'Say on pay' for large firms - EUbusiness Week newsletter 656
EUbusiness Week 656 top stories: IMF presses ECB to act soon against deflation; EU moves to rein in state support for renewable energy; Greece ends market exile with triumphant bond auction; European court scraps phone, email data collection law; Americans, Germans clash on US-EU trade standards; EU appeals to WTO over Russian pork ban
This week, the Commission announced a corporate governance package for
around 10,000 companies listed on Europe's stock exchanges, as well as
cost-efficient company law solutions for SMEs which operate across
Corporate governance proposals will contribute to the long-term sustainability of these companies; a binding "say on pay" grants shareholders proper control over management; and the European Single-Member Company offers EU SMEs an efficient framework for their operations and growth.
The main aim of these measures, says Internal Market Commissioner Michel Barnier, is to discourage short-termism. This is damaging Europe's companies and its economy.
1. IMF presses ECB to act soon against deflation
The International Monetary Fund on Tuesday urged the European Central
Bank to act as soon as possible to fend off the deflation threat, amid
worries about weak eurozone growth.
US warns eurozone over deflation risk
2. EU moves to rein in state support for renewable energy
The European Union has announced sweeping new guidelines to curtail
state support for renewable energy production, while still allowing
governments to shield energy-intensive industries from high power bills.
3. Greece ends market exile with triumphant bond auction
Bailed-out Greece has returned to bond markets with a bang after a
four-year exile, raising EUR 3.0 bn and sending a major signal that the
eurozone debt crisis is fading.
4. European court scraps phone, email data collection law
Europe's top court on Tuesday struck down an EU law forcing telecoms
operators to store private phone and email data for up to two years,
judging it too invasive, despite its usefulness in combating terrorism.
5. Americans, Germans clash on US-EU trade standards
Americans and Germans are broadly supportive of a US-EU free-trade pact
under negotiation, but differ over details, especially forging similar
goods and services standards, according to a survey released on
6. EU appeals to WTO over Russian pork ban
The European Union has appealed to the World Trade Organization over Russia's ban of pork exports from the bloc.
Kosovo court: the EU plans to set up an international court in Kosovo to
deal with alleged crimes committed by ethnic-Albanian guerrillas during
the war with Serbia.
French prosecutor wants British ski instructor in prison
Latest Court of Justice judgements
EU Law Firms
Inside the EU Institutions
Financial Transactions Tax: French and German finance ministers insisted
Monday they aim to at least have the "first stage" of a Financial
Transactions Tax (FTT) in place before European elections in May.
EU mulls civilian law and order mission for Ukraine
Georgia to sign EU pact by June: foreign minister
France: the Commission on Wednesday welcomed pledges by France's new
premier to slash public spending and drive ahead with structural
reforms, but said it awaited further details this month before passing
Brussels to create Ukraine 'support group'
EU rules out sanctions over fraud claims at Turkish agency
Russia: EP president Martin Schulz advocated caution over the crisis in
Ukraine on Tuesday, saying that "for the moment" he is opposed to new
sanctions against Russia.
Iran hits out at EU Parliament over rights resolution
Austrian MEP resigns after racist outburst
In committee this week, Culture MEPs backed simpler rules for the return of illegally exported cultural objects; and Transport MEPs backed a deal on noise-related operating restrictions at EU airports.
14-17 Apr, European Parliament Plenary Session
14-15 Apr, Foreign Affairs Council
14-15 Apr, Agriculture and Fisheries Council
14-15 Apr, Conference on Audiovisual Affairs "Protection of minors in the digital era"
14-17 Apr, European Parliament Committee Meetings
16 Apr, Commission adopts its monthly infringements package
The Week Ahead
Other news on EUbusiness this weekSlovakia wants EU guarantee for gas supply to Ukraine 10-Apr
Fake drugs labelled as Chinese tea: France record haul 10-Apr
PM says French exports hit by high euro 8-Apr
Europe 'failing to protect Roma from violence' 8-Apr
Ukraine crisis boosts transatlantic ties: US ambassador 4-Apr