Latest News
The “Quo Vadis Europa?” seminar and the irreplaceable role of UN agencies in the Middle East
Over 15% of foreign nationals in Belgium register for October municipal elections
European Commission presses Meta for clarification on discontinuation of disinformation tracking tool
Switzerland tops Europe in research expenditures per capita
Eurobarometer survey reveals democracy and economic power as key strengths of the EU
EU Agency for Fundamental Rights reports rising antisemitism in Europe
Biden drops out, endorses Harris — what happens next?
Roberta Metsola re-elected as President of the European Parliament
Half of Belgian Jews conceal identity due to safety concerns
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Zurab Musinyan: “Let my case lie at door of Russian special services combating international terrorism…”Specialized Oil-Loading Seaport Vitino captured by Russian security officials through hostage taking keeps on being a subject of carve-up and litigations by Russian and international companies....Read More...
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World Refugee Day: Joint Statement by the European Commission and the High RepresentativeNo country, no region in the world has been spared from the impact of COVID-19. The virus is exacerbating existing inequalities and has a disproportionate effect on refugees,Read More...
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Why Andorra finds EU membership unappealing?Andorra, a small landlocked country located in the eastern Pyrenees mountains between France and Spain, has long maintained a unique position in Europe. With a population ofRead More...
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Who will succeed Stoltenberg as NATO secretary-general?As Jens Stoltenberg's tenure as NATO Secretary-General approaches its end, discussions and conjecture are mounting regarding his potential successor.Read More...
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Which EU candidate country is the most likely to join the bloc quickly?The European Union (EU) has a well-established process for countries seeking membership, known as accession. While the journey to EU membership can be long and arduous,Read More...
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Where are the women in Fiji's new era of democracy?Fiji's recent election in December 2022 marked a milestone in the country's democratic journey, with a coalition government led by Sitiveni Rabuka, a former prime minister, coupRead More...
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What will the process of protecting and fostering Jewish life in the EU look like?Today, lively discussions are taking place in EU countries on the Strategy on combating antisemitism and fostering Jewish life (2021-2030).Read More...
Latest News
The “Quo Vadis Europa?” seminar and the irreplaceable role of UN agencies in the Middle East
Over 15% of foreign nationals in Belgium register for October municipal elections
European Commission presses Meta for clarification on discontinuation of disinformation tracking tool
Switzerland tops Europe in research expenditures per capita
Eurobarometer survey reveals democracy and economic power as key strengths of the EU
EU Agency for Fundamental Rights reports rising antisemitism in Europe
Biden drops out, endorses Harris — what happens next?
Roberta Metsola re-elected as President of the European Parliament
Half of Belgian Jews conceal identity due to safety concerns
Must Read
-
Zurab Musinyan: “Let my case lie at door of Russian special services combating international terrorism…”Specialized Oil-Loading Seaport Vitino captured by Russian security officials through hostage taking keeps on being a subject of carve-up and litigations by Russian and international companies....Read More...
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World Refugee Day: Joint Statement by the European Commission and the High RepresentativeNo country, no region in the world has been spared from the impact of COVID-19. The virus is exacerbating existing inequalities and has a disproportionate effect on refugees,Read More...
-
Why Andorra finds EU membership unappealing?Andorra, a small landlocked country located in the eastern Pyrenees mountains between France and Spain, has long maintained a unique position in Europe. With a population ofRead More...
-
Who will succeed Stoltenberg as NATO secretary-general?As Jens Stoltenberg's tenure as NATO Secretary-General approaches its end, discussions and conjecture are mounting regarding his potential successor.Read More...
-
Which EU candidate country is the most likely to join the bloc quickly?The European Union (EU) has a well-established process for countries seeking membership, known as accession. While the journey to EU membership can be long and arduous,Read More...
-
Where are the women in Fiji's new era of democracy?Fiji's recent election in December 2022 marked a milestone in the country's democratic journey, with a coalition government led by Sitiveni Rabuka, a former prime minister, coupRead More...
