Chapter News

27 Jan
Chapter News

Biden’s presidency begins: a fresh start for the US but also for transatlantic relations

Blog post by HR/VP Josep Borrell | The inauguration of Joe Biden opens a welcome new chapter in EU-US relations. As President Biden has signalled, there is much to repair and rebuild, both at home and abroad. But this is above all a moment of opportunity. We as EU are ready to revive our partnership, which is so important at a time of tumultuous global change. Like millions of people around the world, I followed President Biden’s inaugural address. Naturally, the...

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26 Jan
Chapter News

EU Commission study finds positive impact of trade agreements on agri-food sectors

The EU trade agenda is set to have an overall positive impact on the EU economy and the agri-food sector, according to a new study published today. Trade agreements are due to result in substantial increases in EU agri-food exports, with more limited increases in imports, creating a positive trade balance overall. The study also confirms that the EU's approach to grant a limited amount of lower duty imports (through tariff rate quotas) is the best approach in terms...

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26 Jan
Chapter News

State aid: EU Commission approves €2.9 billion public support by twelve Member States for a second pan-European research and innovation project along the entire battery value chain

The Commission has approved, under EU State aid rules, a second Important Project of Common European Interest (“IPCEI”) to support research and innovation in the battery value chain. The project, called “European Battery Innovation” was jointly prepared and notified by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden. The twelve Member States will provide up to €2.9 billion in funding in the coming years. The public funding is expected to unlock an additional €9 billion in private...

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26 Jan
Chapter News

ECB sets up climate change centre

New unit, operational as of early 2021, to strengthen and bring together ECB work on climate Decision reflects growing importance of climate change for the economy and the ECB’s policy Climate change centre will shape and steer climate agenda The European Central Bank (ECB) has decided to set up a climate change centre to bring together the work on climate issues in different parts of the bank. This decision reflects the growing importance of climate change for the economy and the...

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26 Jan
Chapter News

Speech by Christine Lagarde | Climate change and central banking

Keynote speech by Christine Lagarde, President of the ECB, at the ILF conference on Green Banking and Green Central Banking | Frankfurt am Main, 25 January 2021 In the famous fable “Belling the Cat”, a group of mice gather to discuss how to deal with a cat that is eating them one by one. They hatch a plan to put a bell on the cat so they can hear it coming and escape before being caught. When it comes to who will...

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25 Jan
Chapter News

Speech | Sustainable finance: transforming finance to finance the transformation

Keynote SPEECH by Fabio Panetta, Member of the Executive Board of the ECB, at the 50th anniversary of the Associazione Italiana per l’Analisi Finanziaria (by videoconference) | Introduction I would like to start by thanking the Italian Association for Financial Analysts (Associazione Italiana per l'Analisi Finanziaria, AIAF) for inviting me to speak on the occasion of its 50th anniversary. Promoting high standards in financial analysis is vitally important for guaranteeing the development and the integrity of markets, to ensure they can serve the...

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25 Jan
Chapter News

New US president: how EU-US relations could improve

A new US president taking office represents an opportunity to reset transatlantic relations. Find out what the EU is offering to work together on. On 20 January, the day of Biden's inauguration, MEPs debated the political situation in the US. They also welcomed the new president as an opportunity for Europe to strengthen EU-US ties and tackle common challenges and threats to the democratic system. Europe and America have traditionally always been allies, but under Donald Trump the US has been...

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25 Jan
Chapter News, COVID-19 News

Coronavirus: EU Commission proposes additional safeguards on travel from outside the EU and updated criteria for applying travel restrictions

Today the Commission is proposing additional safeguards and requirements for international travellers into the EU. New coronavirus variants and the volatile health situation worldwide call for further action to ensure that any travel to the EU takes place safely. To reflect the latest scientific advice, the Commission is also proposing updated criteria taking into account the testing rate, testing positivity and detection of variants of concern when deciding on the application of restrictions on non-essential travel to the EU to a specific non-EU country.   Additional safeguards on travel from outside the EU  Member States should introduce additional measures to ensure that travel into the EU takes place safely. This concerns those travelling...

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22 Jan
Chapter News

U.S. Fed Speech | Full Employment in the New Monetary Policy Framework

Speech by Governor Lael Brainard at the Inaugural Mike McCracken Lecture on Full Employment Sponsored by the Canadian Association for Business Economics (via webcast) | I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins. I am honored to deliver the inaugural Mike McCracken Lecture on Full Employment.1 Widely known for his critical contributions in bringing...

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22 Jan
Chapter News

Euro banknote counterfeiting at historically low level in 2020

460,000 counterfeit euro banknotes withdrawn from circulation in 2020, a historically low level in proportion to banknotes in circulation About two thirds of the total were €20 and €50 banknotes Euro banknotes continue to be a trusted and safe means of payment All euro banknotes can be verified using the “feel, look and tilt” method Some 460,000 counterfeit euro banknotes were withdrawn from circulation in 2020 (220,000 in the second half of the year), a decrease of 17.7% when...

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