European Financial Industry: Germany, France back EU tax on derivatives - by Jean-Baptiste Vey

France and Germany agreed that a planned pan-European tax on financial transactions should cover all derivatives products, a source close to French Finance Minister Pierre Moscovici said on Wednesday.

President Francois Hollande and Chancellor Angela Merkel said after a joint meeting of their two cabinets in Paris that they wanted other EU partners to agree on such a levy by European Parliament elections in May.

France and its banks have in the past warned that imposing a transactions tax across the board of financial products could damage Europe's financial sector. But Germany has in recent days suggested a compromise under which different components of the tax could be phased in over time.

While Hollande and Merkel signalled their will for the 11 countries who back the tax to conclude a deal on it by the European elections, it was still not clear how high the final tax would be and when it would be applied to specific products.

Asked whether he favoured a phase-in of the tax as suggested by German Finance Minister Wolfgang Schaeuble - starting with share trades first - Hollande said such details would be worked out in minister-level discussions.

"The main thing is that it happens. If we seek the perfect product, I know there are some people who will go so deep into details that there will never be a financial transactions tax. I prefer an imperfect tax to no tax at all," he said.

Note EU-Digest: every politician in the European Union should keep in mind that we elected them to defend the interests of the voters and not only the interests of  the financial, banking industry, or specific corporate interest groups. 
 
Read more: Germany, France back EU tax on derivatives - French source | Reuters

E.U. Imposes Sanctions Despite Russian Criticism - by Stephen Castle and Steven Lee Myers

Brushing aside Russian criticism, the European Union agreed on Thursday to go ahead with sanctions that include travel bans and asset freezes imposed on those deemed responsible for the fatal escalation of violence in Ukraine.

A day after the United States announced some similar moves, foreign ministers of the 28-nation European Union said they would devise a list of those who would be subject to the European sanctions, and that the sanctions would also ban the export of equipment likely to be used for repression in Ukraine.

But the European foreign ministers also left themselves room to continue a dialogue with President Viktor F. Yanukovych’s government, emphasizing the importance of political progress in Kiev, where the foreign ministers of France, Germany and Poland have been trying to mediate.

Britain’s foreign secretary, William Hague, said that the foreign ministers had acted because of the “widespread horror” at what had happened in Ukraine but that the number of those affected by the sanctions would depend on the behavior of the Ukrainian government.

 

Read More: E.U. Imposes Sanctions Despite Russian Criticism - NYTimes.com

Ukraine crisis turning into Revolution: Police storm main Kiev 'Maidan' protest camp - by Daniel Sandford

Police are storming the main protest camp in Ukraine's capital, Kiev, which has been occupied since November.

Explosions are taking place, fireworks are being thrown and large fires have broken out in Independence Square, known locally as the Maidan.

On Tuesday at least 18 people were killed, including seven policemen, in the worst violence seen in weeks.

Opposition leaders later met President Viktor Yanukovych but failed to find a solution to the crisis.

Vitaly Klitschko, leader of the opposition Udar (Punch) party, told Ukraine's Hromadske TV that the president had given the protesters only one option, leave the Maidan and go home.

Security forces had given protesters a deadline of 18:00 local time (16:00 GMT) to leave Independence Square, the scene of a mostly peaceful protest camp since November.

The city's metro service was completely shut down, and there were reports that cars were being prevented from coming in to the capital.

Then shortly before 18:00 GMT, police announced over loudspeakers that they were about to begin "an anti-terror operation".

Late on Tuesday, the police tried to break through a barricade from the Evropeyska Square, but the attack was repelled.

In a renewed assault shortly after 04:00 local time on Wednesday (02:00 GMT), the police tried to move on the protesters' tents near the main monument on the square.

A number of tents were set ablaze, and the police reportedly again began using water cannon.

In speeches from the main stage, protest leaders urged people already on the Maidan to stand firm, and called on Ukrainians elsewhere to come to the square.

Meanwhile, there are reports of unrest breaking out elsewhere in Ukraine, including the western cities of Lviv, Ivano-Frankivsk. 

Mr Yanukovych's aide said the president was preparing to address the nation, without providing further details.

Read more: BBC News - Ukraine crisis: Police storm main Kiev 'Maidan' protest camp

Germany - EU Privacy Protection Laws: 'I expect Merkel's actions to follow her words'- needs to support European data law reform

DW Question to Green MEP Jan Philipp Albrecht: "John Kerry said during his visit to Berlin, "Let's turn a page and open a new chapter." He has had enough of the NSA spying scandal and the ensuing diplomatic difficulties - with Germany in particular. But Angela Merkel now said in her weekly podcast that she wants to promote a European communications network. That's seen as a direct reaction to the NSA spying allegations. How useful is this proposal?"
 
Data Law Reform, EU, EU Commission, EU Parliament, Germany, NSA Spying, Jan Philipp Albrecht:" I think it's a good sign that we see movement towards a European initiative to better protect our data and the information infrastructure in Europe. Yes, we need that. But on the other hand, it's also clear that we cannot just build borders which would give us some sort of a German or a Schengen zone internet. Instead, we need to have a legal framework which secures our fundamental rights in the European market."

"We need to implement the European data protection reform. Angela Merkel has called that a priority. Now she should follow through with it. It's not just about investing in infrastructure - even though that's a good first step in giving Europeans a choice, so they can choose a European data processer instead of a US firm."

