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Election aftermath – MEPs to watch on economic and financial policy

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Election aftermath – MEPs to watch on economic and financial policy

The European Parliament is establishing new political groups and leadership, with the first constituent plenary session on 16-19 July – Euronews has earmarked MEPs likely to shape economic and finance policy in the new assembly.

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A new parliament is being shaped around the powerful central European People’s Party group with its coalition Socialist & Democrat, green and liberal allies, but with a strengthened far right adding fresh impetus and uncertainty to the process – all of which could affect the development of financial policies over the next five years.  

While there is growing desire among lawmakers to focus more on enforcement and implementation before more regulation, there are widespread differences among the political groups on how to boost longer term economic growth.  

“One key reason for Europe’s poor economic performance is low productivity, the lack of financing available for high-potential, high-risk businesses, and the barriers to innovative European firms building scale across the Union,” researchers from the think tank Centre for European Reform (CER) wrote in a post-election analysis.  

“Populist and far-right parties are likely to be a hindrance to many of these steps,” the CER analysts added, noting that reforms such as those needed to strengthen Capital Markets Union will probably be occupy the agenda of centrist MEPs.  

Also on the to-do list is the digital euro project, which aims to provide consumers with an alternative means of payment, and the revision of EU rules on payment services, where the Parliament wants to make online platforms liable for payment fraud.   

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But who is most likely to influence these and other dossiers through a newly formed economic and finance committee in the Parliament?  

More than 25 full members of the Parliament’s economic committee are expected to be back for another five years, according to a Euronews analysis based on available provisional results. 

Among them are both committee chair Irene Tinagli (Italy/Socialists & Democrats) and vice-chairs Markus Ferber (Germany/EPP), Stéphanie Yon-Courtin (France/Renew Europe), Jonás Fernández (Spain/S&D) and Johan Van Overtveldt (Belgium/ECR). 

Others weren’t so lucky.  

Romanian liberal economist Dragoș Pîslaru, professor Marek Belka (Poland/S&D) and Eva Poptcheva (Spain/EPP), who led work to create a new anti-money laundering agency, were not re-elected.   

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As the veterans check our pre-election list  take up their old roles alongside fresh faces – Euronews took a look at some of the interesting newcomers who might be destined for the committee. 

Five to watch:  

1. Sophie Wilmès (Belgium/Renew Europe)

Wilmès (49) is a former Belgian prime minister, the first woman to hold the position, and the successor to current European Council president Charles Michel.   

The Belgian led the list of the liberal Mouvement Reformateur (MR) party, which won around 540,000 votes in the June elections – equivalent to three of 22 seats.  

The MR’s top candidate studied communications and financial management, and also worked for a time as a financial officer for the European Commission and as a financial and economic consultant for a law firm.    

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In 2015, she was budget and civil service minister until she became prime minister of Belgium from October 2019 to October 2020, when she also took on the role of deputy prime minister and foreign affairs minister.   

In the summer of 2022, she stepped down from her roles for personal reasons – but is now ready to shape EU policy.   

2. João Cotrim de Figueiredo (Portugal/Others)

Another interesting profile is that of businessman and a politician, liberal João Cotrim de Figueiredo (62).   

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Cotrim de Figueiredo won one of two seats for the Iniciativa Liberal (Liberal Initiative) party for the first time in the EU elections.   

An MBA holder and economics graduate with experience in the financial sector, between 2013 and 2016, he was chairman of the board of directors of Turismo de Portugal, and only became a politician in 2019, when he was elected as a deputy for the Lisbon constituency in the 2019 Portuguese legislative elections. 

3. Pasquale Tridico (Italy/NI)

Tridico (48) holds a PhD in Economics from the University Roma Tre and served as president of the National Institute of Social Security (INPS) from 2019 to 2023.  

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He was involved in the reform of the Italian pension system and the implementation of a so-called ‘citizenship income’ initiative, a minimum income scheme, which might inspire his activity as an MEP.   

“The idea of a European basic income financed by all, with an increase in the European budget, and used on the basis of need, where the crisis bites the most, would amortise the social spending of a state,” Tridico said in an interview last year. 

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The Italian has published articles on economic growth, welfare models, sustainable development and inequality in various academic journals – and teaches courses on economic policy and labour economics.   

Now it’s his turn to shape future policy with the Five Star Movement party.    

