The European Parliament’s Civil Liberties committee has agreed that NSA fugitive Edward Snowden can give evidence to an inquiry into the allegations he has made – but only if he appears in a live and interactive session. European Conservatives and Reformists Group spokesman on the inquiry, Timothy Kirkhope MEP, continues to oppose any platform being […]
Strong Jump For German Industrial Production
Regaining momentum. German industrial production returned as an important growth engine in November, increasing by 1.9% MoM from a 1.2% drop in October. On the year, industrial production is now up by 3.5%. The increase was driven by stronger production of capital goods (+5.1% MoM) and durable consumer goods (+3.7% MoM). Interestingly, both the energy […]
ECB Can’t Get No, Satisfaction, From The German, CPI Data…
Inflationary pressure in Germany remains low. Based on the results of several regional states, German headline inflation increased to 1.4% YoY in December, from 1.3% in November. On the month, German prices increased by 0.4% MoM. Based on the harmonised European definition (HICP), headline inflation decreased to 1.2%, from 1.6% in November. On the month, […]
Latvia Joins Euro With Smooth Transition
Latvia has adopted the euro as its official currency and “the changeover is running smoothly and according to plan” according to the European Commission. The previous national currency – the lat – is now being phased out during a transitional two-week dual circulation period when both currencies have legal tender status. By the end of […]
SMEs Leading Big Business In Race To Full Digitalisation
Small and medium-sized businesses (SMBs) across Europe are moving much faster than their peers in larger organisations in the race to complete key digital transformation initiatives, according to research commissioned by Ricoh Europe. Almost two thirds of SMBs (64 per cent) expect to digitise their remaining physical documents within the next three years, compared to less than […]
Tsipras Meets Rehn. The Bro-mance That Never Was.
In Brussels, Alexis Tsipras, Greek MP and President of Synaspismos, met with Mr Karas and Mr Liêm Hoang Ngoc, to be briefed about the progress of the ongoing inquiry by the Economic and Monetary Affairs Committee of the European Parliament on the role of the troika in the countries under Memorandum, Tsipras said: “We came […]
Coelho, “Saving Border Lives Should Be Mandatory”
The tragedy off the coast of Lampedusa on 3 October when hundreds of refugees drowned sparked calls for a more humane approach to migration in Europe to prevent the Mediterranean becoming the “graveyard of Europe”. To achieve this, the rules for search and rescue missions conducted by Frontex, the EU’s agency for external border security, […]
Single EU Patent Protection Agreed
European Union Justice Ministers have reached agreement in record time on a European Commission proposal (IP/13/750) to complete the legal framework for Europe-wide patent protection. The proposal will update EU rules on the jurisdiction of courts and recognition of judgments and pave the way for a specialised European patent court – the Unified Patent Court – […]
Bah! Humbug! German New Orders Disappoint
Still zig-zagging. Festive cheer is lacking as new figures show German new orders disappointed in October, dropping by 2.2% MoM, from a 3.1% increase in September. On the year, new orders are still up by 1.9%. The drop was broadly driven by weaker foreign and domestic demand. German new orders have been on a zig-zag […]
MEPs To Ban Non-EU Firms From EU Public Procurement, Unless There’s Reciprocation
A draft law that could bar non-EU firms from bidding for public procurement contracts in the EU unless their home countries allow EU firms reciprocal access to their public procurement markets was endorsed by the International Trade Committee on Thursday. The proposed “international public procurement instrument” should strengthen the EU’s hand in trade talks and […]