BRUSSELS: ‘ EU STATES SAY PRODUCTS MADE BY ISRAELI SETTLERS SHOULD BE MARKED IN SHOPS ‘

#AceFinanceNews – Featured Report:BRUSSELS:April.18: Sixteen EU states have said products made by Israeli settlers should be marked in shops so that European consumers can decide whether to boycott them.

The group – which includes France, Italy, Spain, and the UK – made the appeal in a letter to EU foreign relations chief Federica Mogherini on Monday (13 April).

They said “EU-wide guideline on the labeling of settlement produce/products … is an important step in the full implementation of EU longstanding policy in relation to the preservation of the two-state solution”.

They noted that “expansion of Israeli illegal settlements … threatens the prospect of just and final peace agreement”.

They add EU consumers have a right to “not being misled by false information” and “confidence in knowing the origin of goods they are purchasing”.

They also have said the retail code should in the form of binding “legislation” and that it “benefit” Palestinian exporters.

The initiative was co-ordinated by Belgium, whose foreign minister also signed the paper. The other signatories are Austria, Croatia, Denmark, Finland, Ireland, Luxembourg, Malta, Netherlands, Portugal, Sweden, and Slovenia.

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BRUSSELS INTERVIEW: ‘ EU SETS GREECE A DEADLINE TO FIND AGREEMENT WITH ITS LENDERS ‘

#AceFinanceReport – Featured Update:BRUSSELS:April.18: Forget the 24 April Eurogroup meeting in Riga. The new deadline to find an agreement between Greece and its lenders is now the next Eurogroup planned on 11 May.



In an interview with the Financial Times Friday (17 April), EU commissioner for economic and financial affairs Pierre Moscovici said Greece must "speed up" work on reforms and that the 11 May meeting "certainly must be decisive".

"The April 24 meeting in Riga must not be a wasted moment; it must be a useful moment in which we see concrete progress in catching up with those reforms".

This is the first time a top EU official has clearly indicated a date for an agreement on Greek reforms to unblock a €7.2 billon loan to the cash-strapped country.

Before now, EU sources had said that the 24 April meeting was the date when Greeks expected a deal, but that the EU was waiting for a detailed list of reforms with an assessment of their cost and revenues.

Moscovici’s statement indicates the EU is getting impatient with the left-wing government of Alexis Tsipras in Athens, but is also worried about the prospect of a possible default.

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