“President Trump’s announcement of universal tariffs on the whole world, including the EU, is a major blow to the world economy. I deeply regret this choice. Let’s be clear-eyed about the immense consequences. The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for […]
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Council adopts regulation on financial benchmarks to ease burden on SMEs
The Council adopted on 24 March a regulation on financial benchmarks, which aims to cut red tape for EU companies, in particular for SMEs. Benchmarks are generally used by companies and investors in the EU as a reference in their financial instruments or contracts. This Regulation amends a 2016 Regulation as regards the scope of […]
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Conference addressing the housing crisis in the European Union
On 24 March, Parliament’s Special Committee on the Housing Crisis hosted a conference with the Commission to discuss ways to ensure EU citizens can access affordable housing. The conference, organised jointly with the European Commission, addressed the current housing crisis and explore measures that could be taken at EU level to tackle it. MEPs and […]
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Savings and investments union: better financial opportunities for EU citizens and businesses
The Commission has adopted a new strategy to channel savings into productive investments. It seeks to increase EU citizens’ participation in capital markets with broader investment options and improved financial literacy, fostering their wealth and boosting the EU economy. About 70% of household savings in the EU – worth €10 trillion – are held as bank deposits. They are safe and […]
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420 trucks and buses were inspected and 208 violations were detected
In the joint action, Belgium, Croatia, Cyprus, Denmark, Italy, Lithuania and Romania hosted inspections. In total, 320 inspectors from transport, police, labour and many other national authorities joined forces with visiting inspectors from 12 Member States: Austria, Belgium, Bulgaria, Croatia, Hungary, Italy, Lithuania, the Netherlands, Poland, Portugal, Slovenia and Slovakia. During the enforcement action, hundreds of vehicles […]
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Commission responds to unjustified US steel and aluminium tariffs with countermeasures
In response to the imposition of new, unjustified US tariffs on EU steel and aluminium imports, the Commission has launched swift and proportionate countermeasures on US imports into the EU. The Commission regrets the US decision to impose such tariffs, considering them unjustified, disruptive to transatlantic trade, and harmful to businesses and consumers, often resulting in […]
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Commission carries out unannounced inspections in the non-alcoholic beverages sector
The European Commission is carrying out unannounced inspections at the premises of companies active in the non-alcoholic drinks sector in several Member States. In parallel, the Commission has sent out a formal request for information to a company active in the personal care sector. The Commission has concerns that the companies concerned may have violated […]
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Protecting EU consumers: More than half of second-hand online traders fail to meet EU consumer laws
Every year, millions of European consumers use online traders to buy second-hand goods, such as clothes, electronic equipment, toys, and more. When buying second-hand goods, European law states that consumers are entitled to the same guarantee and information on a product, on their rights and the trader they are buying from, as when buying any […]
Read MoreNew platform for investment in affordable and sustainable housing
The European Commission and the European Investment Bank (EIB) Group are partnering with Europe’s national promotional banks (NPBs) and international financial institutions (IFIs) to develop new financing opportunities for affordable and sustainable housing across Europe. At the EIB Group Forum in Luxembourg today, European Commissioner for Energy and Housing Dan Jørgensen and EIB Group President Nadia Calviño underlined […]
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