DW: "Even if we did have European data processers - what would that change? Whistleblower Edward Snowden has said, "It doesn't matter where your servers are. The NSA will go where the data is."

Jan Philipp Albrecht: "That's true. We can't just cut the cables. People do want to communicate, and we don't want to stop them. But that's why we need better data protection in terms of services. It has to be made clear that if somebody offers services to European citizens and consumers, these services need to comply with the rules of our market: data security and protection, better encryption, and more control for users. That's what Angela Merkel should safeguard."

Read more: 'I expect Merkel's actions to follow her words' | Europe | DW.DE | 17.02.2014

European Car Industry - Alternative Energy: 1,000 European EV Quick Chargers Energized - by Philippe Crowe

Nissan has announced the milestone of 1,000 CHAdeMO quick chargers installed in Europe has been reached.

The 1,000^th EV charging station was installed at Roadchef Clacket Lane Services in Surrey, UK.
The fast charging unit can recharge the batteries of compatible electric vehicles from zero to 80 percent charge in 30 minutes, and at zero cost.

Nissan said the installation of the fastest type of chargers dramatically increases the uptake and usage of electric vehicles. In Norway, Europe’s biggest EV market, the number of electric vehicles using the E18 highway increased eight fold in an 18 month period after a CHAdeMO quick charger was installed on the route.

The latest charger has been installed in collaboration with Ecotricity, a UK green energy specialist. The location south of London on the M25 motorway, considered one of the busiest in Europe, allows drivers west of London easy access to Kent and onwards into Europe“.

This is a huge landmark for zero-emission mobility, allowing a range of EVs, including the Nissan Leaf and forthcoming Nissan e-NV200 electric van, to quickly extend their journeys,” said Director of Electric Vehicles, Nissan Europe, Jean Pierre Diernaz. “The UK charging network is expanding rapidly and through our partner Ecotricity, customers are able to ‘refuel’ their car for free with wind and solar generated electricity.”

According to Nissan, this latest charger is part of a network of 195 chargers in the UK, which is forming electric corridors across the country, linking major towns and cities. In the UK, Nissan has been working with partners including IKEA, Moto, Roadchef, Welcome Break and Nissan dealers to create this rapidly growing network with 124 quick chargers installed in 2013.

Nissan explained the rate of installation of CHAdeMO quick chargers across Europe rose sharply in 2013, hugely increasing access for its Nissan Leaf customers. In 2010 there were just 16 quick charging points; this rose to 155 a year later and 540 in 2012. The 1,000 mark in 2013 will be dwarfed by the end of 2014 with over 1,800 quick charger points expected.

Investment in this Euope-wide development of infrastructure comes from Nissan and a multitude of partners in the energy field, including the Swiss multinational power company ABB, French quick charger manufacturers DBT, and the Portuguese EFACEC Corporation.

Read more: 1,000 European EV Quick Chargers Energized - HybridCars.com

Sochi Olympics Speed Skating: Jorrit Bergsma knocks off Kramer in Dutch 10,000 meters sweep

Sven Kramer and Jorrit Bergsma

Sven Kramer stayed in the right lane this time.

No matter. He was again denied a gold medal in the speedskating race he wanted more than any other.

With a stunner of a finishing kick, Jorrit Bergsma knocked off country man and the world's greatest distance skater, winning the 10,000 meters with an Olympic-record time on Tuesday. "I'm still dazed," Bergsma said.

Kramer gave away a sure gold in speedskating's longest event with an inexplicable mistake while changing lanes at the 2010 Vancouver Games.

This time, he simply got beat by — almost inevitably at the Sochi Games — a fellow Dutchman.
Bergsma turned in the fastest sea-level time ever, 12 minutes, 44.45 seconds, and shattered the Olympic record of 12:58.55 set by South Korea's Lee Seung-hoon four years ago.

Kramer settled for silver in 12:49.02. The bronze went to 37-year-old Bob de Jong.

While the order of finish didn't go as expected, the guys on the podium were no surprise at all.

It was another orange sweep, the fourth 1-2-3 finish for the Netherlands at Adler Arena, its speedskating medal haul climbing to 19 out of a possible 27.

Read more: Jorrit Bergsma knocks off Kramer in 10,000 meters - US News

Switzerland: EU halts Switzerland research and education ( euro 1.8bn) grant talks following anti-immigrant vote

The EU has suspended talks with Switzerland over its participation in EU research and education programmes because of the Swiss vote last week to curb immigration. 

Switzerland's access to millions of euros of EU funding is now at risk.

A European Commission spokesman said the Horizon 2020 research programme and Erasmus+ student exchanges were linked to freedom of movement.

Switzerland has blocked free access to its employment market for Croatians.

Switzerland is not in the EU but more than half of its exports go to the 28-nation bloc and it has adopted large sections of EU policy.

Horizon 2020 will provide nearly 80bn euros ($110bn) over seven years for research projects in the EU.

In the current programme Swiss participants have received more than 1.8bn euros in research grants. The first new grants are to be decided later this year.

Erasmus+ has a budget of 14.7bn euros and enables more than four million young Europeans to study and get work experience abroad.

Read more:  BBC News - EU halts Switzerland research and education talks