Transatlantic News

Transatlantic News

Chapter News, COVID-19 News

Speech by U.S. FED Chair Powell: Recent Economic Developments and the Challenges Ahead

October 06, 2020 | Speech by Jerome H. Powell, Chair of the U.S. Federal Reserve, at the National Association for Business Economics Virtual Annual Meeting | Good morning. It has been just eight months since the pandemic first gained a foothold on our shores, bringing with it the sharpest downturn on record, as well as the most forceful policy response in living memory. Although it is too early for definitive conclusions, today I will offer a current assessment of the response...
Chapter News

EU climate law: MEPs want to increase 2030 emissions reduction target to 60%

Greenhouse gas budget to ensure EU reaches Paris goal Independent scientific body set up to monitor progress All direct and indirect fossil fuel subsidies should be phased out by 2025 at the latest All member states must become climate neutral by 2050, says Parliament in a vote on the EU climate law, calling for ambitious 2030 and 2040 emissions reduction targets. On Wednesday, Parliament adopted its negotiating mandate on the EU climate law with 392 votes for, 161 against and...
Chapter News, COVID-19 News

European Commission to issue EU SURE bonds of up to €100 billion as social bonds

Today, the European Commission announces that it will issue its forthcoming EU SURE bonds of up to €100 billion as social bonds. To that end, the Commission has adopted an independently evaluated Social Bond Framework. This Framework is meant to provide investors in these bonds with confidence that the funds mobilised will serve a truly social objective. This announcement follows the Council's approval to grant financial support to 16 Member States under the SURE instrument to help protect jobs and people...
Chapter News

EU Commission launches new 10-year plan to support Roma in the EU

The European Commission has today adopted a new 10-year plan, including a proposal for a Council Recommendation, to support Roma in the EU. There are seven key areas of focus: equality, inclusion, participation, education, employment, health, and housing. For each area, the Commission has put forward new targets and recommendations for Member States on how to achieve them, both of which will serve as important tools to monitor progress and ensure that the EU makes more headway in providing the vital support that so many Roma living in the EU still need. Vice-President...
Chapter News

EU Commission assesses and sets out reform priorities for the countries aiming to join the EU

Today, the Commission adopted its Communication on EU enlargement policy and the 2020 Enlargement Package: The annual reports, assessing the implementation of fundamental reforms in the Western Balkans and Turkey, are presented together with clearer and more precise recommendations and guidance on the next steps for those partners, in line with the enhanced enlargement methodology. EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Josep Borrell, said: "The citizens of the Western Balkans are part of Europe and...
Chapter News, Trade & TTIP Related

European Parliament: EVP Dombrovskis speech at the hearing for the Commissioner-Designate for Trade

Statement | 2 October 2020 | By Executive Vice President Valdis Dombrovskis, Commissioner-Designate for Trade Honourable Chairman, Esteemed Members of the European Parliament, I was honoured when President von der Leyen placed her trust in me to continue to lead our shared European trade agenda. I hope that at the end of this hearing, you too will feel satisfied that you can place your trust in me. Honourable members, you already know me. I have worked with this house on many...
Chapter News

IMF | Public Investment for the Recovery

Governments around the world are taking extraordinary measures to respond to the COVID-19 crisis. While maintaining the focus on addressing the health emergency and providing lifelines for households and businesses, governments need to prepare economies for the transition to the post-COVID-19 world—including by helping people get back to work. Public investment has a central role to play. Our new Fiscal Monitor shows that increasing public investment in advanced and emerging market economies could help revive economic activity from the sharpest and deepest...
Chapter News

Special European Council, 1-2 October 2020

Main results On 1 and 2 October, EU leaders met in Brussels to discuss foreign affairs and the EU's economic base. On Thursday, they discussed the situation in the Eastern Mediterranean. They also addressed relations with China, the situation in Belarus, the conflict in Nagorno-Karabakh and the poisoning of Alexei Navalny. On Friday, COVID-19, the single market, industrial policy and digital transition were on the agenda. Leaders were also updated on EU-UK relations and the MFF negotiations with the European Parliament. European Council conclusions, 1-2 October 2020 Remarks by President Charles Michel after the Special...

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