4. Fabio de Masi (Germany/Others)

German-Italian MEP Fabio de Masi (44) was the leading candidate of Sahra Wagenknecht’s Alliance, a newly formed party put together by former members of Die Linke.   

He (and his party, which won six seats) will be another to watch in the next mandate.   

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De Masi is an economist and has some previous experience in the European Parliament, where he was a member until 2017.   

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The economist was a member of the finance committee, as well as vice-chairman of a special committee investigating money laundering and tax evasion, due to his strong credentials in the fight against corruption.  

During his time in the German parliament (2017-2021), he headed an investigation into the collapse of German payments company Wirecard.    

5. Sérgio Gonçalves (Portugal/S&D)

In March Portugal went to the polls and saw a change of regime after eight years of Socialist-led government headed by Antonio Costa.   

A coalition of conservative forces won the national elections and the Portuguese Socialist Party decided to change its strategy for the EU elections.

Gonçalves, 45, is part of that new generation of Portuguese Socialists in Brussels and Strasbourg, with eight members – only one fewer than the last mandate.  

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From 2022 to 2023, he led the Portuguese Socialist Party in Madeira.   

Gonçalves has dedicated his professional career to the business sector, holding a degree in economics and a master’s degree in international management.   

MEPs will hold their first parliamentary committee meetings between 22 and 25 July.   

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Death toll reaches 6 in Mexican tequila distillery blast

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Death toll reaches 6 in Mexican tequila distillery blast

Rescue teams on Wednesday found another body at a tequila distillery in Mexico a day after an explosion and fire, bringing the death toll to six. Two workers were injured.

The factory belongs to the Jose Cuervo company, one of Mexico’s most famous tequila brands.

POSEIDON VS. CHAAC: MEXICO ‘CANCELS’ STATUE OF GREEK GOD AFTER COMPLAINT FROM MAYA INDIGENOUS GROUPS

The local civil defense posted on X that the latest body was found in a waste area where large containers had collapsed.

A Mexican flag waves in front of The National Palace, the office of the president, in Mexico City’s main square, the Zocalo, at sunrise, April 24, 2023. (AP Photo/Marco Ugarte)

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The company on Tuesday said the explosion occurred as employees were carrying out maintenance work. Authorities on Tuesday night said the situation was under control, but on Wednesday morning a fire broke out in a storage area with cardboard and other materials.

The town of Tequila is about 375 miles northwest of Mexico City. Overlooked by a volcano and surrounded by plantations of agave, the plant from which the liquor is produced, life in the municipality of 40,000 residents revolves around tequila production and the tourism it generates.

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Paris Olympics: Pitch stormings and Israel jeering marr opening games

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Paris Olympics: Pitch stormings and Israel jeering marr opening games

Paris Olympics day one summary and scores. Argentina-Morocco football game suspended for nearly two hours amid pitch invasions, as Israel’s national anthem jeered loudly before Mali clash in Paris.

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The Paris 2024 Olympic Games opened with a surprising 2-1 victory by Morocco’s men’s football team against pan-American champions Argentina, in Saint-Étienne, in a chaotic game that was suspended for nearly two hours after multiple individuals stormed the pitch.

Another stunning result came from Bordeaux, where Japan thrashed Paraguay 5-0, while France pleased the home crowds with a comfortable 3-0 win over the US.

The hosts got off to a less sparkling start in men’s rugby sevens, as they beat Uruguay 19 to 12 but tied with the US 12-12.

Tokyo 2020 gold medallists Fiji defeated the US too, 38-12, as well as Uruguay, 40-12, while Ireland overcame reigning world champions South Africa 10 to 5, who also lost to New Zealand 17-5.

Full football and rugby scores below.

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Israel’s national anthem loudly jeered before football clash against Mali

Israel’s national anthem was loudly jeered before the kick-off of their opening Olympic game against Mali at Paris Parc des Princes in Paris on Wednesday.

The game began with a massive security presence outside the stadium amid an increasingly strained international climate that has France’s safety efforts squarely in the spotlight.

The Israeli team arrived under a heavy police escort, with motorbike riders at the front and about a dozen riot police vans following behind.

Armed police officers patrolled the Parc des Princes stadium, although the atmosphere outside the venue was calmer.

Mali fans sang proudly when their anthem was played first. When it came to Israel’s anthem, boos and whistles immediately rang out. The stadium speaker system playing the anthems then got notably louder in what seemed like an effort to drown out the jeers.

