Transatlantic News

Transatlantic News

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President Schulz on EU proposals: “A hand stretched to the Greek people”

EP President Martin Schulz said the EU institutions are appealing to the Greek people to vote in favour of their proposals during Sunday's referendum. Speaking about proposals made to continue economic support for the country, Schulz said yesterday this represented "a hand stretched to the Greek people", adding that the result of the referendum would prove "fundamental" to Greece's position in the euro zone. "What will happen in the referendum affects first of all the Greek people," he said....
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Extraordinary Conference of Presidents convenes to discuss Greece

Today the European Parliament's Conference of Presidents (EP President and political group leaders) discussed the latest situation on Greece with Commission President Jean-Claude Juncker. The Conference of Presidents then discussed the situation further and adopted a position on the immediate next step that should be taken. It called for all parties to the talks on Greece to return to the negotiating table before the end of Tuesday to discuss how to avoid negative developments for Greece and possible ways of...
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EU Commission puts forward record €13.1 billion investment in transport infrastructure to boost jobs and growth

Brussels, 29 June 2015 -- Today the Commission is further delivering on its top priority of creating jobs and boosting growth in Europe, by unveiling a record €13.1 billion investment plan in 276 transport projects, selected under the Connecting Europe Facility (CEF). This investment will unlock additional public and private co-financing for a combined amount of €28.8 billion. Along with the future European Fund for Strategic Investments (EFSI), the CEF will play a major role in bridging the investment gap...
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Information from the European Commission on the latest draft proposals in the context of negotiations with Greece

Brussels, 28 June 2015 - In the interest of transparency and for the information of the Greek people, the European Commission is publishing the latest proposals agreed among the three institutions (European Commission, European Central Bank and International Monetary Fund), which take into account the proposals of the Greek authorities of 8, 14, 22 and 25 June 2015 as well as the talks at political and technical level throughout the week. Discussions on this text were ongoing with the Greek...
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Emergency Liquidity Assistance [ELA] to Greek banks maintained at its current level

ECB takes note of decision on Greek referendum and the non-prolongation of the EU adjustment programme ECB will work closely with Bank of Greece to maintain financial stability Emergency liquidity assistance maintained at Friday’s (26 June 2015) level Governing Council stands ready to review decision Governing Council closely monitoring situation and potential implications for monetary policy stance The Governing Council of the European Central Bank today welcomed the commitment by ministers from euro area Member States to take all necessary measures to further improve...
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Eurogroup Update on Greek Negotiations 6/27/2015

On 26 June the Greek authorities decided to reject the proposals by the institutions (the European Commission, the European Central Bank and the International Monetary Fund) for Greece's reforms plan. The plan, which has been negotiated since February, is a precondition to unlocking the remaining financial assistance for Greece under the current arrangement. The Greek government decided to call for a referendum on these proposals. It is expected to take place on Sunday, 5 July 2015, after the expiration date...
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5 Presidents Report: Stability and trust, cement for Europe’s EMU

The European Economic and Social Committee (EESC) welcomes the endorsement made today by the Heads of State or government at the European Council of the so-called 5 Presidents' Report on "Completing Europe's Economic and Monetary Union".  Political will has now to deliver on citizens' expectations for growth and jobs, says the EESC. Today's move is a strong signal of support for more integration – and therefore stability – in the Eurozone and a push for increased trust between Members...
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Ready for Signature: Congress Delivers on Bipartisan Trade Promotion Authority Legislation

WASHINGTON, DC — Yesterday, in a bipartisan vote, the Senate passed legislation establishing trade promotion authority (TPA). This action follows House passage last week, and the bill will now head to the president for his signature. In response, House Ways and Means Committee Chairman Paul Ryan (R-WI) issued the following statement. “Years of hard work have finally paid off. This is a win for our economy, for our national security, for government accountability, and for American leadership. With TPA in...

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