Croatia, Kazakhstan and the Wayne Gretzky of banking: today's headlines in briefby Prospect Team / July 1, 2013 / Leave a comment
France and Germany are demanding answers direct from Washington as fresh NSA leaks create a rift between allies. Der Spiegel has reported that, according to a leak thought to have come from whistleblower-in-exile Edward Snowden, EU offices were bugged by the NSA.
Today, Croatia officially joins the EU as the 28th member of the bloc. Celebrations in the Balkan state were modest. In a recent interview with the Associated Press, Presdent Ivo Josipovic explained that the event brought as many challenges as privileges.
Prospect’s editor Bronwen Maddox was cautiously optimistic on the Today programme this morning, warning the EU to keep the pressure on newly-inducted members to avoid complacency on the inside. Looking back at the inclusion of Romania and Bulgaria, Maddox cautioned that: “Nations need to be better prepared for entry… Europe needs to establish clearer rules and regulations.” The editor also predicted talks of Turkey joining the club will come to a halt under immigration fears from France and the UK.
Tournament host Brazil won the Confederations Cup against Spain last night in a 3-0 victory as unrest in the streets continued, escalating as police employed tears gas to deter protestors, and president Dilma Rousseff’s approval ratings plummeted to 27%.
A YouGov poll shows a hung parliament and a drop in Labour support for an EU referendum. The Lib Dems have said they will sit out the Commons debate on EU membership.
MPs are set for a pay rise of up to £10,000 per year. David Cameron has been warned that he will have no say on the matter.
Today is Mark Carney’s first day on the job as governor of the Bank of England. MPs are said to want more quantitative easing from the new governor, something his predecessor failed to provide in his final months on the job. Of all the major developed nations, Canada recovered fastest from the recession—a feat many put down to Carney’s expertise. Carney has been lauded in the press as both the Wayne Gretzky and the George Clooney of central banking, a “rockstar” in his field. But Ed Balls has warned that the role has become so major that “only superhumans need apply”—belittling comparisons to mere mortals Gretzky and Clooney. See Ian Campbell and George Magnus’s evaluations…