Archive for the ‘European Union’ Category

How US & European Union Sanctions Are Crippling Russia

The economic sanctions imposed by the United States and European Union on Russia are having a crippling effect. The economic sanctions are focused on Russia's key defense, energy, and financial service sectors, and include asset freezes, controls on financing, restrictions on access to capital markets, controls on dual-use items, and controls on goods and services for the Russian military. The sanctions' impact isexacerbated by the near 50% slide in crude oil prices, as Russia is the world's second-biggest exporter of crude oil and it relies on oil sales for almost half of its domestic budget. Severely impacted by the one-two punch of sanctions and sliding oil prices, the Russian economy shrank 0.5% in November 2014, the first contraction in five years.Here are a number of negative effects that economic sanctions (and sliding oil prices) are having on the Russian economy:

The Bottom-Line

Given the number of risks facing the Russian economy in 2015, investors would be well advised to avoid the region and look elsewhere for investment opportunities.

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How US & European Union Sanctions Are Crippling Russia

The EU ideal must uphold solidarity above all

The European Union is seldom depicted as a successful economic story - a body of countries committed to the principles of the freedom of movement of goods and capital, as well as free trade, writes Victor Negrescu.

Victor Negrescuis a Romanian Member of the European Parliament, in the Group of the Progressive Alliance of Socialists and Democrats.

Undoubtedly, over its long and increasingly complex history, the European Union has been a highly successful economic enterprise. Living standards have been raised, people have stepped out of poverty and the premises of balanced and durable economic growth have been set. Unfortunately, limiting the European project to its nevertheless important economic dimension raises important risks. Nowadays, when the effects of the economic crisis are still an element that affects the everyday lives of millions of European citizens, public debate in the economic union has somewhat overly focused on the economic issues, while ignoring the larger purpose of the European project. The European Union is not only an economic initiative. It is the opportunity for increased solidarity and inclusiveness, tolerance and democracy, overcoming divides and social separations.

The European ideal that I myself fight for is a Union where youth are given more chances to learn, to work and to succeed, and young ideas are nurtured and cherished; a Union where patients are treated the same, regardless of their social status or country of origin; a Union where solidarity between members, between generations, between people is the rule and not the exception. For this society, we must indeed push forward.

If we want to build upon this ideal we must give young MEPs the opportunity to make their ideas and strategies known. This is why I fully support the aggregation of young ideas in organisms such as S&D 40. As a young MEP, I know and I am aware that in order to bring about change and in order to move forward with challenging ideas, we have to look toward young European leaders, to prepare the next generation of decision makers, to move forward.

We must take into account the economic reality. This, however, must not come at the cost of ignoring the larger picture. In times of dire economic circumstances, it is democracy and solidarity that are most affected by the downturn. The European Union was a project meant to build a future for all European citizens and all societies, irrespective of nationality, gender, race or fortune.

In a somewhat ironic manner, we hear today that many of the solutions for defending the benefits and the results of the European project can only be protected by building barriers. By isolating unwanted communities. By fearing the guise, the looks and the culture of the generic Other, who is to be blamed once again for all the misfortunes in our lives, for our lack of jobs, for the young generations lack of prospects, for decaying public services. Increasingly worrying is the fact that on numerous occasions these are not the opinions of fringe actors, but the apparently rational course of policy mainstream politicians advance.

Romania and Bulgarias long awaited accession to the Schengen Area is probably the most relevant example of regarding newcomers as cause for the effects. For a long period Romania has invested in securing its frontiers and in observing the European regulations pertaining to this problem. Securing the frontiers of the Union is a matter of safety that has not been taken lightly efforts were made to reform the institutions involved in this process and to bring in modern technology. However, in spite of these efforts, and in spite of the positive reports of the European Commission and of the European Parliament, which certify Romanias compliance with the strictest Schengen standards, Romanias bid has been blocked.

