Source: The end of the marathon? // The Economist. – 2012. 21th February – [Electronic resourse].- http://www.Economist.Com/blogs/charlemagne/2012/02/greek-crisis

Dictionary:

bailout – спасение turmoil – нестабильность hesitation – колебание constraints – ограничения reduction – снижение roundabout – обходной

net present value – чистая приведенная стоимость to avoid – избегать enshrining – закрепление contagion - инфекция

Questions:

1. What is the reason of economical and political turmoil in Greece?

2. What is final statement of European summit?

3. What is net present account (NPV)?

4. What is segregated account?

5. What risks having EU by helping Greece?

Theme 5. Common policies of the eu in different|diverse| sectors of economy

Plan:

5.1. Enterprise policy

5.2. Research and development policy|politics| of the EU

5.3. Energy policy|politics|

5.4. Transport|cargo-carrying| policy|politics|

5.5. Fisheries policy|politics| |piscary

Keywords: enterprise, small and medium business, informative networks, scientific and technical development, research centers, direct and indirect measures, scope programs, energy, power independence, common power market, infrastructure, transport policy, transport networks, safety, fishing programs.

Literature: 2, 3, 4, 5, 6.

Question and task:

1. Program of support of enterprises and entrepreneurship.

2. Framework Programmes on scientific and technological development.

3. Information Society Technologies Program

4. Trans-European energy networks.

5. Alternative sources of energy

6. Trans-European networks (TENs)

7. Common rules on international transport in the EU.

8. Public/Private financing and development Partnerships

9. Common Fisheries Policy (CFP)

10. Common market of fishing products.

11. Multi-annual Guidance Programmes (MAGPs)

Case Studies:

Case 9 - Spain Separatism

The indignados who took to the streets of Spain in 2011 belied their name by being rather meek and just a little nerdy. One of their most passionate demands was for Spanish elections to involve more proportional representation. But today, after a year of austerity, Spaniards have cast off their restraint. Rowdy protests in Madrid and growing pressure for independence in Catalonia leave Spain at the mercy of dangerous forces, just when trouble is flaring up elsewhere in the euro zone. Investors have taken flight. Unless the Spanish prime minister and his counterparts around Europe act, the single currency itself will once again soon be at risk.

On September 25th police used rubber bullets and truncheons on protesters who had formed a human chain around the Cortes, the parliament in Madrid. Unusually for Spain, the demonstration led to injuries and arrests. That same day Catalonia’s president said that his region would hold early elections, on November 25th. Because the vote comes after the rejection by Mariano Rajoy, Spain’s prime minister, of Catalonia’s demand for more control over taxation, it will be seen as a gauge of the region’s appetite for secession.

All this hits Spain at a bad time. Its recession has no end in sight. Judging by the fiscal balance at the end of August, the government will far exceed its deficit target of 6.3% of GDP in 2012. As The Economist went to press, the government was due to announce further austerity and structural reforms, as well as details of the latest scheme to recapitalise the country’s ailing banks. Mass protests will only make Mr Rajoy’s plans harder to implement. Catalonia accounts for a fifth of the Spanish economy; the region is the biggest contributor to the central government’s budget. Secession risks plunging what is left of Spain into bankruptcy.

Full-blown Catalonian independence won’t happen soon, if it happens at all. But even a tussle over autonomy would create prolonged uncertainty just when Spain needs to reassure the bond markets and fellow euro-zone governments that its problems are in hand. Catalans have genuine grievances—over a constitutional reform that was watered down by the courts as well as the fairness of its contributions—but their region is bankrupt, too, and its economy depends on trade with the rest of Spain. By choosing to take on Mr Rajoy right now, Catalans are playing with fire.

That, though, does not let the prime minister off the hook. Regionalism in Spain is an expression of discontent, much as support for populists is elsewhere in Europe. Despite having a commanding majority and unprecedented control over the regions, Mr Rajoy has been a disappointment. He has wasted precious time, lacked ambition and failed to convince his people that he holds the solutions to their problems.

Mr Rajoy’s best weapon against regional fission is to make central government work. He should accept that Spain will need the support of the European Central Bank—which means submitting the country to an official rescue programme. Mr Rajoy fears the loss of face, but the alternative is greater humiliation for less benefit later, when Spain is in deeper trouble and his own authority is further diminished. Until this week, European policymakers thought that the euro crisis was under control at last (see Charlemagne). Spain’s new indignados have shattered that illusion.

Source: The Rage in Spain // The Economist. – 2012. - 29 ^th September – [Electronic resourse]. - http://www.economist.com/node/21563717.

Dictionary:

meek – громкий restraint – сдержанность truncheons – дубинки injures – травмы full-blown – полномасштабный

tussle – борьба uncertainty – неопределенность genuine – основания grievances – жалобы fission - деление

Questions:

1. What is the political situation in Spain?

2. Why does Catalonia want to be unplugged from Spain?

3. What are the consequences of Catalonia secession?

4. Why won’t the secession happen soon? What are the reasons?

5. What is the way out for Mr.Rajoy?