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Transatlantic News
Transatlantic News
25
Jan
Today the Commission is proposing additional safeguards and requirements for international travellers into the EU. New coronavirus variants and the volatile health situation worldwide call for further action to ensure that any travel to the EU takes place safely. To reflect the latest scientific advice, the Commission is also proposing updated criteria taking into account the testing rate, testing positivity and detection of variants of concern when deciding on the application of restrictions on non-essential travel to the EU to a specific non-EU country.
Additional safeguards on travel from outside the EU
Member States should introduce additional measures to ensure that travel into the EU takes place safely. This concerns those travelling...
22
Jan
Speech by Governor Lael Brainard at the Inaugural Mike McCracken Lecture on Full Employment Sponsored by the Canadian Association for Business Economics (via webcast) |
I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins.
I am honored to deliver the inaugural Mike McCracken Lecture on Full Employment.1 Widely known for his critical contributions in bringing...
22
Jan
460,000 counterfeit euro banknotes withdrawn from circulation in 2020, a historically low level in proportion to banknotes in circulation
About two thirds of the total were €20 and €50 banknotes
Euro banknotes continue to be a trusted and safe means of payment
All euro banknotes can be verified using the “feel, look and tilt” method
Some 460,000 counterfeit euro banknotes were withdrawn from circulation in 2020 (220,000 in the second half of the year), a decrease of 17.7% when...
22
Jan
Shorter-term inflation expectations largely unchanged; longer-term inflation expectations unchanged at 1.7%
Opposing revisions to real GDP growth outlook, with near-term forecasts revised down but stronger rebound envisaged thereafter
Unemployment rate expectations revised down across all horizons
Respondents to the European Central Bank (ECB) Survey of Professional Forecasters (SPF) for the first quarter of 2021 reported point forecasts for annual HICP inflation averaging 0.9%, 1.3% and 1.5% for 2021, 2022 and 2023 respectively. These were unchanged for both 2021 and...
21
Jan
Criterion to judge if a country’s tax system is fair or not needs to be widened
Countries should not be removed from the blacklist if they only make symbolic tweaks
A 0% tax rate policy should automatically lead to being placed on the blacklist
List has to be formalised through a legally binding instrument by end 2021
MEPs adopted a resolution pushing for the system used to draw up the EU list of tax havens to be changed, as...
21
Jan
‘Always on’ culture leads to increased risk of depression, anxiety and burnout
EU law to define minimum requirements for remote working
No repercussions for workers who exercise their ‘right to disconnect’
Parliament calls for an EU law that grants workers the right to digitally disconnect from work without facing negative repercussions.
In their legislative initiative that passed with 472 votes in favour, 126 against and 83 abstentions, MEPs call on the Commission to propose a law that enables those who...
21
Jan
Christine Lagarde, President of the ECB and Luis de Guindos, Vice-President of the ECB | Frankfurt am Main, 21 January 2021 |
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 Executive Vice-President, Mr Dombrovskis.
The start of vaccination campaigns across the euro area is an important milestone in the resolution of...
20
Jan
Credit standards tightened for loans to enterprises and households
Firms’ demand for loans continued to decline, while demand for housing loans increased
Government guarantees on loans to firms supported bank lending conditions
Credit standards – i.e. banks’ internal guidelines or loan approval criteria – tightened across all loan categories, namely loans to enterprises, loans to households for house purchase and consumer credit and other lending to households in the fourth quarter of 2020, according to the January 2021 bank lending survey (BLS). The net...