Chapter News

24 Jul
Brexit News, Chapter News

Press statement by Michel Barnier following Round 6 of the negotiations for a new partnership between the European Union and the United Kingdom

Statement made July 23, LONDON | Ladies and gentlemen, Good afternoon to all of you. I am happy to meet you here in Europe House in London, at the end of this sixth negotiation round. I would like to thank the EU Delegation, and our Ambassador João Vale de Almeida for welcoming us.Thank you also for the very useful work you do, representing the EU in the UK, together with the 27 EU Ambassadors, whom I met yesterday. This negotiation takes place...

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24 Jul
Chapter News

EU Security Union Strategy: connecting the dots in a new security ecosystem

Today, the European Commission sets out a new EU Security Union Strategy for the period 2020 to 2025, focusing on priority areas where the EU can bring value to support Member States in fostering security for all those living in Europe. From combatting terrorism and organised crime, to preventing and detecting hybrid threats and increasing the resilience of our critical infrastructure, to promoting cybersecurity and fostering research and innovation, the strategy lays out the tools and measures to be developed over...

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24 Jul
Chapter News, COVID-19 News

Coronavirus response: Making capital markets work for Europe’s recovery

The European Commission has today adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy. On 28 April, the Commission had already proposed a Banking Package to facilitate bank lending to households and businesses throughout the EU. Today's measures aim to make it easier for capital markets to support European businesses to recover from the crisis.  The package proposes targeted changes to capital market rules, which will encourage greater investments in the economy, allow for the...

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23 Jul
Chapter News

MEPs debate recovery fund, condemn major cuts to long-term EU budget

In an extraordinary plenary session, MEPs commented on the 17-21 July European Council deal on EU financing and the recovery plan to tackle the pandemic fallout. In the debate with Council and Commission Presidents Charles Michel and Ursula von der Leyen, the deal reached at the recent European Council meeting on the recovery fund was qualified as “historic” by many MEPs as for the first time, member states have agreed to issue €750 billion of joint debt. With cuts made...

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23 Jul
Chapter News, COVID-19 News

IMF Executive Board Approves a Temporary Increase in Annual Access Limits to Financial Support

Washington, DC | On July 13, the Executive Board of the International Monetary Fund (IMF) approved a temporary increase in the annual limits on overall access to resources in the General Resources Account and the Poverty Reduction and Growth Trust. The severe impact of the COVID-19 pandemic on global economic conditions has resulted in an unprecedented number of member countries seeking financial support from the IMF. As of July 13, 2020, 72 countries have already received financial assistance from the...

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22 Jul
Chapter News, COVID-19 News

REACT-EU: Council of the EU agrees on its partial negotiating position

The EU is providing additional funding and flexibility in the use of the structural funds to help member states' recovery efforts following the COVID-19 outbreak. EU ambassadors, meeting within the Committee of Permanent Representatives, today endorsed the Council's partial position on REACT-EU, the EU initiative with the biggest impact in the short to medium term, as well as on a series of amendments to long-term legislative proposals. We must ensure that European regions not only survive the crisis but emerge stronger...

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22 Jul
Chapter News

“Our Deal is a Symbol of a Strong and United Europe”

EU Leaders agreed a package of €1,824.3 billion combining the multiannual financial framework and the extraordinary recovery fund Next Generation EU that will help the EU to rebuild after the COVID-19 pandemic and will support investments in the green and digital transitions. We have reached a deal on the recovery package and the European budget. These were, of course, difficult negotiations in very difficult times for all Europeans. A marathon which ended in success for all 27 member states, but...

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21 Jul
Chapter News

Capital markets union: EU Council adopts new rules for crowdfunding platforms

The Council today adopted new rules to improve the way crowdfunding platforms operate across the EU. The new framework is part of the capital markets union's project which aims at providing an easier access to new financing sources. It will remove barriers for crowdfunding platforms to provide their services cross-border by harmonising the minimum requirements when operating in their home market and other EU countries. It will also increase legal certainty through common investor protection rules. The new rules will cover...

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21 Jul
Chapter News

Opening remarks by President von der Leyen at the joint press conference with President Michel following the Special European Council meeting of 17-21 July 2020

Thank you very much. Ladies and gentlemen, First of all, I would like to thank the President of the European Council – Charles Michel – for his enormous efforts and perseverance. This European Council's success is also his success. And I would like to thank Angela Merkel for her exceptional guidance. We negotiated for four long days and nights – more than 90 hours – but it was worth it. This agreement is a signal that Europe is capable of taking action. A...

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21 Jul
Chapter News, COVID-19 News

Recovery plan for Europe: Joint press conference following the Special European Council meeting of 17-21 July 2020

Opening remarks by European Commission President von der Leyen | Brussels | July, 21 2020 Thank you very much. Ladies and gentlemen, First of all, I would like to thank the President of the European Council – Charles Michel – for his enormous efforts and perseverance. This European Council's success is also his success. And I would like to thank Angela Merkel for her exceptional guidance. We negotiated for four long days and nights – more than 90 hours – but it was...

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