Tag: European ParliamentEuropean Parliament
Credit rating agencies (CRA) such as Moody’s, Fitch or Standard & Poor’s will have to work under more strict regulations in the European Union where they could face claims if investors suffer a loss due to an infringement committed by the agency intentionally or with gross negligence, according to a European Council directive approved on Monday.
A senior British member of Parliament blasted as ‘outrageous’ claims that the European Parliament does not recognize British sovereignty over the Falkland Islands. The case first surfaced when MercoPress reported that a Spanish member of the European parliament on a recent visit to Argentina said that “British sovereignty over the Islands as such is not accepted”.
Members of the Cuban dissident group Ladies in White collected Tuesday the Sakharov Prize that the European Parliament awarded them in 2005, and in the process had harsh words to say about the situation in their homeland.
Europe's fisheries ministers may dilute plans for a total ban on the practice of discarding fish at sea, as they meet in Brussels. An outright discards ban was widely welcomed when backed by the European Parliament last month, but it is being resisted by France, Spain and others.
After lengthy talks in Brussels European leaders have reached an agreement on the budget for 2014-20 with a ceiling of 960 billion Euros, the first time the EU multi-annual budget has been reduced.
French President François Hollande called on the Euro zone on Tuesday to develop an exchange rate policy to help protect the common currency from “irrational movements”. His comments came amid growing concern that the Euro, now trading around 1.35 to the US dollar, is too strong and could undermine the country’s exporters and hence wider economic growth.
Dairy farmers sprayed thousands of litres of fresh milk at the European Parliament in Brussels on Monday in protest at what they say are excessive milk quotas and prices below the cost of production.
The European Union issued on Wednesday its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014, revealing that all Mercosur full members, except for Paraguay, will no longer benefit.
The European Commission has adopted amendments to the proposed Regulation and Directive on insider dealing and market manipulation, following the recent LIBOR and EURIBOR scandals.
European Parliament president Martin Schulz warned this weekend that Spain's economic crisis could spark a social explosion across the continent.