ESMA publishes data for the systematic internaliser calculations for equity, equity-like instruments, bonds and other non-equity instruments
ESMA publishes data for the systematic internaliser calculations for equity, equity-like instruments, bonds and other non-equity instruments

ESMA has published today, on a voluntary basis, the total number of trades and total volume over the period October 2020-March 2021 for the purpose of the systematic internaliser (SI) calculations under MiFID II for:

  • 22,409 equity and equity-like instruments;
  • 105,011 bonds; and
  • 7,934 sub-classes of derivatives (including equity derivatives, interest rate derivatives, commodity derivatives, C10 derivatives, emission allowance and derivatives thereof and contracts for difference (CFDs)).

The SI test shall be performed by 15 May 2021.

The data is made available through the SI register in excel files and for equity, equity-like instruments and bonds also through FITRS in the XML files with publication date 30 April 2021 (see here).

The results for equity and equity-like instruments and bonds are published only for instruments for which trading venues submitted data for at least 95% of all trading days over the 6-month observation period. The data publications also incorporate OTC trading to the extent it has been reported to ESMA. The publication includes data for instruments traded or available for trading during the reference period considered.

In consequence of Brexit, from 30 April 2021 the publication files for bonds and equity instruments, do not contain ISINs admitted to trading or traded only on UK trading venues. However, ISINs admitted to trading or traded both on EEA and UK trading venues are included. Last but not least, as communicated in the Public Statement on the Use of UK data in ESMA databases and performance of MiFID II calculations following the end of the UK transition period on 31 December 2020, the UK data reported before Brexit is used to perform the calculations.

ESMA publishes results of the annual transparency calculations for non-equity instruments
ESMA publishes results of the annual transparency calculations for non-equity instruments
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today made available the results of the annual transparency calculations for non-equity instruments, which will apply from 1 June 2021. These calculations include the liquidity assessment and the determination of the pre- and post-trade size specific to the instruments and large in scale thresholds.

The results for the liquid sub-classes have been published in Excel format in the Annual transparency calculations for non-equity instruments register. The file does not contain the results for a number of asset-classes and sub-classes given the impossibility to correctly apply the segmentation criteria, as defined in Annex III of RTS 2 due to data quality problems or the absence of reporting standards for the applicable reference data. As a result, the transparency calculations for, among others, credit derivatives and options, futures and FRAs (forward rate agreements) on interest rates are not available.

ESMA will provide the annual transparency calculations for non-equity instruments at instrument (ISIN) basis, both liquid and illiquid ones, as of 30 April 2021. This information will be made available through the Financial Instruments Transparency System (FITRS) both by publishing XML files (here) and through the Register web interface (here).

As communicated in the Public Statement on the Use of UK data in ESMA databases and performance of MiFID II calculations following the end of the UK transition period on 31 December 2020, the UK data reported before Brexit is used to perform the calculations.

Recommendations for market participants:

Next steps

The transparency requirements based on the results of the annual transparency calculations for non-equity instruments shall apply from 1 June 2021 until 31 May 2022. From 1 June 2022, the results of the next annual transparency calculations for non-equity instruments, to be published by 30 April 2022, will become applicable.

Pakistan disappointed with European Parliament’s resolution on blasphemy laws: FO
Pakistan disappointed with European Parliament’s resolution on blasphemy laws: FO

ISLAMABAD: Pakistan on Friday said it is disappointed with the adoption of a resolution at the European Parliament on blasphemy laws in the country.

“The discourse in the European Parliament reflects a lack of understanding in the context of blasphemy laws and associated religious sensitivities in Pakistan and in the wider Muslim world,” Foreign Office (FO) Spokesperson Zahid Hafeez Chaudhri said.

“The unwarranted commentary about Pakistan’s judicial system and domestic laws is regrettable,” he added.

The spokesperson said Pakistan, being a parliamentary democracy with a vibrant civil society and free media and independent judiciary, remained fully committed to the promotion and protection of human rights for all its citizens without discrimination.

“We are proud of our minorities, who enjoy equal rights and complete protection of fundamental freedoms as enshrined in the Constitution. Judicial and administrative mechanisms and remedies are in place to guard against any human rights violations,” he added.

The spokesperson mentioned that Pakistan has played an active role in promoting freedom of religion or belief, tolerance and inter-faith harmony.

At a time of rising Islamophobia and populism, the international community must exhibit a common resolve to fight xenophobia, intolerance and incitement to violence based on religion or belief, and work together to strengthen peaceful co-existence, he stressed.

