Chapter News

20 Oct
Chapter News

Climate change: EU shows leadership ahead of Paris with 23% emissions cut

Joint press release: European Commission - European Environment Agency on the "Trends and projections in Europe 2015" report The European Union is on track towards meeting and overachieving its 2020 target for reducing greenhouse emissions by 20%, according to a report published today by the European Environment Agency (EEA). The "Trends and projections in Europe 2015" report reveals that greenhouse gas emissions in Europe decreased by 23% between 1990 and 2014 and reached the lowest levels on record. Latest projections by...

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20 Oct
Chapter News

Results of the October 2015 euro area bank lending survey

In the October 2015 bank lending survey (BLS), euro area banks reported a net easing of credit standards on loans to enterprises in the third quarter of 2015 (a net percentage of -4% of banks reported that credit standards had become tighter, after -3% in the previous quarter), which was stronger than banks’ expectations in the previous survey round. Competitive pressures were the main factor behind the easing of credit standards on loans to enterprises. Banks reported a net tightening...

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19 Oct
Chapter News

IMF Update on European Economy

IMF European Department Press Briefing | Washington D.C., October 9, 2015 MR. ADRIANO: Good morning. Thank you all for coming to this Press Briefing of the IMF’s European Department. With us today, is Poul Thomsen, Director; Jörg Decressin, and Philip Gerson Deputy Directors, European Department. Mr. Thomsen will have some opening remarks and then we'll ready for your questions. Poul? MR. THOMSEN: Yes. Good morning and thank you for joining us this morning. Let me start by giving you a few...

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19 Oct
Chapter News

Leaders Unite in Calling for a Price on Carbon Ahead of Paris Climate Talks

For the first time, an unprecedented alliance of Heads of State, city and state leaders, with the support of heads of leading companies, have joined forces to urge countries and companies around the globe to put a price on carbon. The call to price carbon comes from the Carbon Pricing Panel – a group convened by World Bank Group President Jim Yong Kim and International Monetary Fund (IMF) Managing Director Christine Lagarde - to spur further, faster action ahead of...

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19 Oct
Chapter News, New York Related News

Governor Cuomo Announces $7 Million For Improvements to Airport Infrastructure

Governor Andrew M. Cuomo today announced $7 million in funding is available for airport improvement projects across New York State. These grants, coming from the Governor’s Aviation Capital Grants Program, will go toward supporting airport infrastructure and economic development projects across the state. “For many, our airports are the gateways to New York and a significant part of economic growth and job creation,” Governor Cuomo said. “This funding will help ensure that our airports remain more accessible and convenient for...

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15 Oct
Chapter News

A new start for Jobs and Growth for Greece: €35 billion plan well underway

The European Commission welcomes yesterday's signature of the Jobs and Growth Plan for Greece by the European Parliament and by the Council. The exceptional measures presented by the Commission for Greece can thus enter into force tomorrow. Greece is set to receive over €35 billion already earmarked from the EU budget over 2014-2020, with €20.6 billion from the European Structural and Investment Funds. €800 million will be paid next week. Overall, almost €1.4 billion will be released in 2015 and €1 billion in 2016;...

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15 Oct
Chapter News

ECB: The future of Europe’s financial market infrastructure: the Eurosystem’s Vision 2020

Speech by Yves Mersch, Member of the Executive Board of the ECB, Singapore, 14 October 2015 Ladies and gentlemen, members of the panel, The beauty of innovation is that it never ends. Even the best ideas can be enhanced and complemented. The Eurosystem, the euro area’s network of central banks, has developed two major innovations in the field of financial market infrastructure over the past 15 years: TARGET (now TARGET2) and TARGET2-Securities, or T2S. Both platforms have significantly improved the way payments...

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14 Oct
Chapter News

Horizon 2020: new Work Programme supports Europe’s growth, jobs and competitiveness

Work Programme 2016-2017 - Spanning seven years (2014 to 2020) and working with a budget of €77 billion, Horizon 2020 is the biggest EU research and innovation funding programme ever. Today, the European Commission adopted the second of its two-year work programmes setting out funding opportunities for 2016-2017. This Work Programme offers a budget of almost €16 billion. It is based on extensive consultation and stakeholder involvement. All the calls and related information are published on a single portal. Horizon 2020...

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14 Oct
Chapter News, Trade & TTIP Related

Trade for All: European Commission presents new trade and investment strategy

This more responsible approach responds to new economic realities in line with the EU's foreign policy. Based on three key principles - effectiveness, transparency and values - it ensures trade policy benefits as many people as possible. The Commission is proposing a new trade and investment strategy for the European Union, entitled ‘Trade for All: Towards a more responsible trade and investment policy’. The new approach builds on Europe's excellent trade track record. EU companies export nearly as much as China to...

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