On 27 August 1991, the Great National Assembly of the Republic of Moldova adopted the Declaration of Independence enshrining the end of Soviet Union control over the country. This year, the Independence Day is celebrated with a picturesque military parade in Piața Marii Adunări Naționale (Great National Assembly Square) involving the National Army troops and vehicles as well as divisions of the Ukrainian, Romanian, Polish and British armies.
Read MoreThe Hungarian Prime Minister Victor Orbán has spoken on the state radio announcing Hungary should place another “more massive” razor wire fence on its southern borders in case of migrants’ inflows will increase further in next months. This is just the last of a series of decisions the right-wing populist leader and the government have made after the European migrant crisis has deteriorated dramatically in 2015 and thousands of refugees left the Middle-East region to reach the EU coasts and borders.
Read MoreThe fence is going to be installed around the Storskog border point at the Norway-Russia border in a few weeks. Last year, 5,500 migrants used this border point to cross into Europe. Russia has had a 120-mile long fence at the border with Norway since the Cold War. The plans of the Norwegian government have been already criticized by the Refugees Welcome group in Norway and the Norwegian officials from the border region. Among other Nordic countries, Sweden also expressed the intentions to set up border controls and toughen asylum rules.
Read MoreAnalysts stated that now the economy is forging ahead, despite that for month Spain been awash with warnings that the country’s long-lasting deadlock threatens to harm a fragile recovery.The state has been without a fully-functioning government for eight months with squabbling political parties unable to achieve any sort of pact following inconclusive polls in December, and again in June.Acting Prime Minister Mariano Rajoy, whose conservative Popular Party came first in both polls, though without an absolute majority, is negotiating to try to form a minority or coalition government.
Read MoreThe former president of France Nicolas Sarkozy announced that he is going to run in the next presidential election. "I feel that I have strength to continue the fight, during this highly unstable moment in our history"- wrote on his Facebook profile. In 2012 he lost with Francois Hollande. In the current presidential election race his main aims are to strengthen the country's foundations and reforms such as decreasing country's spending by 100 billion Euro. In addition, he wants to focus on liberal reforms, which will boost the economy.
Read MoreAs divisions in Europe are hardening under the pressure of the large flow of refugees since WWII, experts are making the case to set the European Neighborhood Policy (ENP), thus that it is quick to adapt and make the bloc resilient to rapid geopolitical changes.“We live in an age of instability. It is beginning to sink in people’s mind. We need to develop crisis-management strategies as crisis has become part of the norm,” said Demetrios Papademetriou, co-founder of the Migration Policy Institute, and President of MPI Europe.
Read MoreToday on 17 of August five members of Slovakia’s coalition party that has the name “Siet” relinquish the party. After this decision, they concluded that members would continue to support the ruling coalition led by Prime Minister Roberto Fico. The five dissenters, who remain members of parliament, have long criticized party chief Radoslav Prochazka for authoritarian decision making. Prochazka was replaced at a congress last weekend, but the rebels oppose the young leader, Roman Berkeley. “We are leaving Siet as of today. We will continue to take part in fulfilling the government programme,” the faction said.
Read MoreThe European Commission is required to further beef up its steel trade defenses, perhaps as early as October, industry leaders say, as a worldwide trade war in the alloy intensifies and imports keep flooding into the axis. The Commission has ramped up trade defenses over the past year, slapping anti-dumping tariffs on products like reinforced bar, cold-rolled carbon steel and cold-cast stainless steel, running between 18.4 and 25.3% for imports from China. Admitting that, carbon steel imports in this year rose to 21% in May. European Union data shows that China now representing 27 percent of total imports, while stainless steel imports rose 17 percent over the period.
Read MoreItalian Prime Minister Matteo Renzi told today that it had been a mistake to personalize a referendum, due to be held later this year, in which he originally promised to submit if he died to convince voters to back the demand for constitutional change. Political uncertainty linked to the vote on proposals Renzi says will bring stability after 70 years of revolving-door government has added to concerns about fragility in the euro zone’s third-biggest economy.“I made a mistake personalizing it too much,” Renzi told party supporters at an event in Modena, northern Italy. “This is not one person’s reform; this is the reform Italy needs.”
Read MoreEuropean banking stocks are taking “suffer a blow” once again. On Tuesday 26 July as Friday's stress tests continue to weigh heavily on the minds of investors in Europe's financial sector.Banking stocks plummeted on Monday as investors got their first chance to digest the results of the European Banking Association stress tests released after markets closed on Friday night, and on Tuesday that plunge has continued, with virtually every lender on the continent in negative territory, and the STOXX Banking Index substantially in the red.
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