Greece, Draghi, WTO and data protection: European Week Ahead June 15 to 19

European Central Bank President, Mario Draghi, speaking at a press conference in Frankfurt last week after a meeting of the Executive Board of the ECB.

Associated Press

Yet another meeting "to do everything or nothing" in Greece by the European Union this week, provided that the Brussels talks after the publication of this blog has had no significant results. Earlier this week, one of the major players in the Greek myth - European Central Bank President, Mario Draghi, - the stage in the European Parliament.

Widely considered to be the sheet, when the crisis in the euro zone have switched - - We are also on the EU leaders meeting in Luxembourg, when the policy "big bazooka" Draghi 2012 talk was legal or not.

In Luxembourg, where the Minister their monthly meetings twice a year, the Minister for Justice and Home Affairs, to the legislation on data protection in the EU has been promoting in negotiations for more than three years. And on the subject of migration, the fight goes on distributing refugees more evenly among EU countries.

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Here are five things to consider in the next week:

1. The negotiations between Greece and its international creditors to a showdown on Thursday when the national debt is directed dominated discussions on the euro zone finance ministers. They will be joined by their colleagues from the rest of the EU on Friday. After the meeting, the Greek government should its economic plan needed revisions in exchange for rescue funds urgently presented required. If the plans of the first institutions that will be assessed to monitor the bailout of the country, is considered sufficient, the Assembly may conclude an agreement to get from Athens to liquidity. If not, then the risk that Greece will pay its debts at the end of the month is increasing.
2. One of Greece's creditors, the European Central Bank on Tuesday is one of the High Court of the EU ruling to hear - European Court - if a program currency transactions to buy government bonds Winner call is legal or not. The program was then newly appointed in 2012 by Mr Draghi, the "do whatever is necessary" to ensure that a spiral crisis of the sovereign debt of Italy and Spain did not promise to return the entire area announced euro. "Big Bazooka" Mr Draghi, as it is called at the time, the ECB would have allowed unlimited amounts of government bonds to buy if a country in the euro zone by market pressure. The country would have to be a program of economic reforms under the supervision of the EU institutions to subscribe. The regime has never been used, but the mere possibility that have worked to stabilize borrowing costs began to wane and the crisis in the euro zone. However, the German applicants took the plan to court, arguing that the ECB exceeded its mandate. A non-binding opinion of the judge of the court in January said the plan was legal. The Court then, in most cases the management of the call General Counsel.
3. Minister of the Interior in Luxembourg the EU Immigration policy other than another clash on Tuesday. Is likely to discuss whether an EU-wide mandatory or voluntary system to distribute the load of asylum seekers so. The countries of Central and Eastern Europe dig their heels against mandatory quotas, arguing that they do not have the facilities and the support of their companies to the Middle East and Africa, which is automatically distributed on their territory. It was expected no decision, the EU leaders are meeting next week to discuss this issue, among others. "But it is a good opportunity to put some pressure in the East and some may want to consider his arguments," said one European diplomat.
4. Meanwhile, on Monday, the Minister of Justice in Luxembourg is likely in the data protection legislation of the EU that are likely to have to make an impact on technology companies in the United States in Europe, should be encouraged. The agreement - the agreement between the governments on how to be negotiated with the European Parliament - is regarded as a breakthrough, because the European Union legislature has formulated its negotiating position than a year ago. It is expected that the talks between the EU governments and the parliament to start next week, with the possible final agreement before the end of the year.
5. Back in Brussels, an "Action Plan" on company taxation and a new impetus for a "common consolidated EU tax" throughout the EU, we have presented on Wednesday by the Commissioner of the economy and taxes in the EU Pierre Moscovici. The plan must be approved unanimously by the 28 EU governments. Otherwise could support some countries preceded the so-called "enhanced cooperation." Or not.