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MEPs announce finalists for 2024 Sakharov Prize for Freedom of Thought

MEPs announce finalists for 2024 Sakharov Prize for Freedom of Thought MEPs announce finalists for 2024 Sakharov Prize for Freedom of Thought
  MEPs have shortlisted three finalists for the 2024 Sakharov Prize for Freedom of Thought, following a vote by the European Parliament's...
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Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson

Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson
Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the Nobel Prize in Economics for their groundbreaking work on how institutions...
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European Parliament expresses concern over the state of democracy in Georgia

European Parliament expresses concern over the state of democracy in Georgia European Parliament expresses concern over the state of democracy in Georgia
  Repressive legislation is suppressing media, civil society, and the LGBTQ+ community. Georgia must reverse undemocratic laws to advance...
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Sakharov Prize 2024: presentation of candidates

Sakharov Prize 2024: presentation of candidates Sakharov Prize 2024: presentation of candidates
On Thursday, political groups presented their candidates for the 2024 Sakharov Prize during a joint committee meeting. The three finalists...
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Over 100 companies sign EU AI Pact to foster safe and trustworthy AI development

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  The European Commission announced today that over 100 companies have become the first signatories of the EU Artificial Intelligence (AI)...
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European Parliament condemns human rights violations in Afghanistan, Belarus, and Cuba

European Parliament condemns human rights violations in Afghanistan, Belarus, and Cuba European Parliament condemns human rights violations in Afghanistan, Belarus, and Cuba
On Thursday, the European Parliament adopted three resolutions addressing the worsening human rights situations in Afghanistan, Belarus, and...
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Future European Commission discussed by EP leaders

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European Parliament (EP) leaders held discussions with the Commission President-elect Ursula von der Leyen regarding the structure and portfolios...
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€2.7 million from European Globalisation Adjustment Fund to aid 365 laid-off workers in Belgium

€2.7 million from European Globalisation Adjustment Fund to aid 365 laid-off workers in Belgium €2.7 million from European Globalisation Adjustment Fund to aid 365 laid-off workers in Belgium
The European Commission has proposed a financial package of €2.7 million from the European Globalisation Adjustment Fund for Displaced Workers...
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European Central Bank cuts interest rates amid slowing growth and cooling inflation

European Central Bank cuts interest rates amid slowing growth and cooling inflation European Central Bank cuts interest rates amid slowing growth and cooling inflation
  On Thursday, the European Central Bank (ECB) announced a quarter-point interest rate cut, marking the second reduction this year following...
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MEPs announce finalists for 2024 Sakharov Prize for Freedom of Thought

MEPs announce finalists for 2024 Sakharov Prize for Freedom of Thought MEPs announce finalists for 2024 Sakharov Prize for Freedom of Thought
  MEPs have shortlisted three finalists for the 2024 Sakharov Prize for Freedom of Thought, following a vote by the European Parliament's...
Read More...

Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson

Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson Nobel Prize in Economics awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson
Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the Nobel Prize in Economics for their groundbreaking work on how institutions...
Read More...

European Parliament expresses concern over the state of democracy in Georgia

European Parliament expresses concern over the state of democracy in Georgia European Parliament expresses concern over the state of democracy in Georgia
  Repressive legislation is suppressing media, civil society, and the LGBTQ+ community. Georgia must reverse undemocratic laws to advance...
Read More...

Sakharov Prize 2024: presentation of candidates

Sakharov Prize 2024: presentation of candidates Sakharov Prize 2024: presentation of candidates
On Thursday, political groups presented their candidates for the 2024 Sakharov Prize during a joint committee meeting. The three finalists...
Read More...

Over 100 companies sign EU AI Pact to foster safe and trustworthy AI development

Over 100 companies sign EU AI Pact to foster safe and trustworthy AI development Over 100 companies sign EU AI Pact to foster safe and trustworthy AI development
  The European Commission announced today that over 100 companies have become the first signatories of the EU Artificial Intelligence (AI)...
Read More...

