New Greek Prime Minister Alexis Tsipras visited the European Parliament today where he was welcomed by EP President Martin Schulz. After the meeting Schulz said: “Mr Tsipras is battling for European cooperation, not only seeking a solution for Greece. He has my full support.” He also stressed the need for a framework for “constructive dialogue […]
Archives for February 4, 2015
Fish Discard Ban, Sanctions Delayed By MEPs
Fishermen will have two years to “adapt” before sanctions for failing to comply with the new Common Fisheries Policy (CFP) discard ban take effect, under a tentative deal struck by Parliament and Council on Thursday, with European Commission help. The agreement amends the “omnibus” regulation setting out detailed arrangements for enforcing the ban. “I am […]
Hills Says Pension Funds Could Get Two Year Clearing Exemption
The European Commission has published a report recommending granting pension funds a two-year exemption from central clearing requirements for their over-the-counter (OTC) derivative transactions. The report, which is based on an extensive study requested by the European Commission, concludes that central counterparties (CCPs) need this time to find solutions for pension funds. At the same time, […]
Thyssen Proposes €8.7m Aid For Greek Media Workers
The European Commission has proposed to mobilise the European Globalisation Adjustment Fund (EGF) to help 1,633 workers made redundant in the media sectors (publishing, programming and broadcasting) in Attica (Greece). The funds requested by the Greek authorities, amounting to €8.7 million, will help the workers in their transition to new jobs. The proposals now go […]
Vestager Opens Belgian State Aid Investigation
European Commission Competition chief, Margrethe Vestager, has opened another State aid investigation into the deals that EU tax authorities offer to certain companies – most notably to multinational corporations – that may go against EU state aid rules. This investigation will look into a system of tax exemptions offered by the Belgian tax administration through so-called […]
‘Invest for Growth’ vs ‘More Structural Reform’ – New Tune?
As parliamentarians across the EU discussed economic governance in the EP this week, French socialist Ms Pervenche Berès, responsible for an EP report evaluating the EU’s economic governance framework, and EP vice president, Finnish liberal Olli Rehn, said they believe in a mixture of structural reforms and investment to help boost the economy. “The euro area […]