Analysis

After five years of research, the European Commission has today accused Google of abusing its dominant position by promoting its products in Internet searches, where it control 90% of the market share in Europe. In parallel, the Commission has formally opened an antitrust investigation against Google’s Android mobile operating system, including its applications and services. This opens up a new front against Google, which could affect its aspirations of gaining ground in the mobile market.

The Spanish Foreign Minister, the Latvian Foreign Minister, and the EU foreign policy chief co-hosted an Informal Ministerial meeting with representatives of Morocco, Algeria, Tunisia, Egypt, Lebanon, Israel, Palestine and Jordan, who declared their support for fighting terrorism and curbing irregular migration, two top priorities of the EU’s collaboration with its neighbours south of the Mediterranean Sea. The meeting was part of a series of consultations that the EU initiated with European Neighbourhood Policy (ENP) countries to review its strategy of collaborations.

Following negotiations over several years, and a marathon session from 26 March to 2 April 2015, the six world powers (China, France, Germany, Russia, UK, US) plus the EU reached agreement with Iran on key parameters for ensuring that Iran’s nuclear programme is for peaceful purposes only. A Joint Comprehensive Plan of Action (JCPOA) will now be drafted, on the basis of the agreed parameters, by 30 June 2015 and implemented thereafter. The successful outcome of the negotiations was hailed as a “historic understanding” and a “good deal” by US President Obama.

Turkey’s diplomatic relations with Slovenia, Slovakia and Romania have seen a boost this week as President Recep Tayyip Erdoğan paid official visits to the three countries. Turkey’s accession to the EU, bilateral trade and the fight against ISIL / ISIS were among the issues discussed between Mr. Erdoğan and the respective country leaders. Mr. Erdoğan’s visit had to be cut short because of terrorist incidents in Istanbul.

In the European Parliament the head of the Single Supervisory Mechanism (SSM) for the Eurozone banks has committed herself to restraining financial institutions and closely monitoring the models they use to calculate risks. Danièle Nouy has given assurances that “we will be a demanding supervisor, however at all times we shall strive to make our action fair and impartial.” The SMM just published its first report that has overseen more than 6,000 banks in the region since last November.

Preventing death, injury and disability caused by road accidents has been a serious preoccupation of the EC. The goal is to halve the number of deaths by 2020, as compared to 2010. The EC review released on 24 March 2015, however, reports a decrease of just 1% in road fatalities in 2014 compared to the previous year, when the decline had been 8%. The number of deaths varies greatly from one country to another.

At a public lecture that he gave at the London School of Economics (LSE) on 25 March, which happens to be the national day of Greece, the Governor of the Bank of Greece and former Finance Minister Yannis Stournaras clearly stated that “Grexit” is not an option at this stage. He went on to explain that Greece leaving the euro would not deliver significant benefits, at a time when the Greek economy has stabilized and is showing strong signs of improvement after years of reforms.

 

The project for a single market for electricity and gas in Europe was given green light by European leaders at the EU Summit on 19-20 March. The European Council members also committed to support an active European climate diplomacy in line with the Union’s ambitious greenhouse gas emission reduction objective, and to expand infrastructure projects that aim to connect electricity and gas supply between countries.

The EU has decided to implement the Stabilization and Association Agreement (SAA) negotiated in 2005 and signed in 2009 with Bosnia and Herzegovina (BiH). The decision was taken at the meeting of the EU foreign ministers on 16 March 2015, following an earlier joint initiative by the foreign ministers of Germany and the UK. The SAA is intended to unblock BiH’s path towards EU membership, sidelining the earlier condition of implementation by BiH of the European Court of Human Right’s “Sejdic-Finci” ruling.

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