Michael Berendt's blog

Archives for Better regulation

It seems that a European Banking Union has become the magic solution to the eurozone debt crisis. This week’s meeting of eurozone finance ministers in Brussels confirmed that European funds will provide direct support to Spanish banks, to the tune of €100bn in loans from the European Financial Stability Facility and subsequently the European Stability… » read more

Posted by Michael Berendt

People have been grumbling over the last year or so that Barroso’s presidency of the European Commission has been too much influenced by hope of a second term, and that he has leant over backwards not to upset the big member states. I’m not convinced of the evidence for that, but the Commission president has […]

Posted by Michael Berendt

It seems that any major transfer of power from the national level to the European Commission for EU telecoms regulation has been scuppered by the Council of Ministers.
Commissioner Reding had threatened ten days ago to withdraw Commission proposals if ministers refused to go along with them, but the Council’s political agreement on November 27 was […]

Posted by Michael Berendt

In Britain’s popular culture the marketing restrictions on bendy bananas and curly cucumbers have always been associated with the Bureaucrats of Brussels. Nothing so well underpinned a public perception of meddling officials in a foreign country imposing their will on a hapless populace by setting fruit and veg dimensions by millimetre and by degree. The […]

Posted by Michael Berendt

So Commissioner Viviane Reding has decided to play hardball over telecoms reform. Some weeks ago we discussed how the Commission’s proposed telecoms package would hand over extensive new powers to Brussels.
The European Parliament watered down these proposals in first reading, but it seems that the revised version to be sent to the Council gives little […]

Posted by Michael Berendt

While the United States and Britain reel from one catastrophe to another in the storm of the sub-prime crisis, the eurozone has seemed remarkably detached, until recently anyway. For the Americans and the Brits the news is totally dominated by stories of collapsing banks, bail-outs, vast lines of credit insurance which turn out to be […]

Posted by Michael Berendt