David Cameron, UK prime minister, unexpectedly had nothing to say about Ukraine on Thursday as he arrived in Brussels for the meeting of EU leaders.
Ahead of the summit, the British premier is not meeting with the 12 other conservative heads of Government in the European People’s Party group but instead joins members of the smaller European Conservatives and Reformists group.
The ECR struggles to match the EPP’s star power. Apart from the UK Conservatives none of its member parties are in any EU government.Nevertheless, Mr Cameron will meet the finance ministers of Iceland and the Faro Islands at their pre-summit get together. Read more
José Manuel Barroso
Anyone expecting Jose Manuel Barroso, the European Commission president, to give any hint as to where EU summitteers might go on Russian sanctions when they gather later today, will be disappointed.
At a press conference following a pre-summit meeting with business and labour union leader to discuss Europe’s jobless recovery, Barroso would only say that “the most important thing to do” is to help create a “credible, stable, prosperous, democratic Ukraine.” Read more
Ukraine's prime minister Yatseniuk returns to Brussels Friday to sign the EU integration treaty
Just how sensitive is tonight’s summit dinner debate over the next steps for EU sanctions against Russia? According to EU diplomats, the meal will be for leaders only – no aides, no experts – and they won’t be allowed to bring in mobile phones or other electronic devices.
That’s because the next most likely step is what one senior EU diplomat termed “phase two-plus”: new names, potentially those closest to Russian President Vladimir Putin, are expected to be added to the list of 21 Russian and Crimean officials subject to EU visa bans and asset freezes.
As a result, the draft conclusions that were produced from last night’s meeting of EU ambassadors – which apparently includes those names – is not being given the normal circulation to national capitals and will only be given to leaders once they get into the room tonight. The draft produced before last night’s meeting, a leaked copy of which we’ve posted here, is the last one to get distributed more widely. Read more
It is safe to assume that there are parts of the UK Treasury already in a tremendous froth over this leaked opinion from the legal advisers to EU finance ministers.
Remember the only thing that would make George Osborne, the UK chancellor, hate the Financial Transaction Tax idea more than he already does would be its extension to currency exchange transactions. Even the European Commission didn’t go that far.
For that reason this opinion from the EU Council legal service will cause a stir, at least in Brussels. It contradicts the Commission’s own legal service (they are making a habit of this on the FTT) and says that there is no law in principle preventing a joint levy on foreign exchange. This effectively reopens a debate that makes London very nervous. Read more
Campaign posers for Sunday's independance referendum in Simferopol's Lenin square
Monday’s meeting of EU foreign ministers is shaping up as one for the history books. Just as Crimean officials are scheduled to be finishing their count of the region’s independence referendum, ministers will gather in Brussels to finalise a list of Crimean and Russian officials to be targeted with travel bans and asset freezes, the most significant step yet taken by any of the western allies against the Russian incursion.
But first, diplomats must decide who exactly is on that list.
The process started in EU embassies in Moscow, who pulled together a master list that was forwarded to diplomats in Brussels. According to one diplomat involved in the discussions, the list is to be narrowed to a “small but politically significant” group of people who are “infringing Ukraine’s territorial integrity”. The diplomat put the final number “in the tens or scores”. So perhaps 20 to 40 names. Read more
Arseniy Yatseniuk, the Ukrainian prime minister, at last week's emergency EU summit
When EU diplomats meet again tomorrow in Brussels for another round of talks over Russian sanctions ahead of Monday’s foreign ministers’ meeting, one of the more peculiar points of debate will be about last week’s EU summit promise to sign the “political chapters” of their integration treaty with Ukraine.
Apparently, it may be almost impossible to do so legally – even though the current plan is to have them signed at the EU leaders’ regularly-scheduled summit next Thursday. Bit of a pickle, no?
For those not following things that closely, the EU’s “association agreement” with Ukraine is the thing that first set off the current crisis, after then-President Victor Yanukovich decided not to agree the pact – both a free trade deal and a political affiliation agreement – on the eve of a big summit designed around the signing ceremony. The months of protests that followed eventually led to Yanukovich’s downfall.
