Slovenia may ask for an international bailout if lawmakers fail to adopt legislation next month that would limit public spending, Prime Minister Janez Jansa said in an interview with a local radio station.
“July will be the moment of truth since parliament will vote on the golden fiscal rule and on changes to the way referendums are organized,” Jansa was quoted as saying in an interview with Koper-based Radio Ognjisce. [...]
DEMANDS for the British people to have a say on our role in Europe got a huge boost yesterday. A new poll showed more than 80 per cent of voters are crying out for a referendum.
Nearly half of voters – 49 per cent – want their voices heard straight away, according to the survey.
A further third, 33 per cent, believe that there should be a vote “in the next few [...]
Swiss citizens appear to be leading the way on European austerity, apparently rejecting a minimum of six weeks of paid vacation a year.
Swiss polls closed last night on several national referendums, including one pushed by a union to raise the minimum holiday from four weeks.
An exit poll by Swiss public broadcaster SSR projected that when votes were counted, two-thirds would reject the proposal.
Known for their work ethic, the Swiss appeared [...]
Totally dellusional – or addicted gamblers – which is it?
This week cannot end well – unless there is a full fiscal union announcement by Friday (and that means all EU members in – without voting on referendums) – then it’s over.
The problem is I can’t see all these EU leaders telling their countrymen that from now on they will have their budgets signed off by Berlin at the end of [...]
When AP is printing stories like this, we’re headed over the falls
At the top of Tuesday’s agenda is finding a means to more fully integrate the eurozone’s disparate nations — ranging from powerful Germany to tiny Malta — both politically and financially. And the ministers must do it fast, without the delays caused by democratic niceties like referendums that have led many EU reforms to take years to implement.
Hanging the regulators [...]
A trouncing in referendums that have wiped out Italy’s plans to return to nuclear power after a shock local election defeat mean Silvio Berlusconi has lost his magic, Italian newspapers said on Tuesday.
“The magic flute is broken. After 20 years, Italians have stopped following Berlusconi’s music,” the leftist La Repubblica daily said, after final results from the referendum vote on Sunday and Monday confirmed [...]
Greek PM: Major Reforms Need Referendum
The road to exiting crisis is difficult and the Greek government should proceed with major changes to make the state deficit sustainable and regain the confidence of creditors, said Greek Prime Minister, in response to a LAOS party question.
George Papandreou said that reforms on the political system or the public administration need the voting of Greek people through [...]
From JPM Private Bank:
In the wake of the 1992 ERM collapse, why did Europe attempt another monetary union given large differences in language, labor mobility and productivity? It makes sense if seen as part of a broader effort to create a United Europe, both politically and economically. A few years ago, Swedish and Dutch politicians responsible for mobilizing support for the EU Constitution referred to â€œYesâ€ [...]