The spokesperson further said Pakistan and the EU have multiple mechanisms in place to discuss entire spectrum of bilateral relations, including a dedicated dialogue on democracy, rule of law, governance and human rights.

“We would continue to remain positively engaged with the EU on all issues of mutual interest,” he maintained.

European Union accuses Apple of violating antitrust laws through App Store rules
European Union accuses Apple of violating antitrust laws through App Store rules

European Union regulators are accusing Apple of violating the bloc’s antitrust laws, alleging that the company distorts competition for music streaming through rules for its App Store.

Spotify had objected to Apple’s rules.

The EU’s executive Commission said Friday it objected to how Apple applies rules in its App Store to music streaming services competing with its own Apple Music service, saying that it ends up costing consumers more and limiting their choice.

Cary-based Epic Games also has filed a complaint against Apple and its App Store rules in the EU. It also has filed an antitrust suit against Apple in the US, and a trial is set to begin May 3 at a federal court in California. Epic also is challenging Apple in the U.K. and Australia.

Epic’s fight centers around its globally popular Fortnite game and Apple’s charging of 30% sales fees through app store purchases. Epic created a workaround for the fees and Apple responded by banning Fortnite.

One of the main concerns outlined by the EU centers on Apple’s practice of forcing app developers selling digital content to use its in-house payment system, which charges a 30% commission on all subscriptions.

The EU’s investigation, which followed up on a complaint from the popular music-streaming service Spotify, found that fees end up being passed on to consumers.

A second concern is that that Apple prevents developers from telling users about cheaper payment methods.

“Our preliminary finding is that Apple is a gatekeeper to users of iPhones and iPads via the App Store,” the EU’s competition commissioner, Margrethe Vestager, said in press release. “By setting strict rules on the App Store that disadvantage competing music streaming services, Apple deprives users of cheaper music streaming choices and distorts competition.”

Apple didn’t respond immediately to a request for comment.

Under EU competition law, companies can be fined a percentage of their annual revenue for breaches, which in Apple’s case could run into billions of euros.

Earlier this week, Apple CEO Tim Cook expressed confidence entering the Epic trial.

“The App Store has been an economic miracle. Last year, the estimates are that there was over a half a trillion dollars of economic activity because of the store. And, so, this has been just an economic gamechanger for not only the United States, but several countries around the world. And, we’re going to go in and tell our story. And we’ll see where it goes. But, we’re confident,” Cook told CNBC in an interview Wednesday after Apple posted another strong financial report.

Apple CEO ‘confident’ entering anti-trust showdown with Epic Games

European Parliament backs EU’s €7.9 billion defence fund
European Parliament backs EU’s €7.9 billion defence fund

EU lawmakers on Thursday (29 April) approved the controversial €7.9 billion European Defence Fund (EDF), clearing the way for the bloc’s first-ever dedicated programme for military research intended to bolster military cooperation between EU member states.

The fund, first proposed under former European Commission Jean-Claude Juncker, had been initially planned for €13 billion, but subsequently slashed by €5 billion in last year’s EU budget negotiations as a pandemic casualty.

The fund aims to strengthen Europe’s defence industry and reduce duplication in defence spending by co-funding defence research with member states, with up to 8% going to be spent on new “disruptive technologies”.

The programme will also cover the development of weapons prototypes, provided the member states involved commit to acquire the final product.

“The aim of the fund is not only to support research and development projects of the European defence industry but also to include new entities in cooperation networks and supply chains, including those that have not been active in this industry until now,” the European Parliament’s rapporteur on the fund, Polish MEP Zdzisław Krasnodębski (ECR), said.

“The EDF will not subsidize bilateral cooperation between countries, as the minimum number of participants in the financed project is at least three entities from at least three member states,” he added.

The European Commission will directly manage the programme and the first grant competition is expected to be announced before the summer.

“We must increasingly be able to take our own security into our own hands and to be a security player on the world stage,” EU internal market commissioner Thierry Breton told the European Parliament upon its approval. “The European Defence Fund is an essential building block in increasing independence for Europe,” he added.

“We must gradually be able to add to our soft power arsenal with more and more hard power,” he added.

The agreement on the fund comes as France spearheads a push for EU “strategic autonomy” to be able to stand alone on security matters in the aftermath of Brexit, uncertainty during the former Trump administration and amid an escalating geopolitical stand-off between the US and China.

‘Urban legends’

Speaking in Brussels, Krasnodębski sought to dismiss “urban legends” that the new programme set the bloc on the path to a united military.

