POLITICS & POLICY
Greece & Germany – Debt crisis: Measures approved
The budget committee of the German Bundestag has agreed to release the next tranche of money to Greece from the European Stability Mechanism rescue fund. No objections were made regarding the unlocking of 10.3 billion euros. Greece, for its part, has approved a number of additional measures requested by international lenders in order to receive further bailout funds and cheap funds from the European Central Bank.
Source: Ekathimerini, 10/06/2016
UK – Brexit: Consequences
According to the Financial Mirror, a potential Brexit would increase financial market volatility, deepen the economic slowdown and clearly raise doubts about Britain’s future relationship with the rest of Europe. Nonetheless, there is no certainty that the government’s capacity to pay its debts would significantly decline immediately after the referendum. From a longer term perspective, the Treasury’s repayment capacity is less evident. It is clear that leaving the EU would create more uncertainty over Britain’s trade arrangements with the continent and its attractiveness as a financial center would be more in doubt. If these likely scenarios resulted in higher interest rates, lower growth and a weaker currency, this could influence the government’s capacity to manage its debts.
Source: Financial Mirror, 10/06/2016
“We remain concerned about Hungary’s restrictive approaches and the dire situation asylum-seekers face outside the transit zones. Currently, only 15-17 people are admitted daily at each zone, leaving hundreds to suffer day and night without any proper support at the EU border”
Samar Mazloum, Head of UNHCR
Source: Euractiv, 10/06/2017
The number of jobs for Irish speakers that the EU will offer by 2021.
Source: Irish Times, 10/06/2016
The number of migrants saved in the latest rescue operations by the Italian coast guard.
Source: The Local, 10/06/2016
CC Photo Credits: Metropolico.org