Archive for the ‘European Union’ Category

EU Elections North East – Peter Troy – Video


EU Elections North East - Peter Troy
Peter Troy, Executive Producer of #39;The Norway Option #39;, talks to us about how the UK could benefit from leaving the European Union (EU) and rejoining the European Economic Area (EEA), resulting...

By: Joshua Kelly

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EU Elections North East - Peter Troy - Video

Romanian PM: EU stronger with Romania – Video


Romanian PM: EU stronger with Romania
CNN #39;s Richard Quest speaks to Romanian PM Victor Ponta about his country #39;s transition into the European Union.

By: Yaamdan Haberler

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Romanian PM: EU stronger with Romania - Video

National Forest Inventory For PNG – Video


National Forest Inventory For PNG
The first multi-purpose National Forest Inventory for PNG is in progress. PNG Forest Authority, in partnership with UN REDD, European Union and other stakeholders, is currently developing methodolo...

By: medianiuginiEMTV12

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National Forest Inventory For PNG - Video

Meet Gerard Batten, The UKIP MEP Scare-Mongering About Islam, Immigrants And Bilderberg

He believes the European Union was conceived by Nazi Germany, suggests the Bilderberg Group is a "shadow world government", and wants to ban the building of new mosques.

Meet Gerard Batten, senior Ukip MEP and top lieutenant to Nigel Farage.

In recent weeks, Farage has tried to dismiss the string of "unpleasant" and "appalling" remarks - to quote the Prime Minister - made by various Ukip candidates by stressing how minor they are within the party. Batten, thus, poses a particular problem for his party leader.

A founding member of Ukip in 1993, he has been the party's chief whip in the European Parliament since 2009 after being appointed by Farage to the post. Batten was also Ukip's mayoral candidate in London in 2008 and came second in the party's leadership election in 2009.

Yet the London MEP, first elected in 2004 and re-elected in 2009, has a wide range of controversial opinions, as colourful as the pink suits he is known to wear.

"Gerard is much more hardline than many of his colleagues in the party," a party insider says. "He's got very strong views, with many of them too strong for a lot of people."

HuffPost UK spoke to a dozen sources, including current and former colleagues of Batten, both on and off the record, to find out more about the controversial top Ukipper.

'IT'S NOT LIKE HE WANTS TO KILL ALL MUSLIMS'

Batten, the party's "immigration and Islamism" spokesman, hit the headlines in February when he said he still agreed with a "charter of Muslim understanding" that he had originally proposed in 2006. British Muslims, according to Batten's document, were meant to sign as a "code of conduct" which would signify that they rejected violence and accepted equality.

The MEP also argued that some Muslim texts also required updating, particularly those bits he claimed say "kill Jews wherever you find them". He said: "If they say they cannot revise their thinking on those issues, then who's got the problem us or them?"

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Meet Gerard Batten, The UKIP MEP Scare-Mongering About Islam, Immigrants And Bilderberg

HSBC, JPMorgan, Credit Agricole charged with rigging

BRUSSELS: European Union anti-trust regulators charged Europes biggest bank HSBC, US peer JPMorgan and Frances Credit Agricole with rigging financial benchmarks linked to the euro, exposing them to potential fines.

The European Commission also said it would charge broker ICAP soon for suspected manipulation of the yen Libor financial benchmark.

US and European regulators have so far handed down some US$6bil in fines to 10 banks and brokerages for rigging the London interbank offered rate and its euro cousin Euribor while prosecutors have also charged 16 men with fraud-related offences.

The Commission has concerns that the three banks may have taken part in a collusive scheme which aimed at distorting the normal course of pricing components for euro interest rate derivatives, the EU competition authority said.

The three banks and ICAP, which refused to settle the case in December, could face penalties of up to 10% of their global turnover if found guilty of breaching EU antitrust rules.

JPMorgan said the EU charges were without merit and that it would defend itself while Credit Agricole said it would examine the charge sheet. HSBC said it would defend itself vigorously. ICAP could not immediately be reached for comment.

In December, a record 1.7 billion euro (US$2.3bil) fine was levied on six banks including Deutsche Bank, Royal Bank of Scotland and Citigroup for similar offences. The lenders settled their charges and received a 10% cut in their fines. In the coming days or weeks, we will probably issue a new statement of objections against the broker (ICAP), European Competition Commissioner Joaquin Almunia told a news conference. He also said regulators have yet to decide on the next step of an ongoing investigation into suspected rigging and collusion in the trillion-dollar foreign exchange market, the worlds biggest marketplace.

We received lots of information and we are looking into this information...We are not yet at this moment when I can announce steps of this case, he said. Almunia can choose to open a formal investigation into the case or keep things under wraps if enough banks decide to settle any charges and only announce a decision at the end. Reuters

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HSBC, JPMorgan, Credit Agricole charged with rigging