The European Parliament (EP)’s prestigious Sakharov Prize for Freedom of Thought was awarded to a jailed Chinese human rights activist and political dissident, Hu Jia whose field of work ranges from environmental causes to HIV/AIDS advocacy and a prominent voice calling for an official enquiry into the 1989 Tiananmen Square massacre.
The European Parliament every year since 1988 awards the Sakharov Prize for Freedom of Thought, in honour of the Soviet physicist and political dissident Andrei Sakharov. Individuals or global organisations are eligible if they have made a mark in the field of the fight for human rights or democracy.
Announced on October 23, on the eve of the 7th ASEM (Asia-Europe Meeting), hosted by Beijing on October 24-25, the award is an open snub to the Chinese officials who had warned that they would consider it an affront.
Hu Jia is in prison and is stated to be in poor health with stomach problems. “To present this type of prize to a criminal amounts to interference with China's judicial sovereignty, and also shows disrespect towards human rights,” spokesman Qin Gang of China's Ministry of Foreign Affairs was cited as saying before the award announcement was made in Strasbourg at the Plenary session of the European Parliament, the only directly elected European institution.
With the formal acceptance of six new members, Bulgaria, India, Mongolia, Pakistan, Romania and the ASEAN (Association of the Southeast Asian Nations) Secretariat, the gathering is set to swell the membership to 45.
According to political pundits, the Summit will be more a testing ground for the new arrivals with agenda being overshadowed by ongoing global financial events.
Yeo Lay Hwee, senior research fellow at the Singapore Institute of International Relations and Associate Director of the EU Centre based in Singapore warned, “we must not expect too much or we will be disappointed,” as ASEM is “not a venue for negotiations,” but “an ideal platform for testing new and evolving ideas.”
She was addressing a select gathering of diplomats, academics and journalists at a Brussels event titled, “Injecting new momentum into ASEM, an uphill struggle?” organised by Brussels based think-tank “European Policy Centre,” (EPC).
Addressing the audience Geoffrey Barret, senior advisor for Asia at the European Commission said, “ASEM is based entirely on political will,” and outlined four building blocks of the ASEM platform: Climate negotiations, Development co-operation on Millienuium Development Goals, Labour employment and social cohesion, Human rights.
With Hu Jia being bestowed with European prize, “human rights,” are set to be a thorny issue even if global financial crisis is supposed to hog the limelight.
Showing posts with label Singapore. Show all posts
Showing posts with label Singapore. Show all posts
Friday, October 24, 2008
Tuesday, October 21, 2008
EU looks forward to taming Asian giants at ASEM Beijing Summit
French President Nicolas Sarkozy, the current holder of rotating EU Presidency on Tuesday (October 21) announced his intentions to bring China and India to the international negotiating table slated for next month to streamline global financial reforms aimed at international financial institutions including International Monetary Fund (IMF).
Addressing the Plenary Session of the European Parliament at its Strasbourg seat, Sarkozy said, “With (European Commission) President (Jose Manuel) Barroso, we are going to visit China, the aim being also to convince China and India to take part in this summit.”
Reiterating, “This is a global crisis so the response can only be global,’’ the EU Council President asked, “Who will take part in this summit?”
“There are a lot of different schools. I believe the most straightforward thing would be the G8, obviously with Russia. We need to add the G5 to that, obviously with China and India,’’ Sarkozy said answering his own question.
Beijing is hosting the 7th ASEM (Asia-Europe Meeting) on October 24-25 and with the formal acceptance of six new members, Bulgaria, India, Mongolia, Pakistan, Romania and the ASEAN (Association of the Southeast Asian Nations) Secretariat, the gathering is set to swell the membership to 45.
According to political pundits, with the presence of Asian economic heavy weights China and India along with arch-rivals Pakistan and India, the Summit will be more a testing ground for the new arrivals with agenda being overshadowed by ongoing global financial events.
Yeo Lay Hwee, senior research fellow at the Singapore Institute of International Relations and Associate Director of the EU Centre in Singapore warned, “we must not expect too much or we will be disappointed,” as ASEM is “not a venue for negotiations,” but “an ideal platform for testing new and evolving ideas.”
Addressing a select gathering of diplomats, academics and journalists at an event titled, “Injecting new momentum into ASEM, an uphill struggle?” organised by Brussels based think-tank “European Policy Centre,” (EPC) on Monday (October 20), Lay Hwee pointed that there was no doubt that China will deliver “a superbly organised and executed meeting.”