European Parliament condemns human rights violations in Afghanistan, Belarus, and Cuba

European Parliament condemns human rights violations in Afghanistan, Belarus, and Cuba European Parliament condemns human rights violations in Afghanistan, Belarus, and Cuba
On Thursday, the European Parliament adopted three resolutions addressing the worsening human rights situations in Afghanistan, Belarus, and...
Read More...

Future European Commission discussed by EP leaders

Future European Commission discussed by EP leaders Future European Commission discussed by EP leaders
European Parliament (EP) leaders held discussions with the Commission President-elect Ursula von der Leyen regarding the structure and portfolios...
Read More...

€2.7 million from European Globalisation Adjustment Fund to aid 365 laid-off workers in Belgium

€2.7 million from European Globalisation Adjustment Fund to aid 365 laid-off workers in Belgium €2.7 million from European Globalisation Adjustment Fund to aid 365 laid-off workers in Belgium
The European Commission has proposed a financial package of €2.7 million from the European Globalisation Adjustment Fund for Displaced Workers...
Read More...

European Central Bank cuts interest rates amid slowing growth and cooling inflation

European Central Bank cuts interest rates amid slowing growth and cooling inflation European Central Bank cuts interest rates amid slowing growth and cooling inflation
  On Thursday, the European Central Bank (ECB) announced a quarter-point interest rate cut, marking the second reduction this year following...
Read More...

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Greece's Parliament was sworn in Wednesday (July 17) after July 7 elections that saw a broad conservative victory end over four years of leftist rule.

The six-party Parliament will officially begin its functions after electing a Speaker on Thursday.

New Prime Minister Kyriakos Mitsotakis' conservative government has made boosting sluggish growth a priority, powered by tax cuts and accompanied by privatisation deals.

The 51-year-old Harvard graduate and former McKinsey consultant has also pledged to create jobs and get rid of obstacles to business.

Mr Mitsotakis will outline his government's policies at the weekend before a vote of confidence late on Sunday.

His New Democracy party has 158 lawmakers in the 300-seat chamber.

The Greek debt agency said it had raised €2.5 billion (S$3.82 billion) in the sale, while the prime minister said the yield of 1.9 per cent was a "record low".

A previous seven-year sale in February 2018 had a yield of 3.5 per cent amid world market volatility.

Starting in 2020, Mr Mitsotakis has promised to cut a hated property tax called ENFIA - brought in by a previous New Democracy-led government during the economic crisis - by 30 per cent over two years.

REFORMS PACKAGE

He has also offered to reduce income tax thresholds and to gradually cut tax on business profits by 8 per cent.

But just hours after his July 7 victory, euro zone finance ministers warned the new government to stick to the country's strict public spending commitments.

"We must keep our commitments, this is the only way I know to gain credibility," said Eurogroup chief Mario Centeno.

On Tuesday, the euro zone's bailout fund director and a key EU official overseeing Greece's debt repayments, Mr Klaus Regling, suggested that tax cuts be coupled "with a broader tax base".

In a meeting with Regling later on Tuesday, Mr Mitsotakis "confirmed that Greece would respect fiscal targets", the prime minister's office said.

During the election campaign, Mr Mitsotakis said he would persuade Greece's creditors to accept the easing of targets with "a comprehensive reforms package".

The current framework negotiated with creditors by the previous leftist Syriza government holds Greece to a primary budget surplus of 3.5 per cent to 2022 - but the conservatives say that target stifles growth.

There are two fewer parties in Parliament than in the previous chamber, but two of them are new - Greek Solution, a nationalist party formed by TV salesman Kyriakos Velopoulos, and MeRA25, an anti-austerity party founded by maverick economist and Mr Tsipras's former finance minister Yanis Varoufakis.

"We are here to say a massive 'no' to whatever strengthens (Greece's debt burden)," Mr Varoufakis, whose party elected nine lawmakers, said before being sworn in on Wednesday.

In contrast, neo-Nazi party Golden Dawn was shut out of Parliament for the first time since 2012.

Golden Dawn, until recently Greece's third-ranking party, is in disarray amid an ongoing trial for the 2013 murder of an anti-fascist rapper, allegedly carried out with the knowledge of senior Golden Dawn members.afp

 

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