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What will the process of protecting and fostering Jewish life in the EU look like?Today, lively discussions are taking place in EU countries on the Strategy on combating antisemitism and fostering Jewish life (2021-2030).Read More...
Parliament adopted a significant step towards reducing risks in the banking system and establishing the Banking Union, on Tuesday.The rules approved by Parliament and already informally agreed with member states, concernprudential requirements to make banks more resilient. This should help to boost the EU economy by increasing lending capacity and creating more liquid capital markets, and a clear roadmap for banks to deal with losses without having to resort to taxpayer funded bailouts.ProportionalityTo ensure that banks are treated proportionately, according to their risk profiles and systemic importance, MEPs ensured that “small and non-complex institutions” will be subject to simplified requirements, in particular with regard to reporting and to putting fewer funds aside to cover possible losses. Systemically important banks, however, will have to have significantly more own funds to cover their losses in order to strengthen the principle of bail-in (losses imposed on banks' investors (e.g. bondholders) to avoid bankruptcy, instead of state-funded recapitalisation) in the EU.SME supporting factorAs small and medium enterprises (SMEs) carry a lower systemic risk than larger corporates, capital requirements for banks will be lower when they lend to SMEs. This should mean that lending to SMEs will increase.Peter Simon (S&D, DE) the rapporteur for the prudential requirements (CRD-V/CRR-II), said:“In the future, banks will be subject to stricter leverage and long-term liquidity rules. Sustainability is also important, as banks have to adapt their risk management to risks that stem from climate change and the energy transition.”Avoiding taxpayer bailoutsParliament has approved the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), which means that international standards on loss absorption and recapitalisation will be incorporated into EU law.This new legislation on a clear roadmap for banks to deal with losses should ensure that they hold enough capital and bail-inable debt to not resort to taxpayer bailouts and define conditions for early remedial measures.MoratoriumThe new rules for applying a “moratorium power” will suspend payments by banks that are in difficulty . This power may be activated when it has been determined that the bank is failing or likely to fail and if there is no immediately available private sector measure to prevent the failure. It allows the resolution authority to establish whether it is in the public interest to put the bank into resolution rather than insolvency. The scope of the moratorium would be proportionate and tailored to a concrete case.If the resolution of a failing or likely to fail bank is not in the public interest, it should be wound up in an orderly manner according to national law.ProtectionFinally, Parliament secured provisions to protect small investors from holding bail-inable bank debt, such as bonds issued by a bank when it is not a suitable retail instrument for them. Financial contracts governed by third country law in the EU would need to have a clause acknowledging that it was subject to the resolution rules on bail-in and moratorium.Gunnar Hökmark (EPP, SE), the rapporteur for the BRRD/SRMR package, said: “This is a very important step in the completion of the Banking Union and in reducing risks in the financial system. The new law is balanced, as it sets requirements on banks but at the same time also ensures that banks can play an active role in financing investments and growth”.
The strong performance of the far-right in Finland’s elections has shown the strength of anti-immigrant parties across the continent, just over a month before the European parliament elections.The Finns Party more than doubled its seats under the leadership of hardline nationalist Jussi Halla-aho in Sunday’s vote.It took 17.5 percent of the ballots, just behind the Social Democrats who came in first with 17.7 percent — which could make it tricky for Social Democrat leader Antti Rinne to form a government that excludes the far-right. The far-right has made new gains recently in EU countries ranging from Estonia to Spain, on top of its strong bases in nations like France, Germany and Italy.European voters are due to choose a new parliament in elections from May 23-26, and gains for the far right would be a new blow for the bloc’s established leaders after the crisis caused by Brexit.– ‘Motor force’ –Identity and immigration are the “motor force” behind the populist vote in Europe, French researcher Jean-Yves Camus, a specialist on the far-right, told AFP.“There is a real crisis of representative democracy which is being challenged through direct democracy,” he told AFP.He said Hallo-aho had driven his party in a much more radical direction than his predecessor Timo Soini, who conformed more to the model of a European national conservative. “There was radicalisation within the Finns Party,” Camus said.Goran Djupsund, a professor of political science at the Abo Akademi University in Finland, noted that no party in the election had passed the 20 percent mark: a sign of growing fragmentation in politics.The party of outgoing prime minister Juha Sipila was relegated to fourth place.
