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EU Faces Dozens of Lawsuits over Spanish Bank Closure
August 31, 2017
Reuters reports that, in one of the largest legal challenges the supranational organization has faced, investors have filed 51 lawsuits against the EU in the bloc's General Court asserting that EU regulators violated the law by ordering the closure of Banco Popular in Spain and requiring the use of investor money to wind down the failing bank.
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Poland Criticizes EU Intervention on Courts
August 30, 2017
Politico reports that, in response to a "Rule of Law Recommendation" in which the European Commission directed Poland to roll back recent changes to the country's judiciary, the Polish government has released a statement criticizing the intervention as politically motivated and asserting that the changes "are in line with European standards."
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Macron Renews Call for "Multi-speed EU"
August 30, 2017
EUobserver reports that French President Emmanuel Macron is renewing the push of Western European leaders toward a "multi-speed EU" that would permit some of the bloc's member states to transfer their sovereignty to EU institutions at a faster rate than others - an idea criticized by Central and Eastern European countries concerned about the breakdown of the EU.
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Merkel Offers Limited Support for EU Finance Integration
August 30, 2017
In a press conference in the lead-up to the country's general election in September, German Chancellor Angela Merkel reiterated her support for expanded powers of an EU bailout fund and for the establishment of a eurozone finance minister but stated that she would only agree to a "small budget" for such EU finance centralization.
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German Court Reserves Power to Sidestep ECJ
August 25, 2017
Bloomberg reports that, in a recent ruling on the authority of the European Central Bank to engage in certain bond-buying practices, the German Federal Constitutional Court reserved the power not to apply rulings of the Court of Justice of the EU (ECJ) allowing EU institutions to "blatantly" overstep their mandates.
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