High Representative/Vice President Josep Borrell will travel to Latin America, the third time of his current mandate, starting in Uruguay on 24 October and continuing to Argentina from 25 October. His mission aims to further strengthen both bilateral and regional relations, in particular through co-chairing the EU-CELAC Foreign Ministers Meeting which will pave the way for further high-level […]
European Council conclusions on energy and economy, 20 October 2022
Energy and economy In the face of Russia’s weaponisation of energy, the European Union will remain united to protect its citizens and businesses and take the necessary measures as a matter of urgency. The European Council has agreed that in light of the ongoing crisis, efforts to reduce demand, to ensure security of supply, to […]
Commission disburses further €2 billion in exceptional macro-financial assistance to Ukraine
The Commission has disbursed a first instalment of €2 billion under the €5 billion exceptional macro-financial assistance (MFA) operation for Ukraine. This is part of an MFA package of up to €9 billion, announced in the Commission’s 18 May Communication on Ukraine Relief and Reconstruction and endorsed by the European Council of 23-24 June 2022. It is part […]
Eurobarometer survey highlights how Europeans interact with the financial services world
The European Commission has today published a Eurobarometer survey on how Europeans interact with the financial services world, in particular given its ever-increasing digitalisation and the development of sustainable finance. Overall, 86% of Europeans say that they feel confident in managing their personal finances, and 73% feel confident with banking online. However, the results vary […]
EU exports under Free Trade Agreements surpass €1 trillion
EU trade deals mean increased exports, more stable economic relations and secure access to resources, a new report out today shows. EU exports to preferential partners for the first time surpassed €1 trillion in 2021, according to the Commission’s 2nd Annual Report on the Implementation and Enforcement of EU Trade Agreements. The Report also shows […]
Cryptocurrency dangers and the benefits of EU legislation
Why and how should the EU build crypto-regulation to foster innovation and protect users? The use of crypto-assets and the technology behind them has proven to be both immensely promising and problematic. The EU wants to help boost the development of these technologies and their use in the EU, while protecting users. Risks of crypto-assets […]
Main Results: Eurogroup, 3 October 2022
Main results Macroeconomic situation in the euro area Following up on discussions at the Eurogroup meeting in Prague, the Eurogroup discussed the macroeconomic situation in the euro area and in particular the fiscal policy response to high energy prices and inflationary pressures. Mathias Cormann, Secretary-General of the OECD, joined the discussion. We agreed today, […]
Antitrust: Commission upgrades eLeniency tool to grant companies online access to leniency and settlement documents
The European Commission has upgraded its online platform “eLeniency” to ensure that companies who are parties to cartel and antitrust proceedings can easily and securely access documents online. This new version allows for an efficient interaction with the parties, and adapts the tool to today’s new working methods. The eLeniency platform, introduced in 2019 as a one-way […]
EU announces historic €715 million for the Global Fund
The European Commission announced a new record €715 million from the EU budget to the Global Fund for the period 2023-2025 at the Fund’s Seventh Replenishment Conference, hosted by US President Biden in New York. Together with the pledges from EU Member States, Team Europe confirms its strong commitment to the Global Fund with a total contribution of […]