Chapter News

17 Feb
Chapter News, COVID-19 News

EU Commission welcomes European Parliament’s approval of Recovery and Resilience Facility

Our ‘Next Generation EU’ recovery plan is about more than just money. It’s a very strong message of solidarity and of trust in the European Union. Now it’s time to deliver! The Recovery and Resilience Facility – a key part of our recovery plan – is on its way to becoming a reality after today’s signature. This will play a crucial role in helping Europe overcome the economic and social impact of the pandemic and will help us to secure the...

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17 Feb
Chapter News, COVID-19 News

Coronavirus: preparing Europe for the increased threat of variants

Today, the Commission is proposing immediate action to prepare Europe for the increased threat of coronavirus variants. The new European bio-defence preparedness plan against COVID-19 variants called “HERA Incubator” will work with researchers, biotech companies, manufacturers and public authorities in the EU and globally to detect new variants, provide incentives to develop new and adapted vaccines, speed up the approval process for these vaccines, and ensure scaling up of manufacturing capacities. Taking action now is important as new variants continue to emerge and...

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17 Feb
Chapter News

EUIPO | No more fax, no more CDs, no more attachments

Improved technology heralds a new era in EUIPO communications From 1 March 2021, a number of important changes will affect the way the EUIPO communicates with customers. The changes are reflected in two key decisions recently adopted by the Executive Director of the EUIPO. 100% eComm No more fax: as fax communications prove less and less reliable the EUIPO has discontinued its fax service as a means of communication in EUIPO procedures. Fully eComm: the EUIPO’s secure e-communications platform will be...

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17 Feb
Chapter News

IMF | Why Climate Change Vulnerability Is Bad for Sovereign Credit Ratings

Climate change has made the world a riskier place. The destruction wrought by heatwaves, droughts, hurricanes, and coastal flooding doesn’t stop with the toll on human lives and livelihoods—it can also have deep consequences for a country’s finances. Recent IMF staff research has found that a country’s vulnerability or resilience to climate change can have a direct effect on its creditworthiness, its costs of borrowing, and, ultimately, the likelihood it might default on its sovereign debt. 'Financial risks created by climate change are felt...

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16 Feb
Chapter News

ECB | Greening monetary policy

Blog post by Frank Elderson, Member of the Executive Board of the ECB, 13 February 2021 | Climate change requires urgent action, and the window of opportunity is closing fast. The ECB must be committed to doing its part. Yet, such commitment may raise a few eyebrows: why should the ECB care about climate change and how does that square with its mandate? These are important questions that we take seriously: the European Union is underpinned by the rule of...

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16 Feb
Chapter News

Remarks by Paschal Donohoe following the Eurogroup video conference of 15 February 2021

Good evening to all of you. Before I debrief you on today's Eurogroup, let me mention that we had the chance to welcome two new colleagues to our meeting today - the new Italian minister, Daniele Franco, whose government was just sworn in this weekend, and indeed, it was his first day in his new role. And the new Estonian minister, Mrs. Keit Pentus-Rosimannus, who presented the policy priorities of the new Estonian government. The Commission also presented its...

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16 Feb
Chapter News

Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel

Europe remains in the grip of the coronavirus pandemic. The resurgence in the number of cases, together with the appearance of new, more contagious strains of the coronavirus, have forced many Member States to reintroduce or tighten containment measures. At the same time, the start of vaccination programmes throughout the EU provides grounds for cautious optimism. Economic growth poised to recover as containment measures ease The Winter 2021 Economic Forecast projects that the euro area economy will grow by 3.8% in both 2021...

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12 Feb
Chapter News

VAT fraud clampdown: International scam with memory cards uncovered in The Netherlands

The criminal network defrauded Dutch tax authorities of an estimated €9 million On 10 February 2021, the investigation service of the Dutch tax authorities -FIOD (Fiscale Inlichtingen en OpsporingsDienst) busted a criminal network involved in international VAT fraud with electronic devices traded via an online company. Fraudsters established a complex trading scheme with Secure Digital (SD) memory cards for electronic devices, which is believed to have defrauded the Dutch treasury of an estimated €9 million between 2017 and 2019. The...

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12 Feb
Chapter News

Plenary highlights: Covid-19 recovery, vaccines, circular economy

MEPs approved the EU’s key instrument to help countries recover from Covid-19, debated the vaccines situation and called for tighter recycling rules. Covid recovery On Tuesday, MEPs approved the Recovery and Resilience Facility, designed to help EU countries recover from the Covid-19 pandemic. The impact of Covid-19 on young people and sport MEPs called on the Commission and EU countries to do more to prevent the pandemic affecting young people and the sports sector in a report adopted on Wednesday. Vaccinations In a debate on Wednesday, MEPs said...

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11 Feb
Chapter News

Speech | The role of central banks in the greening of the economy

Paris, 11 February 2021 | Speech by François Villeroy de Galhau, Governor of the Banque de France | I would like to welcome you to the Banque de France for this 5th edition of the Rencontres on "Climate Change and Sustainable Finance", organised jointly with Option Finance. Central banks’ commitment to the climate cause may seem obvious today, and this despite the urgency of addressing the Covid pandemic.  But it was not the case five years ago, and few issues...

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