Transatlantic News

Transatlantic News

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New EU Strategy for International Science Cooperation

The European Commission has set out a new strategy for developing international cooperation in research and innovation with a particular focus on global challenges such as climate change, food security and fighting diseases. The new strategy will be mainly implemented through Horizon 2020, the EU's funding program for research and innovation from 2014, as well as through joint initiatives with EU Member States. Multi-annual programs will be established for cooperating with key partner countries, including the United States. The strategy...
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Food quality labels: faster delivery, better protection, clearer information

Plenary Session Agriculture − 13-09-2012 - EU Parliament The time it takes to obtain an EU quality label for farm produce from a given geographical area, or produced in a traditional way, could be halved by a regulation endorsed by Parliament on Thursday. The new rules, agreed by EP Agriculture Committee MEPs and Council negotiators in June, would also introduce a new label for "mountain" products. Labels for island produce and farm gate sales may follow soon. "This regulation will...
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Commission proposes new ECB powers for banking supervision as part of a banking union

Brussels/Strasbourg, 12 September 2012 Today's proposals for a single supervisory mechanism (SSM) for banks in the euro area are an important step in strengthening the Economic and Monetary Union (EMU). In the new single mechanism, ultimate responsibility for specific supervisory tasks related to the financial stability of all Euro area banks will lie with the European Central Bank (ECB). National supervisors will continue to play an important role in day-to-day supervision and in preparing and implementing ECB decisions. The Commission...
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President Barroso delivers the State of the Union Address 2012

In his annual State of the Union address to the European Parliament, European Commission President José Manuel Barroso today made a strong case for new direction and a new thinking for Europe. He sketched out the way towards more European unity to overcome the crisis and maintain sovereignty in a globalized world. Noting that the questions of the future cannot be answered with the tools of the past, he stressed that "in an interconnected world, Europe's Member States on their...
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Mario Draghi, President of the ECB: The Euro is Irreversible

Below is a transcript of a report on the outcome of today’s meeting of the Governing Council, which was attended by the President of the Eurogroup, Prime Minister Juncker, and by the Commission Vice-President, Mr Rehn. Based on our regular economic and monetary analyses, the ECB decided to keep the key ECB interest rates unchanged. Owing to high energy prices and increases in indirect taxes in some euro area countries, inflation rates are expected to remain above 2% throughout 2012,...

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