“It’s not the first step to create a European army and the monies will not be used by member states to purchase military equipment together,” he said.

“The dreams of the first European platoon, or legion, or any other sort of formation will have to be left for the future.”

Ambitions on common defence have gathered steam in recent years, and all but two EU nations signed up to the landmark EU permanent structured cooperation (PESCO), aimed to help fund, develop and deploy armed forces together and make the EU’s defence sector more flexible and independent of the US.

EU’s defence industry has welcomed the EU’s recent moves, hoping for competitive support towards the dominating American competitors.

“We are convinced that the EDF is a major contribution to enhance European technological sovereignty in a strategic sector and stand ready to support the European institutions in their efforts to further develop European defence”, Secretary-General of the AeroSpace and Defence Industries Association of Europe (ASD), Jan Pie, said.

However, the programme has also attracted a large amount of criticism, with some EU lawmakers and NGO’s warning the planned investments would lack transparency and parliamentary control.

During this week’s debate, some MEPs reiterated their worries about a “blank check” to the industry as the European Parliament won’t be involved in scrutinising the spending for the next seven-year.

Under exemption rules, the EDF will be carried through ‘implementing acts’ instead of ‘delegated acts’.

“This means that the European Parliament will hardly have a say as to how the fund will be implemented by the Commission and member states in the next seven years and the security interest argument is regularly used to bypass EU transparency rules – it is a dangerous precedent which undermines EU democratic control” stated Laëtitia Sédou, Project officer at European Network Against the Arms Trade (ENAAT).

Italy’s Patrizia Toia, vice-chair of the European Parliament’s Industry, Research and Energy, Committee (ITRE) said she wants to see the fund benefit SMEs, so “they’re not left by the wayside by large operators”.

But over the past years, the initiative has also faced criticism over ethical concerns.

One of the moot points during the negotiations had been the possibility that the fund could be used for the development of controversial weapons.

The agreement excludes the development of lethal autonomous weapons – so-called killer robots – and weapons systems prohibited by international law, such as land mines, or nuclear, chemical, and biological weapons.

Any research projects involving autonomous weapons should require “meaningful human involvement”, Toia stressed.

European Parliament requires EU to introduce COVID certificates for a year
European Parliament requires EU to introduce COVID certificates for a year

On Thursday, the European Parliament adopted its negotiating position on the proposal to issue a certificate confirming the right to free movement in Europe during a pandemic.

Vaccination certificates must be entered in the EU for a maximum period of 12 months, European Parliament (EP) reported.

MEPs agreed that the new EU COVID-19 certificate – instead of the digital green certificate proposed by the European Commission – should be valid for 12 months, and not longer, the document says.

#CoRplenary: local leaders will discuss with Portuguese Prime Minister Costa and EP President Sassoli how to build a social Europe and how to bring EU closer to people
#CoRplenary: local leaders will discuss with Portuguese Prime Minister Costa and EP President Sassoli how to build a social Europe and how to bring EU closer to people

Also on #CoRplenary agenda: former President of the European Council, Herman Von Rompuy, discusses the CoR contribution to the Conference on the Future of Europe, EU Commissioner Dalli reviews efforts to build a Union of Equality and Jens Zimmer Christensen, President of the HOTREC Association, and the Portuguese Secretary of State for Tourism Rita Marques, discuss the situation of the tourism industry in Europe.

António Costa, Prime Minister of Portugal, and European Parliament President, David Sassoli, will attend on 5 May the CoR Plenary session to discuss social Europe and the upcoming Conference on the future of Europe. On 6 May regional and local leaders will discuss with Commissioner Helena Dalli how to strengthen a Europe of equality. On 7 May a debate on the recovery in the hotel and catering sector will take place with Jens Zimmer Christensen, President of the HOTREC Association, the umbrella association of hotels, restaurants and cafés in Europe. On 7 May Herman Van Rompuy, former President of the European Council, will discuss with regional and local authorities the CoR contribution to the Conference on the Future of Europe, in his capacity as chairman of the High-Level Group on European Democracy recently created by the CoR.

Follow the plenary on the CoR website

5 May: Debate with António Costa, Prime Minister of Portugal, on the Portuguese Presidency of the Council of the European Union

António Costa, Prime Minister of Portugal and former member of the CoR, will provide his perspective and the position of EU Member States on the priorities of the Portuguese Presidency of the Council of the European Union: promoting Europe’s economic recovery, implementing the Social Pillar of the European Union, and strengthening Europe’s strategic autonomy.

