Transatlantic News

Transatlantic News

Chapter News, Trade & TTIP Related

All MEPs to have access to all confidential TTIP documents

All Members of the European Parliament will have access to all categories of confidential documents relating to the EU’s Transatlantic trade and investment partnership (TTIP) talks with the USA, under a European Parliament/European Commission agreement approved by the College of Commissioners on Wednesday. The accessible documents will include the so-called “consolidated texts”, which reflect the US position. “Eleven months of negotiations with the Commission have paid off. The result is a big win for the European Parliament – all MEPs...
Chapter News

Leading the Charge Against Climate Change

The climate is changing, as it has periodically over the millennia. But in the 21st century and the latter part of the 20th century, human activities— particularly the combustion of fossil fuels—are primarily responsible for the carbon dioxide and other greenhouse gas (GHG) emissions that are accelerating the rate of climate change, heating the earth’s surface and atmosphere sufficiently totrigger potentially catastrophic consequences for the planet and its populations. Unless global emissions are reduced by at least half of the 1990 levels by 2050, a temperature rise of 2° C (3.6°...
Chapter News

Eurostat: Euro area unemployment rate at 10.7%

The euro area (EA19) seasonally-adjusted unemployment rate was 10.7% in October 2015, down from 10.8% in September 2015, and from 11.5% in October 2014. This is the lowest rate recorded in the euro area since January 2012. The EU28 unemployment rate was 9.3% in October 2015, stable compared to September 2015, and down from 10.1% in October 2014. This is the lowest rate recorded in the EU28 since September 2009. These figures are published by Eurostat, the statistical office...
Chapter News

EU Banking union: Single resolution fund on schedule for 1 January 2016

The EU's single resolution mechanism will enter into force as foreseen on 1 January 2016. This  signals completion of the second pillar of Europe's banking union. As of 30 November 2015, a sufficient number of member states has ratified an intergovernmental agreement (IGA) on the transfer and mutualisation of contributions to a single resolution fund (SRF). This will allow full operationalisation of the SRF. Single resolution mechanism The single resolution mechanism (SRM) is aimed at ensuring the orderly resolution of failing bankswithout recourse...
Chapter News

October 2015 -Euro area unemployment rate at 10.7% EU28 at 9.3%

The euro area (EA19) seasonally-adjusted unemployment rate was 10.7% in October 2015, down from 10.8% in September 2015, and from 11.5% in October 2014. This is the lowest rate recorded in the euro area since January 2012. The EU28 unemployment rate was 9.3% in October 2015, stable compared to September 2015,and down from 10.1% in October 2014. This is the lowest rate recorded in the EU28 since September 2009. These figures are published by Eurostat, the statistical office of the European...
Chapter News

EU Commission proposes to overhaul prospectus rules to improve access to finance for companies and simplify information for investors

Small and medium-sized companies in particular will find it easier to raise funding when issuing shares or debt. Companies already listed on public markets will also benefit when they want to list additional shares or issue corporate bonds. As part of its Capital Markets Union action plan, the European Commission has today proposed an overhaul of the rules that allow companies to raise money on public markets or by means of a public offer with potential investors. The prospectus rules proposed...
Chapter News

Instant payments across Europe by November 2017

Euro Retail Payments Board tasks payment service industry with the development of scheme for pan-European instant payments in euro Foundation for innovative payment methods such as mobile person-to-person payments The Euro Retail Payments Board (ERPB), a group chaired by the European Central Bank that brings together associations of providers and users of payment services, has invited the European Payments Council, a body representing the payment service providers in Europe, to develop a scheme for instant payments in euro by November 2016...
Chapter News

EU 2016 budget approved by the Council

On 24 November 2015, the Council by unanimity approved the 2016 EU budget deal agreed by the Conciliation Committee on 14 November. If the agreement is also confirmed by the European Parliament on 25 November the EU budget for 2016 is adopted.  The 2016 EU budget provides for €155.00 billion in total commitments. This leaves a margin of €2.3 billion under the expenditure ceiling of the multiannual financial framework for 2014-2020, allowing the EU to react to unforeseen needs. The level oftotal...

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