Category: Europe

  • Deutsche Boerse decleares its interest in Turkey’s Istanbul exchange

    Deutsche Boerse decleares its interest in Turkey’s Istanbul exchange

    Germany’s Deutsche Boerse has decleared its interest in Istanbul’s renewed bourse, which is looking for international partnerships with technlogy providers, market makers and investment funds.

    The newly reorganized Borsa Istanbul is looking for strategic partners in three different categories to elevate its reputation amid attention from the German bourse, which has expressed interest in the Turkish bourse’s partnership plans.

    “The first of these [categories] will be selected from among the groups that will support our technological infrastructure, enhance our market access and increase our international popularity. The second will be among the market makers that could permanently provide liquidity, and the third will be among large and private investment funds that are acknowledged as opinion leaders in the global markets,” _brahim Turhan, Borsa Istanbul’s chairman and CEO, told daily Hrriyet yesterday, adding that 40.5 percent of the stock exchange would be given to strategic partners in the three categories.

    Borsa Istanbul has already attracted attention from Germany following its recent reorganization.

    “Turkey has a spectacularly fast-growing economy between Asia and Europe,” Deutsche Boerse Corporate Affairs Deputy President Frank Herkenhoff told Anatolia news agency yesterday.

    “That’s why we are closely interested in the efforts [of Turkey] to make Istanbul an international finance center. We are interested in the plans of the Turkish government about this issue,” the Gruppe Deutsche Boerse spokesman said.

    Global interest

    Herkenhoff said the recent consolidation of the gold and stock exchanges under the single umbrella of Borsa Istanbul was an important step in Istanbul’s attempt to become a financial center, adding that the Deutsche Brse viewed possible strategic partnerships with the Turkish exchange favorably.

    “Our Bourse has an understanding to build a successfully strategic partnership with the stock market in Istanbul,” Herkenhoff added.

    The Turkish government and Borsa Istanbul have both said their next move will be to form international partnerships.

    Some media reports claimed Borsa Istanbul was in talks with information technologies (IT) departments of leading global stock exchanges including the Deutsche Brse, Nasdaq, the London Stock Exchange, the Chicago Mercantile Exchange-CME and The New York Stock Exchange (NYSE) for technology infrastructure equipment partnerships.

    After the completion of all required works by the end of 2015, bourse officials plan to offer 49 percent of the entity to the public, Turhan said.

    bne/Hurriyet Daily News

    photo verybig 143735

  • EU commissioner sees momentum in Turkey bid

    EU commissioner sees momentum in Turkey bid

    By Andreas Rinke

    EU Commissioner for Enlargement and European Neighbourhood Policy Fule speaks during a news conference in TiranaBERLIN (Reuters) – The European Union’s enlargement commissioner said he expected a breakthrough this year in Turkey’s stalled EU membership bid and welcomed Ankara’s peace talks with Kurdish rebels and reforms of its justice system.

    Turkey began talks on joining the European Union in 2005 but has only completed one of the 35 policy areas, or “chapters”, every candidate must conclude to be allowed entry due to disagreements over the divided island of Cyprus and hostility especially from France, though that is now easing somewhat.

    Commissioner Stefan Fule called on EU states to recognise Turkey’s reform efforts, to open further policy negotiations with Ankara and to show more “credibility” in the talks.

    Turkish Prime Minister Tayyip Erdogan has called Turkey’s wait to join the bloc “unforgivable” and has accused Brussels of not being a fair or genuine negotiation partner.

    Fule, a Czech, wants four further chapters to be opened this year, including the one entitled “fundamental rights”, noting this could help steer Ankara’s future reforms.

    “This chapter is the strongest transformational element that we have,” he told Reuters in an interview in Berlin.

    Turkey’s parliament last week approved a reform of its anti-terrorism laws, narrowing the definition of terrorist propaganda in line with EU demands that it boost freedom of expression.

    The changes coincide with progress in efforts by the government and Kurdish militants to negotiate an end to a 28-year insurgency.

    Fule expressed optimism there would be progress in talks on easing visa restrictions for Turks travelling to the EU.

    Fule urged Ankara to extend a customs agreement with the European Union by opening its ports to goods from Cyprus, one of the key issues hindering its ambitions to join the EU.

    Turkey has no diplomatic relations with the Republic of Cyprus, an EU member since 2004, instead backing a breakaway Turkish Cypriot entity in the north of the Mediterranean island.

    Cyprus is currently distracted by its financial crisis after it had to request emergency loans from the EU and the International Monetary Fund to avert bankruptcy, but Fule said he hoped President Nicos Anastasiades would bring “new energy and ideas” to the task of reviving stalled reunification talks.

    Anastasiades backed a 2004 U.N. plan to reunite the island, though a majority of his Greek Cypriot compatriots rejected the plan in a referendum shortly before they joined the EU. The Turkish Cypriots in the north backed the plan.

    (Writing by Alexandra Hudson, editing by Gareth Jones)

    Euronews

  • Irish call to Turkey

    Irish call to Turkey

    DUBLIN – The Irish Presidency of the EU has urged Turkey to comply with its obligation to fully implement the additional protocol and to make progress in normalizing its bilateral relations with the Republic of Cyprus.