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Once play began, Israeli players were booed each time they touched the ball. Security officials intervened in what appeared to be a heated argument between some fans.

Several fans on the Mali stands were holding Palestinian flags.

Morocco stun pan-American champions Argentina following nearly two-hour game suspension

Morocco secured a wild 2-1 win over Argentina at the start of the Olympic men’s football tournament on Wednesday – but not before furious fans invaded the pitch to protest what appeared to be an equaliser in the 16th-minute of stoppage time.

Objects were thrown onto the field and security had to restrain fans, causing the game in Saint-Etienne to be suspended for nearly two hours and the crowd being told to leave the stadium.

The goal was eventually ruled offside just before play resumed, sparking celebrations from Morocco players as the final minutes concluded.

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It was a chaotic and dramatic start to the tournament after Argentina, which won gold medals at the 2004 and 2008 Olympics, and are viewed as the favourites in France, mounted a comeback after going 2-0 down on goals from Soufiane Rahimi.

Giuliano Simeone struck in the 68th minute and Argentina peppered Morocco goalkeeper Munir El Kajoui with shots before Medina’s header from close range appeared to tie it.

That caused outrage from Morocco fans, who rushed the field, while others threw trash, and the game was officially put on hold.

Rahimi had put Morocco ahead in first-half stoppage time, then converted on a penalty kick in the 49th, which proved to be the decisive goal against an Argentina team that included four members of the squad that won the 2022 World Cup in Qatar.

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Hosts France off to good start in football

Stunning goals from Alexandre Lacazette and Michael Olise helped France to a 3-0 victory over the United States. Loic Bade added the third with a late header to seal a win that had looked in doubt until former Arsenal striker Lacazette struck with a long-range effort in the 61st minute in Marseille.

The host nation had to ride their luck against an American team that saw a shot from Djordje Mihailovic hit the crossbar when the game was still goalless. Lacazette’s goal came almost immediately after.

Paris Olympics day 1 results

Men’s Football, group stage

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  • Argentina 1-2 Morocco
  • Uzbekistan 1-2 Spain
  • Guinea-New 1-2 Zealand
  • Egypt 0-0 Dominican Republic
  • Iraq 2-1 Ukraine
  • Japan 5-0 Paraguay
  • France 3-0 US
  • Mali 1-1 Israel

Rugby sevens, men’s pool

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  • Australia 21-14 Samoa
  • Argentina 31-12 Kenya
  • France 12-12 US
  • Fiji 40-12 Uruguay
  • Ireland 10-5 South Africa
  • New Zealand 40-12 Japan
  • Australia 21-17 Kenya
  • Argentina 28-12 Samoa
  • France 19-12 Uruguay
  • Fiji 38-12 US
  • Ireland 40-5 Japan
  • New Zealand 17-5 South Africa
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How Fast Is That Going?

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How Fast Is That Going?

You won bronze!

Lindon Victor, an Olympic decathlete from Grenada, threw this at [46] In competition, the discus can reach over [50]

Flying Objects at the Games

From the fast-flying badminton birdie to the slower and heavier shot-put, we’ve shown you a wide range of speeds that will play a critical role in who wins a medal. Is the object fast enough to go great distances? Is it fast enough to befuddle an opponent? Will the speed keep an arrow true?

The birdie and the shot-put could not be more different. The birdie is about the fastest projectile you’ll see at these Olympics, and it’s as light as a feather — literally. It’s made of 16 goose feathers and weighs less than two-tenths of an ounce (about five grams).

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Compare that with the men’s shot, one of the heaviest and slowest objects at the Summer Games. It weighs a whopping 16 pounds (7.26 kilograms) — the maximum weight of a bowling ball. To win an Olympic medal, an athlete will need to put it more than three-quarters of a basketball court.

When you’re watching the Games, keep in mind just how much an object’s speed can determine the outcome. Follow The New York Times Olympic coverage.

Methodology: The speeds of the objects were collected using a sports radar gun. Speeds were tracked throughout the flight and the peak speeds were used for this game.

Sources: U.S.A. Archery; Lancaster Archery Academy; Seng Ming Tan, Long Island Badminton Center; Chris Huffins, Olympics bronze medalist in decathlon and current decathlon coach; Marissa Chew, ​​assistant coach, combined events/vertical jumps, Texas Christian University; Yu Shao, New York Indoor Sports Club; U.S.A. Volleyball; Guinness World Records

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