I was happy to read Wolfgang Schauble’s recent commentaries on the necessity to create a Eurozone Parliament. I would add, it should possibly be a democratic chamber set up as part of a Eurozone government, possibly less dysfunctional than the EU’s.
The German finance minister is essentially saying is that we need a whole new institutional infrastructure to govern the Eurozone in a) an efficient way and b) a democratic (better, legitimate) way. Continue reading
Phedon Nicolaides and Roxana Sandu, 12 February 2014
Source: BBC, 2014
On Sunday, 9 February 2014, the Swiss people voted in favour of re-introducing restrictions on the free movement of workers between the European Union and Switzerland.The reaction of the EU was swift. On Monday, 10 February, the European Commission issued a short but terse press communiqué. “The European Commission regrets that an initiative for the introduction of quantitative limits to immigration has been passed by this vote. This goes against the principle of free movement of persons between the EU and Switzerland. The EU will examine the implications of this initiative on EU-Swiss relations as a whole. In this context, the Federal Council’s position on the result will also be taken into account.”
On the same day, the Financial Times reported that “Viviane Reding, European Commission Vice-President, suggested that Swiss companies could face limits on their access to the European single market if the country pressed ahead with the new quotas.” “The single market is not a Swiss cheese”, she told the Financial Times. “You cannot have a single market with holes in it. Business people will make their cost-benefit analysis and decide where to establish their companies.” Continue reading