5 May: Debate with David Sassoli, President of the European Parliament

David Sassoli, President of the European Parliament, will discuss the European Parliament’s expectations of Conference on the Future of Europe and other matters of concern to the assembly. The Conference on the Future of Europe will be launched on Europe Day (9 May), with the involvement of the European Committee of the Regions. During the plenary the political groups of the European Committee of the Regions will also present a resolution on the Conference on the Future of Europe for debate and adoption.

6 May: Debate on the Union of Equality with EU Commissioner for Equality, Helena Dalli

Helena Dalli, the European Commissioner for Equality, will set out the European Commission’s efforts to build a ‘Union of Equality’ by policies and actions that challenge structural discrimination and common stereotypes, for better decision-making and so that everyone can live and thrive regardless of differences based on sex, racial or ethnic origin, religion or belief, disability, age or sexual orientation.

7 May: Debate on the recovery in the hotel and catering sector with Jens Zimmer Christensen, President of the HOTREC Association, the umbrella association of hotels, restaurants and cafés in Europe, and the Portuguese Secretary of State for Tourism, Rita Marques will discuss the situation of the tourism industry in Europe. During the plenary, members of the European Committee of the Regions will consider a resolution on free movement during the COVID-19 pandemic – including the ‘Digital Green Certificate’ – and the scaling up of vaccine production.

7 May: Debate on the Conference on the Future of Europe

Herman Van Rompuy, former President of the European Council, will discuss the Conference on the Future of Europe with members, in his capacity as chairman of the High-Level Group on European Democracy recently created by the European Committee of the Regions.

KEY DEBATES

Wednesday, 5 May, 2:30 p.m.: Debate with António Costa, Prime Minister of Portugal.

Wednesday, 5 May, 4.30 p.m.: Debate with David Sassoli, President of the European Parliament.

Thursday, 6 May, 9.00 a.m.: Debate on the Union of Equality, with Helena Dalli, Commissioner for Equality

Friday, 7 May, 9.30 p.m.: Debate on the recovery in the hotel and catering sector

Friday, 7 May, 11.30 a.m.: Debate on the Conference on the Future of Europe, with Herman Van Rompuy, Chair of the CoR’s High-Level Group on European Democracy

RESOLUTIONS FOR ADOPTION

·         Resolution on the Conference on the Future of Europe.

·         Resolution on free movement during the COVID-19 pandemic (Digital Green Certificate) and the scaling up of vaccine production.

OPINIONS FOR ADOPTION

·         Experiences and lessons learned by regions and cities during the COVID-19 crisisRapporteur: Joke Schauvliege (BE/EPP), Member of the Flemish Parliament.

·         European Health Union: Reinforcing the EU’s resilienceRapporteur: Roberto Ciambetti (IT/ECR), President and Member of the Veneto Regional Council.

·         Regulation for tackling cross-border health threats and legislative proposal for changing the mandate of the European Center for Disease Control (ECDC). Rapporteur: Olgierd Geblewicz (PL/EPP), President of West Pomerania Region.

·         Europe’s pharmaceutical strategy and legislative proposal for changing the mandate of the European Medical Agency (EMA). Rapporteur: Birgitta Sacrédeus (SE/EPP), Member of Dalarna Regional Council.

·         Safe and sustainable chemicals for a toxic-free environment in Europe’s cities and regions. Rapporteur: Adam Struzik (PL/EPP), President of Mazovia Region.

·         Local and regional authorities protecting the marine environment. Rapporteur: Emma Nohrèn (SE/Greens), deputy mayor of Lysekil.

·         Powering a climate-neutral economy: An EU Strategy for Energy System IntegrationRapporteur: Gunārs Ansiņš (LV/Renew Europe), Member of Liepāja City Council.

·         Digital Education Action Plan 2021-2027. Rapporteur-General: Gillian Coughlan (IE/Renew Europe), Member of Cork County Council.

·         Media in the Digital Decade: An Action Plan. Rapporteur: Jan Trei (EE/EPP), Member of Viimsi Rural Municipality Council.

·         The implementation of the European Pillar of Social Rights from a local and regional perspective. Rapporteur-General: Anne Karjalainen (FI/PES), member of Kerava City Council.

·         A Union of equality: EU anti-racism action plan 2020-2025. Rapporteur: Yoomi Renström (SE/PES), Member of Ovanåker Municipal Council.

·         A Union of Equality: Strategy on the Rights of Persons with Disabilities 2021-2030. Rapporteur-General: Daniela Ballico (IT/ECR), Mayor of Ciampino.

