The European Commission's lofty ambitions are being checked
Published:
30 November 2003 y., Sunday
European Union ministers have approved new corporate takeover rules which triggered sharp divisions in Brussels.
The legislation is a compromise between member states and overrules more radical proposals earlier set out by the European Commission.
The vote marks a second triumph of ministers over commissioners in a week.
The commission is still reeling from the failure of ministers to sanction France and Germany for breaking the rules of euro membership.
The 20-member Commission, which has representatives from each state - and two from the five largest EU countries - is supposed to act as a pan-European executive, but is now facing a crisis of confidence as it competes for power with the councils of ministers from member states.
Earlier this week EU finance ministers defied the Commission and voted not to exercise their power to impose fines on France and Germany for exceeding budget deficit rules laid down in the stability pact for the European single currency.
Šaltinis:
BBC News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »