EU investment markets shake-up - EUbusiness Week no 375

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EUbusiness Week - Issue 375
2 November 2007
http://www.eubusiness.com
Your way through the EU information maze
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This Week's Top Stories
=======================
1. ECB rate bind deepens as economy slows
2. Ministers confirm EU border-free expansion prospects
3. European steelmakers seek duties on Chinese imports
4. EU postpones health measures fearing fallout for brain
scans
5. Britain to keep limits on Romanian, Bulgarian workers
6. Massive rise in GM farming not enough: biotech industry

Publisher's Note
================
Europe's banks and trading platforms are working under a new
regulatory regime. From Thursday, the EU's Markets in
Financial Services Directive (MiFID) came into force, with
the aim of ending stock exchange monopolies and requiring
brokers to offer the cheapest prices for clients' trades.

Under the new rules, countries can no longer require trades
to be routed through stock exchanges, thus increasing the
scope for competition from other trading platforms or big
investment banks. Investors should also benefit from a
broader choice of services and improved protection.

MiFID will be a challenge for the industry over coming
weeks. The benefits, however, are clear: "The cost of
capital should go down over time, and this will have major
benefits for the European economy," said Internal Market
Commissioner Charlie McCreevy.
http://www.eubusiness.com/Finance/1193830321.95

Regards,

Nick Prag
Publisher, EUbusiness

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1. ECB rate bind deepens as economy slows
-----------------------------------------
The European Central Bank faces a growing bind over keeping
a lid on price pressures as the economy slows, economists
said on Wednesday amid mounting evidence of weak economic
confidence and surging inflation.
http://www.eubusiness.com/Finance/1193835721.81
Economic confidence in Europe falls more than expected
http://www.eubusiness.com/Finance/1193825822.55

2. Ministers confirm EU border-free expansion prospects
-------------------------------------------------------
Interior ministers and officials from 18 EU countries met in
an upbeat mood last Friday fuelled by the firm conviction
that the EU's border-free Schengen zone will soon double in
size with the inclusion of nine new member states.
http://www.eubusiness.com/Living_in_EU/1193422621.22

3. European steelmakers seek duties on Chinese imports
------------------------------------------------------
European steelmakers have lodged anti-dumping complaints
with the Commission against imports from China, Taiwan and
South Korea seeking corrective duties.
http://www.eubusiness.com/Trade/1193669222.05

4. EU postpones health measures fearing fallout for brain
scans
----------------------------------------------------------
The Commission has proposed to suspend plans to cut workers'
exposure to potentially dangerous electromagnetic fields
after realising it could limit the use of brain scans.
http://www.eubusiness.com/Employment/1193417221.57

5. Britain to keep limits on Romanian, Bulgarian workers
--------------------------------------------------------
Britain will keep restrictions on the number of Romanian and
Bulgarian workers it allows in for at least another year.
http://www.eubusiness.com/UK/1193746622.48

6. Massive rise in GM farming not enough: biotech industry
----------------------------------------------------------
Despite long-standing and recently more pronounced
scepticism of genetically modified organisms, the past 12
months have seen a massive 77 per cent increase in the
area planted with genetically modified crops in Europe.
http://www.eubusiness.com/Agri/gm-farming.01

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Inside the EU Institutions
==========================

Council Watch
-------------
Russia: the EU and Russia moved closer on thorny issues of
trade and political relations at a summit last Friday that
steered clear of confrontation on major policy disputes.
http://www.eubusiness.com/Russia/1193428022.4
Africa rallies to Mugabe as Brown hard line backfires
http://www.eubusiness.com/Africa/1193911322.21
Czech lawmakers reject referendum over EU treaty
http://www.eubusiness.com/Institutions/1193764630.93
http://www.eubusiness.com/European_Council

Commission Watch
----------------
ACP EPAs: two Commissioners on Wednesday issued a defence of
the controversial economic partnership agreements the EU is
negotiating with African, Caribbean and Pacific countries.
http://www.eubusiness.com/Trade/1193793421.79
http://www.eubusiness.com/Commission

Euro-Parliament Watch
---------------------
Constituency week.
http://www.eubusiness.com/Europarl

