Showing posts with label europen union. Show all posts
Showing posts with label europen union. Show all posts

Tuesday, May 28, 2013

NEWS,27 AND 28.05.2013



Europe needs a youth jobs plan - govts


Europe must urgently tackle youth unemployment, the French, German and Italian governments said on Tuesday, urging action to rescue an entire generation who fear they will not find jobs.
Ministers called for a mixture of measures including helping small companies and boosting apprenticeships.
Some 7.5 million Europeans aged 15-24 are neither in employment nor in education or training, according to EU data. Youth unemployment in the EU stood at 23.6% in January, more than twice as high as the adult rate.
"We have to rescue an entire generation of young people who are scared. We have the best-educated generation and we are putting them on hold. This is not acceptable," Italian Labour Minister Enrico Giovannini told a conference in Paris.
Germany in particular, weary of a backlash as many in crisis-hit European countries blame it for austerity, has over the past weeks taken steps to tackle unemployment, striking bilateral deals with Spain and Portugal.
Its labour and finance ministers told the conference that, to help young people find jobs, Europe must continue on the path of structural reforms to boost its competitiveness as well as make good use of available EU funds, including €6bn that leaders have set aside for youth employment for 2014-20.
"We need to be more successful in our fight against youth unemployment, otherwise we will lose the battle for Europe's unity," German Finance Minister Wolfgang Schaeuble said.
While Germany insists on the importance of budget consolidation, Schaeuble spoke of the need to preserve Europe's welfare model.
If US welfare standards were introduced in Europe, "we would have revolution, not tomorrow, but on the very same day," Schaeuble told students at the Sciences PO political science institute hosting the conference.
While all agreed on the urgency needed to tackle youth unemployment, ministers offered no concrete plans, insisting Europe must be pragmatic and work on various strands.
Schaeuble said this was why Germany had also decided to strike deals with countries such as Spain and Greece.
"Let's be honest, there is no quick fix, there is no grand plan," said Werner Hoyer, head the European Investment Bank.
Together with ministers, he said policies aimed at boosting youth employment must focus on small and medium-sized enterprises as they are the main entry point to the labour market for most.
More than half of Spain's under 25-year-olds are jobless, as are nearly 40% in Portugal. In Greece, youth unemployment shot to a record 64% in February.
In March 2013, the lowest youth unemployment rates were in Germany and Austria, both below 8%, highlighting the wide disparities within the EU.
The youth employment crisis will be a central theme of a June EU leaders' summit, and German Chancellor Angela Merkel has invited EU labour ministers to a youth unemployment conference in Berlin on July 3.
Following up on an idea aired earlier this month, French President Francois Hollande urged the euro zone to work towards a joint economic government with its own budget which could take on specific projects including tackling youth unemployment.

Bashir threatens to cut South Sudan oil


Sudanese President Omar al-Bashir warned on Monday he will order the flow of oil from South Sudan to be cut off if Juba provides assistance to rebels in South Kordofan and Darfur.
Bashir said he would "completely close the pipeline" that carries oil from South Sudan to ports on Sudan's Red Sea coast.
He was speaking at a ceremony after the army recaptured Abu Kershola town in the far north of oil-rich South Kordofan, which rebels seized a month ago.
In March Sudan and South Sudan, which split from Khartoum in July 2011, signed detailed timetables to resume the flow of South Sudan oil through a major pipeline in the north that runs to a port on the Red Sea, and eight other pacts to normalise relations.
Bashir said on Monday that all of the nine agreements must be respected.
"Failure to abide by any agreement will nullify the nine accords," he said.
Bashir's remarks come less than a month after the Khartoum government announced that South Sudanese petroleum had returned to Sudan's main Heglig facility.
Heglig, along the disputed border with South Sudan, is where the export pipeline begins a journey of about 1 500 kilometres (930 miles) to the Port Sudan terminal on the Red Sea.
The pipeline will carry oil that will bring billions of dollars in revenue to both impoverished nations once exports resume.
But Khartoum accuses South Sudan of backing rebels fighting in South Kordofan and Blue Nile states as well as in Darfur claims which Juba denies.
Gibril Adam, a spokesperson for the rebels, said the fighters pulled out of Abu Kershola to ease a government blockade on the town that was taking its toll on residents there.

