AGL 37.81 Decreased By ▼ -0.28 (-0.74%)
AIRLINK 142.75 Increased By ▲ 6.41 (4.7%)
BOP 9.00 Decreased By ▼ -0.20 (-2.17%)
CNERGY 5.72 Increased By ▲ 1.00 (21.19%)
DCL 9.23 Increased By ▲ 0.38 (4.29%)
DFML 39.41 Increased By ▲ 1.07 (2.79%)
DGKC 89.35 Increased By ▲ 3.90 (4.56%)
FCCL 38.29 Increased By ▲ 3.14 (8.93%)
FFBL 77.50 Increased By ▲ 1.29 (1.69%)
FFL 13.57 Increased By ▲ 0.91 (7.19%)
HUBC 109.35 Increased By ▲ 0.65 (0.6%)
HUMNL 15.20 Increased By ▲ 0.47 (3.19%)
KEL 5.82 Increased By ▲ 0.24 (4.3%)
KOSM 8.22 Increased By ▲ 0.26 (3.27%)
MLCF 44.65 Increased By ▲ 3.87 (9.49%)
NBP 74.35 Increased By ▲ 3.41 (4.81%)
OGDC 192.50 Decreased By ▼ -2.75 (-1.41%)
PAEL 27.70 Increased By ▲ 0.74 (2.74%)
PIBTL 7.97 Increased By ▲ 0.51 (6.84%)
PPL 167.70 Decreased By ▼ -0.32 (-0.19%)
PRL 26.96 Increased By ▲ 0.77 (2.94%)
PTC 20.80 Increased By ▲ 0.46 (2.26%)
SEARL 97.26 Increased By ▲ 4.51 (4.86%)
TELE 8.19 Increased By ▲ 0.35 (4.46%)
TOMCL 35.04 Decreased By ▼ -0.45 (-1.27%)
TPLP 9.91 Increased By ▲ 1.00 (11.22%)
TREET 17.35 Increased By ▲ 0.06 (0.35%)
TRG 61.15 Increased By ▲ 1.88 (3.17%)
UNITY 31.80 Increased By ▲ 0.78 (2.51%)
WTL 1.47 Increased By ▲ 0.10 (7.3%)
BR100 11,096 Increased By 194.4 (1.78%)
BR30 33,289 Increased By 635.2 (1.95%)
KSE100 103,275 Increased By 1917.6 (1.89%)
KSE30 31,969 Increased By 481.1 (1.53%)

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.