US Secretary of State Mike Pompeo held talks Saturday with Paraguay's President Mario Abdo Benitez as part of a four-nation tour of Latin American allies focusing heavily on Venezuela and countering China's economic reach.Pompeo -- the first US secretary of state to visit the former dictatorship since 1965 -- paid tribute to the country's transition to democracy as an inspiration to the region.Pompeo arrived in Asuncion late Friday after talks with Chile's President Sebastian Pinera in Santiago that focused heavily on his country's developing trade relationship with China.The tour will also take in stops in Peru and Colombia.In Asuncion, Pompeo praised Paraguay's support for US-backed opposition leader Juan Guaido in Venezuela, and its role in the Lima Group of mostly Latin American nations seeking a solution to the Venezuela crisis. "Paraguay is a leader in defending democracy and calling Maduro as he is, a tyrant who has ruined his country," Pompeo said.Foreign Minister Luis Castiglioni said Paraguay's position on Venezuela remained strongly aligned with that of the United States."We have always said: with dictators, with tyrants, there is no dialogue. You fight them. We must fight them until liberties are restored so that the Venezuelan people can return to live with dignity," he told reporters.Asked by a US journalist if Paraguay would back a military intervention in Venezuela, he said: "We are convinced that all the diplomatic efforts that are being made to isolate this regime will have results in a short time."Paraguay was ruled by dictator Alfredo Stroessner from 1954 to 1989.- Transnational crime -The two officials also discussed Paraguay's commitments on combatting threats of terrorism, drug trafficking and transnational crime in what is known as the tri-border area, the border region Paraguay shares with Argentina and Brazil."Paraguay has declared all-out war against transnational crime," said Castiglioni."This battle that we are fighting is a battle of no return until we win. We have assured the Secretary of State that Paraguay wants to cooperate very closely with the US government, since we are on the same path."Pompeo flew out of Asuncion bound for Lima, Peru after meeting officials at the US embassy.He was to hold talks in Lima with Peru's President Martin Vizcarra and Foreign Minister Nestor Popolizio.The highlight of Pompeo's trip will be a brief visit Sunday to the Colombian city of Cucuta on the Venezuelan border, where he will meet refugees. All four countries on his itinerary are led by right wing or center-right leaders favorable to Washington's uncompromising approach to Maduro.The US official said before his arrival in Chile on Friday that the current US administration had "spent a lot of time" in Latin America seeking to improve trade in a region which has turned its back in recent years on a slew of leftist governments."This is an historic opportunity," he told reporters, referring to "a handful of countries that are truly market driven, democratic in ways that we haven?t had in South America for decades. And we think it creates real opportunity."Asked about China's influence at a press conference following a working lunch with his Chilean counterpart Roberto Ampuero, Pompeo said: "I think the Chilean government and the United States government both share the same concerns.""China's trade activities often are deeply connected to their national security mission, their technological goals, their desire to steal intellectual property, to have forced technology transfer, to engage in activity that is not economic," he said. Pompeo also blasted China's continuing support of Maduro's regime in Venezuela, which he said is prolonging the crisis.Pinera is due to embark on a visit to China next week.AFP
