Chapter News

13 Jul
Chapter News

Commissioner Jonathan Hill at the European Parliament on the Capital Markets Union

Brussels, 13 July 2016 -- Thank you so much for giving me the chance to say a few words on the work we've been doing to build a Capital Markets Union. To talk about what we've done so far and also to sketch out the next steps which it now falls to my friend and colleague Valdis Dombrovskis to take forward. I know some people have been wondering whether my leaving will mean a change of direction for CMU. I...

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13 Jul
Chapter News

European Commission proposes signature and conclusion of EU-Canada trade deal

The European Commission today formally proposed to the Council of the EU the signature and conclusion of a free trade agreement between the EU and Canada, known as the Comprehensive Economic and Trade Agreement, or CETA. The deal is set to benefit people and businesses – big and small – across Europe as of the first day of its implementation. To allow for a swift signature and provisional application, so that the expected benefits are reaped without unnecessary delay,...

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13 Jul
Chapter News, Trade & TTIP Related

ITA Report Shows 92 Percent Of U.S. Goods Exports May Be Affected By Foreign Technical Regulations

The International Trade Administration (ITA) released a new report today that finds 92 percent of U.S. goods exports in 2015—more than $1.3 trillion—were potentially affected by foreign technical regulations that could have a significant trade impact. "This report demonstrates the pervasiveness of technical regulations and their potential to affect U.S. exports," said Acting U.S. Under Secretary of Commerce for International Trade Ken Hyatt. "Regulations and testing and certification procedures that diverge from international standards—especially in ways that are unnecessarily trade-restrictive—can...

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13 Jul
Chapter News

European Commission launches EU-U.S. Privacy Shield: stronger protection for transatlantic data flows

Brussels, 12 July 2016 the European Commission adopted the EU-U.S. Privacy Shield This new framework protects the fundamental rights of anyone in the EU whose personal data is transferred to the United States as well as bringing legal clarity for businesses relying on transatlantic data transfers. Andrus Ansip, Commission Vice-President for the Digital Single Market, said: "We have approved the new EU-U.S. Privacy Shield today. It will protect the personal data of our people and provide clarity for businesses. We have worked...

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13 Jul
Chapter News

IMF Executive Board Concludes 2016 Article IV Consultation with France

On July 11, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with France. The recovery is solidifying. The economy is projected to expand by 1.5 percent this year, primarily driven by strong consumer spending. There are also signs of a cyclical recovery in investment, and the slump in residential construction appears to be bottoming out. By contrast, net exports are declining as demand from trading partners has slowed. Private sector job creation...

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13 Jul
Chapter News

More and more Europeans are experiencing lack of water; Ministers call for a common solution

Climate change and associated alternating periods of drought and floods were the main topics of the Ministerial Conference on Water and the informal EU Environment Council. The debate has clearly shown that each EU country is experiencing this phenomenon differently. Some states are suffering prolonged droughts, others more frequent floods, and still others are experiencing both types of extreme events. For example, the Mediterranean is experiencing longer-lasting water shortages, and according to some prognoses there is a risk that the...

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12 Jul
Chapter News

What’s going on in Europe? – A view from the Deutsche Bundesbank

Speech by Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank at the World Affairs Council and American Council on Germany, San Francisco Monday, 11 July 2016 Ladies and gentlemen It is a great pleasure for me to be here in San Francisco with you and with these two distinguished organizations. You know, when we agreed on the title and the date of this event, I was expecting to give a talk on the economic situation in the euro...

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12 Jul
Chapter News

Statement by U.S. Trade Representative Michael Froman on G-20 Ministerial: Key Outcomes on Environmental Goods, Excess Capacity

Shanghai -- G-20 Trade Ministers meeting in Shanghai, China reached agreement today on a package of outcomes covering WTO multilateral and plurilateral trade agreements and negotiations, investment, and cooperation on global value chains. U.S. Trade Representative Michael Froman hailed the results as a good example of G-20 leadership and shared goals in promoting global trade growth and public support for trade. In particular, the United States achieved strong results on plurilateral negotiations on the Environmental Goods Agreement and global excess...

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12 Jul
Chapter News

European Commission launches EU-U.S. Privacy Shield: stronger protection for transatlantic data flows

Today the European Commission adopted the EU-U.S. Privacy Shield. This new framework protects the fundamental rights of anyone in the EU whose personal data is transferred to the United States as well as bringing legal clarity for businesses relying on transatlantic data transfers. Andrus Ansip, Commission Vice-President for the Digital Single Market, said: "We have approved the new EU-U.S. Privacy Shield today. It will protect the personal data of our people and provide clarity for businesses. We have worked hard with...

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11 Jul
Chapter News

Fiscal capacity for the euro zone

Members of Parliament’s Budgets and Economic and Monetary Affairs committees are set to debate the need for a euro area budget with finance ministers Jeroen Dijsselbloem (Netherlands, also Euro Group President), Michel Sapin (France), Pier Carlo Padoan (Italy), Pierre Gramegna (Luxembourg), Peter Kažimír (Slovakia), Edward Scicluna (Malta) and Euclid Tsakalotos (Greece) on Monday evening from 19:00 to 21:30. Parliament is working on a report putting forward proposals to build “a fiscal capacity for the euro zone”, drafted by Reimer Böge...

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