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Finance and Monetary Affairs in the EU

Latest news on economic and monetary affairs in the European Union.

EUR stays soft ahead of CPI figures, US stocks fully reverse Wednesday’s plunge, GBP remains below USD1.40 - Euro currency news daily 23 February 2018, 11:24 CET
 

Auditors assess EU wind and solar power initiatives 21 February 2018, 00:26 CET
The European Court of Auditors published Tuesday a background paper with details of its enquiry into EU and Member State support for wind and solar photovoltaic (PV) power generation.

EU auditors call for greater financial accountability 16 February 2018, 22:59 CET
The European Court of Auditors called Thursday for an increased emphasis on value added in the EU Budget, along with more flexibility and transparency, and greater accountability.

Euro economy shows robust growth as forecasts revised upwards 08 February 2018, 16:47 CET
Growth rates for the eurozone and the EU beat expectations last year as the transition from economic recovery to expansion continues, according to Wednesday's EU Winter Interim Economic Forecast.

Cohesion Open Data Platform 08 February 2018, 14:38 CET
Giving access to data on financing and achievements under the ESI Funds 2014-2020. The platform visualises, for over 530 programmes, the latest data available (Dec. 2016 for achievements, Sept. 2017 for finances implemented, daily updates for EU payments).

Sustainable Finance: Banks urge clarity in EU Action Plan 02 February 2018, 11:23 CET
Noting the final recommendations of the EU High-Level Expert Group on Sustainable Finance published today, the European Banking Federation called on the European Commission to move swiftly and prepare a clear EU Action Plan that will enable the banking sector to actively promote sustainable development and contribute to the fight against climate change without harming financial stability.

Brussels proposes more flexibility over VAT rates 23 January 2018, 13:28 CET
The European Commission proposed Thursday new rules which would give EU Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish.

2017 State Aid Scoreboard 19 January 2018, 11:58 CET
The 2017 State Aid Scoreboard, published on 16 January by the European Commission, showed that over 97% of new implemented aid measures fell under the new General Block Exemption Regulation and could be quickly implemented by EU Member States to the benefit of citizens, businesses and regions, avoiding bureaucracy, red tape and delays.

Progress in the Reduction of Non-Performing Loans in Europe 18 January 2018, 17:52 CET
The European Commission has welcomed the headway made in tackling non-performing loans (NPLs) in the EU as part of ongoing work at the national and EU level to reduce remaining risks in parts of the European banking sector.

VAT for small businesses and setting VAT rates - background guide 18 January 2018, 16:06 CET
The European Commission proposed on 18 January new rules to give EU Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish.

Action Plan on VAT - Towards a single EU VAT area 18 January 2018, 15:47 CET
On 7 April 2016 the European Commission adopted an Action Plan on VAT - Towards a single EU VAT area. Following adoption of this Action Plan, the European Commission has made a series of proposals to work towards its completion.

Revised rules to revolutionise EU payment services 16 January 2018, 18:23 CET
Cheaper, easier and safer electronic payments should result from the revised Payment Services Directive (PSD2), which applies as of 13 January, and aims to modernise Europe's online payment services.

Payment Services Directive 12 January 2018, 17:48 CET
European consumers will be able to reap the full benefits of paying online for goods and services, thanks to new rules that will it make it cheaper, easier and safer to make electronic payments. The revised Payment Services Directive (PSD2, Directive 2015/2366/EU), applicable as of 13 January 2018, aims to modernise Europe's payment services to the benefit of both consumers and businesses, so as to keep pace with this rapidly evolving market.

Payment services (PSD 2) - Directive (EU) 2015/2366 12 January 2018, 17:40 CET
In 2015 the EU adopted a new directive on payment services (PSD 2) to improve the existing rules and take new digital payment services into account. The directive became applicable in January 2018. It includes provisions to make it easier and safer to use internet payment services; better protect consumers against fraud, abuse, and payment problems; promote innovative mobile and internet payment services; strengthen consumer rights; strengthen the role of the European Banking Authority (EBA) to coordinate supervisory authorities and draft technical standards

Directive on Payment Services (PSD) 12 January 2018, 17:37 CET
The European Commission is working to create an efficient and integrated market for payment services in the EU. The EU is aiming to create a single payment area which lets citizens and businesses make cross-border payments as easily and safely as they would in their own countries; and where cross-border payments are subject to the same charges as domestic payments.

ECB retains supervision over Credit Mutuel: EU Court 14 December 2017, 14:13 CET
The major French cooperative bank Credit Mutuel remains under prudential supervision of the European Central Bank, following a ruling Wednesday by the European Court of Justice.

Europe's flagship investment plan extended to 2020 13 December 2017, 23:03 CET
The EU Council agreed Tuesday to extend the Fund for Strategic Investment, a flagship initiative under the 'investment plan for Europe', to 2020, with a target of half a trillion euros of additional investments.

European Fund for Strategic Investments (EFSI) 13 December 2017, 22:49 CET
The European Fund for Strategic Investments (EFSI) is an initiative to help overcome the current investment gap in the EU. Jointly launched by the EIB Group and the European Commission, it aims to mobilise private investment in projects which are strategically important for the EU.

EFSI 2.0 will give further push for investment and innovation 12 December 2017, 18:10 CET
UEAPME President Ulrike Rabmer-Koller welcomes today's final approval of EFSI 2.0 at the European Parliament.

EU unveils 'climate-smart investments' worth EUR 9bn 12 December 2017, 16:59 CET
The EU's Climate Action Commissioner announced some EUR 9 bn-worth of climate-focused investments Tuesday, for areas such as sustainable cities, sustainable energy and sustainable agriculture.

European External Investment Plan 12 December 2017, 16:55 CET
The EU's External Investment Plan will support more inclusive and sustainable development in Africa and the European Neighbourhood. It will boost public and private investment and thus address some of the obstacles to growth in our partner countries.

EU External Investment Plan (EIP) 12 December 2017, 16:49 CET
The External Investment Plan (EIP) was adopted in September 2017 to help boost investment in partner countries in Africa and the European Neighbourhood. It aims to: contribute to the UN's sustainable development goals (SDG) while tackling some of the root causes of migration; mobilise and leverage sustainable public and private investments to improve economic and social development with a particular focus on decent job creation.The EIP supports partner countries by: mobilising finance - through the European Fund for Sustainable Development; providing technical assistance to help prepare investment projects; developing a favourable investment climate and business environment.

Brussels presents plan for European Monetary Fund 07 December 2017, 22:39 CET
The EU Commission presented Tuesday a roadmap for deepening Economic and Monetary Union, including plans for a European finance minister and the establishment of a European Monetary Fund.

EBF calls for rigorous impact assessment of Basel III 07 December 2017, 18:53 CET
The European Banking Federation notes that the Basel Committee on Banking Supervision and its Group of Central Bank Governors and Heads of Supervision have reached an agreement on the completion of the Basel III international regulatory framework for banks.

Deepening Europe's Economic and Monetary Union 06 December 2017, 22:16 CET
The European Commission set out on 6 December 2017 a Roadmap for deepening Europe's Economic and Monetary Union.