Crisis-hit Italians swap cars for bikes


Bikes are outselling cars in cash-strapped Italy, but while cyclists in Milan say their city is ready for a two-wheel lifestyle, there are daily nuisances for riders on Rome's busy streets.
Some cities in Italy have bike-sharing initiatives, bike paths and public awareness schemes, while cyclists are still barely tolerated in others.
Giulietta Pagliaccio, head of the Italian Federation of Friends of the Bicycle, said: "The economic crisis has had repercussions for everyone, including in transport.
"There's been a small revolution in terms of lifestyle.
"We have seen a lot of people who have re-discovered this means of transport because it's ease, it's simplicity, its speed for short distances... " she said.
There were 2 000 more bicycles sold than cars in Italy in 2011 - a differential that rose to more than 200 000 units last year, according to figures from an association of biking businesses and the transport ministry.
The car sector has been hit by what the head of auto giant Fiat, Sergio Marchionne, dubs "Carmageddon" - with a 20% drop in sales in 2012.
Pagliaccio said Rome was a particularly "difficult" city for cyclists and that in general conditions were worse in the southern half of the country, with poorer quality roads and few bicycle paths.
Benefits
She said mentalities were beginning to change, except for a few motor die-hards "who would drive from their bedroom to the kitchen if they could" - but that politicians remained "very behind" in terms of bike-friendly policies.
"They are afraid of losing votes.
"It's terrifying since everything is done in this perspective, without a long-term urban vision," she said.
Piero Nigrelli, head of bicycles of an association of biking businesses, said it was "breathtaking to what point politicians lack awareness of the bicycle's value".
He said Germany boasts about seven million cycling tourists a year who generate €9bn in turnover and only "a modest investment in bike paths" would be needed to bring such benefits to Italy.
In the Italian capital, those who use existing routes complain of daily trials, from junk strewn across the paths, to stretches along the riverbank which periodically flood and in one case a path blocked by a sprawling Roma camp.
Famed for its annual Giro d'Italia bike race, Italy has yet to embrace bicycles as a form of transport, though a "Bikemi" bike-sharing scheme in Milan has been enthusiastically received by locals and sales in foldable models are on the up.
Specialist shops in the economic capital have begun stocking bikes specifically designed for urban life, such as the British Brompton model, which folds up neatly and has a handle so it can be pulled along like a suitcase.
The world's oldest bicycle-making company, Bianchi, famed for kitting out biking champions such as Fausto Coppi, has branched out into electric bicycles to meet a growing demand from Italians keen to swap four wheels for two.
"Customers are asking now for high-range commuter models...they are looking for a long-term investment that supports the idea that they are turning away from the car," said Bob Ippolito, head of Bianchi.
Commuter bikes are now the company's fastest selling models - up 35% last year - which is partly because some customers "instead of having two cars, now prefer to have a car and a bicycle", he said.

