Chapter News

21 Jun
Chapter News, News

ESM direct bank recapitalisation instrument – Main features of the operational framework and way forward –

Following the 29 June 2012 statement by the Heads of State or Government of the euro area reaffirming the need to break the vicious loop between banks and sovereigns, the Eurogroup has worked intensively on the operational framework of the future ESM direct recapitalisation instrument. The main features of the instrument are now agreed in view of having the instrument operational once an effective Single Supervisory Mechanism is established. Moreover, in December 2012, the European Council agreed to a more integrated...

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20 Jun
Chapter News, News

Keynote Speech by Olli Rehn at the Brussels Economic Forum

Brussels Economic Forum 2013 - June 19th, 2013 “Distinguished speakers, Ladies and Gentlemen, Let me welcome you to the 2013 edition of the Brussels Economic Forum. I am delighted about the large participation in this forum that focuses on the future of our Economic and Monetary Union. But before I turn to the future of EMU, let me say a few words on its current condition. When we met here last year, there were serious concerns that the euro could disintegrate. A...

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19 Jun
Chapter News, News

Latvia Is Euro-Bound

EU Commission concludes that Latvia is ready to adopt euro in 2014 The European Commission publishes its 2013 Convergence Report on Latvia, together with a citizen’s summary that briefly explains the report and the rationale behind it. The Commission concludes that Latvia has achieved a high degree of sustainable economic convergence with the euro area and proposes that the Council decide on Latvia’s adoption of the euro as from 1 January 2014. Olli Rehn, Commission Vice-President responsible for Economic and Monetary...

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19 Jun
Chapter News, News

Croatia Becomes 28th EU Member State July 1, 2013

Croatia applied for EU membership in February 2003 and was formally accepted as a candidate country in June 2004. Any European state that respects liberty, democracy, human rights and fundamental freedoms, and the rule of law is eligible to apply for EU membership.  Because joining the EU often requires major political and economic reforms within the candidate country, the process moves forward at a pace consistent with the applicant’s ability to take on the obligations of membership, which require: Stable institutions...

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18 Jun
Chapter News, News

EU & U.S. Leaders Launch Free Trade Talks

On Monday at the G8 Summit in Lough Erne, Northern Ireland, leaders of the European Union and the United States launched negotiations for a sweeping EU-U.S. trade and investment pact. The first round of talks will take place in Washington, D.C., in July. The Transatlantic Trade and Investment Partnership (TTIP) will increase trade and investment between the EU and United States, unleashing the untapped potential of a truly transatlantic market place. The agreement is expected to create jobs and growth...

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17 Jun
Chapter News, News

EU Council gives the green light to launch free-trade talks with the United States

On 14 June 2013, EU trade ministers mandated the Commission to negotiate a sweeping EU–US trade and investment pact. The talks are expected to be formally launched at the G8 on 17 June. This "transatlantic trade and investment partnership" (TTIP) is a major priority for the Irish Presidency of the Council. "The main achievement today has been the EU–US mandate," said Richard Bruton, Irish Minister for Jobs, Enterprise and Innovation, who chaired the Council meeting. "This agreement will...

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17 Jun
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Minister Bruton briefs EU Parliament on Friday’s historic agreement on EU/US Trade

EU Trade Council on Friday reached agreement on mandate to start talks on Transatlantic Trade and Investment Partnership Ireland's Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, is today (Monday) in Brussels to brief the EU Parliament's Committee on International Trade (INTA) on Friday’s historic agreement at the EU Trade Council on a mandate to start talks with the US on a Transatlantic Trade and Investment Partnership (TTIP). Last Friday the Council of EU Trade Ministers, chaired by Minister Bruton,...

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17 Jun
Chapter News, News

The European Union at the G8 Summit in Lough Erne (UK)

17/06/2013  -  External relations and foreign affairs This year's G8 summit takes place in Lough Erne in Northern Ireland and is chaired by UK Prime Minister David Cameron. The European Union is a full member of the G8 and is represented by European Council President Van Rompuy and European Commission President Barroso.  |PHOTOS|VIDEO| In this context also see: The European Union at the G8 summit in Lough Erne (UK) on 17-18 June 2013  FACTSHEET: The G8 Summit in Lough Erne (UK) on 17-18...

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12 Jun
Chapter News

ExportNYC: A Roadmap for Creating Jobs Through Exports

We wanted to let you know about a new report the office of the  Manhattan Borough President released today called ExportNYC: A Roadmap for Creating Jobs Through Exports. You can read more about it in today’s Wall Street Journal, and access the full report on their website here. With ExportNYC, they offer a comprehensive vision for how New York can help local businesses create solid, good paying jobs by exporting more of their goods and services around the globe. In 2010,...

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11 Jun
Chapter News, New York Related News, News

Mayor Bloomberg Outlines Ambitious Proposal To Protect City Against The Effects Of Climate Change To Build A Stronger, More Resilient New York

Multi-Year Investments to Fortify Vulnerable Neighborhoods and Increase Economic Development Across the City – Including Areas Recovering from Hurricane Sandy Mayor’s Address and the Report – “A Stronger, More Resilient New York” – Available on www.nyc.gov             Mayor Michael R. Bloomberg today presented “A Stronger, More Resilient New York,” the comprehensive and ambitious report that analyzes the city’s climate risks and outlines recommendations to protect neighborhoods and infrastructure from future climate events. In the aftermath of Hurricane Sandy, Mayor Bloomberg...

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