193 Countries today agreed on a series of bold measures to overhaul global finance practices and generate investments for tackling a range of economic, social and environmental challenges at the United Nations Third International Conference on Financing for Development, being held in Addis Ababa. The groundbreaking agreement, the Addis Ababa Action Agenda, provides a foundation for implementing the global sustainable development agenda that world leaders are expected to adopt this September. The agreement was reached by the 193 UN Member...

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Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 16 July 2015 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, which was also attended by the Commission Vice-President, Mr Dombrovskis.Based on our regular economic and monetary analyses, and in line with our forward guidance, we decided to keep the key ECB interest...

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As part of the Energy Union strategy, today the Commission presented proposals to deliver a new deal for energy consumers, to launch a redesign of the European electricity market, to update energy efficiency labelling and to revise the EU Emissions Trading System. The package is an important step towards implementing the Energy Union strategy with a forward looking climate change policy, launched as one of the political priorities of the Juncker Commission in February 2015. Today's proposals give prominence to...

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Collectively, the European Union has consistently been the world’s largest donor of Official Development Assistance in recent years—€ 58 billion in 2014 alone—a reflection of the EU’s determination to help alleviate poverty globally and promote sustainable development. In this European Year for Development, the EU is leading the charge to reach an agreement that will mobilize all possible means to finance the post-2015 development agenda. Neven Mimica, EU Commissioner for International Cooperation and Development, is in Addis Ababa, Ethiopia this week...

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Two days after an agreement paving the way for a new support programme for Greece, the European Commission revealed plans today to help Greece maximise its use of EU funds. As mandated by the Euro Summit on 12/13 July, this will help mobilise more than €35 billion up to 2020 to support the Greek economy, provided that the conditions agreed upon by the Euro Summit will be met. The Jobs and Growth Plan for Greece is meant to flank the...

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Brussels | 13/07/2015 | 09:30 Good morning. Today, we had only one objective: to reach an agreement. After 17 hours of negotiations, we have finally reached it. One can say that we have 'agreekment'. Leaders have agreed in principle that they are ready to start negotiations on an ESM programme, which in other words means continued support for Greece. There are strict conditions to be met. The approval of several national parliaments, including the Greek parliament, is now needed for negotiations...

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The EU Commission adopted its Annual Report on how it monitors the application of Union law in 2014. The internal market remains Europe's best asset for citizens and businesses who benefit from the timely and correct implementation and enforcement of Union law. The 32nd 'Annual Report on Monitoring the Application of EU Law' reviews the Member States’ performance on key aspects of the application of Union law and highlights the main enforcement policy developments of 2014. The Commission launches infringement procedures...

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The current account of the euro area showed a surplus of €238.2 billion (2.3% of euro area GDP) in the four quarters to the first quarter of 2015. At the end of the first quarter of 2015 the international investment position of the euro area recorded net liabilities of €1.3 trillion (approximately 13% of euro area GDP). Current account The current account of the euro area showed a surplus of €54.5 billion in the first quarter of 2015, compared with €23.0 billion...

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