·         Enlargement Package 2020. Rapporteur: Nikola Dobroslavić (HR/EPP), President of Dubrovnik-Neretva Region.

Practical information:

Location: Online only.

Date: Wednesday, 5 May – Friday, 7 May 2021.

Background material: The plenary agenda and opinions and amendments.

Webstreaming: On the website of the CoR.

Contact:

PresseCdr@cor.europa.eu

European Parliament backs US global minimum tax proposal
European Parliament backs US global minimum tax proposal
European Union flags are seen outside the EU Commission headquarters in Brussels October 14, 2018. — Reuters pic
European Union flags are seen outside the EU Commission headquarters in Brussels October 14, 2018. — Reuters pic

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BRUSSELS, April 29 — The European Parliament today welcomed a US proposal to introduce a 21 per cent global minimum tax on corporations but said Europe should “go it alone” if the effort fails.

“Outdated international tax rules need to be overhauled, including a minimum effective corporate tax rate,” a statement said after the non-binding resolution was passed with a big majority.

The US proposal is intended to stop what Washington calls a “race to the bottom” among countries to see who can offer the lowest rate and would unwind a historic rate cut in the US under former president Donald Trump.

Crucially, it would not only affect US tech giants such as Google and Facebook, but also non-digital big businesses such as LVMH or Volkswagen, which are European.

In Europe the idea is backed by France and Germany, but is facing questions among smaller EU member states whose economies depend on keeping taxes low to attract big companies.

“We have a moral responsibility to ensure that digital multinationals will contribute their fair share, just like all other companies and citizens,” said Czech MEP Martin Hlavacek, who introduced the resolution.

The MEPs enthusiastically backed negotiations underway at the Organisation for Economic Co-operation and Development (OECD) to agree on the minimum tax, but insisted that the EU should propose its own version for Europe that targeted big tech if no breakthrough is reached this year.

But EU-wide tax policy requires unanimity by the bloc’s 27 members states and earlier attempts for a digital tax were shot down by Ireland, which is the low-tax home for Google, Facebook and Apple in Europe. — AFP

European Parliament Passes Resolution Condemning Russia
European Parliament Passes Resolution Condemning Russia

Photo: Niko67000 (photo), Architecture-Studio — Travail personnel, CC BY-SA 3.0, https://fr.wikipedia.org/w/index.php?curid=8583420

The European Parliament on April 29 passed a resolution threatening action against Russia over its treatment of jailed opposition leader Aleksei Navalny, its military buildup on Ukraine’s border, and what lawmakers describe as “Russian attacks in the Czech Republic.”

The nonbinding resolution, supported by the five mainstream political groups in the European Parliament, was adopted by 569 votes in favor, 67 against, and with 46 abstentions.

The text of the resolution said that Russia “poses not only an external threat to European security, but is also waging an internal war on its own people in the form of the systematic oppression of the opposition and arrests on the streets.”

Read more:

https://www.rferl.org/a/russia-european-parliament-condemnation/31228416.html

Three arrested in Spain for encouraging terrorist attacks against France and its interests abroad
Three arrested in Spain for encouraging terrorist attacks against France and its interests abroad

In the early hours of 27 April, officers of the Spanish National Police (Policia Nacional) with the support of Europol swooped on the members of a terrorist cell in the city of Granada. A total of three individuals were arrested on suspicion of encouraging terrorist attacks against France. 

After the French magazine Charlie Hebdo republished caricatures of the Prophet Muhammad in September of last year, the arrestees posted numerous videos on their social media accounts threatening to carry out violent actions against France, its citizens and interests abroad to avenge the said-publication. 

The Spanish National Police used its specialist capabilities to identify the individuals behind these social media profiles with totalled almost 19 000 followers. 

The seriousness of these threats, together with the suspects’ social media following, represented a serious security concern.

Europol deployed one of its experts to the field to assist the Spanish authorities during the day of action. The evidence gathered during the house searches will now be analysed by Europol to identify potential links with ongoing investigations. 

In Historical First, European Parliament Condemns UNRWA for Incitement in Teaching Materials
In Historical First, European Parliament Condemns UNRWA for Incitement in Teaching Materials
Photo Credit: Majdi Fathi/TPS

Gazans hold up an UNRWA flag.

For the first time in history, the European Parliament passed a resolution condemning the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) for inciting hatred in its curricula and demanding that the content to “removed immediately.”

The resolution passed on Wednesday came as part of the European Union’s annual budgetary procedure which scrutinizes how taxpayer funds are spent through EU-supported projects.

