Wednesday

24th Aug 2016

Agenda

This WEEK in the European Union

  • Eurostat will publish the deficit and debt figures for all 27 EU states on Monday (Photo: ansik)

Spain's deficit troubles are likely to dominate the Brussels debate this week, as the statistics office is to publish the 2008-2011 figures for all EU member states on Monday (23 April).

The statistics are keenly awaited for the EU commission to recommend further steps in the so-called excessive deficit procedure against 23 out of EU's 27 member states. Spain's deficit in 2011 should have been 6.6 percent of GDP, but the new conservative government earlier this year said its predecessor had in fact left a 8.5 percent deficit, as real figures from the regions who are responsible for some parts of the overall budget came in later.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

Madrid last week passed further budget cuts to the tune of €10 billion, after having slashed €44 billion in order to bring down the deficit to 5.3 percent of GDP this year. But markets are sceptical this will work, amid worsening recession and unemployment. The government's borrowing costs have since risen to close to bail-out territory.

Foreign ministers meeting Monday in Luxembourg are expected to roll back sanctions on Burma after the government allowed opposition parties to take up seats in the by-elections. They are also set to increase sanctions on the Syrian regime, as it continues to open fire on protesters. Argentina's controversial nationalisation of a Spanish oil company is also on the agenda.

EU affairs ministers on Tuesday will have another round of discussions on the bloc's future budget for 2014-2020, with talks set to revolve around structural funds and how to link them to economic performance of member states.

A final deal is not expected under the EU Danish presidency which ends in June, but Copenhagen wants to put as many elements together as possible, including the provision for all structural funds to be frozen if a country does not stick to its deficit rules.

Currently, only so-called cohesion funds for 17 poorer countries can be frozen if a state is in breach of the deficit rules. If extended, funding freezes could also apply to social funding, fisheries and rural development monies.

The Prime Minister of Hungary, the first ever country to have a funding freeze imposed - from 1 January 2013 - if it does not curb its deficit, will be in Brussels Tuesday to top EU officials to discuss the issue.

On Wednesday, MEPs dealing with civil liberties will travel to Lithuania to visit a secret site which was used by the CIA to deport and transfer alleged terrorism suspects as part of the 'War on terror' carried out by the George W. Bush administration.

The following day, interior ministers in Luxembourg will discuss whether to set up a system - inspired by the very same Bush administration - for collecting and screening all air travellers' personal data flying into and out of the EU and using it for anti-terrorism purposes.

Migration and the ever-lasting debate on allowing the EU commission to have a say in the temporary re-introduction of border checks are also on the agenda.

On Friday, justice ministers will try to agree on parts of a bill criminalising insider dealing and market manipulation - a follow-up to the 2008 financial crisis caused by the collapse of the Lehman Brothers investment bank.

Slovakia's Fico goes to Russia

The Slovak prime minister, whose country currently chairs the EU council, will meet the Russian leader ahead of upcoming EU talks on Russia policy.

Stakeholders' Highlights

  1. HuaweiMaking cities smarter and safer
  2. GoogleHow Google Makes Connections More Secure For Users
  3. EGBAThe EU Court of Justice Confirms the Application of Proportionality in Assessing Gambling Laws
  4. World VisionThe EU and Member States Must Not Use Overseas Aid for Promoting EU Interests
  5. Dialogue PlatformInterview: "There is a witch hunt against the Gulen Movement in Turkey"
  6. ACCAACCA Calls for ‘Future Looking’ Integrated Reporting Culture With IIRC and IAAER
  7. EURidNominate Your Favourite .eu or .ею Website for the .EU Web Awards 2016 Today!
  8. Dialogue PlatformAn Interview on Gulen Movement & Recent Coup Attempt in Turkey
  9. GoogleA Little Bird Told us to Start Tweeting About Google’s Work Across Europe. Learn More @GoogleBrussels
  10. Counter BalanceThe Trans Adriatic Pipeline: An Opportunity or a Scam in the Making for Albania?
  11. Counter BalanceThe Investment Plan for Europe: Business as Usual or True Innovation ?
  12. Belgrade Security ForumMigration, Security and Solidarity within Global Disorder: Academic Event 2016