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French President Proposes Eurozone Government
July 21, 2015
Arguing that the lack of strong supranational institutions is a threat to Europe, French President François Hollande has called for the 19 countries in the eurozone to be bound by a central government, including a common budget and parliament.
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Report Shows Waste in EU Development Aid
July 21, 2015
A report from the British organization the TaxPayers' Alliance shows that the EU's European Development Fund, into which the UK contributes approximately £300 million each year, has funded such projects as trapeze classes in Tanzania and a "study on Pacific coconut development."
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Erlanger: Euro May "Shatter" EU Project
July 17, 2015
Steven Erlanger of The New York Times writes that the Greek financial crisis has highlighted how the introduction of the euro, rather than hastening "ever closer union," could potentially pull the EU apart.
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EU Agrees to "Ringfence" UK Funds from Greek Debt Risks
July 17, 2015
According to UK Chancellor of the Exchequer George Osborne, the European Commission has chosen to proceed with using the European Financial Stability Mechanism for a Greek debt bailout but will place an "impregnable ringfence" around the funds of non-eurozone countries, like the UK, in order to protect them from risk in case of default.
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Report Spotlights High Unemployment in EU Countries
July 17, 2015
A report published by the think tank Civitas indicates that EU member countries have experienced higher unemployment rates over the past two decades than similar market economies both inside and outside Europe.
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