    2013_04_18_10_36_01__3d5018adf2a5444b96565c5fe6840fd6

    Irish European Affairs Minister Lucinda Creighton speaking Wednesday before the European Parliament in Strasburg, during a discussion on Turkey’s progress report, noted that there is no progress as regards the full implementation of the additional protocol, which provides for the recognition of Cyprus.

    She also stressed that it is unfortunate that Turkey chose to freeze its relations with the EU during the Cyprus Presidency last July and urged the candidate country to normalize its relations with Cyprus.

    Creighton also referred to the need for constitutional changes in Turkey and progress in the human rights issue.

    Accession negotiations with Turkey began in October 2005. Turkey has so far managed to open 13 of the 34 chapters.

    In December 2006, due to the Turkish failure to apply the Additional Protocol to the Ankara Agreement, the European Council decided that eight relevant chapters will not be opened and no chapter will be provisionally closed until Turkey has fulfilled its commitment.

    In addition, France has frozen other five chapters, while Cyprus froze in December 2009 other six chapters. The last time that a negotiating chapter opened was during the Spanish EU presidency in June 2010.

    Turkey, whose troops have occupied Cyprus’ northern part since the 1974 invasion, does not recognise the Republic of Cyprus and refuses to normalise relations with Nicosia.

  • EP: EU and Turkey must renew their mutual engagement, MEPs say

    EP: EU and Turkey must renew their mutual engagement, MEPs say

    cb12c35f6beeb3e85647138774a6b59e

    18 April 2013 | 13:58 | FOCUS News Agency
    Home / Southeast Europe and Balkans
    Strasbourg. Renewed mutual engagement is needed to maintain constructive relations in EU-Turkey relations in the context of the negotiation process, MEPs said on Thursday, a press release of the European Parliament informs. In a resolution on the 2012 progress report on Turkey, they call for opening of negotiations on the judiciary, fundamental rights, and home affairs and praise recent talks which might help settle the Kurdish issue.
    “We need commitment from both the EU and Turkey,” said Ria Oomen-Ruijten (EPP, NL), the EP rapporteur for Turkey. “Turkey needs to step up efforts to guarantee freedom of expression, media freedom and all other fundamental freedoms in line with the values of the EU. The EU must do its utmost to support Turkey in the reform process – renewed efforts for the opening of further negotiation chapters are important,” she added.
    Judicial reform
    Reform of Turkey’s judiciary is central to its democratic consolidation and modernisation, MEPs stress. They welcome the adoption of the third and fourth judicial reform packages but insist on fully narrowing the broad definition of criminal offences, namely of the act of terrorism, shortening excessively long pre-trial detention periods and curbing the role of special courts in practice.
    To accelerate the reform process, MEPs call on the Council to open negotiations on the judiciary and fundamental rights (chapter 23) and justice, freedom and security (chapter 24).
    Women’s rights
    Parliament hails Turkey’s efforts to fight “honour killings”, domestic violence and phenomenon of forced marriages and child brides but is concerned that violence against women is still recurrent. MEPs also call for active promotion of women’s rights, education and participation in the labour market and in politics.
    Kurdish issue
    MEPs welcome direct political dialogue between the government and former PKK leader Abdullah Öcalan and say this might open the perspective of a historic agreement settling the Kurdish issue peacefully and democratically.
    Cyprus Presidency “missed opportunity”
    MEPs regret that Turkey had “missed an important opportunity to start a process of engagement and normalisation of relations with Cyprus” during the Cypriot Presidency of the Council.
    Syria and foreign affairs
    MEPs praise Turkey for its humanitarian assistance to the increasing number of Syrian refugees but insist that the EU and Turkey should also develop joint strategic vision allowing ending the tragic crisis in Syria. They also say Turkey should develop its foreign policy in closer dialogue and coordination with the EU than in 2012.
  • More Children in Greece Start to Go Hungry

    More Children in Greece Start to Go Hungry

    jp-greece1-articleLarge-v2

    Michalis Petrakis, who is jobless and whose son Pantelis has been going to school hungry, shows his nearly empty refrigerator.

    By LIZ ALDERMAN

    ATHENS — As an elementary school principal, Leonidas Nikas is used to seeing children play, laugh and dream about the future. But recently he has seen something altogether different, something he thought was impossible in Greece: children picking through school trash cans for food; needy youngsters asking playmates for leftovers; and an 11-year-old boy, Pantelis Petrakis, bent over with hunger pains.

    “He had eaten almost nothing at home,” Mr. Nikas said, sitting in his cramped school office near the port of Piraeus, a working-class suburb of Athens, as the sound of a jump rope skittered across the playground. He confronted Pantelis’s parents, who were ashamed and embarrassed but admitted that they had not been able to find work for months. Their savings were gone, and they were living on rations of pasta and ketchup.

    “Not in my wildest dreams would I expect to see the situation we are in,” Mr. Nikas said. “We have reached a point where children in Greece are coming to school hungry. Today, families have difficulties not only of employment, but of survival.”

