Chapter News

12 Jul
Chapter News

Euro area quarterly balance of payments and international investment position (first quarter of 2015)

The current account of the euro area showed a surplus of €238.2 billion (2.3% of euro area GDP) in the four quarters to the first quarter of 2015. At the end of the first quarter of 2015 the international investment position of the euro area recorded net liabilities of €1.3 trillion (approximately 13% of euro area GDP). Current account The current account of the euro area showed a surplus of €54.5 billion in the first quarter of 2015, compared with €23.0 billion...

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10 Jul
Chapter News, News, Trade & TTIP Related

Statement by EU Trade Commissioner Cecilia Malmström on the European Parliament’s vote on the TTIP resolution

Today’s vote in Parliament establishes a strong and forward-looking political platform as we continue our TTIP negotiations. That’s my urgent task in the months ahead, and it’s clear from today’s vote that only an ambitious, comprehensive and balanced agreement which demonstrably delivers jobs and growth in Europe will obtain democratic backing. That is what I am seeking with our US partners. What today’s vote also signals is that the old system of investor-state dispute settlement should not and cannot be...

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10 Jul
Chapter News, Trade & TTIP Related

TTIP: ease access to US market, protect EU standards, reform dispute settlement

An EU-US trade deal must open up US market access for EU firms, but must not undermine EU standards, say MEPs in recommendations, voted Wednesday, to EU trade negotiators. To settle trade-related investor-state disputes, a new justice system, run by publicly-appointed judges and subject to scrutiny and transparency rules, should replace private arbitration under the Investor-State Dispute Settlement (ISDS) system, they add. Parliament approved its recommendations to European Commission Transatlantic Trade and Investment Partnership (TTIP) negotiators by 436 votes...

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10 Jul
Chapter News, Trade & TTIP Related

EU Parliament: Plenary highlights: Greece, TTIP, emissions trading reform

The Greece debt crisis took centre stage during July's plenary session, as Greek Prime Minister Alexis Tsipras came to Strasbourg to discuss the search for solutions. MEPs also adopted their recommendations for Transatlantic Trade and Investment Partnership (TTIP) and approved a reform of the EU's emissions trading scheme that should boost incentives for green investments. Read on for our summary of what happened in Strasbourg in a busy summer week. MEPs held a heated debate with Tsipras, European Council President...

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07 Jul
Chapter News

Greek PM Alexis Tsipras to address European Parliament on Wednesday morning

Prime Minister Alexis Tsipras will attend tomorrow morning's key plenary debate on the future of Greece and the conclusions of his summit meeting on Tuesday with EU leaders and of the 25-26 June European Council. Council President Donald Tusk and European Commission President Jean-Claude Juncker will join the debate, which starts at about 9.30 in the Strasbourg plenary chamber. Parliament’s President Martin Schulz will chair the debate. At 8.30, Luxembourg’s Prime Minister Xavier Bettel will present and discuss the working priorities of...

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07 Jul
Chapter News

ECB: ELA to Greek banks maintained

Emergency liquidity assistance maintained at 26 June 2015 level Haircuts on collateral for ELA adjusted Governing Council closely monitoring situation in financial markets The Governing Council of the European Central Bank decided today to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on 26 June 2015 after discussing a proposal from the Bank of Greece. ELA can only be provided against sufficient collateral. The financial situation of the Hellenic Republic has an impact on Greek banks since...

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06 Jul
Chapter News

Remarks by Vice-President Dombrovskis at the press conference following the referendum in Greece

06 July 2015 -- Remarks by Vice-President Dombrovskis, EU Commissioner for the Euro and Social Dialog Good afternoon, The European Commission takes note of the result of yesterday's referendum in Greece. We respect the democratic choice of the Greek people. The 'no' result unfortunately widens the gap between Greece and other Eurozone countries. There is no easy way out of this crisis.Too much time and too many opportunities have been lost. The Commission is ready to continue to work with Greece. But to be clear, the Commission...

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06 Jul
Chapter News

Statement by the European Commission following the referendum in Greece

Brussels, 05 July 2015 The European Commission takes note of and respects the result of the referendum in Greece. President Juncker is consulting tonight and tomorrow with the democratically elected leaders of the other 18 Eurozone members as well as with the Heads of the EU institutions. He will have a conference call among the "Euro-Institutionals" (with the President of the Euro Summit, the President of the Euro Group and the President of the European Central Bank) on Monday morning. He intends...

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06 Jul
Chapter News

Statement of the Eurogroup President following the referendum in Greece

05/07/2015 | 23:30 I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece. For recovery of the Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities. The Eurogroup will discuss the state of play on Tuesday 7 July.

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01 Jul
Chapter News

Remarks by Eurogroup President Jeroen Dijsselboem following Eurogroup conference call of 1 July 2015

01/07/2015 | 19:55 -- Tonight we had a Eurogroup conference call, following our call of yesterday. We discussed the two letters of the Greek Prime Minister. We also discussed the current political situation in Greece. First of all, regarding the request for the extension of the old programme which we discussed yesterday, we reaffirmed our decision of last Saturday. The political situation has not changed. There are no grounds for an extension. So unfortunately the programme expired last night at...

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