Domestic opposition to government policy is getting more organised in Germany. A new 'Alliance against the ESM' (Allianz gegen den ESM) has been formed, comprising 10 MPs, business groups and civil society organisations. Their manifesto can be seen on the website, as well as a video warning of the dangers of a Europe built on debt.
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Merkel under pressure over bailout fundThursday, 24th May 2012
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Eurobonds on the tableWednesday, 23rd May 2012
EU leaders will discuss economic growth strategy over an informal dinner in Brussels tonight, and while no formal decisions will be taken, it is being seen as a forum in which ideas can be aired freely. One of these ideas is the controversial joint issuance of debt, otherwise known as 'eurobonds'.
Unlike his predecessor Nicolas Sarkozy, Francois Hollande is in favour of... Read more
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The new Serbian PresidentTuesday, 22nd May 2012
Sunday's Serbian presidential run-off was always going to be close according to the opinion polls, which had the Western-leaning incumbent Boris Tadic pipping his opponent Tomislav Nikolic to the post. In the end, however, it was Nikolic, Prime Minister under Slobodan Milosevic and ex-head of the Serbian Radical Party, who beat Tadic with 50.21% of the votes.
Nikolic's... Read more
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Spain adds to the eurozone’s woesFriday, 18th May 2012
Spain and Greece suffered further downgrades at the hands of the ratings agencies yesterday. Greece was downgraded further into ‘junk’ territory by Fitch, and Moody’s downgraded 16 Spanish banks and four regions. Statistics were released showing that Spain has been in recession for the first quarter of this year. Measures taken last week such as the government take-over of Banki were not enough for Moody’s... Read more
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Ukrainian Prime Minister has an axe to grindThursday, 17th May 2012
The Ukrainian Prime Minister Mykola Azarov has been in Brussels discussing the “colossal moral prejudice” his country faces regarding the Yulia Tymoshenko case. In response to the human rights issue, Azarov restated the case against Tymoshenko, describing the supposed motives behind her 2009 gas deal with Russia, which has left "people dying" in Ukraine because of a lack of resources that stems from the high... Read more
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Merkel and Hollande find common ground over GreeceWednesday, 16th May 2012
Following his rain-soaked presidential handover ceremony, Francois Hollande's plane was struck by lightning, forcing him to change planes and be late for his first meeting as President of La République. When he and German Chancellor Angela Merkel got down to business they found common ground as well as areas of disagreement.
After yesterday's inaugural meeting of the new... Read more