    The Greek economy is in free fall, having shrunk by 20 percent in the past five years. The unemployment rate is more than 27 percent, the highest in Europe, and 6 of 10 job seekers say they have not worked in more than a year. Those dry statistics are reshaping the lives of Greek families with children, more of whom are arriving at schools hungry or underfed, even malnourished, according to private groups and the government itself.

    Last year, an estimated 10 percent of Greek elementary and middle school students suffered from what public health professionals call “food insecurity,” meaning they faced hunger or the risk of it, said Dr. Athena Linos, a professor at the University of Athens Medical School who also heads a food assistance program at Prolepsis, a nongovernmental public health group that has studied the situation. “When it comes to food insecurity, Greece has now fallen to the level of some African countries,” she said.

    Unlike those in the United States, Greek schools do not offer subsidized cafeteria lunches. Students bring their own food or buy items from a canteen. The cost has become insurmountable for some families with little or no income. Their troubles have been compounded by new austerity measures demanded by Greece’s creditors, including higher electricity taxes and cuts in subsidies for large families. As a result, parents without work are seeing their savings and benefits rapidly disappear.

    “All around me I hear kids saying: ‘My parents don’t have any money. We don’t know what we are going to do,’ ” said Evangelia Karakaxa, a vivacious 15-year-old at the No. 9 junior high school in Acharnes.

    Acharnes, a working-class town among the mountains of Attica, was bustling with activity from imports until the economic crisis wiped out thousands of factory jobs.

    Now, several of Evangelia’s classmates are frequently hungry, she said, and one boy recently fainted. Some children were starting to steal for food, she added. While she does not excuse it, she understands their plight. “Those who are well fed will never understand those who are not,” she said.

    “Our dreams are crushed,” added Evangelia, whose parents are unemployed but who is not in the same dire situation as her peers. She paused, then continued in a low voice. “They say that when you drown, your life flashes before your eyes. My sense is that in Greece, we are drowning on dry land.”

    Alexandra Perri, who works at the school, said that at least 60 of the 280 students suffered from malnutrition. Children who once boasted of sweets and meat now talk of eating boiled macaroni, lentils, rice or potatoes. “The cheapest stuff,” Ms. Perri said.

    This year the number of malnutrition cases jumped. “A year ago, it wasn’t like this,” Ms. Perri, said, fighting back tears. “What’s frightening is the speed at which it is happening.”

    The government, which initially dismissed the reports as exaggerations, recently acknowledged that it needed to tackle the issue of malnutrition in schools. But with priorities placed on repaying bailout funds, there is little money in Greek coffers to cope.

    Mr. Nikas, the principal, said he knew that the Greek government was laboring to fix the economy. Now that talk of Greece’s exiting the euro zone has disappeared, things look better to the outside world. “But tell that to the family of Pantelis,” he said. “They don’t feel the improvement in their lives.”

    Dimitris Bounias contributed reporting.

    A version of this article appeared in print on April 18, 2013, on page A1 of the New York edition with the headline: More Children In Greece Start To Go Hungry.

    via More Children in Greece Start to Go Hungry – NYTimes.com.

    more : 

  • Sentencing of Turkish pianist marks new low

    Sentencing of Turkish pianist marks new low

    MEP: Sentencing of Turkish pianist marks new low

    16.04.2013Posted in: Foreign Affairs, human rights, Policy Map, Timeline, Top Stories, Turkey

    Schaake1Dutch Member of European Parliament Marietje Schaake (D66/ALDE) is concerned about the sentencing of the well known Turkish pianist Fazil Say. A Turkish court sentenced Say to a suspended 10 months in jail for posting tweets in which he criticised religion and declared himself an atheist. Schaake is a long time critic of the on going erosion of the rule of law in Turkey that tramples fundamental rights. “This is only the last example in a series of sentences following criticism on religion or politics, while the statements are legal according to universal human rights and European law. The growing number of convictions leads to fear among journalists and artists and spurs self-censorship. This is a major problem and hampers the democratic reforms that Turkey so badly needs”, Schaake says.

    Statement
    The European Commission released a statement today saying Turkey has to respect freedom of expression, as enshrined in the European Convention on Human Rights, to which Turkey is a party. Schaake: “The deterioration of freedom of expression is a growing problem. As the government is becoming more authoritarian, and the Turkish judiciary threatens to lose its independence. The EU should draw its consequences if the Turkish government does not show though actions it is committed to substantial democratic and judicial reforms.”

    Accession process
    Schaake wants the EU to put freedom of expression at the heart of Turkey’s accession process. “The fact that Turkey is an important ally for the EU in facing shared challenges in the Middle East should not overshadow Turkey’s domestic human rights problems. When EU foreign policy chief Catherine Ashton recently visited Turkey she did not address these very real problems during the official press conference while these issues should be directly addressed with the Turkish government”, Schaake adds.

    Progress report
    This week the European Parliament will vote on its annual report assessing Turkey’s progress towards EU accession. Through several amendments Schaake pleads for respect for freedoms such as freedom of expression and digital freedoms as well as the rule of law in Turkey.

    ——

    For more information:

    Marietje Schaake 0031 6 3037 7921

    or her press officer Anna Sophia Posthumus 0032 484 201 518