 0.3% over the same month last year, according to figures from Eurostat, which included the performance of 18 countries of the Community. Only in the euro zone retail sales fell by 0.1% yoy. Strongest annual decline for the countries for which data are reported in Bulgaria, which is 11.6 percent, behind us as only a drop of Latvia with 10.6 percent. On a monthly basis in March retail sales in the euro area remained unchanged compared to February, and throughout the EU will not exercise the indicator. Economists forecast the euro area were reported to .2 percent increase in retail sales on a monthly basis. In Bulgaria, the decrease compared to February was 1%, Eurostat reported. Meanwhile it became clear that 110 billion that Greece will probably get to cover the deficit and accumulated debt, the country will provide an opportunity not to seek funding through the sale of debt securities for 2 years.
The situation in EU is getting harder after the financial problems of Spain and Portugal.

EU wants to restrict the hedge funds in offshore zones

viliyana89 — Mon, 03 May 2010 22:46:29 +0000

The European Union is close to agreement on the adoption of a directive regulating the activities of hedge funds, which will significantly limit the opportunities offshore funds to raise funds among European investors, reported Wall Street Journal. The proposal provides European investors be allowed to invest their money in funds registered in the blacklist, which will be prepared by the European administration. To be removed from the blacklist, the countries will have to meet four or five criteria, “said Jean-Paul Goze MEP. The idea of adopting legislation on hedge funds cause concern among owners of such funds which are managed mainly from London, but often deposited their investments in the Cayman Islands or other offshore locations. American Financial Secretary Timothy Geytner also expressed its concern that some of the proposed regulatory options would unfairly restrict U.S. funds to the European market. Before becoming a law voted by Parliament regulations must be agreed by national governments of EU member states that are represented in the Council of Ministers. Regulations are intended to come into force from 2012
“It would be quite sensational if the Cayman Islands fall into the black list because it will all British hedge fund industry,” said financier anonymity said Wall Street Journal.

20 billion EUR trade deficit of EU with Japan

viliyana89 — Sat, 24 Apr 2010 14:36:41 +0000

Between 2000 and 2009, exports of EU goods to Japan fell by about 20%, from 45 billion to 36 billion euros, Eurostat reported. EU Imports from Japan fell by almost 40% from 92 billion to 56 billion. Thus, the EU deficit in trade with Japan has fallen from 47 billion in 2000 to 20 billion in 2009, the share of Japan since the total movement of goods outside EU decreased significantly. In 2009, Japan fell 3 percent of exports and 5% of EU imports. That it was the sixth largest trading partner of EU. On the occasion of the 19th Summit of the European Union and Japan, which will take place on Wednesday, April 28, 2010 in Tokyo, Eurostat presented data on trade in goods and services and investment relations between the EU and Japan. By Member States of the EU in 2009, the largest exporter to Japan was Germany with 10.8 billion or 30% of total exports, followed by France (4.8 bn or 13%), UK (3 8 billion or 10%) and Italy (3.7 billion, or 10%). Germany was the largest importer (13.8 billion or 25%) to the Netherlands (8.7 bn or 16%) and the United Kingdom (7.0 bn or 12%). Most Member States have made in 2009 in the trade balance deficit with Japan. The highest deficits were announced by the Netherlands (-6.2 bn), Belgium (-4.3 bn), United Kingdom (-3.2 bn), Germany (-3.0 bn) and Spain (-1.2 billion) and the largest surpluses were registered in Ireland (+1.3 bn) and Denmark (1.0 billion).
Almost a third of EU exports to Japan in 2009 were machinery and aircraft. Other goods and chemical products account for about one fourth of EU exports. Machinery and aircraft were two-thirds, and other products almost a fifth of imports. In a more detailed examination the most important EU exports to Japan were drugs, automobiles and automotive parts and pork imports from a most important were cars and car parts, printers and parts, and digital cameras.

EU gives 64.4 billion EUR for economy recovering

viliyana89 — Sat, 24 Apr 2010 03:32:08 +0000

Promoting economic recovery, investment in European youth and infrastructures of the future are the priorities of the draft budget for 2011 adopted by the European Commission on April 27, 2010, reported portal “Europe”. Of the 142.6 billion EUR 64,4 billion EUR are allocated to actions for economic recovery (3.4% compared to 2010). In addition, funds in support of the flagship initiatives of the EU Strategy for 2020 (growth) accounted for around 57.9 billion EUR (about 40% of the budget). “The ambition of the draft is to continue to support economic recovery, together with Member States, particularly in favor of the more vulnerable in this situation after the crisis, as reflected in the new budget comprehensive EU approach to job creation and growth “said Budget and Financial Planning Janusz Levandovski. He stressed that the draft budget adopted today provides Europe and its citizens incentives to develop the economy of the future: its main components are research and innovation, sustainability and inclusion. This draft is aimed at helping young people to be better prepared for future promotion of small and medium enterprises make best use of EU funds for the bailout.
64.4 billion EUR: budget for future sustainable growth
Currently, the Structural Funds and Cohesion Fund is actively applied in the field. Although appropriations for commitments increased by 3.2 percent, the payment appropriations for continuing projects increased by 16.9 percent to reach 42.5 billion EUR. Expected increase in payment appropriations to contribute effectively to create the necessary incentives to national economies, while structural adjustment be encouraged to model for sustainable growth, defined by the recently adopted EU strategy for growth and jobs. Implementation of the European economic recovery plan also came on the agenda of more than EUR 1 billion to finance the implementation of site energy projects adopted in 2009 and early 2010, in Capture and Sequestration dioxide, offshore wind and energy infrastructures. Similarly, around EUR 500 million will finance the approved projects for broadband in rural areas. While the financing costs associated with marketing, and direct support for Common Agricultural Policy (CAP) and rural areas will maintain the same level funding for environmental protection program through Life + will increase by another 8.7 % to reach 333 million EUR.
In the draft budget for 2011 also provides increased investment for research, development and innovation, infrastructure and human capital. Funds for the 7 th Framework Programme for research and technical development will increase by 13.8 percent to reach 8.6 billion EUR; ever EU has invested so much money in this program. Research and development alone can not lead to economic recovery: the means of trans-European transport and energy networks will increase by 16.8% (1,3 billion EUR), while for the Competitiveness and Innovation Programme (CIP) will be allocated with 4.4 percent more vehicles than in 2010 (549 million EUR).
These are resources for the future of our youth and strengthening citizenship
“More than 20% of European youngsters are unemployed,” said Janusz Levandovski. “This is absolutely unacceptable. The EU budget should help them prepare for professional careers through education and exchange.” For this purpose the financing of the “Lifelong Learning” will increase by 2.6% (1,1 billion EUR), which will allow students to provide over 200,000 scholarships under the Erasmus program. The additional contribution of 120,000 more students will be funded through the Youth in Action, through which it distributed 127 million EUR (+1,6%) to support the employment of young people through non-traditional forms of training. Funding for programs in the area of freedom, security and justice will increase by 12.8 percent, representing the largest increase in budget lines in the draft budget for 2011 a significant contribution to security and protection of liberties (24.4%) and management of migratory flows (18.5%) shows the importance given to implementation of the Action Plan for EU citizenship justice, security, asylum and immigration for the next five years, which was recently adopted by the Commission.
EU global player
Sustainable level of funding for activities related to the EU as a global player (5.6%) was confirmed by three main proposals:
a) increasing the EU’s commitment under the UN Conference on the Millennium Development, which took place last autumn (65 million EUR);
b) an increase in EU aid to developing countries to tackle climate change (65 million EUR);
c) providing a new means of promoting economic and social development of the Turkish Cypriot community (25 million EUR).
Administrative costs
Administrative costs for all EU institutions will continue to be 8.3 billion EUR or 5.8% of the budget. The Commission will continue to respect its commitment to a zero growth policy for recruitment and internal allocation of staff to cope with the challenge of new tasks.
“This is the first budget since the Lisbon Treaty enters into force,” said Janusz Levandovski. “There are two main differences: first, the whole procedure is much faster than in the past, given that there is only one reading European Parliament instead of the previous two. Secondly, for the first time the Council and Parliament have equal powers in approving the budget. This suggests to increase more than ever cooperation between the three EU institutions involved in the process. ”
The Council will communicate its position on the draft in June and the European Parliament in October. In case of disagreements between the European Commission – in its role as honest broker – will start a conciliation procedure, lasting 21 days. It is expected that the final budget for 2011 to be approved by Parliament in November.