Transatlantic News
Transatlantic News
05
May
Joint Statement U.S.-EU Energy Council
1. The seventh United States-European Union Energy Council met today in Washington, D.C., chaired by U.S. Secretary of State John Kerry, U.S. Secretary of Energy Ernest Moniz, EU High Representative/Vice President Federica Mogherini, European Commission Vice President Maroš Šefčovič and European Commissioner Miguel Arias Cañete. Minister for the Environment of the Netherlands Sharon Dijksma represented the Presidency of the Council of the European Union. The Energy Council, a forum on U.S.-EU energy priorities, promotes transparent,...
04
May
With growth slowing and the region facing a wide array of challenges — from the long-running Greek debt crisis to the possibility of a British exit from the European Union — the European Commission, the 28-nation bloc’s executive arm, warned on Tuesday of “high risks” and “substantial uncertainty” in the economy.
Here are some highlights from the commission’s latest forecast:
The European Economy
“The recovery in the euro area remains uneven, both between member states and between the weakest and the strongest...
03
May
The European Commission is today publishing its report on the EU crowdfunding sector, part of the Capital Markets Union Action Plan.
Supporting innovative ways of connecting savings to growth and diversifying the funding sources for European businesses is crucial to improving growth and job creation in Europe.
The report finds that crowdfunding remains relatively small but is developing rapidly. If appropriately regulated, it has the potential to be a key source of financing for SMEs over the long term. EU Member...
03
May
The European Central Bank (ECB) today publishes a legal act adopted on 28 April 2016 relating to the second series of targeted longer-term refinancing operations (TLTRO-II).
TLTRO-II is intended to reinforce the ECB’s accommodative monetary policy stance and to strengthen the transmission of monetary policy by further incentivising bank lending to the real economy.
Decision ECB/2016/10 of 28 April 2016 on the second series of targeted longer-term refinancing operations defines the conditions for participation in TLTRO-II and other operational aspects.
In line...
03
May
Economic growth in Europe is expected to remain modest as key trading partners' performance has slowed and some of the so far supportive factors start to wane. As a result, GDP in the euro area is forecast to continue growing at modest rates over the 2015-2017 period. According to its spring forecast, the Commission expects euro area GDP of 1.6% in 2016 and 1.8% in 2017 after 1.7% in 2015 (Winter forecast: 2015: 1.6%, 2016: 1.7%, 2017: 1.9%). GDP...
03
May
The fight for fair taxation in the EU is high on Parliament's agenda following the revelations as a result of LuxLeaks and the Panama papers. At a time when EU countries are struggling to recover from the crisis, MEPs are pushing for greater transparency and an end to tax unfair practices. Read on for our overview of Parliament initiatives.
The new committees dealing with tax issues
Parliament has set up two special committees to look into tax rulings and is in...
02
May
For years, New York — a city not accustomed to being second banana — has looked on as Silicon Valley has solidified its influence over the technology industry.
Sure, New York has added tens of thousands of good-paying tech jobs while the Wall Street job engine has sputtered. And the city’s start-ups pulled in $1.94 billion in venture funding in the first three months of this year, the most for any quarter in five years and second only to Silicon...
02
May
The EU's Chief TTIP negotiator, Ignacio García Bercero, has summarised progress made in the 13th round of talks.
Read his remarks here.
Compliments of the European Commission