British Prime Minster David Cameron told reporters today that if he is given another term in the 2015 election that he will create a referendum that will allow residents to vote whether to remain in the European Union.
Opponents of the move, while saying the UK’s membership needs to be renegotiated, said that leaving the decision up to the public was a “gamble” and against the national interest. Continue reading
The U.K. is on the verge of a major discussion concerning the future of the country within the E.U. Prime Minister David Cameron is preparing to make a major speech on the matter within the next month. Continue reading
November figures have Eurozone unemployment at a new record high of 11.8%, rising .1% from October figures and the previous high. The European Union as a whole held at 10.7%. Continue reading
The European Stability Mechanism, created in October as a permanent agency of the EU, has already had its credit rating downgraded by Moody’s. Continue reading
Germany has called on the other members of the European Union to consider giving up more of their country’s economic sovereignty to the collective Union.
German Finance Minister Wolfgang Schaeuble is proposing that the EU create an “EU Economic and Monetary Commissioner” who will have power to regulate the national budgets of individual member nations. The Commissioner would have the ability to veto a nation’s budget if it breaks established EU deficit rules. Continue reading
Iran’s unwillingness to stop its race to create nuclear weapons has resulted in the European Union leveling more sanctions against the nation.
EU Foreign Ministers meeting in Luxembourg passed measures strengthening restrictions against banks, trade and gas exports. The actions were taken in an attempt to hamper the ways Iran has earned revenues for their nuclear program. Continue reading
The leaders of 11 European Union nations are putting plans in place to make the 27-nation bloc more of a “European government” that would direct elect it’s leader who then would appoint a continent-wide government.
The “Future of Europe Group” headed by German Foreign Minister Guido Westerwelle released a report that says the current Eurozone crisis has caused a “crisis of confidence” in the EU. A result of the crisis, the report states, is a necessity for a stronger European Commission and a directly elected head of the Commission. Continue reading
President Manuel Barroso, head of the European Commission, has issued a call for members of the EU to transform into “nation-states” as part of his annual address to the EU parliament.
If the group turned into a “federation of nation-states” then the group would be able to better withstand the economic crisis that is raging through the continent. He also laid out plans for a single supervisory entity for the banking system in all member nations.
“[The entity] is a quantum leap,” Barroso said in his speech. “The stepping stone to the banking union.” Continue reading
Four Christians from Great Britain who lost their jobs as a result of discrimination against their Christian faith are taking their cases to the European Court of Human Rights in an attempt to stop infringement on the right to exercise their faith.
Secular critics of the four Christians are saying that if their right to practice their faith is upheld, it could “seriously undermine” UK equality laws. All four cases were submitted separately to the Court but are going to be heard together. Continue reading
The European Union’s Aaa credit rating became endangered on Tuesday when credit ratings agency Moody’s changed the EU’s outlook to “negative.” Moody’s attributed the move to the negative outlook on ratings connected to the EU’s most key contributors to income.
Earlier this year, Moody’s placed Germany, France, the Netherlands and the United Kingdom into a negative economic outlook meaning those individual countries could soon face a downgrade in their credit status. All four countries currently have a Aaa rating. Continue reading