Romanians protest shale gas plans


Thousands of Romanians protested on Monday against plans by the US company Chevron to explore for shale gas in eastern Romania.
"I have three children and I want them to grow up within a safe environment with clean water. Exploring for shale gas threatens to contaminate ground water," Alina Secrieru, a 39-year old nurse from the Barlad region told AFP.
"No fracking", "Chevron go home", "We say no to shale gas", read some of the banners carried by protesters who came from Barlad and surrounding villages.
Chevron obtained a vast concession in this poor and rural area of Romania to prospect for shale gas.
"This area survives on agriculture. If our water gets contaminated by the extraction of shale gas, agriculture will die and this area as well," said Constantin, a water specialist who was among the protesters.
He refused to give his last name out of fear of losing his job as most of the local politicians are now defending shale gas drilling.
Chevron has said in the past that all its activities "have, and will continue to be conducted in compliance with Romanian laws, EU requirements and stringent industry standards."
Shale gas drilling has fuelled controversy around the world.
The technique to extract the gas, hydraulic fraction or fracking, has been banned in countries such as France and Bulgaria but is widely used in some US states.
Fracking is a process whereby liquid products, including water and chemicals, are pumped deep into oil or gas-bearing rock to cause fractures and release the hydrocarbons.
Environmentalists say the method poses serious threats that include contaminating ground water and triggering earthquakes.
Romania together with Britain, Hungary, Poland and Spain strongly pleaded for developing shale energy during the last European council on energy.
Protesters lashed at centre-left Prime Minister Victor Ponta, accusing him of flip-flopping on his position against shale gas.
Ponta, in power since May 2012, had slammed the previous government's decision to grant Chevron and other oil groups concessions to prospect for shale gas.
His government last year adopted a moratorium on drilling, putting Chevron's operations on hold.
But since the moratorium expired in December, Ponta said he was in favour of exploration.
"Politicians have let us down but we want to remind them that the people in this area are against the exploration of shale gas. People here care about their environment" said Lulu Finaru, a notary who helped organise the protest.
A US Energy Information Administration study said the joint reserves for Romania, Bulgaria and Hungary were around 538 billion cubic metres (19 trillion cubic feet), among the biggest in eastern Europe.

China 'steals' Australia spy agency plans


Chinese hackers have stolen top-secret blueprints to Australia's new intelligence agency headquarters, a report said on Tuesday, but Foreign Minister Bob Carr insisted ties with Beijing would not be hurt.

The Australian Broadcasting Corporation said the documents taken in the cyber hit included cabling layouts for the huge building's security and communications systems, its floor plan, and its server locations.

Carr said the government was "very alive" to the threat of cyber attacks on national security, adding that "nothing that is being speculated about takes us by surprise".

But he refused to confirm or deny
China was behind the attack.

"I won't comment on whether the Chinese have done what is being alleged or not," he said.

"I won't comment on matters of intelligence and security for the obvious reason: We don't want to share with the world and potential aggressors what we know about what they might be doing, and how they might be doing it."

'Enormous areas of co-operation'

While
Australia has a long-standing military alliance with the United States, China is its largest trading partner and the two countries have been forging closer ties.

Carr insisted that the relationship would not be damaged by the allegations, which follow several other hacking attacks on government facilities in the past two years.

"It's got absolutely no implications for a strategic partnership," he said. "We have enormous areas of co-operation with
China."

The revelations saw
Canberra came under pressure to launch an independent inquiry into the "sorry saga" by opposition politicians, but Prime Minister Julia Gillard declined to comment on "these unsubstantiated reports".

The state broadcaster's investigative
Four Corners programme said the attack on a contractor involved with building the new Canberra headquarters of the Australian Security Intelligence Organisation was traced to a server in China.

It cited security experts as saying the theft exposed the agency to being spied on and may be the reason for a cost blowout and delays to the opening of the building, which was supposed to be operational last month.

Deepening concern

Des Ball, from the
Australian National University's Strategic and Defence Studies Centre, said the blueprints would show which rooms were likely to be used for sensitive conversations, and how to put devices into the walls.

"Once you get those building plans you can start constructing your own wiring diagrams, where the linkages are through telephone connections, through wi-fi connections," he was quoted as saying.

The report, which did not say when the alleged theft took place, comes amid deepening concern about aggressive state-sponsored hacking by
China.

In 2011, the computers of
Australia's prime minister, foreign minister and defence minister were all suspected of being hacked, with the attacks reportedly originating in China.

At the time,
Canberra said cyber attacks had become so frequent that government and private networks were under "continuous threat".

Beijing dismissed the allegations as "groundless and made out of ulterior purposes".