EU diary
--------
5 Nov, 9th EuroMed Ministerial Meeting
7 Nov, European Development Days
8 Nov, Justice and Home Affairs Council (JHA)
13 Nov, ECOFIN Council / Eurogroup
15 Nov, Education, Youth and Culture Council

The Week Ahead: http://www.eubusiness.com/events/EUcalendar
Long-term diary: http://www.eubusiness.com/events/eu-diary

EUbusiness Community
====================

Comment of the Week
-------------------
Commenting on our piece "Finnish islands' sale of oral snuff
has Brussels fuming", Roderick Lawrie writes:

"The Royal College of Physicians, Cancer Research, Ash and
The Lancet...have all stated categorically that if we could
switch every smoker in the world to snuff, we could save 5
million people a year. If Snus is banned in Aland, with a
population of 26,000, he will switch 2900 Snus users to
cigarettes and end their lives 10 years earlier, increasing
the number of Alanders dying from lung cancer per year from
1.7 to 6.5. Should this man be prosecuted for murder?"
http://www.eubusiness.com/Health/1193165223.23

Please note: any comments considered offensive or unsuitable
will be removed immediately.

EUpress
-------
Banks in particular look forward to a competitive
environment in trading where the emphasis will be on a single
regime for Europe where the market is open for new entrants
- European Banking Federation on MiFID
http://www.eubusiness.com/Press/ebf-mifid.01

Reach Europe's decision-makers by publishing your
organisation's policy papers and news directly onto
EUbusiness.
Press: http://www.eubusiness.com/press

EUevents
--------
22 Nov, Vilnius: Enhance Security in Cyber Environment
http://www.eubusiness.com/events/cyber-security.07

4 Dec, Berlin: European Offshore Wind conference 2007
http://www.eubusiness.com/Events/offshore-wind.07
Events: http://www.eubusiness.com/events

EUbooks
-------
Regulating Medicines in Europe
http://www.eubusiness.com/Books/regulating-medicines-europe

Trends in EU Health Care Systems
http://www.eubusiness.com/Books/eu-health-care-systems
Books: http://www.eubusiness.com/EUbooks

EUjobs
------
Senior Organisation Development Specialist, EIB
http://www.eubusiness.com/Jobs/eib-job.07-10-30

Head of Unit Legal and Policy Affairs, EFSA
http://www.eubusiness.com/Jobs/efsa-job.07-10-30
Jobs: http://www.eubusiness.com/jobs

EUguides
--------
Economic Partnership Agreements (EPAs) - principles
http://www.eubusiness.com/Trade/epa-principles

Integrated Pollution Prevention and Control Directive
http://www.eubusiness.com/Environ/pollution-prevention

Kimberley Process - fighting blood diamonds
http://www.eubusiness.com/Trade/kimberley-process-guide
Guides: http://www.eubusiness.com/guides

EUlinks
-------
Your questions on MiFID
http://www.eubusiness.com/Finance/mifid-questions

Emission Trading Scheme (EU ETS) review
http://www.eubusiness.com/Environ/emission-trading-eu

ACP-EU Trade Website
http://www.eubusiness.com/Trade/acp-eu-trade
Links: http://www.eubusiness.com/links

Other news on EUbusiness this week
----------------------------------
Tests clear Cyprus of foot and mouth 31-Oct
http://www.eubusiness.com/Agri/1193843822.12
EU extends probe into Thomson-Reuters merger 31-Oct
http://www.eubusiness.com/Media/1193828522.12
Eurozone unemployment hits record low in September 31-Oct
http://www.eubusiness.com/Factsfig/1193825828.7
Eurozone inflation hits 2-year high in October 31-Oct
http://www.eubusiness.com/Factsfig/1193825827.58
EU approves Danone's takeover of Dutch baby food maker 31-Oct
http://www.eubusiness.com/news_live/1193822221.57
Spain appeals EU fine against Telefonica 30-Oct
http://www.eubusiness.com/Competition/1193761022.43
Truckers jammed for days at EU-Russia border 28-Oct
http://www.eubusiness.com/Transport/1193536022.57

Companies: http://www.eubusiness.com/europages
EUfunding: http://www.eubusiness.com/funding
http://www.eubusiness.com/Currency-converter
http://www.eubusiness.com/aboutus/eubusiness-rss

Newswire online: http://www.eubusiness.com/Newswire

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