New business poll: Remaining in the EU with powers returned to Westminster is favoured option;Three quarters of businesses support an EU referendumThe British Chambers of Commerces latest business barometer poll of 4,000 businesses has revealed that 77% of businesses support a referendum on EU membership, compared with 14% against and 9% unsure. In terms of timeframe, nearly half of businesses (43%) believe that a referendum should only take place after negotiations have run their course, compared with 34% who feel that a referendum should be held before 2017. The option to Remain in the EU, but with specific powers transferred back from Brussels to Westminster received the highest positive impact rating, with 61.4%.
Meanwhile, the Sun laid out its position on numerous policy areas including Europe, saying, We have long been Eurosceptic and we will hold David Cameron, if hes re-elected, to the referendum he has promised. But it is not a given the Sun would want out. If Cameron pulls off the radical reforms he speaks of and thats a big if we might get the best of both worlds.
Mail BCC CityAM Sun
In an interview with Süddeutsche Zeitung, ECB President Mario Draghi said, I think is a necessary next step. Therefore the ECB Executive Board will present a proposal to the ECB Governing Council accordingly.
Süddeutsche: Draghi FAZ AFP Handelsblatt Welt
Bank of Cyprus exits restructuring but only after uninsured deposits are locked in for fixed period
Following the conversion of 47.5% of uninsured deposits into bank shares, the Bank of Cyprus has exited its restructuring process. However, only 12% of the remaining frozen uninsured deposits will now be released, with the rest converted into fixed term deposits (of between six and twelve months, with the possibility of extending the period). Depositors will be compensated with slightly higher interest rates on these deposits. Open Europes blog, noting that the motivation for this was likely to stop deposits fleeing once capital controls are removed, was cited by the Telegraph live blog.
Open Europe blog Cyprus Mail Cyprus Mail 2 Famagusta Gazette FT Telegraph: Live blog
The WSJ notes that EU foreign policy chief Catherine Ashtons review of the EUs External Action Service suggests giving the EEAS greater influence over many areas of EU policy, from EU foreign-aid allocations to the implementation of EU sanctions.
WSJ Brussels Beat
Italys Supreme Court prosecutor has requested that Silvio Berlusconis public office ban for tax fraud be cut down to three years, while upholding the four-year prison sentence. The verdict is expected this evening or tomorrow morning. Open Europes blog discussing the rulings possible impact on the stability of the Italian government featured on the Guardians live blog.
Open Europe blog Guardian: Live blog Corriere della Sera Il Sole 24 Ore Repubblica La Stampa Süddeutsche Bild
The deficit of the Spanish central government stood at 3.8% of GDP at the end of June reaching the limit fixed for the entire year. Separately, Spanish Budget Minister Cristóbal Montoro will today propose differentiated deficit targets for Spanish regions instead of the single overall target currently in place. However, he is likely to face opposition from several regional governments.
El País El Mundo El Mundo 2 Spanish governments PR Expansión
The Demos think tank has suggested that the UK should push for a two-year limit on benefits for EU migrants, the right to reserve apprenticeships for British youth and restrict employment boosting tax-breaks for those that take on native workers.
Times Open Europe research
The ECB is expected to hold interest rates at its monthly meeting tomorrow following recent encouraging economic data showing a potential pick up business and household confidence as well as private sector production. Open Europes blog titled Turning a corner in the eurozone? Not quite yet is cited by FT Alphaville.
Open Europe blog WSJ EUobserver FT Alphaville
Kathimerini reports that the Greek government has stepped up the pace of civil servant sackings as it pushes to meet its latest bailout targets but also that the latest EU/IMF/ECB Troika review highlights up to 95 reform measures which Greece has failed to implement.
Kathimerini Kathimerini 2 Kathimerini 3 FT
Irish Minister for Communications Pat Rabbitte has hardened the Irish Governments criticism of the ECB/IMF/ECB Troika over its insistence on a 3.1 billion adjustment in Octobers budget, accusing it of moving the goalposts to impose an arbitrary target.