Across much of Britain's former Asian colonies, many are greeting the United Kingdom's impending departure from the European Union with a mixture of bafflement, apathy, amusement - and a touch of schadenfreude.Britain long justified imperial subjugation by arguing that Rule Britannia brought order, stability and shared prosperity - even after its retreat from colonialism birthed a host of troubled new nations still saddled with historical grievances and legacies to this day.Now Britons face chaos and internal division of their own making, alongside potential isolation and years of economic hardship - particularly if Britain crashes out of the EU with no deal on April 12. "I was born and brought up in this British colony called Hong Kong and used to think that the Brits were a very sensible people," remarked Ms Claudia Mo, a pro-democracy lawmaker in the financial hub."I've been watching Brexit process as a former colonial person and it's almost like a farce; it's sadly funny, sadly amusing. I'm baffled as to why and how things got to where they are now. To outsiders it's almost unthinkable," she told AFP.Ms Mo, 62, came of age politically during a turbulent period for her birthplace sparked by Britain's colonial legacy - the 1997 handover of Hong Kong to China.Unlike Brexit, Hong Kongers had no say in their future and many were desperate to obtain British passports in case the handover unleashed chaos.Many youngsters, Ms Mo said, are still looking for opportunities overseas, given Beijing's increasingly authoritarian grip, but they may be less inclined to opt for Britain."I think their first choices here are more likely Australia and Canada," she remarked. In India, Mr Sreeram Chaulia, dean of the Jindal School of International Affairs, said many regard Brexit as the latest chapter in what has been a "sharp decline in the place Britain commands as a great power"."They are not a gold standard to look up to," he said. "We get a feeling of a sinking ship and everybody wants to leave a sinking ship." India's economy is set to overtake Britain's later this year."The UK will then become a middle power. It is like a reversal of scale," he noted. Students at Bangladesh's Dhaka University offered mixed views on what Brexit might mean.Mr Syed Tahsin said he hoped the relationship between the two countries might be "more positive than ever before", given Britain has vowed to strengthen bridges with Commonwealth countries.But others fretted that the anti-immigrant sentiment which fuelled the leave vote would make Britain less welcoming to overseas visitors and the Bangladeshi community already there."Brexit itself is a policy of white supremacists," lamented student Aishwarya Proma, adding she feared it will "just push more... immigrants (to) go back to their countries".While Brits and Europeans may have been engrossed by the unceasing weekly drama of Brexit, many further afield admitted that they were more preoccupied by local issues."The Brexit issue and the wider conversations about democracy seem far removed from daily life in Sri Lanka, where we are all consumed with our own dysfunctional politics," Mr Dharisha Bastians, chief editor of the Sunday Observer newspaper, told AFP.Nationalist Sri Lankan legislator Udaya Gammanpila regarded that disinterest as a good sign."We are no longer preoccupied with British politics. We are slowly getting over our colonial mentality," he said.'BREXIT YOGA'Given its cultural and linguistic links, Australians have followed the Brexit drama perhaps more closely than any other former colony.Mr Nick Miller, Europe correspondent for the Sydney Morning Herald and The Age newspapers, noted there was "immediate interest" from readers."The sight of a country deliberately throwing away a close, mutually beneficial partnership, wilfully damaging its economy and influence on a point of cultural principle, was a surprise," he wrote.Though he noted Britain hardly had a monopoly on political dysfunction."We've changed prime ministers six times in the past 11 years, only twice as the result of an election," he wrote.Others have opted for humour.A "Brexit Yoga" video by Australian comic Sammy J - featuring postures such as "Rising Nationalism", "Instant Regret" and "Downward Facing Economy" - went viral last month on Facebook racking up some 5.4 million views.Singaporean economics student Linus Yeo said he was keen to look for silver linings."Feels like the perfect time to take a holiday in the UK," he told AFP. "The pound is probably going into freefall."Meanwhile, freelance cameraman Tanmay, of New Delhi, joked that Brexiters could learn some patience from India."I am not surprised Brexit is taking a long time," he said. "The British took ages to leave here too."AFP
A former academic with a love of classical allusions and naked poolside Instagram photos, Thierry Baudet has stunned the Dutch political world with his victory in
Read more: The naked populist: Thierry Baudet stuns the Netherlands