EU and bank supervision
Plans to set up new European supervisors which would see Brussels have more influence over the way banking is carried out have stalled. MEPs accused EU member states of ‘dragging their feet’ on a series of reforms that would allow Brussels-based supervisors to oversee, and in some cases overrule, their national counterparts. The European Parliament has agreed to postpone the planned vote on a package of reforms to establish the new EU supervisors until September as question marks hang over whether member states and MEPs will be able to broker a workable compromise. The disagreement on financial supervision spans a number of reforms but in short they all present member states with the same question: more or less EU intervention for Europe's banks? ‘The body taking decisions should be the national supervisor,’an EU diplomat argued. His argument is shared by at least seven member states including several Central and Eastern European countries as well as the UK. Pray: that enhanced EU bureaucratic oversight will not hamper countries’ efforts to reduce their national deficits. (Mk.12:17)
Labour leadership candidates compete for Christian support
The Methodist Central Hall in Westminster last week saw hustings where every candidate presented themselves as motivated by firm convictions. David Miliband explained, ‘I'm not a religious person but actually I'm a person of faith’ and that the Labour Party can learn from Jesus' Sermon on the Mount. His brother Ed said hehad learnt ‘not a religious faith but a simple faith’ that ‘if you saw an injustice then you had to do something about it’. Andy Burnham, a Roman Catholic, emphasised the Christian origins of his politics insisting that ‘the basic tenets of the Labour Party and socialism are one and the same with those of Christianity’. Ed Balls had positive early memories of his parents' Anglican church and that his father's commitment to Labour had grown out of Christianity. Diane Abbott emphasised the values with which she had been brought up, saying ‘We could do worse than return to those values of faith, community and family’. Pray: for these candidates that they might gain a true understanding of Christian faith. (Jas.2:14)
Orange Order rejects draft parades proposals
The Orange Order has rejected draft legislation for new mechanisms to deal with contentious parades. The Grand Lodge met in County Tyrone on 6 July to consider the plans. The vote was 37 against and 32 for, with four abstentions. The proposals were drawn up after the Hillsborough Agreement and envisage a focus on dialogue and a code of conduct for both residents and marchers. The DUP said: ‘We are the only party to have put proposals on the table to deal with issues surrounding parading and protests, based upon upholding the fundamental right to freedom of public assembly’. The DUP and Sinn Fein set up a six-strong group to work on the matter to propose a new and improved framework to rule on controversial marches. One of those who sat on the working group, Sinn Fein MLA John O'Dowd, said that the vote showed the Orange Order needed to ‘wake up’. Pray: for reconciliation between the opposing parties in the province. (Lk.12:58) More: http://news.bbc.co.uk/1/hi/northern_ireland/10534075.stm
The Pope’s visit
Regardless of their faith members of the public have been invited to see Pope Benedict XVI. It emerged that he will meet Nick Clegg, who is an atheist, and Harriet Harman, whose Equality Act has angered the Church. The Government is keen to portray the four-day state visit as a historic event that will enhance the country's standing worldwide and to highlight the pontiff's commitment to social justice in order to head off criticism over the costs and the child abuse scandal affecting the Vatican. Lord Patten is overseeing the visit’s planning. He said that the significance of the first-ever state visit by a Pope to Britain was greater than the potential costs. He told a press conference: ‘Even if we had known of the parlous state of the nation's finances, I'm sure that wouldn't have been a consideration because the importance of this visit makes its own claim upon modest public support.’ Pray: that God will use the Pope’s visit in a positive way for many communities. (Ro.8:28)
