As parliamentarians across the EU discussed economic governance in the EP this week, French socialist Ms Pervenche Berès, responsible for an EP report evaluating the EU’s economic governance framework, and EP vice president, Finnish liberal Olli Rehn, said they believe in a mixture of structural reforms and investment to help boost the economy. “The euro area […]
Jobs Boost From Erasmus Says Impact Study
Young people who study or train abroad not only gain knowledge in specific disciplines, but also strengthen key transversal skills which are highly valued by employers reports a new study on the impact of the European Union’s Erasmus student exchange programme. It illustrates that graduates with international experience fare much better on the job market. They […]
Farage, “Poke the Russian bear with a stick, don’t be surprised if he reacts”
The EU should take a more proactive line on the conflict between Russia and Ukraine and impose tougher sanctions on Russia, urged some political groups in Tuesday’s debate with EU Enlargement and Neighbourhood Policy Commissioner Štefan Füle. Others, however, stressed the need to “keep communication channels open”. “We want to see actions and not words […]
Closing ‘Mentoring Gap’ Boost Economy, Says Sage
Closing the ‘mentoring gap’ could help the UK’s 4.9 million small businesses double their chances of increasing turnover, generating millions of pounds for the UK economy, according to Sage, a leading software provider to small and medium sized businesses. Sage is launching Business Navigators, a campaign to encourage small businesses to make use of business […]
Tangled IT App Web Stunts Digital Transformation, Says Capgemini
A study of over 1,000 CIOs and senior IT decision makers by leading tech consulting firm, Capgemini, has revealed that the tangled web of applications within international organizations is getting more and more complex, putting strain on the IT department and stunting digital transformation. According to the study, over the last three years the number of […]
MEPs Insist On Troika Jobs And Recovery Plan
Growing unemployment – especially among the young, leading to their emigration – the loss of small firms and rising poverty rates, even among the middle class, are the key impacts of the economic crisis and adjustment measures designed by the ECB/EU Commission/IMF “Troika” for Greece, Cyprus, Portugal, Ireland, say Employment Committee MEPs in a resolution voted […]
Greek Presidency Gets Rough Start Over Economic Fears
Greek Prime Minister Antonis Samaras presented his country’s priorities for its six months at the helm of the EU to MEPs. The presidency, which started on 1 January, will focus on boosting growth and jobs, the banking union and an immigration policy based on more solidarity. Mr Samaras said there was a clear need for […]
EU Firms Get Boost For Third Country Contract Bids
Plans for a tool to allow EU countries to prevent non-EU firms from bidding for public procurement contracts worth €5 million or more unless their home countries reciprocate by allowing EU firms to do likewise were approved by Parliament on Wednesday. The proposed tool, which could be used only with European Commission approval, should strengthen […]
Troika Time – Klaus Regling Gets Grilled By MEPs
MEPs questioned EU bailout fund chief Klaus Regling on Wednesday as part of their inquiry into the anti-crisis role and operations of the European Central Bank/IMF/EU Commission “Troika”. Mr Regling recognised that the remedies had created hardship, but stressed that the severity of the crisis had made the decisions taken necessary. He also said that […]
Final Stage Of Banking Union At Risk Says Workmann-Kool
“The final dossier of the Banking Union might be at risk. We demand a more efficient procedure for failing banks”, stated Corien Wortmann-Kool, Vice-Chairwoman of the EPP Group and Shadow Rapporteur on the Single Resolution Mechanism (SRM) dossier. Wortmann-Kool expressed her disappointment on Thursday morning following the start of trilogue negotiations with the Council and […]