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The rare decision came after vigorous activity by the Israeli IMPACT-se research, policy and advocacy organization which published extensive studies on the negative and anti-Semitic nature of UNRWA’s teaching materials. The studies show that UNRWA is teaching Arab students in its schools to reject the peace negotiations with Israel while promoting anti-Semitism, encouraging jihad, and glorifying terrorists and terrorism.

“The European Parliament has shown the way for all those who do not want to write blank checks to this deeply flawed organization. It is crystal clear that an external audit of UNRWA’s teaching materials is necessary before millions of taxpayer dollars are transferred to finance the daily radicalization of children,” stated IMPACT-se CEO, Marcus Sheff.

The Palestinian Authority attempted to oppose the move, UNRWA worked to remove the resolution from the agenda, and Palestinian Authority Prime Minister Mohammad Shtayyeh appealed to the Foreign Affairs Committee of the parliament last week to protect the contents of the textbooks used by UNRWA.

“I recommend that you also look at Israeli textbooks and find out if they contribute to peace or not. To say that Jerusalem is the eternal capital of Palestine is not incitement, to say that refugees have the right to return to their homes is not the delegitimization of Israel,” he claimed.

IMPACT-se has researched Israeli educational materials and has found that while they promote peace and understanding, the texts used in the Palestinian Authority’s (PA) promote war and Jew-hatred.

An IMPACT-se report from January showed that PA school textbooks have “consistently shown a systematic insertion of violence, martyrdom and jihad across all grades and subjects.”

Miriam Lexmann, a member of the European Committee on Foreign Affairs, told Israel’s Channel 11 that “this is an important and clear message coming out of the European Parliament today that it rejects hate speech and violence in the Palestinian textbooks used by UNRWA. A solution to the conflict can only be achieved through educating societies to live in peace and mutual patience.”

UNRWA stated that it “does not teach hatred and violence in its schools but rather the opposite” and rejected the resolution that “was made based on politically motivated allegations.”

“UNRWA operates in a highly political environment and implements a policy of 0 patience for hatred, violence and discrimination,” it claimed.

Canada announced a February that it is launching an investigation into the problematic content of the UNRWA-produced educational materials.

UNRWA’s schools have long been exposed as a system in which virulent anti-Israel incitement is taught. Surveys of new textbooks issued by the Palestinian Authority (PA) and used by in its schools show that they continue to express the delegitimizing the state of Israel, encouraging violence and omitting any trace of encouragement for peace.

The books, which are strongly hostile to Israel and the Jewish people, are also used by UNRWA-run schools.

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French Minister for Europe and Foreign Affairs visits EASO
French Minister for Europe and Foreign Affairs visits EASO

On 29 April 2021, the Minister for Europe and Foreign Affairs of France, Jean-Yves Le Drian, accompanied by the French Ambassador to Malta, Brigitte Curmi, visited the Headquarters of the European Asylum Support Office (EASO) in Valletta. During the visit, the Minister met with the Senior Management of the Agency. 

During the meetings, discussions with the French delegation focussed on a general overview of EASO’s activities including EASO’s operational role. Discussions also touched upon the draft Regulation transforming EASO into the EU Asylum Agency (EUAA), emphasising the importance to have the new Regulation adopted swiftly. 

Commenting on the visit of the Minister, the Executive Director of the Agency, Nina Gregori stated ‘’It is important that EASO’s activities were presented to Minister Le Drian. I’m confident we will work closely together towards a new mandate for the Agency, also supporting France in the upcoming Presidency.’’

EASO is an agency of the European Union mandated with supporting EU Member States in implementing the Common European Asylum System. The agency acts as a center of expertise on EU asylum procedures and obligations, providing technical assistance and guidance, training and operational support. EASO also works closely with the rotating Presidency of the Council of the EU. In view of the fact that France will hold the Presidency in the first semester of 2022, EASO’s Senior Management also explained the support the agency can provide in this context. 


Any further information may be obtained from the European Asylum Support Office on the following email address: press@easo.europa.eu 

European Parliament votes to ratify EU-UK trade deal
European Parliament votes to ratify EU-UK trade deal

The lawmakers voted overwhelmingly in favor of formally approving the deal with 660 votes in favor, 5 against, and 32 abstentions.

While the move is largely symbolic with few real-world ramifications, it marks the end of the road.

The vote concludes the years-long Brexit process and opens a new era where close collaboration between Brussels and London is expected to coexist with constant wrangling and disagreements.