Quoting the theme of the Summit, “Vision and Action --Towards a Win-Win Solution,” she said, “Taking ASEM for what it is, an informal dialogue form, one should be realistic and not expect anything beyond a talk fest, the outcome of which will be more declarations noting the challenges ahead and stating common positions on some of the issues.”
Going down the memory lane, Lay Hwee said, “Ten years ago, the EU agreed to help (Asian) member states affected by the Asian financial crisis and today we have another financial crisis.” Citing, “crisis brings opportunity,” she added, “ASEM, not to look irrelevant, must make an impact.”
“We expect to consolidate progress made at the Helsinki (Summit) in 2006,” hoped Geoffrey Barret, senior advisor for Asia at the European Commission. Addressing the audience Barret said, “ASEM is based entirely on political will,” and outlined four building blocks of the ASEM platform:
Climate negotiations, Development co-operation on Millienuium Development Goals, Labour employment and social cohesion, Human rights.
BURMA IN, NO NORTH KOREA
On the question of Burma, Lay Hwee said, “the EU changed attitude saying better to engage than to leave them alone.”
Professor Xing Hua, senior researcher and director, Centre for EU studies, CIIS, added, “If we are patient and skillful, we can help Burma to seek solutions to their internal problems.”
No speaker on the panel responded to the question of participation of North Korea in ASEM as China, the mentor of North Korea was holding the Summit.
FINANCIAL PERSPECTIVE
Moreover, Barret said he expected another declaration on international financial development adding that ASEM 7 will be the largest event ever hosted by the Chinese after the Olympic games representing 60 percent of the world population and 60 percent of global trade.
Founded in 1996, with 27 members, ASEM is going to be 45 members strong at Beijing and is looked at as the main multilateral channel for communication between Asia and Europe and six summits have taken place till date.
According to figures released on Monday (October 20) by the European Union’s statistics bureau Eurostat, the EU exports between 2000 and 2007, to the 16 Asian countries in ASEM rose from 146 billion Euro to 228 billion, while imports increased from 285 billion to 459 billion Euro.
The Asian countries accounted for more than a quarter of the EU's total external trade in goods in 2007. However, their trade with EU showed very different patterns between 2000 and 2007.
Among the 16 Asian countries, China was not only the leading destination for EU exports in 2007, accounting for 31 percent of the total, but also the leading source of EU imports, according to Eurostat.
Addressing the Plenary Session of the European Parliament at its Strasbourg seat, Sarkozy said, “With (European Commission) President (Jose Manuel) Barroso, we are going to visit China, the aim being also to convince China and India to take part in this summit.”
Reiterating, “This is a global crisis so the response can only be global,’’ the EU Council President asked, “Who will take part in this summit?”
“There are a lot of different schools. I believe the most straightforward thing would be the G8, obviously with Russia. We need to add the G5 to that, obviously with China and India,’’ Sarkozy said answering his own question.
Beijing is hosting the 7th ASEM (Asia-Europe Meeting) on October 24-25 and with the formal acceptance of six new members, Bulgaria, India, Mongolia, Pakistan, Romania and the ASEAN (Association of the Southeast Asian Nations) Secretariat, the gathering is set to swell the membership to 45.
According to political pundits, with the presence of Asian economic heavy weights China and India along with arch-rivals Pakistan and India, the Summit will be more a testing ground for the new arrivals with agenda being overshadowed by ongoing global financial events.
Yeo Lay Hwee, senior research fellow at the Singapore Institute of International Relations and Associate Director of the EU Centre in Singapore warned, “we must not expect too much or we will be disappointed,” as ASEM is “not a venue for negotiations,” but “an ideal platform for testing new and evolving ideas.”
Addressing a select gathering of diplomats, academics and journalists at an event titled, “Injecting new momentum into ASEM, an uphill struggle?” organised by Brussels based think-tank “European Policy Centre,” (EPC) on Monday (October 20), Lay Hwee pointed that there was no doubt that China will deliver “a superbly organised and executed meeting.”
Quoting the theme of the Summit, “Vision and Action --Towards a Win-Win Solution,” she said, “Taking ASEM for what it is, an informal dialogue form, one should be realistic and not expect anything beyond a talk fest, the outcome of which will be more declarations noting the challenges ahead and stating common positions on some of the issues.”
Going down the memory lane, Lay Hwee said, “Ten years ago, the EU agreed to help (Asian) member states affected by the Asian financial crisis and today we have another financial crisis.” Citing, “crisis brings opportunity,” she added, “ASEM, not to look irrelevant, must make an impact.”
