To me it is apparent that the debate is triangular – among the Commission, the ECB, and the European Council, leaving one player out. The European Parliament, that is. The President of the European Council Herman Van Rompuy proposed a “crisis cabinet”. He said that “there is not much hierarchy or organic links between the main players and the main institutions”.
I am not an economist. But the warnings against the current EU approach towards the eurozone crisis come from too many places. The German government is on the forefront of an attempt to restrict the volatility of the euro exchange rate. First, the German financial regulator BaFin placed a unilateral ban on naked short-selling of eurozone sovereign debt instruments, with little effect.
The pressure is mounting on the European Union to do something about Greece’s debt and fiscal deficit problems. The word “bail-out” is heard more and more often. Picture: Greece's Finance Minister George Papaconstantinou leaves a news conference in Athens February 9, 2010.
The European Union will adopt a new graphical logo for organic food. The logo will be obligatory on all pre-packaged organic products that have been produced in any of the EU Member States and meet the necessary standards. It will be optional for imported products.
Sometimes reading the Official Journal of the European Union has its benefits. Today we have the Regulation (EU) No 97/2010 entering a name in the register of traditional specialities guaranteed Pizza Napoletana (TSG). What is remarkable about the regulation is the recipe for preparing the pizza napoletana (pp. 10-12). From personal experience I can highly recommend this specialty.
China has complained to the World Trade Organization about anti-dumping duties imposed by the European Union on shoes made in China. China says that the EU has “violated various obligations under the W.T.O., and consequently caused damage to the legitimate rights and interests of Chinese exporters.
A European Commission study recommends setting up a dedicated European body to oversee the implementation and enforcement of EU waste law. The new agency should tackle the underlying problems of poor implementation and enforcement of European waste legislation. The scale of the problem has grown in recent years following increases in waste generated and shipped in the enlarged EU.
We now have the statement by Mr. Barroso and by the legal services of the European Parliament on the supposed conflict of interests of the Bulgarian commissioner designate, Rumiana Jeleva. As I have promised, now I should deliver my own opinion on her candidature. This is a difficult task since Mrs. Jeleva is a colleague – a lecturer at the Sofia University “St. Kliment Ohridski”.
There are a two interesting analytical reports on the opening of the East Siberia-Pacific Ocean (ESPO) oil pipeline that links Russian oil to Asian markets. Euractiv has published an analysis by Wojciech Konończuk by Centre for Eastern Studies on the issue.