Earlier this year, computer networks at the Reserve Bank of
Australia were hacked, with some said to be infected by Chinese-developed malware searching for sensitive information.

This followed Chinese telecoms giant Huawei being barred in 2012 from bidding for contracts on
Australia's ambitious $35bn broadband rollout due to fears of cyber attacks.

N Korea kidnap numbers 'much higher'


The number of Japanese people kidnapped by North Korea decades ago to train its spies may be far higher than previously thought, a report said on Tuesday, citing a former Pyongyang agent.

Between 1965 and
1985, a team of around 120 North Korean troops repeatedly abducted young Japanese fishermen, the conservative Sankei Shimbun reported, citing a government interview with a formerly high ranking North Korean military official.

One of the missions involved the snatching of a man in his 30s from a boat in waters off
Aomori prefecture in northern Japan, the report said. The vessel and its remaining four crew members were sunk, it said.

The issue of Japanese kidnapped by
North Korea is a running sore in relations between the two countries.

Pyongyang admitted in 2002 its agents had snatched some young Japanese in what Tokyo said was an operation to train spies in Japanese language and customs.

Following a summit between then-prime minister Junichiro Koizumi and Kim Jong-Il, the late North Korean leader, five of those who were taken were allowed to return to
Japan, along with their Korea-born offspring.

Pyongyang insisted at the time that all the others had died.

‘Acts of terrorism’

But suspicions persist in
Japan that the isolated state has not come clean about the scope of its abductions and the issue colours all of Tokyo's dealings on North Korea.

Asked about the report, Keiji Furuya, the state minister in charge of the kidnap issue, declined to comment, saying he could not give specifics about what the government discovered.

Japanese officials say they believe many of the hostages are still alive, and say the kidnapping of at least 17 nationals during the 1970s and 1980s - some of whom were as young as 13 - were "acts of terrorism"

The Sankei report on Tuesday, which did not name the defector or say where the interview with him took place, comes as Japan has struck out alone to re-engage with North Korea.

Earlier this month a top aide to Prime Minister Shinzo Abe visited
Pyongyang in a move that appeared to take Washington and Seoul by surprise.

The US and South Korea have pushed for North Korea to re-join a six-party forum, which also involves Japan, China and Russia.

Those talks, which were derailed by nuclear and missile tests that began at the end of 2012, are aimed at curbing
North Korea's atomic ambitions.

But despite the keen threat felt by
Tokyo, which lies within easy reach of North Korean weaponry, the kidnapping issue trumps all others because of its domestic resonance.

Japan would not resume aid to even a completely de-fanged North Korea unless all abduction cases have been settled, Furuya said earlier this month.