The deal, which has already been ratified by the UK, conditionally came into force on December 31, 2020, but has technically still been open to debate since then.

EU leaders lauded the move on Twitter, with European Commission President Ursula von der Leyen saying she “warmly welcomed” the decision and President of the European Council, Charles Michel, echoing her words, adding: “It marks a major step forward in #EU-#UK relations and opens a new era.”

The UK’s chief Brexit negotiator, David Frost, said he “hugely welcome the overwhelming vote” and hoped “we can now begin a new chapter together as Europeans, characterized by friendly cooperation between sovereign equals”.

The Briton also thanked the European Commission and his EU counterpart, Michel Barnier, for “helping get us here”.

HJ/PR

Malta must seek justice for Caruana, European Parliament
Malta must seek justice for Caruana, European Parliament
                                (ANSAmed) - BRUSSELS, APR 29 - The latest revelations on the

murder of Daphne Caruana Galizia spark great concern, in
particular over the possible involvement of ministers and
politicians in Malta, said a resolution approved with 635 votes
in favor, 46 against and 12 abstentions by the European
Parliament. The resolution examined the latest developments in
the case concerning the Maltese investigative reporter who was
killed by a car bomb and other connected probes, after the
testimony provided by convicted criminal Vincent Muscat.Expressing deep concern over the possible involvement in the
murder case of sitting ministers and politicians, the lawmakers
urged the government to ensure that those implicated in all
cases brought to light by the journalist face justice.

The MEPs recognized progress made in the investigation on the
murder and other connected cases of corruption and money
laundering, “although with great delay”, and asked for the probe
to go beyond the role of the chief of staff of the previous
prime minister. All charges of corruption and fraud should be
investigated and pursued “with the necessary rigor and at the
appropriate level”. (ANSAmed).

Model European Union holds virtual conference for students
Model European Union holds virtual conference for students

This year, the chatter, debates and discourse that the Model European Union (EU) offers students shifted to a virtual setting.

Juan Arroyo, assistant professor in the Department of Politics, helped organize the Model EU Council Simulation beginning in July 2020. The location of the Model EU event usually alternates every other year between New York and Brussels, Belgium, where the headquarters of the European Union is located. However, after in-person events were canceled, Arroyo said the organizers were wondering if the timetable of the pandemic would allow the event to take place in person again. Eventually, they decided to host the Model EU event from April 10 to 18 over Zoom. From 13 countries, 112 students attended, five of whom were Ithaca College students. At the 2020 Model EU conference in Brussels, nine Ithaca College students attended.

Hosting the conference over Zoom reflects the way that the actual EU has been operating. Arroyo said the ongoing pandemic gives the model simulations urgency, as students get the opportunity to voice their opinions on how governments can best run their countries during the pandemic.

“This is why this has been going on for so many years and why we plan to keep this going as long as we can,” Arroyo said. “We think it’s valuable for students to understand how the European Union works and to open them up to experiences that will allow them to say in the future, ‘Oh you know what we might try? They do this in the European Union, maybe we can try this here.’”

Junior Julien Sobel played the Foreign Affairs Minister of Belgium at the last in-person Model EU conference, which was held a few months before the pandemic began. Having participated in both the virtual and in-person Model EU conferences, Sobel said the virtual experience lacks the intensity and passion that the in-person Model EU offers.

“When you’re in the same room with the people that you’re tackling these issues with, … there can be that sort of empathy and understanding on an interpersonal level,” Sobel said. “There can also be that anger and that argumentativeness, which is sort of amplified in that in person atmosphere.”

The Model EU meetings give students the ability to debate and discuss important issues, like COVID-19 and the economy. For senior Lauren Smith, who played the president of the European Council in the virtual simulation, hearing out students on some issues was difficult. 

“I know that for me personally, the speaking was such a test of patience,” Smith said. “Even though it’s a simulation, you might have people who have to play roles that they don’t agree with. That’s a whole other obstacle to overcome … to argue for a position that you don’t even support. … I was chairing the meeting, and I wasn’t allowed to sway toward either side or allow any kind of judgement. So I had to just sit there and stay straightfaced as we discussed EU arms exports to Saudi Arabia.”

Junior Ryan Ingerson said that being able to attend the event gave him a fresh perspective that he does not receive in his classes.

“The Business School has a lot of great values to it,” Ingerson said. “But they teach a very specific mindset, and you can see it in a lot of the business students. Getting out of that and starting getting interested in politics, even though it does nothing for my major or minors, I’ve really learned about a lot of advocacy work, global political trends, and its more focused on stakeholders rather than shareholders.”

