Transatlantic News

Transatlantic News

Chapter News

European Commission | EU Adopts 13th Package of Sanctions Against Russia After Two Years of its War of Aggression Against Ukraine

The Commission welcomes the Council's adoption of a 13th package of sanctions against Russia. Two years since Russia brutally invaded Ukraine, EU's support for Ukraine and its people remains as strong as ever. Europe is united and determined to continue defending its values and founding principles. This package focuses on further limiting Russia's access to military technologies, such as for drones, and on listing additional companies and individuals involved in Russia's war effort. With this new package the number of...
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ECB | Digital euro: Debunking banks’ fears about losing deposits

Blog post by Ulrich Bindseil, Piero Cipollone and Jürgen Schaaf | On 18 October 2023 the ECB’s Governing Council outlined the scope and key features of a digital euro. The ECB also decided to proceed with the “preparation phase” of the digital euro project. The actual decision on whether to issue a digital euro will be taken at a later stage, but not before the legal framework is in place and all functional features have been specified. Based on the specifications...
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EIB | Investment Report 2023/2024: Transforming for Competitiveness.

Preface by Debora Revoltella, Director of the Economics Department |  The digital and green transitions, combined with a growing roll-back of globalisation, are pushing the European economy to transform to be more sustainable, resilient,  productive, and competitive. Now is the time to accelerate efforts to achieve those aims. After the severe economic shocks caused by the COVID-19 pandemic and the energy crisis, growth has slowed, and the economy risks falling into recession. However, unlike previous crisis periods, investment has...
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European Parliament | Greenwashing: How EU Firms Can Validate Their Green Claims

The Internal Market and Environment committees adopted on Wednesday their position on the rules on how firms can validate their environmental marketing claims. The so-called green claims directive complements the already-approved EU ban on greenwashing. It defines what kind of information companies have to provide to justify their environmental marketing claims in the future. It also creates a framework and deadlines for checking evidence and approving claims, and specifies what happens to companies who break the law. Verification system and penalties MEPs...
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Speech ECB | Preserving people’s freedom to use a public means of payment: insights into the digital euro preparation phase

By Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament | Brussels, 14 February 2024 Thank you for the opportunity to speak before the Committee today. As I emphasised during my confirmation hearing, I am committed to actively pursuing the dialogue with the European Parliament on a digital euro. This year marks the 25th anniversary of the euro and our monetary union. It is up to us to...
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ECB | Eurosystem Accepts a Fifth Rating Agency

Blog post by Diana Gomes and Anamaria Piloiu | The Eurosystem has accepted Scope as a new rating agency alongside Fitch, Moody's, S&P and DBRS. This has a number of implications, including a wider range of credit opinions and expertise being considered for monetary policy purposes. Credit rating agencies are private companies which assess the creditworthiness of issuers of financial instruments – be they governments, commercial banks or corporates. Many investors in the financial markets rely on rating agencies because...
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European Commission | EU and US take stock of trade and technology cooperation

Today, the European Union and the United States held the fifth meeting of the EU-US Trade and Technology Council (TTC) in Washington, D.C. The meeting allowed ministers to take stock of the progress of the TTC's work and to provide political steer on key priorities for the next TTC Ministerial meeting, which will take place in Belgium in spring. The TTC is the main forum for close cooperation on transatlantic trade and technology issues. It was co-chaired by European Commission Executive Vice-President...
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European Parliament | Deal on Plans to Boost Europe’s Net-Zero Technology Production

On Tuesday, Parliament and Council negotiators reached a provisional deal on the Net-Zero industry Act to bolster EU production in technologies needed for decarbonisation. The "Net-Zero industry Act" sets a target for Europe to produce 40% of its annual deployment needs in net-zero technologies by 2030, based on National Energy and Climate Plans (NECPs) and to capture 15% of the global market value for these technologies. During negotiations, MEPs secured an approach based on a single list of technologies to be...

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