The European Commission has today released its 2014 Convergence Report, which assesses eight Member States' readiness to join the single currency. These countries have made uneven progress on the road to euro adoption, but Lithuania stands out from this group as it now fulfils the convergence criteria. The Commission is therefore proposing that the EU Council of Ministers decide that Lithuania can adopt the euro on 1 January 2015. The Council will take the final decision on the matter in...

Speech by Yves Mersch, Member of the Executive Board of the ECB,  at the Information Club Meeting | Luxembourg, 31 May 2014 Ladies and gentlemen, Thank you very much for inviting me to speak at this event. What I would like to address in my remarks is what went wrong with the governance of the euro area and how to fix it. But as this has been much discussed in the past, I want to come at the question today from a...

The European elections are now behind us, but many questions have yet to be answered. The next few days should cast more light on who will be the next Commission president and which political groups will find common ground to shape the agenda of the new Parliament. Here is a brief look at what comes next. New Commission President The Conference of Presidents, which consists of the leaders of parliamentary groups and the EP president, meets early on Tuesday 27 May,...

Check the EU Election Results EU wide and by individual country. By using the drop down you can review the results for each of the EU countries. Happy exploring! To better understand what this will mean for your business activities, be sure you attend our upcoming seminars. The European-American Chamber of Commerce hosts programs to educate our members and the larger tristate community about relevant issues for participants in transatlantic business activities and transactions. If you are an active participant of commerce...

One currency for one Europe. Wondering how the single currency came into being and what the Economic and Monetary Union is all about? Check out this EU primer on the topic, which contains just about everything you ever wanted to know about the euro (and were afraid to ask!).  Read more.

Brussels, 21 May 2014 -- Today, 26 Member States have signed the Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund (SRF), an essential part of the Single Resolution Mechanism (SRM) - STATEMENT/14/119. This is an important signal of the commitment of Member States, to make the banking union a success. The Agreement signed today is a key component of the SRM as it is the pre-requisite to the application of certain provisions in the SRM...

With most financial reform measures now adopted, the European Commission has today published a first comprehensive review of the financial regulation agenda as a whole. This economic review sets out how the reforms will deliver a safer and more responsible financial system by enhancing financial stability, deepening the single market for financial services and improving its efficiency whilst improving market integrity and confidence. Evidence suggests that the total expected benefits of the financial regulation agenda will outweigh the expected...