The reason for this unfortunate situation is not that Romania is incapable of defending or guarding the Unions frontiers. The reason for this blatant disregard of the European regulations is that the expansion of the Schengen area is an easy issue on which ambitious politicians, willing to nurture Eurosceptic feelings, can make a stand. By keeping the Romanians out of Schengen, we defend the lives, the jobs and our prosperity against the roaming hordes of poor East-European immigrants. And this implicit discourse is convenient, because it allows for mainstream politicians to prove to the increasingly worried electorate that, unlike its extremist opponents, it can actually do something to stem the tide of immigration. For the Eurosceptics themselves, the Schengen issue is also a truly remarkable opportunity provided they could influence Government positions, they can block Romanias bid and claim a victory, without needing to address the larges social and societal problems they ignore most of the time.

Conversely, Romanias failed Schengen bid is quickly becoming one of the longstanding issues that highlights the discriminative features of European policy in regards to my country. Expulsion of Romanian citizens, limitations on their access to welfare and benefits, the limitation of their freedom of movement it is all possible because European political leaders are free to disregard the rules they must observe. The Schengen issue is the starting point for policies adverse to the spirit and the letter of the European treaties, emphasizing a slow, but continuous erosion of all the principles we, in theory, hold dear.

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The EU ideal must uphold solidarity above all

EU's top court says budget carrier Ryanair can block unauthorized price comparison sites

LUXEMBOURG The European Union's top court has ruled that Ryanair has the right to block or impose conditions on price comparison websites that mine data from the budget carrier's online database without its permission.

In a ruling Thursday, the European Court of Justice said price and flight information linked to Ryanair's website is not covered by a European Union directive on databanks and that means the airline can limit its use by others.

The court's decision came in a long-running dispute in Dutch courts between Ryanair and Dutch company PR Aviation over a practice known as screen scraping.

Ryanair welcomed the ruling and urged passengers to use the carrier's own website to book flights. PR Aviation could not immediately be reached for comment.

Ryanair is Europe's biggest budget airline.

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EU's top court says budget carrier Ryanair can block unauthorized price comparison sites

EU court rules that principality of Monaco is too well-known to use its name as a trademark

Published January 15, 2015

An elephant poses with a circus performer during the presentation of the 39th Monte-Carlo International Circus Festival in Monaco, Tuesday, Jan. 13, 2015.The Circus Festival takes place from Jan. 15 to Jan 25. (AP Photo/Lionel Cironneau)(The Associated Press)

Princess Stephanie of Monaco, center left, poses during the presentation of the 39th Monte-Carlo International Circus Festival in Monaco, Tuesday, Jan. 13, 2015. The Circus Festival takes place from Jan. 15 to Jan 25. (AP Photo/Lionel Cironneau)(The Associated Press)

LUXEMBOURG The European Union says the tiny principality of Monaco is too famous to trademark its own name.

The EU's General Court on Thursday upheld an EU decision not to allow the wealthy enclave on France's Mediterranean coast to use its name as a trademark on products including photos, printed matter and services linked to entertainment and sporting activities.

The court says the word Monaco "corresponds to the name of a globally-known principality, not least due to the renown of its royal family, its organization of a Formula 1 Grand Prix and its organization of a circus festival."

The World Intellectual Property Organization granted Monaco an international trademark covering the European Union in 2010, but the EU in 2013 refused to accept it. The ruling can be appealed.

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EU court rules that principality of Monaco is too well-known to use its name as a trademark

‘Artificial’ Barriers Between Russia, EU Will Be Lifted: RIA Cites Lavrov – Video


#39;Artificial #39; Barriers Between Russia, EU Will Be Lifted: RIA Cites Lavrov
Latvia #39;s foreign minister said on Monday, the European Union will consider lifting sanctions on Russia over the Ukraine crisis only if there is "real progress" in implementing a four-month-old...

By: WochitGeneralNews

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'Artificial' Barriers Between Russia, EU Will Be Lifted: RIA Cites Lavrov - Video