European citizens and businesses will benefit from deeper financial integration and a more stable financial system, thanks to Commission plans to accelerate with the completion of the missing parts of the Banking Union. The Banking Union must be completed if it is to deliver its full potential in making the Economic and Monetary Union (EMU) more stable and resilient to shocks, while limiting the need for public risk sharing. This is beneficial for the entire Single Market. Building on the...

By Maureen Book, Research Analyst, SelectUSA  High-Tech Industry Employment Concentration, High-Tech Employment/All Employment, by Metro Area, 2015 Source: U.S. Census Bureau, 2015 County Business Patterns, Accessed July 6, 2017, factfinder.census.gov SelectUSA released its second industry-focused report: “High-Tech Industries: The Role of FDI in Driving Innovation and Growth” on Sept. 19. This report provides an in-depth look at high-tech clusters in the United States, and gives the first-ever analysis of the role of foreign direct investment (FDI) in high-tech industries. The report’s biggest takeaway is...

By Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank Speech given at New York University in New York. 11 October 2017   1   Introduction: Whither globalisation? Whither free mar- kets? Ladies and gentlemen It gives me great pleasure to be back in New York and at NYU. Today I want to talk about two things: chocolate and Nobel prizes. Stay with me for a moment. Some time ago, I stumbled upon a story that connected chocolate and Nobel prizes in a way...

Main results The Council adopted a directive introducing a new system for resolving double taxation disputes between member states. The directive strengthens the mechanisms used to resolve disputes between member states that arise from the interpretation of agreements on the elimination of double taxation.  "This new system is a big improvement. It will encourage investment by creating a more favourable tax environment and reducing costs for businesses", said Toomas Tõniste, minister for finance of Estonia, which currently holds the Council presidency.  The Council adopted...

The European Commission published today the 7th Cohesion report The European Commission published today the 7th Cohesion report, taking the pulse of EU regions, drawing lessons from cohesion spending during the crisis years and setting the scene for Cohesion Policy after 2020. Analysing the current state of the EU's economic, social and territorial cohesion, the Cohesion report shows that Europe's economy is bouncing back but disparities persist between and within our Member States. Without pre-empting the final proposal of the Commission on Cohesion policy...

Speech - François VILLEROY DE GALHAU , Vienna Ladies and gentlemen, I would like to thank the Oesterreichische Nationalbank and my friend Governor Ewald Nowotny for having invited me today. A little more than one year ago, the full Governing Council of the ECB celebrated in this very place the 200th anniversary of the Oesterreichische Nationalbank (OeNB). Today, your country is on the eve of important national elections‎. Throughout history, Vienna has been one of the centres of Europe, and Austria...

The EU remains on a firm path towards more employment and growth according to the latest Quarterly Review on Employment and Social Developments in Europe. Employment in the EU continues to grow at a consistent pace and in almost all Member States. Employment increased by 1.5 % in the EU and 1.6% in the euro area in the second quarter of 2017 compared tothe same period in 2016.There are 3.5 million and 2.4 million more people employed in the EU...