Chapter News

17 Jul
Chapter News

European Commission | An ambitious budget for a stronger Europe: 2028-2034

Today, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, prosperous, secure, and thriving society and economy over the coming decade. Europe faces an increasing number of challenges in numerous areas such as security, defence, competitiveness, migration,...

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17 Jul
Chapter News

ECB publishes third progress report on the digital euro preparation phase

• ECB making progress on digital euro rulebook with feedback from experts, consumers and merchants • Around 70 market participants explore use cases through new innovation platform • ECB continues stakeholder engagement to ensure alignment with market needs and legislative developments The European Central Bank (ECB) has published its third progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and is laying the foundations for the potential issuance of a digital euro. Since the publication of the second...

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15 Jul
Chapter News

ECB | The digital euro: legal tender in the digital age

Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament Thank you for inviting me to take part in this exchange of views. I would like to talk about why we need the digital euro – and the cost of not pursuing it. My message is simple. The main reason for issuing a digital euro is to preserve the benefits of cash in the digital era....

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15 Jul
Chapter News, New York Related News, Trade & TTIP Related

New York State Governor | Taking Action on Tariffs: Governor Hochul Directs New York State Agencies to Report on Cost Increases and Supply Chain Disruptions Caused by Trump’s Tariffs

By September 30, State Agencies Will Compile Data on Effects of Federal Tariffs on New York Consumers, Small Businesses, Farmers, Construction, Tourism and Other Sectors State Officials Will Use Data Across Each Sector To Produce A Statewide Tariff Economic Impact Report by October 31 Read the New Memo to State Agencies To Keep New Yorkers Up-To-Date on Programs Available for Tariffs Impact, Governor Launched Tariff Resource Guide Traducción al español Governor Kathy Hochul today announced actions to assess cost increases and supply chain disruptions caused...

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11 Jul
Chapter News

ECB | Banks have made good progress in managing climate and nature risks – and must continue

By Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB European banks have made forward strides in managing climate and nature-related risks. But more still needs to be done as we often see that practices are only applied to a subset of relevant exposures, geographic areas and risk categories. To help banks improve further, later this year the ECB will publish an updated set of good practices observed in banks...

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11 Jul
Chapter News

IMF Executive Board Concludes 2025 Consultation with Euro Area

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2025 discussions on common euro area policies with member countries. This year, the consultation also included a discussion of the findings of the Financial Sector Assessment Program (FSAP) exercise for the euro area. Growth in the euro area is likely to stay moderate over 2025-27. Trade tensions and elevated uncertainty are expected to weigh on activity, despite some boost from higher defense and infrastructure spending. In addition, the geopolitical...

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10 Jul
Chapter News

ECB | Shifting payment landscape: what a digital euro will bring

Speech by Piero Cipollone, Member of the Executive Board of the ECB, at Banka Slovenije It is a pleasure to speak to you today. The ongoing shift in the way we pay is affecting the fundamental fabric of our economies. Whether we are consumers browsing digital marketplaces, entrepreneurs pursuing digital innovation, or decision-makers facing the digital transition, we are all involved in reshaping payments. Payments are more than a means of settling transactions, they are the lifeblood of a modern economy. And...

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10 Jul
Chapter News

OECD job markets remain resilient but population ageing will cause significant labour shortages and fiscal pressures

Job markets remain resilient, with labour force participation reaching record highs in many OECD countries and unemployment at historically low levels. However, there are signs of a slowdown as geopolitical and trade policy uncertainties dampen economic activity, according to a new OECD report. The OECD Employment Outlook 2025 reports that OECD-wide employment, which reached 668 million in May 2025 – up by about 26% since 2001 – is expected to grow by around 1.1% in 2025 and 0.7% in 2026. Having been...

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10 Jul
Chapter News, New York Related News

NY Fed | Short-Term Inflation Expectations Tick Down, Household Financial Expectations Improve

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked down at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations improved. Spending growth expectations slightly declined, while household income growth expectations increased. Households were more optimistic about their year-ahead financial situations and credit access. The survey was fielded from June 2 through June...

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08 Jul
Chapter News, TRIA News

TRIA | Transatlantic Efforts to Close the Investment Gap in Middle- and Low-income Countries (2nd Operational Meeting)

The 2nd operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Seville, Spain on July 1st, 2025. It took place in the context of the International Business Forum at the UN's 4th Financing for Development Conference. TRIA is a joint initiative between the European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY), that aims to unite key actors to support the financing of infrastructure investments in low- and middle-income countries. With only...

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