Ημερολογιο Ευρωπαϊκου Σουρεαλισμου

Γράφει ο Πόρτα – Πόρτα

29 November: German Constitutional Court to rule on EFSF amendment law. Several weeks ago the Constitutional Court imposed a temporary  injunction on Germany’s EFSF amendment law, overruling the government’s proposed 9-person parliamentary committee for taking rapid action  decisions on EFSF

deployment. If this ruling is upheld, the government will have to table an amendment and vote it through. We view this as  technical only and do not anticipate problems. The 41-person parliamentary budget committees will make the decisions instead. This will be slightly less efficient.

29 November: Italy auction. Bonds.

29 November: Belgium auction. Bills.

29 November: Portuguese Budget. The final vote on the 2012 budget is due in parliament.

29-30 November: Eurogroup/ECOFIN Finance Ministers meetings. As of now, this is the last scheduled EU finance ministers meeting of 2011. On the formal agenda are bank capital requirements and the 9 December European Council meeting, specifically as regards economic policy.

December

December (tbd): New Greek loan programme to be approved. The 26 October statement from the European Council (heads of state) claimed the new loan programme would be approved by the end of the year and the bond exchange would take place at the beginning of 2012.

1 December: Draghi at European Parliament. ECB President Mario Draghi will present the 2010 ECB Annual Report to the European Parliament. This will be an opportunity to listen to the new ECB President’s views on the crisis, its resolution and the role the ECB can play.

1 December: Greek strike. The ADEDY and GSEE union bodies will hold the latest 24-hour strike against austerity measures.

1 December: Spain auction. Bonds.

1 December: France auction. Bonds.

2 December: Anglo-French summit. French President Sarkozy and British PM Cameron to hold annual summit meeting.

3 December: Greek budget. Discussion of 2012 Budget in parliament.

4 December: Slovenian parliamentary elections. After the defeat of the centre-left coalition, led by the Social Democrats (SD), in a confidence vote  in September, opinion polls indicate a race between the centre-right Slovenian Democratic Party (SDS), under the previous PM Janez Jansa, and two new parties: a centre-left party led by the mayor of Ljubljana, and a centrist party (Citizens’ List) led by Gregor Virant, a former SDS minister of public administration. Virant who turns out second after SDS in most polls suffered a setback this week. It became public that he received unemployment compensation available to former ministers in the year after his term, despite earning a substantial income from consulting and lecturing. Although he redeemed extra payments immediately and legal consequences seem unlikely, his party may lose ground and put SDS in a clear lead. Election campaigns are dominated by domestic issues as Slovenia faces pressing structura