Chapter News

17 Feb
Chapter News, News

Europe’s Finance Ministers endorse EIB Group engagement in Juncker plan as EU Bank announces early delivery on lending targets

Europe’s Finance Ministers today welcomed the proposal for the European Investment Bank Group to manage the European Fund for Strategic Investments (EFSI) within the EIB under the Investment Plan for Europe announced last November. The fund, backed by the EU Bank and the European Commission, is intended to support EUR 315 billion of new investment across Europe over the next three years. The extraordinary meeting of the EIB’s Board of Governors recognised the significant role of Europe’s long-term lending institution...

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12 Feb
Chapter News

EU Parliament sets up a special committee on tax rulings

Parliament as a whole voted on Thursday to set up a special parliamentary committee to look into EU member states’ "tax rulings and other measures similar in nature or effect" and make recommendations for the future. The committee will have 45 members and is established for an initial period of six months. Result of the vote: 612 in favour, 19 against and 23 abstentions. The composition of the committee was approved by a show of hands. Mandate The committee will look into...

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12 Feb
Chapter News, News

Parliament sets up a special committee on tax rulings

Parliament as a whole voted on Thursday to set up a special parliamentary committee to look into EU member states’ "tax rulings and other measures similar in nature or effect" and make recommendations for the future. The committee will have 45 members and is established for an initial period of six months. Result of the vote: 612 in favour, 19 against and 23 abstentions. The composition of the committee was approved by a show of hands. Mandate The committee will look into...

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10 Feb
Chapter News, News

TTIP Simplified

EU and U.S. negotiators have been hard at work discussing the complexities of the Transatlantic Trade and Investment Partnership (TTIP) since July 2013. As talks focus increasingly on technical topics, it is important for the public to be able to understand—in plain language—what the give-and-take is all about. The framework of the agreement is divided into three main areas:  market access; regulatory cooperation; and rules. Within each of these categories, numerous subcategories cover specific components of TTIP. For example, market...

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09 Feb
Chapter News, News

EUROSTAT – Energy Consumption in the EU down to its early 1990s level; EU Energy Dependence at 53%

In 2013, gross inland energy consumption1, which reflects the energy necessary to satisfy inland consumption, amounted in the European Union (EU) to 1 666 million tonnes of oil equivalent2 (Mtoe), back to its early 1990s level and down by 9.1% compared to its peak of 1 832 Mtoe in 2006. In 2013, nuclear energy (29%) accounted for the largest share of EU domestic production of energy, ahead of renewables (24%), solid fuels (20%), gas (17%), oil (9%) and non-renewable wastes...

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05 Feb
Chapter News, News

The Whitehouse: Trade Deals Would Open New Channels for Small Business Growth

During his State of the Union address, President Obama noted that “21st-century businesses, including small businesses, need to sell more American products overseas. … 95 percent of the world’s customers live outside our borders, and we can’t close ourselves off from those opportunities.” Today, 98 percent of American companies that export are small businesses, but more than half of our exporters are only selling to one foreign market, usually Canada or Mexico. It’s time to take action to help more...

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03 Feb
Chapter News

Pension funds should benefit from a further two year exemption from central clearing requirements

Brussels, 03 February 2015 -- The European Commission has today published a report that recommends granting pension funds a two-year exemption from central clearing requirements for their over-the-counter (OTC) derivative transactions. The report, which is based on an extensive study requested by the European Commission, concludes that central counterparties (CCPs) need this time to find solutions for pension funds. At the same time, the report encourages CCPs to continue working on finding technical solutions in this important matter. Ultimately, the...

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28 Jan
Chapter News, News

Commission launches work on establishing a Capital Markets Union

Brussels, 28 January 2015 The European Commission has today kicked off its project to create a Capital Markets Union (CMU) for all 28 EU Member States with a first orientation debate at the College of Commissioners. The CMU is one of the flagship projects of this Commission and ties in with the ambition to boost jobs and growth in the EU. It is designed to help businesses to tap into diverse sources of capital from anywhere in the EU and offer investors and savers additional opportunities to...

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27 Jan
Chapter News, News

The Delegation of the EU to the United States is Looking for Interns

The Delegation of the European Union to the United States of America offers internships to young university graduates with no, or only limited (one year maximum), relevant professional experience, as well as to students in the final years of university where the traineeship is a complement to their academic training. The internship program offers dynamic individuals the opportunity to learn about the work of one of the EU’s largest and most active diplomatic missions and to develop a comprehensive understanding...

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27 Jan
Chapter News, News

“Solidarity should not replace necessary decisions,” Schäuble tells MEPs

EU solidarity should not replace decisions that must be taken in countries suffering economic difficulties, German Finance Minister Wolfgang Schäuble told Economic and Monetary Affairs Committee MEPs in Tuesday’s special debate on the review of the economic governance framework. His Italian colleague Pier Carlo Paduan, vehemently rejected criticism of measures to bring down Italy’s deficit and stressed the need to better coordinate reform policies. Asked for his opinion on greater flexibility or risk sharing within the EU Stability and Growth...

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