Tuesday, April 30, 2013

NEWS,30.04.2013



Willem-Alexander sworn in as Dutch king


The Netherlands' Willem-Alexander was sworn in as Europe's youngest monarch on Tuesday after his mother, queen Beatrix, abdicated and his country hailed the avowedly 21st-century king with a massive, orange-hued party.
Beatrix, 75, shed a tear before signing the act of abdication at the Royal Palace in Amsterdam, witnessed by Willem-Alexander, 46, his Argentine-born Queen Maxima, 41, and members of the government.
A cry went up from the 25 000 crowd in the Dam, the main square opposite the palace where the signing was shown on giant screens.
Willem-Alexander, Maxima and Beatrix appeared in front of the crowds on the palace balcony, bedecked in roses and oranges, before heading for the enthronement ceremony in the neighbouring Nieuwe Kerk.
Beatrix accompanied the king and queen's three daughters to the church, including their eldest, now Princess of Orange Catharina-Amalia, 9.
The Dutch monarch is sworn in before a joint session of the houses of parliament in the deconsecrated church, rather than crowned, because church and royalty are separated in the Netherlands.
The king entered the church at a stately pace with Maxima under an awning of fishing nets, an ancient tradition in the seafaring nation.
Before taking his oath, the king thanked his "dear mother" for the "many beautiful years during which she was our queen."
"I'm treading in your footsteps. I have a clear vision of my office. But no one knows what the future brings," he said.
"Wherever that path leads and however far it goes, I will carry your wisdom and warmth with me," he said.
Ermine-lined cloak
The king swore "to preserve the independence and territory of the kingdom to the best of my ability ... so help me God."
His ermine-lined cloak has been criticised by animal rights activists in the Netherlands, but Willem-Alexander noted that it is old and so no blood had recently been shed for it.
MPs and senators then swore an oath to the king, although 16 MPs have refused to do so saying they have already pledged allegiance to the constitution.
A who's who of royals-in-waiting, including Britain's Prince Charles, Spain's Prince Felipe and Japan's Prince Naruhito and his wife, Crown Princess Masako, attended the ceremony.
Princess Masako is on her first trip abroad in nearly seven years, while Prince Charles also attended Beatrix's enthronement in 1980.
Former UN secretary general Kofi Annan and International Olympic Committee head Jacques Rogge also attended.
Police escorted two republicans from in front of the royal palace shortly before the abdication after they brandished a large sign reading: "I'm not a subject".
They were escorted to an authorised protest area but police later apologised for detaining the anti-monarchists.
Willem-Alexander is the first Dutch king since 1890 and the first of a new wave of relatively youthful European monarchs.
"Beatrix has been queen for 33 years, our queen," Ruud, 49, told AFP on the Dam after the abdication, a tear in his eye.
"She was a stabilising factor and a symbol of our country. It's sad to see her go after all these years, a page in our collective history is turning."
Million visitors
Amsterdam's population is set to double with around a million visitors flooding the city's streets and canals to mark the abdication and enthronement.
Over 10 000 police have been deployed in Amsterdam, with authorities saying they had arrested 70 people since Monday.
The monarchy is popular in the Netherlands, but some question the cost of the royal household and republicans are seeking to get the king's €825 000 tax-free salary reduced.
While Beatrix was known for her formal court, Willem-Alexander has already said that he will not be a "protocol fetishist".
Beatrix's enthronement in 1980 was marred by violent protests and running street battles over a housing crisis that left the city looking like a war zone.
Anti-royalists this time have been allotted six locations in Amsterdam to stage protests. But only around 100 republicans turned up for a protest at just one of the locations, an AFP correspondent reported.
Koningslied
Preparations for the day have been overshadowed by a rancorous debate about the event's official song, known as the Koningslied, which many considered ill-fitting, with its mix of traditional and rap music.
The nation will now sing the Koningslied as one on Tuesday evening, just before the royal family heads off on a water pageant behind Amsterdam's central train station.
Maxima is largely responsible for having made her husband popular after an allegedly boozy youth which earned him the nickname "Prince Pils".
Ever smiling, she has mastered the Dutch language and even taken a charity swim in Amsterdam's canals, endearing herself further in a country that expects their royals to be at once normal and regal.
Speaking ahead of the enthronement, Willem-Alexander said that "people can address me as they wish because then they can feel comfortable".
He stressed he wanted to "be a king that can bring society together, representative and encouraging in the 21st century".

Cyprus parliament approves €10bn bailout


Cyprus's parliament approved on Tuesday an EU bailout including provisions to impose substantial losses on bank depositors and wind down one of the island's biggest banks.
With a razor-thin majority of just two votes, lawmakers approved terms accompanying €10bn ($13.10bn) in aid from the European Union and the International Monetary Fund (IMF).
In a show of hands, 29 lawmakers from the three parties in the centre-right government approved the motion, with 27 voting against.

Government officials had warned the island would fall into chaotic default, unable to pay salaries or pensions, as early as next month without emergency funding.

"Unfortunately the (bailout) is a one-way street for us. It will avert disorderly default and gives, albeit with many hurdles, some prospect of getting us out of the storm," said Averof Neophytou, head of the governing right-wing Democratic Rally party.

