Transatlantic News

Transatlantic News

Chapter News

EU to set up new European Partnerships and invest nearly €10 billion for the green and digital transition

The Commission proposed today to set up 10 new European Partnerships between the European Union, Member States and/or the industry. The goal is to speed up the transition towards a green, climate neutral and digital Europe, and to make European industry more resilient and competitive. The EU will provide nearly €10 billion of funding that the partners will match with at least an equivalent amount of investment. This combined contribution is expected to mobilise additional investments in support of the transitions, and...
Brexit News, Chapter News

Data protection: European Commission launches process on personal data flows to UK

On February 19, the Commission launched the process towards the adoption of two adequacy decisions for transfers of personal data to the United Kingdom, one under the General Data Protection Regulation and the other for the Law Enforcement Directive. The publication of the draft decisions is the beginning of a process towards their adoption. This involves obtaining an opinion from the European Data Protection Board (EDPB) and the green light from a committee composed of representatives of the EU Member States. Once...
Chapter News

IMF | Solidarity and Cooperation: Europe’s Response to the Crisis

Keynote Speech by IMF Managing Director Kristalina Georgieva at the EU Parliamentary Conference *As prepared for delivery* Thank you for the opportunity to address you today.  As EU Commissioner I benefitted from interactions with this Conference and am honored to join you again at this critical time. Jean Monnet once said: “People only act in a state of necessity and usually only recognize necessity in a situation of crisis.” We are in a crisis and it is time for action.  In 2020, 90 percent...
Chapter News

EU industry: EU Commission takes action to improve synergies between civil, defence and space industries

Today, the Commission presents an Action Plan on Synergies between civil, defence and space industries to further enhance Europe's technological edge and support its industrial base. The Action Plan is devised against the background that, for the first time, EU funding presents opportunities to reinforce European innovation by exploring and exploiting the disruptive potential of technologies at the interface between defence, space and civil uses, such as cloud, processors, cyber, quantum and artificial intelligence. Margrethe Vestager, Executive Vice-President for ‘a Europe fit for...
Chapter News

ECB | Investing in our climate, social and economic resilience: What are the main policy priorities?

Speech by Christine Lagarde, President of the ECB, at the opening plenary session of the European Parliamentary Week 2021 in virtual format I would like to thank you warmly for inviting me to speak to you today. It is a privilege to have an opportunity to talk to the citizens’ representatives at the heart of European democracy. Events like this one allow us to consider national debates in discussions about our common challenges as Europeans. For all of us, the past year...
Chapter News, COVID-19 News

EU doubles contribution to COVAX to €1 billion to ensure safe and effective vaccines for low and middle-income countries

The European Union has announced today an additional €500 million for the COVAX Facility, doubling its contribution to date for the global initiative that is leading efforts to secure fair and equitable access to safe and effective COVID-19 vaccines in low and middle-income countries. This new pledge brings us closer to achieving COVAX's target to deliver 1.3 billion doses for 92 low and middle income countries by the end of 2021. Team Europe is one of the lead contributors...
Chapter News

IMF | Structural Factors and Central Bank Credibility Limit Inflation Risks

After ending last year with unexpectedly strong vaccine success and hope that the pandemic and economic distress it caused would recede, we woke up to the reality of new virus variants and the unpredictable, winding road that it can lead the world down. Something similar has happened with the discourse on inflation. At the end of last year, after a historic collapse of the global economy estimated at -3.5 percent, inflation was below target in 84 percent of countries. This...
Chapter News, Trade & TTIP Related

WTO | History is made: Ngozi Okonjo-Iweala chosen as Director-General

WTO members made history today (15 February) when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General. When she takes office on 1 March, Dr Okonjo-Iweala will become the first woman and the first African to be chosen as Director-General. Her term, renewable, will expire on 31 August 2025. “This is a very significant moment for the WTO. On behalf of the General Council, I extend our warmest congratulations to Dr Ngozi Okonjo-Iweala on...

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