The Court of Justice of the European Union (CJEU) ruled on 3 June that qualified investors can also hold Bankia (now part of CaixaBank) liable for inaccuracies contained in the brocure for its IPO in 2011, as it did not reflect the bank’s accounting reality. The case pits Bankia against Unión Mutua Asistencial de Seguros […]
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Is the European Commission up to the task?
MEPs want the European Commission to prove it’s up to the task of defending the EU budget from member states violating the rule of law principle. MEPs will discuss the application of the rules adopted in 2020 linking the disbursement of EU funds to member states respecting the rule of law and EU values […]
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Is a circular economy possible by 2050?
Find out about the EU’s circular economy action plan and what additional measures MEPs want to reduce waste and make products more sustainable. A circular economy will reduce CO2 emissions, stimulate economic growth and create jobs. If we keep on exploiting resources as we do now, by 2050 we would need the resources of three […]
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Eurojust supports Spanish action against massive VAT fraud
Eurojust has supported an operation against large-scale VAT fraud, money laundering and forgery of documents, which have cost the Spanish tax authorities EUR 26 million in missed revenues In record time, the Agency coordinated the judicial cooperation with Slovakia, Belgium and the Netherlands to halt the fraud scheme. The scammers had set up a series […]
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Post-COVID aid: Spain to receive 36.6 million euros
Whilst approving the new aid, MEPs called on the Commission to simplify the EU Solidarity Fund to ensure it can respond to climate change and more frequent natural disasters. Parliament agreed to mobilise €397.5 million from the European Union Solidarity Fund (EUSF) to help 17 member states and three accession countries to safeguard public health […]
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Nearly 70 billion euros in Spain’s Recovery Plan
The Commission has received official recovery and resilience plans from Denmark, Spain, Latvia and Luxembourg. The Recovery, Transformation and Resilience plan aims to provide €672.5 billion in loans and grants to support reforms and investments undertaken by Member States. The aim is to reduce the economic and social impact of the coronavirus pandemic and to […]
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Green light for a more accessible Globalisation Fund
The European Commission has proposed to mobilise EUR 345,000 for technical assistance for the European Globalisation Adjustment Fund (EGF). This proposal has been endorsed by the European Parliament’s Committee on Budgets, which stressed that the fund should be used to support permanently redundant workers and the self-employed in the context of the global crisis caused […]
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LIFE 2021 Program
LIFE is the only programme at EU-level solely dedicated to the environment and climate and the programme for 2021-27 is the most ambitious yet. There will be €3.5 billion for environmental activities and €1.9 billion for climate action. The programme is part of the Green Deal package proposed by the European Commission. Creating a cleaner and more circular […]
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Eurojust assists with halting online investment scam in Italy
Eurojust has assisted the Italian authorities in halting an online investment scam used to launder money for an estimated amount of EUR 9.6 million. The swindle also defrauded more than 100 Italian victims for a total of at least EUR 1.3 million via a website, operating through a market-listed German investment company registered in Cyprus. […]
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