Open Europe : Cut through the chatter

[Politics.be]

ECJ opinion on ECB bond buying “a bad day for Eurozone taxpayers” In response to yesterday’s opinion by a European Court of Justice (ECJ) Advocate General which supported the legality of the ECB’s bond buying programme, OMT, Die Welt’s Christoph B. Schiltz writes “What a day of celebration for ECB President Mario Draghi, the crisis states of Greece, Portugal and Italy, the European bailout politicians and for speculators! What a bad day for Eurozone taxpayers, the Constitutional Court and for the competitiveness of the European economy!” Frankfurter Allgemeine Zeitung’s Holger Steltzner argues that the case “concerns not ‘only’ the boundaries of monetary policy. It is also about who has the final word. In this instance, the [German] Constitutional Court can hardly backpedal… along this road the ECB will also introduce Eurobonds through the back-door and again push for debt pooling in the Eurozone without any democratic legitimacy.” Open Europe’s blog arguing that the opinion could set up a clash between the ECJ and the German court was cited by the Guardian live blog and Deutsche Wirtschafts Nachrichten. Source: Open Euro pe Blog, Die Welt: Schiltz, Frankfurter Allgemeine Zeitung: Steltzner

France and Germany to discuss removing ISDS from EU-US free trade deal
Source: EurActiv, Deutschlandfunk, Süddeutsche Zeitung

Swiss government hoping to negotiate “safeguard clause” on EU immigration
Source: Open Europe Intelligence, Reuters

Cata lonia to hold early elections as a proxy for referendum on independence
Source: El Pais, El Mundo

Finnish PM rules out write downs on loans to Greece
Source: The Financial Times, Kathimerini

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Kenny: Ireland would back “reasonable” EU reform proposals to keep UK in the EU
Source: EurActiv

ECB reconsidering decision to snub Irish parliament’s banking inquiry
Source: Irish Independent

Russian government to cut budget by 10% due to oil price fall
Source: Reuters, The Financial Times, Bloomberg


Bron: politics.be