Chapter News

11 Feb
Chapter News, News

Statement by the European Commission, ECB and IMF on the Third Review Mission to Cyprus

Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during January 29-February 11, 2014 for the third review of Cyprus's economic programme, which is supported by financial assistance from the European Stability Mechanism (ESM) and the IMF. The objectives of Cyprus’s programme are to restore financial sector stability, strengthen public finance sustainability, and adopt structural reforms so as to support long-run growth, while protecting the welfare of the population....

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03 Feb
Chapter News, News

Commission unveils first EU Anti-Corruption Report

Corruption continues to be a challenge for Europe. Affecting all EU Member States, corruption costs the European economy around 120 billion euros per year. Member States have taken many initiatives in recent years, but the results are uneven and more should be done to prevent and punish corruption. These are some of the conclusions from the first ever EU Anti-Corruption Report published today by the European Commission. The EU Anti-Corruption Report explains the situation in each Member State: what anti-corruption...

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03 Feb
Chapter News, News

EU Commission for Equal Voting Rights

On January 29th, the European Commission has issued guidance to member states that currently have rules preventing their citizens from voting because they live in another EU country. Of course, we are very supportive of this important step, even if we believe that an even better direction would be to also extend voting rights in the European Parliament elections to all EU citizens who reside outside the EU, and to harmonize all electoral procedures. You will find on the right sidebar a...

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31 Jan
Chapter News, News

Commission calls for immediate action for a European Industrial Renaissance

The European Commission is urging Member States to recognise the central importance of industry for creating jobs and growth and to mainstream industry-related competitiveness concerns across all policy areas. This is the key message of the communication For a European Industrial Renaissance, adopted today. The Commission calls on the Council and the Parliament to adopt proposals on energy, transport, space and digital communications networks as well as implement and enforce legislation to complete the internal market. Furthermore industrial modernisation must...

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31 Jan
Chapter News, News

Sound & Resilient Financial Markets: Achieving Global Consistency

US-EU Financial Markets Regulatory Dialogue Joint Statement Speech by Nadia Calviño, Deputy Director-General for Internal Market and Services, EUROPEAN COMMISSION Presented at Brookings Institution, Washington, DC, 29 January 2014  INTRODUCTION Ladies and Gentlemen, I am happy to have the opportunity to discuss transatlantic regulatory efforts to make financial markets sound and resilient. Today, I would like to take stock of the reforms we have carried out so far and outline the way forward, both in the EU and internationally. In response to the financial crisis, the...

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29 Jan
Chapter News, New York Related News, News

NYCEDC Announces Launch of $30 Million Competition to Help Small Businesses Become More Resilient

NYCEDC Announces Launch of $30 Million Competition to Help Small Businesses Become More Resilient Federally-Funded Competition Seeks Innovative Technologies from Around the Globe to be Installed at Sandy-Impacted Small Businesses Across the City at No Cost Competition Will Foster New York City's Long-Term Resiliency to Protect Small Businesses and Neighborhoods Against Future Storms New York City Economic Development Corporation (NYCEDC) today announced the launch of Resiliency Innovations for a Stronger Economy (RISE : NYC), a competition to help small businesses impacted...

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29 Jan
Chapter News, News

Structural Reform of the EU Banking Sector

Today, the European Commission has proposed new rules to stop the biggest and most complex banks from engaging in the risky activity of proprietary trading. The new rules would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business if the pursuit of such activities compromises financial stability. Alongside this proposal, the Commission has adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector. These...

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28 Jan
Chapter News, News

Speaking points by VP Rehn at the ECOFIN Press Conference

28 January 2014 -- ECOFIN Press Conference in Brussels | Remarks by Olli REHN Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Let me begin by wishing Greece a successful and smooth Presidency on behalf of the European Commission. We very much look forward to working with you to take forward our common agenda of sustainable growth, job creation, better cohesion as well as to work towards a deep...

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27 Jan
Chapter News, News

Expert group to advise European Commission on EU-US trade talks

Today the Commission launches a special Advisory Group of experts representing a broad range of interests, from environmental, health, consumer and workers' interests to different business sectors to provide EU trade negotiators with high quality advice in the areas being negotiated in the Transatlantic Trade and Investment Partnership (TTIP) talks. The creation of this group confirms the Commission's commitment to close dialogue and exchange with all stakeholders in the TTIP talks, in order to achieve the best result for European...

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