If Europe’s lobbying register is correct, oil giants like Shell and BP are spending just a few hundred thousand euros a year on EU lobbying, sums that are dwarfed by the millions they spend across the Atlantic.
Global News Journal
The so-called “vertical restraints block-exemption regulation”, unveiled on Tuesday, set down new guidelines for online retailers who don’t operate a ‘bricks-and-mortar’ outlet. In doing so, it sought to resolve a debate that has been going on for years between luxury brand retailers such as Gucci and Chanel and discounters who sell big-name brands more cheaply from warehouses over the Internet.
The European Commission’s agriculture department launched a public debate this week on the future reform of Europe’s common agricultural policy (CAP) from 2014. It wants everyone – not just farmers and politicians – to have their say on how the European Union should support agricultural production.
The 16 countries that share the euro single currency have agreed they will help Greece out if it needs. So far so good. But only now is the nitty-gritty of how member states will go about paying for their contributions being hammered out. And suddenly things are getting a little complicated.
The surge in the spread of Greek bond yields over German ones since European leaders issued a promise of emergency loans to Greece last month indicates financial markets do not believe the pledge of euro zone support is anything more than a bluff.
It was no great surprise that the managing director of the International Monetary Fund looked perplexed when asked during a visit to Brussels to comment on proposals to create a European monetary fund.