At last week’s emergency summit on the Ukraine crisis, EU leaders took many by surprise when they decided to sign the non-trade portions of the treaty – essentially the Preamble, Title I and Title II of the text, which can be read here – even though European Commission officials had previously indicated that they’d wait for a “legitimate” government in Kiev to be elected in the new May presidential vote. Read more
German finance miniser Wolfgang Schäuble with Finland's Jutta Urpilainen at Monday's eurogroup
The German finance ministry is on the brink of an extraordinary achievement. Like many power shifts within the EU, it is happily hidden behind the most fiendish jargon. But if all goes to plan, Berlin is securing something rare and coveted in Brussels: the effective power to block future EU banking regulation.
Put another way, it is quietly resetting the ground rules of the single market in financial services without the need for treaty change or a referendum or a big speech. Take note David Cameron.
How has Berlin managed it? It is all concealed in the thicket of legal arguments over establishing Europe’s €55bn bank rescue fund via an intergovernmental agreement, rather than through the EU’s normal “community method”, where majority (or at least qualified majority) rules.
To translate: at German behest, the rules for pooling banking union rescue funds are laid out in a side-deal between governments, rather than under legislation agreed between EU member states and European parliament. Such intergovernmental pacts are allowed; remember the fiscal compact? But they are not supposed to change or impact the EU’s common rulebook, outlined in the EU treaties. Read more
Yulia Tymoshenko speaking at the EPP conference in Dublin on Thursday night
By Vincent Boland in Dublin
There is something about being a European centre-right politician that appears to attract its own kind of celebrity. The gathering of the European People’s party in Dublin is a good example of this rather eclectic mix of high-profile luminaries.
On Thursday evening, it was the turn of the Ukrainians to wow the audience. Vitali Klitschko, the former boxing champion and front-runner to be Ukraine’s president in a post-revolution election in May, and Yulia Tymoshenko, the former prime minister and prison inmate, both got standing ovations as they arrived on stage to address the congress. Read more
Ukraine's prime minister Arseniy Yatsenyuk, left, and France's François Hollande at summit's start
Today’s emergency summit of EU leaders has just gotten underway and the Brussels blog has got its hands on an early draft of the official three-page concluding statement on Ukraine.
As if it weren’t clear enough already, the draft reveals deep fault lines among member states over the appropriate response to Russia’s actions in Crimea, since there is very little substance in the text thus far. Indeed, the moderates – led by Germany and including countries with strong economic ties to Russia, like Italy and the Netherlands– appear to have succeeded in keeping any specific threats against Russia out of the declaration.
Although the statement endorses the conclusions of EU foreign ministers on Monday – which demanded that Russia return its troops in Crimea back to barracks or face “targeted measures” – the leaders’ statement oddly leaves this specific demand out. There is no language reiterating the foreign ministers’ view on this, which included the demand to “withdraw [Russian] armed forces to the areas of their permanent stationing.” Instead, the draft simply states a commitment to Ukraine’s territorial integrity. Read more
José Manuel Barroso announces the Ukrainian aid programme on Wednesday
The EU’s announcement on Wednesday of a new €11bn aid package for Ukraine is both more and less than it first appears.
The “more” part of the package comes in the €1.6bn of so-called “macro-financial” assistance, which is the traditional kind of direct budget aid that we’ve come to recognise in eurozone bailouts. Up until the fall of Victor Yanukovich’s Russia-backed regime in Kiev, the EU had only signed up to €610m in such loans, so the extra €1bn is a significant increase.
The “less” part of the package is the estimated €8bn to come from Europe’s two development banks, the European Investment Bank and the European Bank for Reconstruction and Development. That aid is contingent on finding infrastructure projects to fund in Ukraine, which may prove a fraught exercise. In any case, it’s likely to be long-term assistance of only marginal use to the struggling technical government in Kiev right now. Read more