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Lithuania to adopt the euro on 1 January 2015

The General Affairs Council meeting of 23 July celebrated Lithuania's entry into the euro area. Ministers also discussed the Italian presidency work programme and the mid-term review of the Europe 2020 strategy. On 1 January 2015, Lithuania will become the 19th member state to adopt the euro. "Lithuania's consistent efforts have paid off: today the eurozone has opened the door for us," said Algirdas Butkevičius, Prime Minister of Lithuania, at the meeting of EU ministers. The entry of Lithuania into the euro...

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Spring 2014 Standard Eurobarometer: The European elections made a difference

The latest Standard Eurobarometer survey results are published - the first EU-wide opinion poll conducted since the European Parliament elections in May which were organised under the slogan "This time it's different". The latest Eurobarometer survey shows that this time it was different with positive developments in several areas. 1. A 10 year record high in the number of citizens who feel their voice counts After the European Elections, the number of citizens who feel their voice counts in the EU...

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European Commission proposes a higher and achievable energy savings target for 2030

New opportunities for European businesses, affordable energy bills for consumers, increased energy security through a significant reduction of natural gas imports and a positive impact on the environment: these are some of the expected benefits of the energy efficiency target for 2030 put forward today by the European Commission in a Communication. The proposed target of 30 % builds on the achievements already reached: new buildings use half the energy they did in the 1980s and industry is about...

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Nomination Procedure for top EU Positions

At their June meeting, EU leaders adopted the decision proposing to the European Parliament Jean-Claude Juncker as candidate for President of the European Commission. The Parliament elected the proposed candidate on 15 July. Leaders also asked Herman Van Rompuy to conduct consultations on the nominations for the other top positions. During the course of 2014 there will not only be a new College of Commissioners, but also a new President of the European Council, and a new High Representative of...

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Fighting fraud: Major progress in anti-fraud policy but Member States must do more to combat fraud

Member States must step up their work to prevent, detect and report fraud affecting EU funds, according to the Commission's annual report on the protection of financial interests (PIF report). The report sets out detailed recommendations on areas that national authorities should particularly focus on in this respect. The report finds that detected fraud in EU spending accounts for less than 0.2% of all funds. Nevertheless, the Commission believes that greater efforts at national level both on combatting and detecting...

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“Humanisation”

By Evelyn Robert de Rothschild, Financier In 2008 the world suffered its most severe financial crisis since the calamities of the 1930s. Since then debate has raged over just what went wrong. Some blame greedy bankers, anxious to profit at any cost. Others blame banks' foolhardy approach, tolerating senselessly high levels of borrowing and marketing financial products too complex to understand. Still others fault regulators for being asleep at the wheel, while still others point the finger at an intemperate...

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World to NYC – Smart & Sustainable Cities Global Challenge

The NYC Economic Development Corporation in partnership with New York International has opened applications for the fall 2014 World to NYC  program, which has a focus on smart and sustainable cities. Emerging companies from the US and abroad are eligible to participate in the program, which runs from September 29 to October 1, 2014.  The  application period is open now through August 22. World to NYC will provide knowledge exchange and collaboration between cutting-edge companies already present in the city and...

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Let the U.S. President know how you’re doing

Across the country, Americans are writing the President and telling him about their experiences -- how their families are doing, what's working, and what's not. The President wants to know what's on your mind, too. Tell him how you're doing. This summer, he's traveling around the country to spend time with folks like you who are writing him. He's sitting down to eat meals with them, walking through their neighborhoods -- seeing what their day looks like. Every story he hears or...

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Calling All Geography Gurus and EU Experts – Win a Trip to Brussels!

Think you know all there is to know about the EU? Test your knowledge with our new geography game, which asks players to identify and locate the city in Europe that corresponds to an EU-related trivia question. The player with the top score will receive a voucher for two round-trip tickets between the U.S. and Brussels. Are you an EU expert? A geography guru? A history hero? Test your skills in European geography and trivia with Metropolis: Cities of Europe, developed...

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EU Parliament elects Jean-Claude Juncker as Commission President

With 422 votes in favour, the European Parliament elected Jean-Claude Juncker in a secret ballot on 15 July as President of the new European Commission to take office on 1 November 2014 for a five year term. The minimum number of votes required was 376. For the first time in the history of the EU, the European Parliament elected - and not merely approved - the President of the European Commission following a proposal by the European Council, according to...

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