Since the event was held over Zoom, it allowed for students in areas of the world that normally miss out on attending in person to join in. Students from countries like Indonesia and Brazil were able to participate.  

Arroyo said there is talk among the organizers about hosting future Model EU events in a hybrid setting, like many of the classes that schools around the world are offering. 

Sophomore Mia Loretto, who attended the conference, said she would support this proposal, which would bring in a wider range of students. However, she said she wonders how it would function, as balancing both Zoom and in-person events can be a challenge, especially for something as debate- and discussion-heavy as Model EU.

“I definitely think having the hybrid idea is smart, especially if you take into account that not everyone can afford to go to a different country, and I think that’s a more accommodating and inclusive way, so I would be all for hybrid,” Loretto said. “I think it would definitely affect how things are run. Hybrid classes here, it’s hard because half the people are in class and half are on Zoom, and it’s difficult to divert your attention to both things.”

European Parliament Wants SWIFT Shut-Off, Halt to Russian Energy Use 'If Ukraine Aggression Continues'
European Parliament Wants SWIFT Shut-Off, Halt to Russian Energy Use ‘If Ukraine Aggression Continues’

Over 50 European Parliament lawmakers have tabled a resolution proposing disconnecting Russia from the SWIFT payment system and halting the purchase of Russian oil and gas supplies if Moscow’s alleged “aggression and continued destabilisation of Ukraine, hostile behaviour towards and outright attacks on EU member states and societies” escalates into military action.

In a draft resolution tabled on Wednesday “on Russia, the case of Alexei Navalny, the military build-up on Ukraine’s border and Russian attacks in the Czech Republic,” the group of mostly Eastern European lawmakers suggested that if the current tensions over Ukraine turn into an outright Russian invasion, imports of “oil and gas from Russia to the EU [must] be immediately stopped, while Russia should be excluded from the SWIFT payment system, and all assets in the EU of oligarchs close to the Russian authorities and their families in the EU need to be frozen and their visas cancelled.”

The resolution does not clarify what might provoke Russia to “invade” Ukraine. Moscow has repeatedly urged the current government in Kiev to make good on its commitments under the Minsk peace accords.

The resolution goes on to blame Moscow for the deterioration of the security situation in eastern Ukraine, and criticises Russia for suspending “the right of innocent passage for warships and commercial vessels” through the Kerch Strait until 31 October. 

Calling opposition vlogger Alexei Navalny “Russia’s best known anti-corruption activist and opposition politician,” the resolution demands his immediate release, and calls for an investigation into the alleged “poisoning” and “assassination attempt” against him. Navalny was imprisoned after returning to Russia in January over breaches of probation to his suspended sentence in a 2014 fraud case.
The resolution goes on to accuse Russia of a litany of crimes, including election meddling, “the use of disinformation, deep fakes, malicious cyberattacks, sabotage and chemical weapons,” and the latest claims of Russian involvement in arms depot blasts in the Czech Republic, and urges the EU to “reduce its dependence on Russian energy,” stop the completion of the Nord Stream 2 pipeline project and cancel multi-billion-dollar nuclear power plant construction projects with Rosatom.

Relations at Low Point and Could Get Worse

Also on Wednesday, European Union foreign policy chief Josep Borrell told reporters that relations between Moscow and Brussels were at a “low point” and could deteriorate further in the future. Borrell accused Russia of “pretending” to be a neutral mediator in the conflict in eastern Ukraine, and claimed Moscow was not interested in the realisation of the Minsk agreements.

“Up to now, Russia has shown no willingness to end the conflict on terms that would safeguard Ukraine’s sovereignty, territorial integrity and independence. For Russia, the full implementation of the Minsk agreement is not a key condition. For us, it is,” he alleged.

Under the terms of the Minsk accords, signed in early 2015 in the Belarusian capital after months of brutal fighting between Kiev forces and militias in the regions of Donetsk and Lugansk, the breakaways would return to Ukrainian jurisdiction in exchange for broad autonomy. The two sides made good on their promises to halt fighting and move heavy military equipment away from the line of contact, but the agreement’s implementation has since been stalled, with Ukrainian lawmakers refusing to proceed with the legislation to grant the Donbass autonomy.
Earlier on Wednesday, in an interview with Sputnik, Russian Foreign Minister Sergei Lavrov accused Western nations of trying to convince Moscow to “soften” the Minsk accords and to change the sequence of the implementation of its provisions, and warned that doing so would lead to a massacre of its residents.