New poll: German voters say next Chancellor lacks mandate to press ahead with further financial support for eurozone a majority agree euro membership should be slimmed downOpen Europe and Open Europe Berlin have today published the first in a three-part series about Germans views on Europe, ahead of the countrys federal elections on 22 September. The poll conducted by YouGov Deutschland shows that theres limited public appetite for more eurozone integration, while a full 55% of Germans agree that Germany should keep the euro but membership should be restricted to a select group of more similar countries. By a clear majority on every policy queried, including further loans, debt write-downs, a joint banking backstop or fiscal transfers, German voters do not consider the next German government to have the mandate to press ahead with more direct or indirect financial support to the eurozone after the September 22 elections. Almost two-thirds (65%) said the next Chancellor would only have the mandate to sign up to more money going to other eurozone countries if a referendum was held.
Open Europes Policy Analyst Nina Schick said: German voters support for more Europe seems to be mostly limited to strict control over other countries spending. On all other eurozone initiatives currently being discussed including debt write-downs and a banking union a majority of Germans remain opposed. The question is if the next German Chancellor is prepared to press ahead with more eurozone integration anyway, risking the gap between voters and politicians widening further.
Open Europe press release Open Europe/YouGov Deutschland poll Open Europe Berlin/YouGov Deutschland poll
Goldman executives: European banks would quit London if UK left the EU
In an interview with the Evening Standard, Michael Sherwood and Richard Gnodde, the co-chief executives of Goldman Sachs International, have said European banks will relocate onto the Continent from London in very short order if Britain exits the EU. However, Gnodde said, There was a City before the EU was ever thought of. In or out, there will be a City for the next 100 years. The question is: what kind of City will it be? He added that David Camerons intention to hold an in-out referendum after the next election could help to strengthen Londons bargaining position.
Evening Standard Reuters Euractiv
A leaked version of a draft European Commission report suggests that the Cypriot bailout is on track but warns that the capital controls cannot be removed until the recapitalisation of the banking sector is comprehensively complete.
Kathimerini Cyprus Mail FT Brussels blog
Italys state sector budget deficit rose to 9.2bn in August 2013, compared to 6bn in August 2012 partly as a result of the abolition of a property tax on first homes decided by the Italian government last week. Open Europes Raoul Ruparel appeared on CNBC Squawk Box Europe discussing the figures.
MEF press release Repubblica La Stampa Reuters FT
The number of registered unemployed in Spain went down by 31 people in August marking the first decrease in this single month since August 2000.
El País Expansión
The Times reports that Andy Coulson, the Prime Ministers former director of communications, has said David Cameron is failing to address the Conservatives vulnerability to Nigel Farage and UKIP and has not yet done enough to reassure the public on Europe.
Times Times: Montgomerie
The Express reports that Home Office statistics show that 299 foreign national offenders won appeals against deportation using Article 8 of the European Convention on Human Rights last year up from 177 the year before.
Express
In yesterdays meeting of the Bundestags Budget Committee, German Finance Minister Wolfgang Schäuble admitted that Greece needs at least 4bn in extra funds to plug a financial gap in 2014, reports FAZ. At the same time, he rejected retroactive direct recapitalisation of banks from the European Stability Mechanism (ESM) as proposed by Greek Finance Minister Yannis Stournaras.
Kathimerini Kathimerini 2 Kathimerini 3 FAZ Welt Süddeutsche
In an exclusive interview with Le Figaro, Syrian President Bashar al-Assad warns of negative repercussions for Frances interests if the country takes part in military operations against Syria.
Le Figaro: Assad Le Monde Le Figaro Irish Times
Private sector manufacturing reached a 26 month high in August according to data released yesterday. Many countries including Germany, Spain and Italy posted strong growth in the sector, although both France and Greece contracted, albeit at a slower pace.
FT WSJ
The Telegraph reports that the European Commission has warned of a slide towards blatant and uncontrolled protectionism across the world as emerging markets defend their industry, warning that abuses by Russia, Brazil, Indonesia, China and other key states pose a growing threat to global recovery.
Telegraph
Nato Secretary General Anders Fogh Rasmussen has called on European countries to step up cooperation on defence, arguing in favour of moves towards a borderless EU defence market and intensified integration on military matters.
Euractiv
Bron: politics.be
Open Europes Policy Analyst Nina Schick said: German voters support for more Europe seems to be mostly limited to strict control over other countries spending. On all other eurozone initiatives currently being discussed including debt write-downs and a banking union a majority of Germans remain opposed. The question is if the next German Chancellor is prepared to press ahead with more eurozone integration anyway, risking the gap between voters and politicians widening further.
Open Europe press release Open Europe/YouGov Deutschland poll Open Europe Berlin/YouGov Deutschland poll
Goldman executives: European banks would quit London if UK left the EU
In an interview with the Evening Standard, Michael Sherwood and Richard Gnodde, the co-chief executives of Goldman Sachs International, have said European banks will relocate onto the Continent from London in very short order if Britain exits the EU. However, Gnodde said, There was a City before the EU was ever thought of. In or out, there will be a City for the next 100 years. The question is: what kind of City will it be? He added that David Camerons intention to hold an in-out referendum after the next election could help to strengthen Londons bargaining position.
Evening Standard Reuters Euractiv
A leaked version of a draft European Commission report suggests that the Cypriot bailout is on track but warns that the capital controls cannot be removed until the recapitalisation of the banking sector is comprehensively complete.
Kathimerini Cyprus Mail FT Brussels blog
Italys state sector budget deficit rose to 9.2bn in August 2013, compared to 6bn in August 2012 partly as a result of the abolition of a property tax on first homes decided by the Italian government last week. Open Europes Raoul Ruparel appeared on CNBC Squawk Box Europe discussing the figures.
MEF press release Repubblica La Stampa Reuters FT
The number of registered unemployed in Spain went down by 31 people in August marking the first decrease in this single month since August 2000.
El País Expansión
The Times reports that Andy Coulson, the Prime Ministers former director of communications, has said David Cameron is failing to address the Conservatives vulnerability to Nigel Farage and UKIP and has not yet done enough to reassure the public on Europe.
Times Times: Montgomerie
The Express reports that Home Office statistics show that 299 foreign national offenders won appeals against deportation using Article 8 of the European Convention on Human Rights last year up from 177 the year before.
Express
In yesterdays meeting of the Bundestags Budget Committee, German Finance Minister Wolfgang Schäuble admitted that Greece needs at least 4bn in extra funds to plug a financial gap in 2014, reports FAZ. At the same time, he rejected retroactive direct recapitalisation of banks from the European Stability Mechanism (ESM) as proposed by Greek Finance Minister Yannis Stournaras.
Kathimerini Kathimerini 2 Kathimerini 3 FAZ Welt Süddeutsche
In an exclusive interview with Le Figaro, Syrian President Bashar al-Assad warns of negative repercussions for Frances interests if the country takes part in military operations against Syria.
Le Figaro: Assad Le Monde Le Figaro Irish Times
Private sector manufacturing reached a 26 month high in August according to data released yesterday. Many countries including Germany, Spain and Italy posted strong growth in the sector, although both France and Greece contracted, albeit at a slower pace.
FT WSJ
The Telegraph reports that the European Commission has warned of a slide towards blatant and uncontrolled protectionism across the world as emerging markets defend their industry, warning that abuses by Russia, Brazil, Indonesia, China and other key states pose a growing threat to global recovery.
Telegraph
Nato Secretary General Anders Fogh Rasmussen has called on European countries to step up cooperation on defence, arguing in favour of moves towards a borderless EU defence market and intensified integration on military matters.
Euractiv
Bron: politics.be