08 Sep
Chapter News

GDP up by 0.4% in both euro area and EU28

Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the second quarter of 2015, compared with the previous quarter, according to a second estimate published by Eurostat, the statistical office of the European Union. In the first quarter of 2015, GDP grew by 0.5% in both areas. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.5% in the euro area and by 1.9% in the EU28 in...

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07 Sep
Chapter News

Speech by President Donald Tusk at the Bruegel Annual Dinner

Thank you for that introduction and those thoughts. I am very glad to be here this evening. First, I want to congratulate Bruegel on a successful decade spent shaping and influencing Europe's economic debate. Not only in Brussels, but in many European capitals. I am personally very happy that my own country, Poland, was one of the founding members of your think-tank. Congratulations once again and keep up the great work. To begin with, I must confess that I have...

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05 Sep
Chapter News

Lagarde Urges More Global Action to Support Growth and Jobs

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of the Group of 20 (G20) Finance Minister and Central Bank Governor Meeting in Ankara: “The G20 meeting took place at a time of renewed uncertainty for the global economy amidst rising financial market volatility, declining commodity prices, depreciating currencies in some countries, and China’s growth transition. Downside risks to the outlook have increased, particularly for emerging market economies. Against this backdrop,...

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04 Sep
Chapter News

Speech by Eurogroup President Jeroen Dijsselbloem at the Finance in Dialogue event in Alpbach, Austria 3 September 2015

Ladies and gentlemen, Let me start by thanking my esteemed colleague in the Eurogroup and your Minister of Finance Hans Jörg Schelling for his kind invitation to visit beautiful Tyrol. Since February the spotlight has been on Greece. I was not very happy about that. We spent many meetings before reaching an agreement on a new program. Greece is in many respects lagging behind the positive outlook for the Eurozone. Almost all countries are leaving the crisis behind. Eurozone-averages on growth,...

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04 Sep
Chapter News

Commission presses Member States on VAT revenue collection

VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission today. VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission today. Based on VAT collection figures from 2013, the overall difference between the expected VAT revenue and the amount actually collected (the so-called "VAT Gap") did not improve on 2012. While 15 Member States...

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04 Sep
Chapter News

ECB response to the European Commission’s consultation on the review of the European Market Infrastructure Regulation (EMIR)

--  Executive Summary -- The ECB welcomes the opportunity to provide its views on the review of EMIR. While it should be recognised that many EMIR requirements have been in force for only a limited period of time, and that others have not yet entered into force, the ECB believes that certain important conclusions can already be drawn. This response puts forward the ECB’s proposals for a future revision of the Regulation, with the main points in this regard summarised...

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03 Sep
Chapter News

EU Parliament Agriculture committee opposes national bans on Imports of GM food and feed

The agriculture committee on Thursday rejected the Commission's draft law that would give member states the power to restrict or prohibit the use of EU-approved GM food or feed on their territory. It fears that arbitrary national bans could distort competition on the EU's single market and jeopardise the Union's food production sectors which are heavily dependent on imports of GM feed. The agriculture committee's opinion, adopted by 28 votes in favour to eight against, with six abstentions, will...

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03 Sep
Member News

Portuguese Footwear industry to invest €160m by 2020 as export drive continues

Portugal's footwear manufacturing sector expects to invest some €160 million between now and 2020 and aims to obtain "formal public recognition" as an industrial cluster, the leather and footwear sector association APICCAPS announced on Tuesday. According to the group, the planned investments with European Union help are to be channeled above all into innovation, with €50 million above all going to explore new techniques, technologies and materials; internationalization, with €70 million; and training, with €36 million. Over the next decade the...

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03 Sep
Chapter News

ECB press conference

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20% respectively.   Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council. As usual, let me start with the decisions...

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02 Sep
Member News

Robert Bosch Foundation Fellowship Program: Call for Nominations

The Robert Bosch Foundation and Cultural Vistas invite US professionals to apply for the 2016-2017 Robert Bosch Foundation Fellowship Program. Bosch Fellows work as consultants in their field of expertise at leading public or private institutions in Germany. Fellows also participate in professional seminars, where they travel to meet and exchange ideas with key figures across Germany and Europe. Fellows are from the fields of business administration, cultural management, journalism, law, non-profit, public policy, and urban planning. PROGRAM HIGHLIGHTS: High-level work...

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