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Prof. Dr  Wolfgang Schumann

12-01-11: EU considers increase of bail-out fund, as debt crisis rumbles on - 0 views

  • Against a background of growing fears that the eurozone's rescue fund would be insufficient should Spain or Belgium knock on its doors, the European Union's economy chief has called for a hike in the effective lending capacity of the EU's bail-out mechanism. "We need to review all options for the size and scope of our financial backstops - not only for the current ones but also for the permanent European stability mechanism too," EU economics and monetary affairs commissioner Olli Rehn wrote on Wednesday in an opinion piece in the Financial Times.
  • The commissioner issued the call after member-state representatives met in the European capital to discuss proposals to boost the fund ahead of a meeting of European finance ministers next week. Mr Rehn also issued a stark warning that for all the deficit-slashing austerity measures that European states have so far imposed, it is not enough. "There is insufficient ambition and a lack of urgency in implementation. That needs to change," he wrote.
Prof. Dr  Wolfgang Schumann

23.11.10: Will Portugal and Spain be the next victims of the debt crisis? - 0 views

  • Portuguese, Spanish and EU leaders, alarmed at the seemingly unquenchable vengeance of this marketplace leviathan, insisted that the two Iberian nations were very far from having to follow Ireland and Greece in asking for bail-outs.
  • EU economics chief Olli Rehn sought to buttress the the standing of Portugal insisting on the "very different" situation between Lisbon and Dublin, while the head of the eurozone, Luxemburgish Prime Minister Jean-Claude Juncker described the market vigilantism against Portugal and Spain as "not justified". Railing against the state of affairs, Mr Rehn told MEPs on Monday: "Any talk of deconstruction of the European project is irresponsible. All member states would have been in a much more difficult situation without the European Union and its political shield."
Prof. Dr  Wolfgang Schumann

27.01.10: Spanish Presidency adds to Kosovo confusion - 0 views

  • Speaking to journalists in Brussels yesterday, Moratinos appeared to take the side of his Serbian colleague Vuk Jeremic, who underlined divisions between EU member countries over Kosovo. Spain is among those EU countries not to have recognised the Balkan state (see 'Background'). 
  • Links European Union European Union Special Representative in Kosovo: EULEX, Kosovo: International Organisations UNMIK: International Civil Office, Kosovo:
Prof. Dr  Wolfgang Schumann

16.10.09: EU group of three to attack Kosovo statehood at UN court - 0 views

  • Three EU states will in a UN court case in December argue that Kosovo's 2008 declaration of independence was illegal. But EU officials say the judges' decision will not impact Kosovo's "irreversible" new status. Spain, Romania and Cyprus will join Serbia and Russia in giving anti-Kosovo depositions during hearings from 1 to 11 December at the UN's top legal body, the International Court of Justice in The Hague.
  • Spain, Romania and Cyprus together with Slovakia and Greece declined to recognise Kosovo's independence last year. But the group of three's involvement in The Hague procedure marks a shift from passive to active resistance against Kosovo statehood. With Germany, France, the UK, the Netherlands and the US set to make pro-Kosovo statements at the UN hearings, the verdict, which is expected in early 2010, could go either way.
Prof. Dr  Wolfgang Schumann

19.02.09: "Montenegrin EU application blocked" - 0 views

  • PODGORICA -- Montenegro's application for EU candidate status has been blocked in the EU Council of Ministers, Podgorica-based daily Vijesti reports on Thursday. This took place before the European Commission even presented its opinion on the country's readiness to gain candidate status. Referring to information published by the EU press agency, Agence Europe, the daily says that several member states within the Enlargement Working Group, above all Holland, Spain, France and Belgium, object to the issue being shifted to the Committee of Permanent Representatives (COREPER), and then to the Council of Ministers.
Prof. Dr  Wolfgang Schumann

18.06.07: EU treaty rifts remaiin after meeting of EU foreign ministers - 0 views

  • EU foreign ministers have agreed on how the new EU treaty should be presented – it should not be called a constitution, and not contain symbols such as an EU flag – but key divisions on the substance of the text remain unresolved.
  • But deep rifts remain on key parts of the treaty that go beyond mere names and symbols and which concern the division of power between the EU and its member states. The status of the Charter of Fundamental Rights – a document listing citizens rights and fully integrated into the draft constitution – is the subject of strong controversy, with the UK in particular opposing a charter that is legally binding.
  • Paris and Madrid seek the scrapping of a number of national vetoes as proposed in the draft constitution. This is strongly opposed by London which is not yet prepared to give up its veto in justice and police matters.
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  • The voting weights issue is seen as a major stumbling block for an agreement at this week's EU summit, with Warsaw proposing its own alternative voting system which would give itself more power relative to Germany.
Prof. Dr  Wolfgang Schumann

26.01.07: Madrid meeting -> Spain pushes for extended EU constitution - 0 views

  • In a speech to open the 'Friends of EU constitution' meeting in Madrid, Spain's foreign minister Miguel Angel Moratinos argued that any revised treaty should be extended to include more European objectives rather than pared down to just institutional reforms. Delegates from the 18 countries that have ratified the EU constitution plus its strong supporters - Ireland and Portugal - have gathered in a cultural centre - usually used for hosting events related to Latin America - to outline their positions on the future of the European treaty.
Prof. Dr  Wolfgang Schumann

01.03.07: Spain and Germany up pressure on EU constitution - 0 views

  • Spain has reaffirmed its role of a vocal promotor of the EU constitution with renewed criticism of the UK, France and the Netherlands, while Germany is also upping the pressure saying it wants a new-style EU treaty before the end of the year.
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