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Archives for Treaty of Lisbon

Storm clouds loom once again over the eurozone. Interest rates on Portuguese, Irish and Greek government bonds are continuing to rise. Ten-year bond yields for Ireland reached a record 7.75 per cent on Monday, while for Portugal they were 6.67 per cent. The ECB started buying bonds again after several weeks’ abstention. There was some… » read more

So the European Parliament’s foreign affairs committee has approved the set-up of Europe’s foreign service, as negotiated in Madrid two weeks ago. Formal agreement is expected in plenary after the holidays, allowing the European External Action Service (EEAS) to be operational by the end of the year. Creation of the EEAS is potentially the most… » read more

It has always seemed a curious paradox that the major policy-making institutions of the European Union should have settled in Belgium, a country with a political system in a permanent state of turmoil, deeply divided on political and linguistic grounds, yet somehow able to keep functioning as coalitions come and go and politicians struggle with… » read more

It should be a time for celebration. The Lisbon Treaty has come into force, a new European Commission has been convincingly approved by the Parliament, the European Council has a permanent president and a European foreign policy structure has been created. Yet it feels as if Europe’s clock has been turned back ten years, to… » read more

Rarely has the Brussels rentrée occurred in such a muddle of doubt and anticipation. Doubt because the October 2 Irish referendum could kill the Lisbon Treaty for good; anticipation because approval of Lisbon should open up new capabilities for Europe and settle the constitutional uncertainty which has dogged the EU for so many years –… » read more

What a frustrating time this must be for Sweden’s EU presidency! Stockholm’s ambitious plans to demonstrate its dynamic management of the Union are becalmed. Two days after confirming the Council’s candidacy of Barroso, prime minister Fredrik Reinfeldt was obliged to announce that the European Parliament had postponed until mid-September its vote on renewing the Commission… » read more

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