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Transatlantic News
Transatlantic News
06
Jan
European Commission - Fact Sheet | Brussels, 06 January 2015
On 1 January 2015, Lithuania adopted the euro as its official currency and the changeover is running smoothly and according to plan. The previous national currency – the litas – will be phased out during a transitional two-week dual circulation period when both currencies have legal tender status in Lithuania. By Saturday, 3 January, 89% of customers were getting their change in euro. No major problems were observed in banks...
02
Jan
Opinion piece by Mario Draghi, President of the ECB, for Project Syndicate, 2 January 2015
There is a common misconception that the euro area is a monetary union without a political union. But this reflects a deep misunderstanding of what monetary union means. Monetary union is possible only because of the substantial integration already achieved among European Union countries – and sharing a single currency deepens that integration. If European monetary union has proved more resilient than many thought, it...
29
Dec
State and City each commit an initial $50 million to launch the initiative, which will make the Brooklyn waterfront community more resilient – part of comprehensive, citywide resiliency plan
NEW YORK—Governor Andrew M. Cuomo and Mayor Bill de Blasio today announced a Request for Proposals (RFP) for the study and design of an integrated flood protection system (IFPS) in the Red Hook neighborhood of Brooklyn. The project, for which the City and State are each committing an initial $50 million,...
22
Dec
European Council Conclusions - 18 December 2014
It was the first European Council chaired by Donald Tusk as President and it followed a shorter format, a '1-day summit'. It allowed EU leaders to take clear decisions and set firmer orientations on:
Investing in Europe
EU leaders looked at ways of improving the investment environment in Europe and said that this improvement was needed to reinforce structural reforms and fiscal consolidation carried out by member states.
European Fund for Strategic Investment (EFSI)
They backed...
16
Dec
On January 1, 2015, Lithuania becomes the 19th EU Member State to adopt the euro as its currency, completing the shift by all three Baltic nations to the EU’s single currency. The EU Member States that have adopted the euro constitute the euro area, and all are subject to the monetary policy set by the European Central Bank.
Lithuania satisfied the necessary economic convergence criteria prior to taking this historic step:
• Price stability. The inflation rate should not be more...
15
Dec
On December 5, 2014, the Comptroller's Office released a Request for Information (RFI) in order to invite responses and gather information regarding options for electronic processing of contract invoices and payments. The Comptroller is seeking information regarding new technologies and approaches to inform the transition of the invoice submission, review, and approval processes from their mostly paper-based current state to an electronic solution in a secure, scalable, and cost effective manner.
The RFI can be found at: https://comptroller.nyc.gov/forms-n-rfps/rfps-n-solicitations/?id=7#active.
The Comptroller’s Office is considering holding a pre-submission...
12
Dec
Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs | Conference "Investing in Long-Term Europe: Re-Launching Fixed, Network and Social Infrastructure" | Rome, 12 December 2014
"Ladies and gentlemen, dear Colleagues,
It is a real pleasure for me to speak in front of you today. The first day of this Conference has been very fruitful in bringing together academics, investors, and policy makers, from Europe and from the member states, around one subject: how to make long term investment in Europe happen...
11
Dec
As of 13 December 2014, new EU food labelling rules, adopted by the European Parliament and the Council in 2011, will ensure that consumers receive clearer, more comprehensive and accurate information on food content, and help them make informed choices about what they eat.
The EU Commissioner in charge of Health and Food Safety, Vytenis Andriukaitis said: "As of 13 December 2014, European citizens will see the results of years of work to improve food labelling rules. Key content information...
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