Euro roundup: France Cabinet approves burqa ban, Eurozone troubles etc.

France Cabinet approves burqa ban

from Hurriyet Dailynews
The French Cabinet approved a draft law to ban the wearing of full-face veils in public spaces, opening the way for the text to go before parliament in July.

Visibility of Islam brings confrontation and interaction, says expert

from Hurriyet Dailynews
Recent debates concerning mosque minarets in European countries are a result of an increasing visibility of Muslim identity in Europe, according to a sociologist.

ECI, transaction tax & the details of EU policy-making

by Julien Frisch

The German and Austrian Social Democrats have decided today that they want to initiate a European Citizens’ Initative (ECI) on the introduction of a financial transaction tax.

The way their press release is formulated makes it sound like they are calling for a referendum (cf. last sentence that reads: ‘… for that 500 million Europeans can decide over the taxation of financial market speculation‘), not mentioning that all they can do with an ECI is make the Commission consider the issue.

Eurozone crisis: Roundup of official information (OJEU)

by Grahnlaw

The eurozone tsunami hit governments of EU member states individually and as a whole, the heads of state or government of the euro area, the Euro Group, the Council of the European Union (Economic and Financial Affairs, ECOFIN), the European Commission, the European Parliament (EP), the European Central Bank (ECB) and the International Monetary Fund (IMF).

MAIN FOCUS: Europe combats speculators | 19/05/2010

from euro|topics

The EU finance ministers agreed on Tuesday on tighter regulations for hedge funds and new taxes for speculators and banks. While the measures send a clear signal that the EU is serious about reining in its financial markets they cannot solve the European debt crisis, commentators write.

Eurozone crisis: Roundup of preparatory documents on Eur-Lex

by Grahnlaw

In Eurozone crisis: Roundup of official information (OJEU), 19 May 2010, we searched for the eurozone rescue decisions published in the Official Journal of the European Union (OJEU) by today.

Only the ?60 billion European financial stabilisation mechanism and two supporting decisions by the European Central Bank had been published in OJEU, leaving question marks with regard to openness (transparency), closeness, democracy and the rule of law.

The European Dream is not dead

by Julien Frisch

Gideon Rachman of the Financial Times just has proclaimed “The Death of the European Dream” and Dominique Mosi of the Harvard University calls us “Europe’s Doubting Generation“, and they are both kind of wrong.

Reactions to the Greek Financial Crisis and the IMF from the Africansphere

from Global Voices Online by Lova Rakotomalala

By Lova Rakotomalala

The challenges facing the Greek economy and the ensuing intervention from the International Monetary Fund (IMF) to help withstand further damages from the fall-out look familiar to many African bloggers. During previous crisis, the IMF was involved in proposing structural adjustments to struggling African economies, with various outcomes.
Reactions from African bloggers range from cautionary tales from past experiences to lessons that ought to be learned for their own regions.

ÖMER TAŞPINAR – The end of the EU?s soft power?

It has been a depressing but historic week for the European Union. Last weekend, when EU finance ministers put together close to a trillion dollar bailout package to save the euro, they displayed a monumental example of political courage.

No Melancholia please: Reflections after New Labour, Nick Couldry

from open Democracy News Analysis – by Nick Couldry

After John Major, few believed that a Labour government would prove the most effective mechanism for continuing neoliberalism, but it did. After Tony Blair, not all expected that Gordon Brown would prove the most inflexible defender of neoliberal doctrine, but he did. After Gordon Brown, few expect perhaps that a Liberal/Conservative coalition will prove the best mechanism for appropriating ? from the right – the few policies still recognisable as signs of ‘the left’ within Britain’s mainstream political spectrum. But there is already evidence this will happen: the coalition’s raising of the personal tax allowance is one such sign.

MAIN FOCUS: Financial markets tremble over the euro | 17/05/2010

from euro|topics

The euro fell below 1.24 dollars on Friday for the first time in 18 months, putting a strain on global financial markets. The press writes that Europe’s currency is becoming less dependable as it loses in value, but cautions at the same time against excessive concern.

Defence of economic and monetary union (EMU): Fundamental and trivial questions

by Grahnlaw

We have seen that the heads of state or government of the euro area and the Economic and Financial Affairs Council (ECOFIN) have outlined or decided on exceptional measures to defend the economic and monetary union (EMU), with new steps to be discussed when the Euro Group meets later today and the ECOFIN Council tomorrow, 18 May 2010.

Eurozone transparency: Greek rescue package

by Grahnlaw

It may feel like ancient history, but the EU decisions on the Greek rescue package are only a week old. What do we find, if we want to know more about our collective liabilities?

We look at the latest concrete instance.

Eurozone crisis: Quick view of Greek bailout and austerity measures

from Grahnlaw by Grahnlaw

It is like watching a whole new ball game, with rules only a few people know. There are different teams in play at different moments, or relegated to the sidelines: the governments of the EU member states individually or as a whole, the heads of state or government of the eurozone, the Euro Group, the Council of the European Union (Economic and Financial Affairs, ECOFIN), the European Commission, the European Parliament (EP), the European Central Bank (ECB) and the International Monetary Fund (IMF).

The Cameron-Clegg Tory coalition, is a throwback to the 19th Century.

from ORGANIZED RAGE by Mick Hall

After defeat – a Labour minister starts his assessment, David Lammy

from open Democracy News Analysis – by David Lammy

David Lammy was the Minister for Higher Education and Intellectual Property in the recent Labour government. He is a contributor to  OurKingdom and sent us this, his immediate assessment of how Labour should respond to its defeat. While it is addressed to Labour members and is already up on his website it is a significant response of wider public interest. It opens what we hope will be a wide-ranging coverage of the future of Labour in opposition as the next generation prepares to take its helm.

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