AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.00 Decreased By ▼ -0.99 (-0.77%)
BOP 6.68 Increased By ▲ 0.08 (1.21%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.60 Increased By ▲ 0.12 (1.42%)
DFML 41.30 Decreased By ▼ -0.18 (-0.43%)
DGKC 86.71 Increased By ▲ 0.13 (0.15%)
FCCL 32.16 Increased By ▲ 0.02 (0.06%)
FFBL 64.70 Decreased By ▼ -0.72 (-1.1%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.51 Decreased By ▼ -0.98 (-0.89%)
HUMNL 14.90 Increased By ▲ 0.15 (1.02%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.40 Increased By ▲ 0.28 (3.93%)
MLCF 41.39 Decreased By ▼ -0.26 (-0.62%)
NBP 60.60 Increased By ▲ 0.51 (0.85%)
OGDC 190.00 Decreased By ▼ -4.69 (-2.41%)
PAEL 27.81 Decreased By ▼ -0.14 (-0.5%)
PIBTL 7.75 Decreased By ▼ -0.25 (-3.13%)
PPL 149.75 Decreased By ▼ -1.42 (-0.94%)
PRL 26.73 Decreased By ▼ -0.15 (-0.56%)
PTC 16.18 Increased By ▲ 0.18 (1.13%)
SEARL 86.02 Increased By ▲ 7.82 (10%)
TELE 7.72 Increased By ▲ 0.33 (4.47%)
TOMCL 35.58 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.14 Increased By ▲ 0.23 (2.91%)
TREET 16.51 Increased By ▲ 0.62 (3.9%)
TRG 53.35 Increased By ▲ 0.59 (1.12%)
UNITY 26.28 Decreased By ▼ -0.27 (-1.02%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,889 Decreased By -31.1 (-0.31%)
BR30 30,611 Decreased By -140.9 (-0.46%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

The next 10 days could make or break a plan to reshape the European Union under new management in an attempt to revive the economy and regain trust among its half-billion people. From Monday, members of a European Parliament elected on a wave of anti-Brussels protest will subject nominees for posts on executive European Commission to hearings that could wreck the line-up and a complex new structure proposed by its incoming president, Jean-Claude Juncker.
The former Luxembourg prime minister has presented his team as "political, not technocratic", featuring several former premiers and fewer career bureaucrats.
But lawmakers are uneasy about several of his appointments and the nominees from Britain, France, Spain and Hungary face a torrid interrogation. By giving Britain's Jonathan Hill control of banking and Frenchman Pierre Moscovici charge of budget discipline, he aims to turn poachers into gamekeepers, winning London over to common EU financial rules and Paris to reforming state spending. Hill's hearing is on Wednesday and Moscovici's on Thursday.
His proposals have support from national leaders, including centre-right ally German Chancellor Angela Merkel. One senior envoy in Brussels called Hill's nomination a "masterstroke". But many in parliament have yet to be convinced, either by the nominees or by a new, two-tier hierarchy in the Commission. The structure is meant to filter and restrain the flood of EU laws that angers many voters and focus on a few priorities, notably reviving an economy blighted by unemployment and responding to growing support for anti-EU nationalists by delivering popular, visible results. Critics say it could lead to turf wars and blur Commissioners' responsibilities.

Copyright Reuters, 2014

Comments

Comments are closed.