POLITICS & POLICY
Germany – Greek crisis: No more time
Germany has refused to grant Greece more time in order to reach budget goals agreed with its lenders. Due to Austrian recent border restrictions, a domino effect took shape and thousands of migrants arrived in Greece, placing the country in an even worst position. According to German Finance Minister, Wolfgang Schauble, the refugee crisis and the debt crisis are two separate issues that must not be mixed. Nonetheless, Schulz, a member of Germany’s co-governing Social Democrats stated that the refugee crisis is affecting Greece more intensely and thus budget problems should be managed more flexibly.
EU – Meetings: Portugal’s faith
According to Der Spiegel, at the Eurogroup meeting that will take place tomorrow in Brussels, European finance ministers will invite Portugal to urgently change its economic policies due to fears of a new debt crisis. It seems that PS government’s position of public sector salaries and the intention to raise minimum wages will be heavily criticized tomorrow. At the same time, it appears that Schauble has declared that “Portugal should continue in the direction of well-succeeded policies which have been followed up till now”.
Source: Portugal Resident, 6/03/2016
The Netherlands – Working conditions: labour migration abuses
According to Dutch news, it emerged that Romanian citizens working at diverse Dutch shipyards have been paid just €1 an hour by their employers who managed to divert equal pay rules. For this reason, the FNV trade union federation has asked the Dutch Prime Minister Mark Rutte to put into practice his role of president of the European Union and eliminate EU labour migration rules’ abuse. An investigation is currently taking place.
Source: Dutch news, 7/03/2016
“From a political perspective, Brexit would be the demonstration that if you have an anti-European programme you can implement that programme, (…) It would be a message sent to many anti-European parties all across Europe and to some anti-European governments. It would have especially in the medium term quite dramatic implications. (…) Some other countries might want to take another Brexit option and then the political landscape in Europe would be changing and so it all becomes more difficult to control”.
Pier Carlo Padoan, Italian Finance minister
BGN 190 M
The amount of money invested by the InvestBulgaria Agency in 2015 to help large investors to start new production in Bulgaria.
Source: Novinite, 6/03/2016
HUF 1.6 trillion
The amount of money spent by foreign visitors in Hungary in 2015.
Source: Bbj, 7/03/2016
Photo Credits CC: Lisbon Council
Also published on Medium.