Irish Times
Dutch magazine Elsevier reports that, according to credit rating agency S&P, house prices in the Netherlands are expected to fall by 5.5% in 2013.
Elsevier S&P Report
Bron: politics.be
Meanwhile, the Sun laid out its position on numerous policy areas including Europe, saying, We have long been Eurosceptic and we will hold David Cameron, if hes re-elected, to the referendum he has promised. But it is not a given the Sun would want out. If Cameron pulls off the radical reforms he speaks of and thats a big if we might get the best of both worlds.
Mail BCC CityAM Sun
In an interview with Süddeutsche Zeitung, ECB President Mario Draghi said, I think is a necessary next step. Therefore the ECB Executive Board will present a proposal to the ECB Governing Council accordingly.
Süddeutsche: Draghi FAZ AFP Handelsblatt Welt
Bank of Cyprus exits restructuring but only after uninsured deposits are locked in for fixed period
Following the conversion of 47.5% of uninsured deposits into bank shares, the Bank of Cyprus has exited its restructuring process. However, only 12% of the remaining frozen uninsured deposits will now be released, with the rest converted into fixed term deposits (of between six and twelve months, with the possibility of extending the period). Depositors will be compensated with slightly higher interest rates on these deposits. Open Europes blog, noting that the motivation for this was likely to stop deposits fleeing once capital controls are removed, was cited by the Telegraph live blog.
Open Europe blog Cyprus Mail Cyprus Mail 2 Famagusta Gazette FT Telegraph: Live blog
The WSJ notes that EU foreign policy chief Catherine Ashtons review of the EUs External Action Service suggests giving the EEAS greater influence over many areas of EU policy, from EU foreign-aid allocations to the implementation of EU sanctions.
WSJ Brussels Beat
Italys Supreme Court prosecutor has requested that Silvio Berlusconis public office ban for tax fraud be cut down to three years, while upholding the four-year prison sentence. The verdict is expected this evening or tomorrow morning. Open Europes blog discussing the rulings possible impact on the stability of the Italian government featured on the Guardians live blog.
Open Europe blog Guardian: Live blog Corriere della Sera Il Sole 24 Ore Repubblica La Stampa Süddeutsche Bild
The deficit of the Spanish central government stood at 3.8% of GDP at the end of June reaching the limit fixed for the entire year. Separately, Spanish Budget Minister Cristóbal Montoro will today propose differentiated deficit targets for Spanish regions instead of the single overall target currently in place. However, he is likely to face opposition from several regional governments.
El País El Mundo El Mundo 2 Spanish governments PR Expansión
The Demos think tank has suggested that the UK should push for a two-year limit on benefits for EU migrants, the right to reserve apprenticeships for British youth and restrict employment boosting tax-breaks for those that take on native workers.
Times Open Europe research
The ECB is expected to hold interest rates at its monthly meeting tomorrow following recent encouraging economic data showing a potential pick up business and household confidence as well as private sector production. Open Europes blog titled Turning a corner in the eurozone? Not quite yet is cited by FT Alphaville.
Open Europe blog WSJ EUobserver FT Alphaville
Kathimerini reports that the Greek government has stepped up the pace of civil servant sackings as it pushes to meet its latest bailout targets but also that the latest EU/IMF/ECB Troika review highlights up to 95 reform measures which Greece has failed to implement.
Kathimerini Kathimerini 2 Kathimerini 3 FT
Irish Minister for Communications Pat Rabbitte has hardened the Irish Governments criticism of the ECB/IMF/ECB Troika over its insistence on a 3.1 billion adjustment in Octobers budget, accusing it of moving the goalposts to impose an arbitrary target.
Irish Times
Dutch magazine Elsevier reports that, according to credit rating agency S&P, house prices in the Netherlands are expected to fall by 5.5% in 2013.
Elsevier S&P Report
Bron: politics.be