Chapter News

Chapter News

EU Parliament Agriculture committee opposes national bans on Imports of GM food and feed

The agriculture committee on Thursday rejected the Commission's draft law that would give member states the power to restrict or prohibit the use of EU-approved GM food or feed on their territory. It fears that arbitrary national bans could distort competition on the EU's single market and jeopardise the Union's food production sectors which are heavily dependent on imports of GM feed. The agriculture committee's opinion, adopted by 28 votes in favour to eight against, with six abstentions, will...

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ECB press conference

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20% respectively.   Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council. As usual, let me start with the decisions...

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Chapter News, New York Related News

Governor Cuomo on Rebuilding the Upstate Economy

For many years, Upstate New York was treated like a second class citizen, forced to watch Downstate thrive as the Upstate economy dwindled. Upstate was literally losing population and jobs – and maybe most importantly, it was losing hope. Much of this was a function of the changing economy, which shifted manufacturing to overseas. Also, some people left Upstate New York for warmer climates in what has become a more mobile society. But it is just as true that the...

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Chapter News

Sustainable development in the EU Is the European Union moving towards sustainable development? A statistical assessment of progress

Sustainable development policy aims to achieve a continuous improvement in citizens’ quality of life and well-being. This involves the pursuit of economic progress, while safeguarding the natural environment and promoting social justice. The economic, environmental and social dimensions are all part of the EU Sustainable Development Strategy (EU SDS) adopted in 2001 and renewed in 2006. The EU SDS also includes an institutional and a global dimension, with the adoption of good governance practices in the EU as well as...

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EIB and EU Committee of Regions intensify co-operation to boost Europe’s economic recovery

The President of the Committee of Regions (CoR) - Markku Markkula - met with European Investment Bank (EIB) President Werner Hoyer in Luxembourg today to discuss joint efforts to enhance private investment and recovery across Europe. In this context, EIB President Hoyer said: "Cooperation between our institutions is of great benefit for the citizens in Europe. Within the European Union, the Committee of Regions has a very good understanding of local needs and challenges “on the ground”. This helps the...

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EUROSTAT Flash estimate – August 2015 Euro area annual inflation stable at 0.2%

Euro area1 annual inflation2 is expected to be 0.2% in August2015, stable compared to July20153, according to a flash estimate4 from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco (1.2%, compared with 0.9% in July) andservices (1.2%, stable compared withJuly) are expected to have the highest annual rate in August, followed by non-energy industrial goods (0.6%, compared with 0.4% in July) and energy (-7.1%, compared with -5.6%...

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Chapter News

ECB publishes Guideline amending the General Documentation on monetary policy implementation

Counterparty eligibility assessment to take into account information on capital, leverage and liquidity ratios New category of assets added as eligible collateral Today the European Central Bank (ECB) has published a new Guideline (ECB/2015/27) amending the General Documentation (GD) on the implementation of the Eurosystem’s monetary policy. The new Guideline introduces some changes to the monetary policy implementation framework: First, the provisions on counterparty eligibility have been revised in light of recent legislative developments in the implementation of the Banking Union. In...

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Chapter News, New York Related News, News

Governor Cuomo Announces $17.2 Million to Bolster Biomedical Research in New York State

Governor Cuomo announced $17.2 million in state awards to 26 academic medical institutions for the training of new clinical researchers working on cutting-edge biomedical research. These awards, administered over a two year period through the Empire Clinical Research Investigator Program, are vital to helping New York both attract new researchers and solidify itself as a national biomedical research hub. "Some of the world's most exciting and groundbreaking medical discoveries have been made possible by research done in New York medical...

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Chapter News

Access to EU Financing for European SME’s

The European Union supports entrepreneurs and businesses with a wide range of EU programmes providing financing through local financial institutions. Every year the EU supports more than 200.000 businesses. Who is eligible for EU funding? Funding is available for start-ups, entrepreneurs and companies of any size or sector. A wide range of financing is available: Loans, guarantees, equity funding and other. How it works The decision to provide EU financing will be made by the local financial institutions such as banks, guarantee societies...

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Chapter News

Assessing the new phase of unconventional monetary policy at the ECB

Panel remarks prepared by Vítor Constâncio, Vice-President of the ECB, at the Annual Congress of the European Economic Association University of Mannheim, 25 August 2015 It is a great pleasure to participate in this policy panel and to share the stage with such distinguished fellow participants. My plan today is to present some key features of the monetary policy measures recently implemented by the ECB. As you all know, in January this year the ECB launched the most recent addition to...

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