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Transatlantic News
Transatlantic News
15
Jul
Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament
Thank you for inviting me to take part in this exchange of views. I would like to talk about why we need the digital euro – and the cost of not pursuing it.
My message is simple. The main reason for issuing a digital euro is to preserve the benefits of cash in the digital era....
15
Jul
By September 30, State Agencies Will Compile Data on Effects of Federal Tariffs on New York Consumers, Small Businesses, Farmers, Construction, Tourism and Other Sectors
State Officials Will Use Data Across Each Sector To Produce A Statewide Tariff Economic Impact Report by October 31
Read the New Memo to State Agencies
To Keep New Yorkers Up-To-Date on Programs Available for Tariffs Impact, Governor Launched Tariff Resource Guide
Traducción al español
Governor Kathy Hochul today announced actions to assess cost increases and supply chain disruptions caused...
11
Jul
By Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB
European banks have made forward strides in managing climate and nature-related risks. But more still needs to be done as we often see that practices are only applied to a subset of relevant exposures, geographic areas and risk categories. To help banks improve further, later this year the ECB will publish an updated set of good practices observed in banks...
11
Jul
Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2025 discussions on common euro area policies with member countries. This year, the consultation also included a discussion of the findings of the Financial Sector Assessment Program (FSAP) exercise for the euro area.
Growth in the euro area is likely to stay moderate over 2025-27. Trade tensions and elevated uncertainty are expected to weigh on activity, despite some boost from higher defense and infrastructure spending. In addition, the geopolitical...
10
Jul
Speech by Piero Cipollone, Member of the Executive Board of the ECB, at Banka Slovenije
It is a pleasure to speak to you today.
The ongoing shift in the way we pay is affecting the fundamental fabric of our economies. Whether we are consumers browsing digital marketplaces, entrepreneurs pursuing digital innovation, or decision-makers facing the digital transition, we are all involved in reshaping payments.
Payments are more than a means of settling transactions, they are the lifeblood of a modern economy. And...
10
Jul
Job markets remain resilient, with labour force participation reaching record highs in many OECD countries and unemployment at historically low levels. However, there are signs of a slowdown as geopolitical and trade policy uncertainties dampen economic activity, according to a new OECD report.
The OECD Employment Outlook 2025 reports that OECD-wide employment, which reached 668 million in May 2025 – up by about 26% since 2001 – is expected to grow by around 1.1% in 2025 and 0.7% in 2026. Having been...
10
Jul
NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked down at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations improved. Spending growth expectations slightly declined, while household income growth expectations increased. Households were more optimistic about their year-ahead financial situations and credit access. The survey was fielded from June 2 through June...
08
Jul
The 2nd operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Seville, Spain on July 1st, 2025. It took place in the context of the International Business Forum at the UN's 4th Financing for Development Conference. TRIA is a joint initiative between the European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY), that aims to unite key actors to support the financing of infrastructure investments in low- and middle-income countries.
With only...
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