Photo by JACQUES COLLET/AFP/Getty Images Are you an experienced former government spy who is looking for an exciting new career opportunity? If the answer is yes, one of Europes most powerful institutions may have a job for you. In a move apparently prompted by recent surveillance disclosures by former NSA contractor Edward Snowden, the Council of the European Union is looking to recruit an expert in counterespionage to root out snooping. The COEU* is one of the European Unions two legislative chambers, charged with adopting new regulations in conjunction with the European Parliament. It is also responsible for adopting the EUs budget, works to develop common EU foreign and security policy, and finalizes international agreements on behalf of the EU. In other words, it is a prime target for spyingand now its working overtime to plug any security vulnerabilities. In a vacancy posted on its website , the COEU says it is looking for someone who can provide expertise and advice in the field of counter-espionage. The person will be expected to draw up a map of espionage threats to the EU’s interests and carry out high-level analyses of possible spying on the institution, implementing counter-measures where necessary. But the vacancy is not open to everyone: Only citizens of EU member states can apply. All applicants will have to undergo a background check and must have at least 10 to 15 years’ experience in the field of counter-espionage with a government agency or international organization focusing on security or defence. The ad for the job expires on Sept. 27, but appears to have been posted on the councils website in late July, a few weeks after a series of revelations concerning surveillance programs operated by the NSA and its British counterpart GCHQ. Several of the scoops have focused on how the spy agencies have secretly eavesdropped on European institutions, such as by bugging embassies and even hacking communications systems . In June, the COEU was specifically named as a possible NSA target in a Der Spiegel report.
Europe fractures even as it shakes off recession
12, 2011, data compiled by Bloomberg show. Stopped Deteriorating There are a lot of reasons why you dont want to be underweight Europe, said Robin Thorn, who helps oversee $70 billion as head of equities at PineBridge Investments LLC in New York. Things have stopped deteriorating. That doesnt mean that things are great, but they have stopped getting worse. Europes debt crisis helped keep both bulls and bears out of the market, according to Stuart Jarvis, who helps manage securities lending at Citigroup Inc. in London. An average of $14.9 billion worth of stock has traded daily during 2012 and 2013 in Germany, the U.K. and France, the least ever, according to data compiled by Bloomberg going back to 2004. The number of Euro Stoxx 50 shares changing hands has dropped 18 percent this year to 710 million a day, the data show. There has been a lack of allocation to Europe, Jarvis said in a phone interview on Sept. 19. In order to put money to work, investors needed a greater degree of certainty. People just didnt like the overall environment in Europe, be it the regulatory angle or the macro uncertainty. Short Bans Countries from Spain (GSPG10YR) to Belgium and Italy prohibited short selling during market retreats in recent years. While regulators have lifted the restrictions, traders are still required to report positions that exceed preset levels. The U.S.
Follow Richard Quest on Twitter. The Marketplace Europe debate can be watched Friday 11:00 ET and 18:30 ET, Saturday 0530 ET and 4:30 ET Sunday. (CNN) — The financial crisis has driven a wedge through Europe, with two economies emerging and — more dangerously — a psychological split between the north and the south, European leaders have told CNN. Jean-Claude Trichet, former president of the European Central Bank, Mario Monti, former prime minister of Italy, and Joaquin Almunia, EU competition commissioner, joined CNN’s Richard Quest to debate if the crisis had fractured the region, both economically and socially. Trichet, who headed France’s Banque de France before joining the ECB, said a two-speed economy was emerging, but that could be seen as a “major rebalancing.” When he began at the ECB in 2003, Germany was the sick man of Europe due to its lack of competitiveness, Trichet said. The country has since emerged as the eurozone’s power player, and a lead negotiator in the four-year old financial crisis. According to Trichet, Europe has been adjusting after “countries that went too far too rapidly, had bubbles and so forth…now those countries that were growing extremely fast, abnormally fast, [and] a lot of them are correcting.” However, member countries are not always going at the “same time, at the same speed,” Trichet said. Monti who stepped up as Italy’s “technocrat” prime minister after the country’s economic instability forced the resignation of Silvio Berlusconi, told Quest his greater concern was the prospect of a two class Europe. The eurozone crisis has generated a backlash against integration Mario Monti “The crisis has been managed very, very poorly in my view as regards the psychology, and the eurozone crisis has generated a backlash against integration,” Monti said. This “psychological conflict of north versus south and vice versa, this needs to be tackled.” Trichet echoed the concerns, telling Quest such a split was “absolutely unacceptable.” “If we had, in the past, fully implemented the rules including the stability and growth pact, and what was badly needed — control and monitoring of competitiveness — we wouldn’t have two class Europe,” he said. Almunia, meanwhile, said his fear was that “after the crisis those who were, at the beginning of this crisis, at the bottom, would continue to be at the bottom.” Is there an alternative for Germany? However, he added, that would not happen if the countries in recession “do what they have started to do and ….continue to do [it].” Can Italy improve competitiveness? Germany’s emergence as power player Spain’s export bonanza Germany emerged as an economic force after labor reforms were implemented under its then-chancellor Gerhard Schroder. Now, its export-led economy drives the 17-nation eurozone, with Chancellor Angela Merkel — battling for third term in this weekend’s federal elections — a central figure during Europe’s crisis.