Speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the 8th Conference on the Banking Union, Goethe University, Frankfurt am Main | Many thanks for your kind introduction and for having me here today at this 8th Conference on the Banking Union. I am especially happy to be here, for this is the first time since I joined the European Central Bank last December that I am...

Read more

Today, the Commission takes legal action against 19 Member States failing to deliver the benefits of EU digital legislation in the area of audio-visual media and telecommunications. These Member States are required to transpose into their national laws two new sets of rules, without further delay: the Audio-Visual Media Services Directive and the European Electronic Communications Code, and inform the Commission about this transposition. Both Directives are crucial for the EU's digital transition, after having been commonly agreed by Member States, and...

Read more

Today, the European Parliament, the Council and the Commission celebrate the launch of an annual ‘EU organic day'. The three institutions signed a joint declaration establishing from now on each 23 September as EU organic day. This follows up on the Action Plan for the development of organic production, adopted by the Commission on 25 March 2021, which announced the creation of such a day to raise awareness of organic production. At the signing and launch ceremony, Commissioner for Agriculture Janusz Wojciechowski said: “Today we celebrate organic...

Read more

The European American Chamber of Commerce (EACC) conducted a survey between September 13 and 17, 2021 to better understand how the EU/US travel ban in place since Spring 2020 has impacted companies engaged in transatlantic business. The survey was conducted by EACC’s local chapters on both sides of the Atlantic. 132 responses were received with 38.6 % characterized as professional services firms, 21.2% as manufacturers, 9.1 % as financial services and the rest as Transportation/Logistics, Education, Travel/Hospitality and Other. Nearly 90% of respondents...

Read more

Four economy-wide factors—governance, education, infrastructure, and trade policy—relate closely to more varied and complex exports across countries As the world’s biggest copper producer, Chile’s shipments of the metal meet around one-third of global demand and represent about half its goods exports. But beyond mining’s dominance, Chile’s trade flows are more varied and complex than they may appear, with significant exports of vehicles, pharmaceuticals and telecommunications equipment. And according to a recent IMF staff paper, the Andean economy is among those that shine...

Read more