European Stability Mechanism
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The EU is planning a new treaty to provide a buffer for member states debt. The ESM European Stability Mechanism, would see the formation of an independent organisation protected by limited liability, and legal immunity. The ESM treaty would be granted power to request funds, initially €700 Billion, for payment by member states within 7 days. The ESM's purpose would be to provide a firewall which would be used to support member nations with debt liquidity problems.
Last Updated (Friday, 18 May 2012 09:58)
Greece struggling to cope with asylum seekers crossing over from Turkey
In the Commission's Biannual report on the functioning of the Schengen area (COM(2012) 230), the first such report and is a Schengen 'health check', it was revealed that almost 30,000 irregular border crossings (in the last three months of 2011) were detected on Europe’s external borders, with 75% occurring at the Greek-Turkish border where the illegal immigrants were mostly Afghan and Pakistani nationals. According to Frontex, the EU's border control agency which is based in Warsaw, once in the EU most illegal immigrants transit through the Western Balkans or travel directly through Greece and onto Italy. Previously most illegal immigrants entered the EU from Albania but detections have fallen since December 2010 when the EU granted Tirana a visa-free regime.
Last Updated (Friday, 18 May 2012 14:06)
Britain 'forced to leave EU if Scotland separates'
Last Updated (Friday, 18 May 2012 09:17)
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Microsoft seeks to monopolise Internet, EU Regulators step in.
Last Updated (Friday, 18 May 2012 11:01)
Hungarian Govt ready to change economic policies in exchange for financial support from IMF and EU
At a press conference on the 14th May, following a meeting of the ruling alliance’s parliamentary group, Viktor Orbán, Hungary’s Prime Minister, announced that his country was ready to change its economic policies in light of talks with the International Monetary Fund (IMF) and the European Union (EU). The announcement coincides with a meeting of the Economic and Financial Affairs Council (ECOFIN) in Brussels, which is being attended by senior Hungarian ministry officials, where discussions are being held on the EU budget for 2013 and the directive about credit rating agencies. It is expected that ECOFIN will take the opportunity to attempt to ensure that Hungary’s economic policymaking is predictable and the budget is solidly planned.
Last Updated (Friday, 18 May 2012 08:37)
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Scottish independence could see the UK kicked out of the European Union and forced to surrender its £3 billion annual rebate if it wanted to rejoin, a senior constitutional lawyer has told MPs. Patrick Layden QC, a former Scottish Executive legal expert, warned that other EU countries could exploit separation to argue that the United Kingdom has ceased to exist as a member state.
As Microsoft wrestles to fight off Apple and Google from its global computing market dinner bowl. The European Union commission's competition tag team, are preparing to tame the Washington based software company. Microsoft has continued to lose market share from it's once lofty market dominance, the US behemoth has taken a beating from Mozilla and Google in the browser wars, with their respective 