“We expect to consolidate progress made at the Helsinki (Summit) in 2006,” hoped Geoffrey Barret, senior advisor for Asia at the European Commission. Addressing the audience Barret said, “ASEM is based entirely on political will,” and outlined four building blocks of the ASEM platform:
Climate negotiations, Development co-operation on Millienuium Development Goals, Labour employment and social cohesion, Human rights.
BURMA IN, NO NORTH KOREA
On the question of Burma, Lay Hwee said, “the EU changed attitude saying better to engage than to leave them alone.”
Professor Xing Hua, senior researcher and director, Centre for EU studies, CIIS, added, “If we are patient and skillful, we can help Burma to seek solutions to their internal problems.”
No speaker on the panel responded to the question of participation of North Korea in ASEM as China, the mentor of North Korea was holding the Summit.
FINANCIAL PERSPECTIVE
Moreover, Barret said he expected another declaration on international financial development adding that ASEM 7 will be the largest event ever hosted by the Chinese after the Olympic games representing 60 percent of the world population and 60 percent of global trade.
Founded in 1996, with 27 members, ASEM is going to be 45 members strong at Beijing and is looked at as the main multilateral channel for communication between Asia and Europe and six summits have taken place till date.
According to figures released on Monday (October 20) by the European Union’s statistics bureau Eurostat, the EU exports between 2000 and 2007, to the 16 Asian countries in ASEM rose from 146 billion Euro to 228 billion, while imports increased from 285 billion to 459 billion Euro.
The Asian countries accounted for more than a quarter of the EU's total external trade in goods in 2007. However, their trade with EU showed very different patterns between 2000 and 2007.
Among the 16 Asian countries, China was not only the leading destination for EU exports in 2007, accounting for 31 percent of the total, but also the leading source of EU imports, according to Eurostat.
Sunday, November 25, 2007
Euro rally worries EU
ECB to take action; Merkel, Barroso express concern
Money is talk of the town and money, “The social lubricant” with a near free-fall of the US dollar, is sending ripples across the globe affecting all quarters of life. The steady fall of the American dollar against other global currencies and the meteoric rise of the nascent European currency, the Euro, is making financial pundits act and react.
Acknowledging the reemergence of tension in money markets, the European Central Bank (ECB) announced, “To counter the re-emerging risk of volatility, the ECB intends to reinforce in the upcoming main refinancing operation, as well as in the following ones for as long as it is needed and at least until after the end of the year, its policy of allocating more liquidity than the benchmark amount in main refinancing operations.” The benchmark amount is an estimate of the liquidity needed by banks to fulfil their minimum reserve requirements.
“In line with its communication of October 8th, the ECB will continue to closely monitor liquidity conditions, consistently with its aim to limit the volatility of very short term rates around the main refinancing operations minimum bid rate,” the bank in a move aimed at financial markets said.
Reiterating faith in the earlier ECB actions as “effective and flexible,” ECB president Jean- Claude Trichet said, “Looking ahead, and in line with its previous communications and actions, the ECB will continue to steer very short term interbank rates close (to) the minimum bid rate.”
Commenting on the strength of the Euro becoming a problem for some European exporters, German Chancellor Angela Merkel told N24 television on November 22 that the strong Euro and high oil prices pose a risk to the country’s economy — Europe’s largest. “We are pleased that Europe has a strong currency, but this obviously also creates problems for exports,” she said adding, “We are working on an international level to balance currency imbalances reasonably.”
European Commission President Jose Manuel Barroso echoed her sentiments last week. Speaking on the side lines of an EU-ASEAN Summit in Singapore, Barroso said, “It’s true that the very strong Euro is becoming a concern to some export sectors in some parts of the European economy.”
The European Commission this month cut its forecast for 2008 Eurozone economic growth to 2.2 percent from 2.5 percent.
In related fallout in the industry, Airbus CEO Thomas Enders said the Euro has now “crossed the pain threshold” and that the rate of the dollar’s fall “hardly leaves room for reasonable adapting.” “That is lifethreatening,” he was quoted by Der Spiegel magazine as telling the company worker’s council in Hamburg on November 22.
Although the company is expecting a record number of orders, it still must reckon with “tremendous losses,” he said. But the German economics ministry reacted the next day saying it is up to the aircraft maker Airbus and not the government to estimate the impact of the strong Euro on the company’s performance. “Only the company itself can assess how threatening such a development is for the company,” said an economics ministry spokeswoman. “Only the company can say to which degree the Euro has contributed to its development.”