The bailout was unlike any other aid deal, controversially forcing depositors to foot the cost of recapitalising banks exposed to debt-crippled
Greece.

Opposition parties argued that the bailout would keep
Cyprus in perpetual bondage to foreign lenders.

"A 'yes' from
Cyprus's parliament is by far the biggest defeat in our 8 000-year history," said lawmaker George Perdikis of the Greens party at an extraordinary parliamentary session opened on Tuesday.

"Its democratically elected representatives have a gun to their head to agree to a deal of enslavement," he said.

Cyprus, the euro zone's third smallest country, is bracing for at least two more years of economic misery and record unemployment as terms on the bailout start to bite.

Attempts to agree a deal triggered financial chaos last month when parliament rejected a plan to make both insured and uninsured depositors pay a levy to fund the recapitalisation of banks heavily exposed to debt-crippled
Greece.

It was followed by a two-week bank closure. The fallback option was to wind down one of the banks, Laiki, and impose losses of up to 60% on uninsured deposits - over €100 000 - in a second, Bank of
Cyprus.

About 300 demonstrators gathered outside parliament on Tuesday, calling politicians "thieves". One group brought along a fake gallows, which they said was for lawmakers.

Communist AKEL, in government until it lost presidential elections in February, said
Cyprus should seek alternative forms of funding, including possibly an exit from the euro currency. The island adopted the single currency in 2008.

"We know leaving the euro is an equally painful option, but reinstating a national currency could offer prospects for growth in the future," AKEL leader Andros Kyprianou said.

AKEL had made the initial application for financial aid in June 2012.


US home prices rise, helps economy


US home prices rose in February at their fastest rate in almost seven years, a fresh sign the housing market recovery will help counter the drag on the economy from government belt tightening.
The S&P/Case Shiller index of 20 metropolitan areas released on Tuesday showed single-family home prices rose 9.3% in February from a year earlier.
The data reinforces the view that rising home prices could make Americans feel better about spending this year, helping counter a hit to economic growth from tax hikes and government spending cuts.
"This will be a powerful positive fundamental not only for housing but presumably helpful for consumer spending as well," said Stephen Stanley an economist at Pierpont Securities in Stamford, Connecticut.
Another report showed US consumer confidence rebounded in April as Americans felt better about the outlook for the economy and their income prospects.
The Conference Board, a private industry group, said its index of consumer attitudes rose to 68.1. Economists polled by Reuters had expected a reading of 60.8.
Still, there appears to be a growing risk that weakness in the labor market and broader economy could dial down the housing recovery's strength. Hiring slowed dramatically in March and economic growth was lackluster in the first quarter, raising fears the economy could struggle to cope with Washington's austerity drive.
Business activity in the US Midwest unexpectedly contracted in April to its lowest level since September 2009 as a gauge of employment pulled back, another report showed.
The Institute for Supply Management-Chicago business barometer fell to 49, falling short of economists' expectations for 52.5.
Other recent data has pointed to less steam building in the housing market, but rising prices could give construction firms more incentive to build new homes and increase inventories. A dearth of homes on the market has held back sales.
The S&P/Case Shiller index showed prices gained 1.2% in February on a seasonally adjusted basis from January, topping forecasts for a 0.9% gain.
Following a spectacular collapse that fueled the 2007-09 recession, the housing sector appears to have turned a corner and prices have been rising since February 2012.
More monetary stimulus
The data came as the Federal Reserve prepared to open a two-day meeting on monetary policy. Yields on US government debt fell on the prospect the Fed would continue buying bonds to support the economy. US stock prices also fell.
A recent slew of weak US growth data has raised expectations the Fed will keep its pace of bond buying at $85bn a month throughout the year.
The Fed has kept overnight interest rates near zero since late 2008 and it has tripled its balance sheet to about $3 trillion through purchases of securities, which are aimed at pushing longer-term borrowing costs lower.
A separate report showed US labour costs rose a modest 0.3% in the first quarter, pointing to a lack of inflationary pressures that could give the Fed space to continue its monetary stimulus.
Wages and salaries, which account for 70% of employment costs, increased 0.5% in the first quarter, and were up 1.6% in the 12 months through March, according to the report from the labour department.
Workers' benefits rose 0.1% during the quarter, the slowest pace since 1999. The data may have been distorted by an error found in benefits data for sales and office workers, but the department said the data error probably did not have a major impact.

