Brussels, 18 June 2015 -- The European Commission has initiated infringement proceedings against five Member States today requesting them to terminate intra-EU bilateral investment treaties between them ("intra-EU BITs"). BITs are agreements establishing the terms and conditions for private investment by nationals and companies of one state in another one. Intra-EU BITs are agreements that exist between EU Member States. Many of these intra-EU BITs were agreed in the 1990s, before the EU enlargements of 2004, 2007 and 2013. They...

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Today, June 17, the European Union and its Member States hold a Climate Diplomacy Day with a series of events throughout the United States to raise awareness of the threat from climate change, and stress the importance of reaching a new climate agreement at the United Nations Climate Conference in Paris this December, one which will limit any global temperature rise to 2°C and avoid potentially disastrous man-made impacts on our climate. "2015 is a decisive year for climate negotiations,"...

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Brussels, 17 June 2015 -- Today the Commission presented an Action Plan to fundamentally reform corporate taxation in the EU. The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses. Collectively, these measures will significantly improve the corporate tax environment in the EU, making it fairer, more efficient and more growth-friendly. Key actions include a strategy to re-launch the Common Consolidated Corporate Tax Base (CCCTB) and a framework...

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The Capital Markets Union (CMU) should boost the efficient allocation of savings to fund businesses, protect cross-border investors and create a new channel to finance the real economy, said economic and monetary MEPs in a resolution on Tuesday. They want CMU building blocks such as diverse investment choices, risk mitigation and clear investment information across the EU to be in place by 2018 to complement bank financing The economic and monetary affairs committee want to see a balanced approach under...

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Introductory statement by Mario Draghi, President of the ECB | Brussels, 15 June 2015 Mr Chairman, Honourable members of the Committee on Economic and Monetary Affairs, Ladies and gentlemen, I am happy to be back to this committee for my regular hearing. Today, I would like to share with you the ECB’s assessment of the current economic and monetary conditions in the euro area. I will then touch on the subject chosen for our exchange of views, namely the risks and...

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European Council | Council of the European Union The presidency briefed ministers on the state of play on the proposals for a telecommunications single market (roaming and net neutrality) currently being negotiated with the European Parliament. MAIN RESULTS: Telecommunications Telecommunications single market The presidency briefed ministers on the state of play on the proposals for a telecommunications single market (roaming and net neutrality) currently being negotiated with the European Parliament. The telecommunications single market proposal was also discussed by ministers at an informal breakfast...

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