Macro-economic developments The Eurogroup discussed macro-economic developments and policy challenges in the euro area in the current global context, with input from the International Monetary Fund, which presented the outcome of its interim visit, carried out in the context of its Article IV consultation of the euro area. The IMF Article IV review of the euro area is a regular […]
Read MoreECB takes further steps to incorporate climate change into its monetary policy operations
The Governing Council of the European Central Bank (ECB) has decided to take further steps to include climate change considerations in the Eurosystem’s monetary policy framework. It decided to adjust corporate bond holdings in the Eurosystem’s monetary policy portfolios and its collateral framework, to introduce climate-related disclosure requirements and to enhance its risk management practices. […]
Read MoreFinal vote on the Digital Services Act and the Digital Markets Act
On Tuesday, Parliament held the final vote on the new Digital Services Act (DSA) and Digital Markets Act (DMA), following a deal reached between Parliament and Council on 23 April and 24 March respectively. The two bills aim to address the societal and economic effects of the tech industry by setting clear standards for how they operate and […]
Read MoreAgreement on foreign subsidies: ensuring equal competition in the EU
Parliament and Council negotiators agreed on Thursday 30 June on new tools ensuring that foreign subsidies granted by non-EU countries to companies do not distort the internal market. The new draft regulation will enable the Commission to investigate subsidies granted by non-EU public authorities to companies operating in the EU. If it finds that the […]
Read MoreAgreement reached on European crypto-assets regulation (MiCA)
The EU brings crypto-assets, crypto-assets issuers and crypto-asset service providers under a regulatory framework for the first time. The Council presidency and the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal which covers issuers of unbacked crypto-assets, and so-called “stablecoins”, as well as the trading venues and the wallets where crypto-assets are […]
Read MoreCouncil agrees on new rules to drive down deforestation and forest degradation globally
The Council adopted its negotiating position (general approach) on a proposal to limit the consumption of products contributing to deforestation or forest degradation. The Council agreed to set mandatory due diligence rules for all operators and traders who place, make available or export the following products from the EU market: palm oil, beef, timber, coffee, cocoa and soy. […]
Read MoreCommission endorses Spain’s second payment request
The European Commission has today endorsed a positive preliminary assessment of Spain’s second payment request for €12 billion in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU. On 30 April 2022, Spain submitted to the Commission a payment request based on the achievement of the 40 milestones and […]
Read MoreEU renews its Agenda on International Ocean Governance
The European Commission and the High Representative of the European Union for Foreign Affairs and Security Policy unveiled the renewed EU agenda on International Ocean Governance (IOG), proposing actions for a secure, clean and sustainably managed ocean. With this policy, the EU confirms its active role in international ocean governance and its commitment to strengthen implementation […]
Read MoreMEPs focus on inflation and economic divergence with ECB President Lagarde
Inflation and the new anti-fragmentation mechanism soon to be launched by the European Central Bank were the two main topics raised by MEPs with ECB President Lagarde. Attending the first Monetary Dialogue in Parliament’s Economic and Monetary Affairs Committee since the attack by Russia on Ukraine and a significant uptick of inflation across the Eurozone, European Central […]
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