 

Germany to invest more in Africa


Germany is to increase its economic investment in South Africa and other African states, Foreign Affairs Minister Guido Westerwelle said in Pretoria on Monday.
His country was seeking partners in Africa to do business with as equals, he told reporters after meeting his South African counterpart Maite Nkoana-Mashabane in Pretoria.
"This is a strategic decision of the government in Germany to seek new opportunities in Africa, especially in South Africa. We think Africa is a continent of opportunities.
"We need investments. We need to trade and establish partnerships between equals. We need partnerships in skills development, vocational training, education and science."
Westerwelle is leading a Germany business delegation which has toured Ghana and will be heading to Mozambique.
South Africa was, however, Germany’s "most important economic and political partner" on the continent.
"Last year, our trade was around €14bn and over 600 German companies provide over 90 000 jobs in South Africa," he said.
"South Africa is also an important partner to us in world politics. We followed with close attention the Brics [Brazil, Russia, India, China and South Africa] summit you hosted in March. It shows how the world is changing and there are new heavyweights like South Africa and we are seeking close co-operation."
He lauded South Africa for its interventions in strife-torn countries on the African continent.
"We value highly South Africa’s commitment to peace and security in Africa, for instance the mediation efforts by former president Thabo Mbeki in Sudan. We pay tribute to your peace-keeping efforts."
Nkoana-Mashabane said Germany extensively supported South Africa’s development priorities and had allocated around R3.4m during the 2012/13 period.
She said Germany was South Africa's third largest trading partner and its second largest investor.
"Africa is on a massive infrastructure building [exercise] which will help unlock the potential of our continent."

EU to protect savers from bank collapses


Depositors should be the very last to suffer losses when a bank collapses, according to a proposal being discussed by European Union countries and seen by Reuters, which would shield savers from the kind of losses they face in Cyprus.
The idea comes as member countries finalise a new draft law for the European Union that could make losses for larger savers a permanent feature of future banking crises. EU officials, however, are nervous that such a regime will panic savers, prompting them to withdraw money.
In the paper, outlining the process of 'bailing in' savers and other steps to deal with troubled banks, officials in Brussels said that it might be wise to put depositors behind all bondholders when dividing losses from a bank collapse.
Small savers, with less than €100 000, will, in any event, be protected. But officials also raise the possibility of allowing national exemptions from losses for big depositors in their country if a bank fails.
By striking such a compromise, officials hope to rebuild confidence after a botched attempt earlier this year to impose losses on depositors in Cyprus - initially also aimed at small savers although this was later changed.
A more favourable treatment of big depositors in the new EU law, charting how to deal with failing banks in a regime that could start in 2015, is backed by the European Central Bank and the International Monetary Fund.
Ireland, which currently holds the rotating EU presidency, is also pushing for such concessions ahead of a meeting of EU finance ministers in May.
"This would mean that they are not excluded from bail-in, but other creditors would first absorb losses to their capacity before eligible depositors are bailed-in," officials said in the paper, dated April 29.
Before any such softening of provisions, however, EU diplomats will need to convince Germany, which remains sceptical about making such concessions, according to one official familiar with the talks.
Policymakers have sought to portray the losses suffered by depositors at two of Cyprus's banks as a one-off, but experts believe it marks a change in approach in how Europe deals with troubled banks, sparing taxpayers who have been on the hook for previous bailouts.
"After Cyprus, a number of states would like more clarity," said one official who is involved in the discussions.
"It may be that we give depositors preference, which means that they have a higher likelihood of getting back their money."