POLITICS & POLICY

Italy & France – EU laws: Not respected

According to a new report by Milan Martin Cvikl, a member of the court of Auditors, the Commission should be more strict when applying its budget rules. Although the European Union has the power to impose sanctions on countries that do not respect debt targets, it has not applied these measures yet. Among others, Italy and France have repeatedly eluded punitive measures, says the report, which is based on a study of five countries between 2009 and 2015.

Source: The Local, 19/04/2016

Greece – Debt crisis: Additional funds?

According to Kathimerini, a high-ranking Greek government official declared that Athens will refuse to pass new economic measures worth 2.7 billion euros–which would be automatically triggered should Greece not meet its 2018 primary surplus target of 3.5% of GDP. Nonetheless, some senior European officials stated that a deal between the country and its lenders is close. Tomorrow, the government will present two pieces of legislation regarding pension and income tax reform respectively.

Source: Ekathimerini, 20/04/2016


THE STATEMENT

“It is true we’re not very popular when we advocate for Europe. We’re no longer respected in our countries when we emphasise the need to give priority to the European Union”.

Jean-Claude Juncker, President of the European Commission

Source: BBC News 19/04/2016


NUMBERS

50 million

The amount, in euros, that the Bank Asset Management Company (BAMC) needs to offset losses caused by the merger of two liquidated banks in Slovenia.

Source: STA, 20/04/2016

15th

The place of Luxembourg in the World Press Freedom Index.

Source: Luxemburger Wort, 20/04/2016


Photo Credits CC: European Parliament


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