Moreover, there is a flip side of the strong Euro as was pointed out by Merkel’s deputy economics minister. The rising Euro is damping the effect of rising oil prices, noted Bernd Pfaffenbach, who is also Merkel’s advisor on the Group of Eight industrial nations’ issues.
Recalling the worries during the birth of the European currency that Euro will even stay weaker than the Deutsche Mark, Pfaffenback welcome the news that China has announced plans to shift its currency reserves into Euro adding, “This shows a growth in faith in the European currency.”
Although burdened with strikes and transport chaos at home and silent directly on the rising Euro, French President Nicolas Sarkozy was about to address the currency issue during talks with Chinese leaders in Beijing.
According to media reports, a senior French official was cited as saying that Sarkozy will make proposals for an “equitable and fair” relationship among four major currencies - the US dollar, Euro, Japanese Yen and Chinese Yuan.
The common currency for the 13-nation Eurozone is hovering close to the USD 1.50 mark against the American dollar, breaking all records.
Money is talk of the town and money, “The social lubricant” with a near free-fall of the US dollar, is sending ripples across the globe affecting all quarters of life. The steady fall of the American dollar against other global currencies and the meteoric rise of the nascent European currency, the Euro, is making financial pundits act and react.
Acknowledging the reemergence of tension in money markets, the European Central Bank (ECB) announced, “To counter the re-emerging risk of volatility, the ECB intends to reinforce in the upcoming main refinancing operation, as well as in the following ones for as long as it is needed and at least until after the end of the year, its policy of allocating more liquidity than the benchmark amount in main refinancing operations.” The benchmark amount is an estimate of the liquidity needed by banks to fulfil their minimum reserve requirements.
“In line with its communication of October 8th, the ECB will continue to closely monitor liquidity conditions, consistently with its aim to limit the volatility of very short term rates around the main refinancing operations minimum bid rate,” the bank in a move aimed at financial markets said.
Reiterating faith in the earlier ECB actions as “effective and flexible,” ECB president Jean- Claude Trichet said, “Looking ahead, and in line with its previous communications and actions, the ECB will continue to steer very short term interbank rates close (to) the minimum bid rate.”
Commenting on the strength of the Euro becoming a problem for some European exporters, German Chancellor Angela Merkel told N24 television on November 22 that the strong Euro and high oil prices pose a risk to the country’s economy — Europe’s largest. “We are pleased that Europe has a strong currency, but this obviously also creates problems for exports,” she said adding, “We are working on an international level to balance currency imbalances reasonably.”
European Commission President Jose Manuel Barroso echoed her sentiments last week. Speaking on the side lines of an EU-ASEAN Summit in Singapore, Barroso said, “It’s true that the very strong Euro is becoming a concern to some export sectors in some parts of the European economy.”
The European Commission this month cut its forecast for 2008 Eurozone economic growth to 2.2 percent from 2.5 percent.
In related fallout in the industry, Airbus CEO Thomas Enders said the Euro has now “crossed the pain threshold” and that the rate of the dollar’s fall “hardly leaves room for reasonable adapting.” “That is lifethreatening,” he was quoted by Der Spiegel magazine as telling the company worker’s council in Hamburg on November 22.
Although the company is expecting a record number of orders, it still must reckon with “tremendous losses,” he said. But the German economics ministry reacted the next day saying it is up to the aircraft maker Airbus and not the government to estimate the impact of the strong Euro on the company’s performance. “Only the company itself can assess how threatening such a development is for the company,” said an economics ministry spokeswoman. “Only the company can say to which degree the Euro has contributed to its development.”
Moreover, there is a flip side of the strong Euro as was pointed out by Merkel’s deputy economics minister. The rising Euro is damping the effect of rising oil prices, noted Bernd Pfaffenbach, who is also Merkel’s advisor on the Group of Eight industrial nations’ issues.
Recalling the worries during the birth of the European currency that Euro will even stay weaker than the Deutsche Mark, Pfaffenback welcome the news that China has announced plans to shift its currency reserves into Euro adding, “This shows a growth in faith in the European currency.”
Although burdened with strikes and transport chaos at home and silent directly on the rising Euro, French President Nicolas Sarkozy was about to address the currency issue during talks with Chinese leaders in Beijing.
According to media reports, a senior French official was cited as saying that Sarkozy will make proposals for an “equitable and fair” relationship among four major currencies - the US dollar, Euro, Japanese Yen and Chinese Yuan.
The common currency for the 13-nation Eurozone is hovering close to the USD 1.50 mark against the American dollar, breaking all records.
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