21st Mar 2018


This WEEK in the European Union

  • Mario Monti - a familiar figure in Brussels (Photo:

Greece will dominate the headlines once more this week as it seeks to meet three conditions by Wednesday (15 February) in order to secure a second €130 billion bail-out.

The mood of the week will be shaped by whether the Greek parliament on Sunday approves the terms of the package, broadly agreed by Greek party leaders.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

Greek politicians, who have sparred their way through one deadline to the next over the past weeks, will then have to come up with ideas to bridge a fiscal gap of €325 million to meet budgetary targets for this year as well as commit to keeping to the policy programme no matter who is elected into office in the next general election, expected in April.

All these pieces have to be in place by the time euro finance ministers meet in Brussels on Wednesday evening, with just over a month to go before Athens is due a major bond redemption. Without the new bail-out programme, Greece will not be able to make the repayment commitments and will default.

The European Commission will next week issue its first ever report on macro-economic imbalances in the EU, a new task and power accorded to it under strengthened budgetary surveillance rules that came into force in December.

The report will look at where the greatest imbalances are in the EU, with the new laws giving the commission the power to require countries to undertake corrective or preventative measures. The study, due Tuesday, is set to be politically controversial with some economists saying that Germany, with its large current account surplus, needs to do more to ensure liquidity in the European market.

The European Commission will take on a second controversial issue later in the week when it publishes an ideas paper on pensions in Europe.

Pensions remain a national power, and member states are keen to keep it that way, but the commission has begun to tell capitals what kind of reforms they ought to be undertaking in order to boost economic growth and productivity. The problem has become acute in recent years as the elderly dip into pensions for longer, while the funds themselves are paid into by fewer workers.

The European Parliament, in Strasbourg for its monthly plenary session, will on Wednesday host a debate with Italian Prime Minister Mario Monti. The technocrat Monti - well known in Brussels for his stints as a European Commissioner - has brought back seriousness to Italian politics following turbulent years under Silvio Berlsuconi. He has also secured Rome a seat at the EU's top table with Germany and France.

Meanwhile, the rest of Europe hopes he can restore market confidence in Italy to stop it going the way of other bailed out euro countries, with far greater consequences for the eurozone.

This WEEK in the European Union

Another European summit kicks off on Monday afternoon, with leaders aiming to finalise outstanding issues on the European stability mechanism and the fiscal compact treaties.

Brexit and trade will top This WEEK

A crucial EU summit will decide whether to give a green light to the Brexit transition period, while the EU is also fighting to get exemptions from the new US steel and aluminium tariffs.

'Selmayrgate' moves to the EU Parliament This WEEK

As a global trade war looms over the new US steel tariffs, the EU's attention will shift to Strasbourg - where MEPs are expected to debate the Martin Selmayr appointment, trade, Brexit, journalism and the budget.

Italy and migration will top This WEEK

Italy will have voted for a government, Germany's social democrats will have voted to confirm a government (or not): the dynamics in European politics may change, while Brussels will focus on Brexit again.

Election fever picks up This WEEK

Italian general elections, a German coalition in the balance, and the European parliament fighting to get a voice in nominating an EU commission president. This and much more in a week packed with intrigue.

ECB, Budget, EU elections This WEEK

EU leaders will gather to begin talking about the 2019 election process and the post-2020 budget, while eurozone finance ministers will ponder choosing the next European Central Bank deputy chief.


EU praises Turkey on migrant deal despite Greek misery

The EU-Turkey deal was agreed two years ago in Brussels. Focus has largely been on reducing migrant flows across the Mediterranean and helping Syrian refugees in Turkey, while the plight of those on the Greek islands are ignored.

News in Brief

  1. EU to have 'immediate' trade talks with Trump
  2. Separatist activist renounces Catalonia leadership candidacy
  3. EU puts conditions on Bayer-Monsanto merger
  4. Hard Brexit would hit poorer Irish households hardest
  5. Finland hosts secretive North Korean talks
  6. EU to unveil 3% tax on digital giants
  7. German elected S&D leader in European Parliament
  8. Germany: nearly €350m child benefit goes abroad

Stakeholders' Highlights

  1. EUobserverStart a Career in EU Media. Apply Now to Become Our Next Sales Associate
  2. EUobserverHiring - Finance Officer With Accounting Degree or Experience - Apply Now!
  3. ECR GroupAn Opportunity to Help Shape a Better Future for Europe
  4. Counter BalanceControversial Turkish Azerbaijani Gas Pipeline Gets Major EU Loan
  5. World VisionSyria’s Children ‘At Risk of Never Fully Recovering', New Study Finds
  6. Macedonian Human Rights MovementMeets with US Congress Member to Denounce Anti-Macedonian Name Negotiations
  7. Martens CentreEuropean Defence Union: Time to Aim High?
  8. UNESDAWatch UNESDA’s President Toast Its 60th Anniversary Year
  9. AJC Transatlantic InstituteAJC Condemns MEP Ana Gomes’s Anti-Semitic Remark, Calls for Disciplinary Action
  10. EPSUEU Commissioners Deny 9.8 Million Workers Legal Minimum Standards on Information Rights
  11. ACCAAppropriate Risk Management is Crucial for Effective Strategic Leadership
  12. EPSUWill the Circular Economy be an Economy With no Workers?

Latest News

  1. EU leaders set for 'stormy debate' on digital tax at summit
  2. EU praises Turkey on migrant deal despite Greek misery
  3. Judicial reforms 'restore balance', Poland tells EU
  4. Whistleblower fears for life as US arrests Malta bank chair
  5. Behind the scenes at Monday's EU talks on Russia
  6. US yet to push on Nord Stream 2 sanctions
  7. EU mulls coercion to get refugee kids' fingerprints
  8. Five east European states prevent new CAP consensus