A multi-country action day coordinated by Eurojust in The Hague led to the dismantling of an international criminal network committing massive fraud with pay-TV, which shows organised crime expanding its illegal activities to large-scale violations of audiovisual copyright. The actions taken in this unique case in the European Union are the result of complex investigations conducted by prosecutors from Naples and Rome, with the support of judicial and police authorities from Bulgaria, Germany, Greece, France, and the Netherlands, as...

Christine Lagarde obtained Parliament’s approval to be the ECB’s next President, in a plenary vote on Tuesday. In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Ms Lagarde to head up the European Central Bank. The European Parliament gives a non-binding opinion on whether or not a candidate is suitable to fill the role of President of the ECB, with the final decision taken by the European Council. She is due to replace the...

Climate change is a defining challenge of our generation and the European Union (EU)  has been at the forefront of negotiating a multilateral framework to respond to this global challenge. In 2015, the EU diplomacy played a leading role in brokering the historic and global Paris Climate Agreement. 195 countries agreed on a simple goal: to hand over to future generations a healthier planet and more prosperous, modern and fair societies. The EU has acted domestically with speed and decisiveness to...

The World Bank today announced the 28-month debarment of Spanish engineering company Ingeniería Especializada Obra Civil e Industrial S.A.U. in connection with corrupt, collusive and fraudulent practices in the World Bank-financed National Roads and Airport Infrastructure Project in Bolivia. At the time of the misconduct, the firm’s name was Acciona Ingeniería S.A., and it operated in Bolivia through a branch office. The debarment makes Ingeniería Especializada Obra Civil e Industrial S.A.U. ineligible to participate in World Bank-financed projects. The debarment...

When savers and firms invest and borrow beyond their national borders, they enjoy opportunities to diversify their portfolios and lower their funding costs, respectively. In Europe, this idea—of an integrated financial system that offers a richness of financing choice—remains an elusive goal: capital markets are far from integrated. <!--more--> Our recent research finds that European finance is still sharply segmented along national lines, with savers and investors depending heavily on national banking systems. Although the landscape is dotted with many different...

Demand for tertiary education continues to rise, but its further expansion will only be sustainable if it matches the supply of graduates with labour market and social needs and gives them the skills required to navigate the future, according to a new OECD report. Education at a Glance 2019, which is part of the Organisation’s “I am the Future of Work” campaign, finds that 44% of 25-34 year-olds held a tertiary degree in 2018, compared to 35% in 2008, on...