Today, the Commission is presenting 'A New Deal for Pollinators' to tackle the alarming decline in wild pollinating insects in Europe, revising the 2018 EU Pollinators Initiative. Citizens have been increasingly calling for decisive action against pollinator loss, also through the recent successful European Citizens' Initiative ‘Save Bees and Farmers'. The renewed initiative sets out actions to be taken by the EU and the Member States to reverse the decline of pollinators by 2030 as today, one in three...

Introductory statement by Fabio Panetta, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament | Brussels, 23 January 2023 | Our investigation into a digital euro started more than a year ago. Closely involving the European Parliament in the investigation phase has been a priority for the ECB from day one. Over the course of 2022, we regularly discussed key design options in this Committee. Your views provided valuable input to...

Europe's got talent. But talent needs to be nurtured, especially as the EU is going through important demographic transition. This is even more needed in regions that suffer from a shrinking labour force and a low share of persons with a tertiary education, and in regions hit by the departure of young people. If left unaddressed, this transition will trigger new and growing territorial disparities as regions age and fall behind in number and skills of their workforce. It can...

Revenue gains from the implementation of a historic agreement to reform the international tax system will be higher than previously expected, according to new OECD analysis released today. The two-pillar solution to address the tax challenges arising from the digitalisation and globalisation of the economy will lead to additional taxing rights for market jurisdictions and put a floor on tax competition through the creation of a global 15% minimum effective corporate income tax rate. The proposed global minimum tax is now...

Stronger financial regulation and supervision, and developing global standards, can help address many concerns about crypto assets The already volatile world of crypto has been upended anew by the collapse of one its largest platforms, which highlighted risks from crypto assets that lack basic protections. The losses punctuated an already perilous period for crypto, which has lost trillions of dollars in market value. Bitcoin, the largest, is down by almost two-thirds from its peak in late 2021, and about three-quarters of...

"Check against delivery" Ladies and Gentlemen, Lieber Klaus, Dear Olena, For almost one year now, Ukraine has stunned the world. On that fateful February morning, many predicted that Kyiv would fall in a matter of days. But this did not account for the morale and physical courage of Ukrainian people. You have resisted the Russian invasion and pushed back against the aggressor against all odds. Not even Russia's relentless attacks on civilians or the spectre of a brutal winter have shaken your resolve....

The Basel Committee's oversight body endorses a global prudential standard for banks' exposures to cryptoassets, for implementation by 1 January 2025. Endorses the Committee's work programme and strategic priorities for 2023–24. The programme prioritises work on emerging risks and vulnerabilities, digitalisation, climate-related financial risks and Basel III implementation. The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 16 December to endorse a finalised prudential standard...