Cap for card payment fees - EUbusiness Week newsletter 691
EUbusiness Week 691 top stories: Greece hits German wall, but keeps anti-austerity agenda; EU raises eurozone outlook, confirms deflation; EU widens corporate tax breaks probe to Belgium; Norway signs up to EU greenhouse gas targets; Big business raises voice in British election campaign; Germany suspends minimum wage for transit truckers
Publisher's Note
Parliament and Council have at last agreed a deal to cap inter-bank fees
for card-based payments. The fees, about which consumers are often
unaware, cost retailers and ultimately consumers tens of billions of
euros every year.
The level of fees varies widely between Member States, and
create barriers to the internal market. From 6 months after entry into
force of the regulation, maximum fees of up to 0.3% of a transaction's
value will apply. Retailers and consumers will welcome the capping,
which will reduce costs for both and help create an EU-wide payments
market.
More ...
Regards,
Nick Prag
Publisher, EUbusiness
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1. Greece hits German wall, but keeps anti-austerity agenda
Greece's ambitious hard-left government on Thursday ran into trouble
with Germany and the European Central Bank but vowed to push ahead with
its electoral pledge to renegotiate the country's unpopular bailout.
More ...
ECB draws line in sand over Greece
2. EU raises eurozone outlook, confirms deflation
The EU has raised its growth forecast for the eurozone on the back of
cheap oil and a weak euro, but warned that with deflation taking hold
the bloc's struggling economies must keep up their reforms.
More ...
Eurozone deflation accelerates to record low
3. EU widens corporate tax breaks probe to Belgium
The EU opened an investigation on Tuesday into Belgium's tax deals for
multinational firms, widening a major probe into sweetheart tax
arrangements for big business across Europe.
More ...
4. Norway signs up to EU greenhouse gas targets
Norway has announced plans to cut greenhouse gas emissions by at least
40 per cent by 2030 as the oil-rich country aligns itself with targets
set by the European Union.
More ...
5. Big business raises voice in British election campaign
Big business is getting vocal ahead of Britain's general election,
raising concerns ranging from Labour's economic plans to the referendum
on EU membership promised by the Conservatives.
More ...
6. Germany suspends minimum wage for transit truckers
Germany has slammed the brakes on applying its new minimum wage to
foreign truck drivers transiting the country in a move welcomed by
Poland which vigorously opposed the system.
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EUROPEAN LAW
Egypt: the EU has denounced as a violation of Egypt's human rights
obligations an Egyptian court's confirmation of death sentences against
183 men convicted of killing 13 policemen.
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Belgium remands man found with chainsaw near EU Parliament
Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions
Council Watch
Greece: Greece's radical new Prime Minister Alexis Tsipras said during a
visit to Brussels he was hopeful of finding a solution to the debt
stand-off between Athens and the EU.
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Eurogroup set to meet February 11 on Greece
EU must stop 'spasmodic' moves on Russia: minister
Barred Mugabe can travel to EU as AU head
Council ...
Commission Watch
US trade: US and EU negotiators began their latest round of talks Monday
seeking to push through the world's biggest-ever free trade deal, which
after nearly two years remain bogged down by public opposition.
More ...
Juncker backs changing Greek debt 'troika'
Intolerance, extremism on the rise across EU: Timmermans
Commission ...
Parliament Watch
Greece: Parliament head Martin Schulz has urged Greece's new prime
minister to stop lambasting Chancellor Angela Merkel and her government,
saying anti-German rhetoric was "shortsighted".
More ...
Germany's anti-euro party agrees to slim down leadership
This week, political group leaders proposed a committee to look into tax
rulings by Member States; the Budgets Committee urged EU budget funding
reform, but not by adding to the burden on taxpayers; and MEPs amended
rules to establish strong EU-wide standards on trials for children.
More ...
EU diary
9-12 Feb: European Parliament plenary session
9 Feb: Foreign Affairs Council
10-11 Feb: Eastern Partnership Youth Forum
11 Feb: Webinar on digital tourism: Managing your online reputation
13 Feb: Implementation of new public procurement directives
The Week Ahead
Long-term diary
RESOURCES
EU Law Firms
Summaries of EU Legislation
EU Decision-Making
Treaties of the European Union
Key EU Legal Terms
Other news on EUbusiness this week
Strong dollar pushes US trade deficit higher 5-Feb
Greece's troubled banks take another hit 5-Feb
EU to add 19 names to Ukraine sanctions list: sources 5-Feb
UN calls for refugee quota system in Europe 3-Feb
EU air safety body urges caution in Pakistan airspace 30-Jan
Scrapping US visa waivers would be 'a mistake' 29-Jan
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Press
EU-US trade deal threatens food safety
EU peer-to-peer lending market well-placed to overcome challenges
Proposed EU data protection rules could increase cost of insurance
More press ...
Jobs
Director - Legal & Executive Affairs, EFTA Surveillance Authority
Senior Communications Officer, European Environmental Bureau
Lawyer (Course Director) in European Business Law, Academy of European Law
Independent Board Member, Fairtrade International
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Guides
Youth Employment Initiative pre-financing
Pension fund exemption from central clearing requirements
Global Partnership for Poverty Eradication and Sustainable Development after 2015
EU measures on import of hunting trophies
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Events
12 Mar, Munich: EU R&I Master of Finance and Administation course
23 Apr, Rome: Annual FOODSEG Symposium
29 Jun, Paris: European Conference on Networks and Communications - EuCNC 2015
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Publications
EU sanctions against Russia impact on reported restructuring job losses in Europe
research.eu results magazine no 38
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Links
Winter Economic Forecast 2015Statutory minimum wage levels in Europe in 2015 - Eurofound
EMIR Regulation on OTC derivatives, central counterparties and trade repositories
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