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What if Libra disrupted the financial system?

13-09-2019

Facebook’s envisaged cryptocurrency project Libra may enable a way of more connected, digital banking. However, it also triggered a debate around the added value of cryptocurrencies. What would change for banks, businesses and consumers with the new digital currency?

Facebook’s envisaged cryptocurrency project Libra may enable a way of more connected, digital banking. However, it also triggered a debate around the added value of cryptocurrencies. What would change for banks, businesses and consumers with the new digital currency?

Appointment of Christine Lagarde as president of the European Central Bank

13-09-2019

During its September 2019 plenary sitting, the European Parliament is expected to vote on a resolution on the candidate (Christine Lagarde) for president of the European Central Bank (ECB). While it is the European Council that appoints the ECB president, it must first consult Parliament. Parliament's Economic and Monetary Affairs Committee (ECON) held a hearing with Christine Lagarde in September 2019 and then voted favourably on the candidacy. The ECB president is a key figure within the Eurosystem ...

During its September 2019 plenary sitting, the European Parliament is expected to vote on a resolution on the candidate (Christine Lagarde) for president of the European Central Bank (ECB). While it is the European Council that appoints the ECB president, it must first consult Parliament. Parliament's Economic and Monetary Affairs Committee (ECON) held a hearing with Christine Lagarde in September 2019 and then voted favourably on the candidacy. The ECB president is a key figure within the Eurosystem when setting monetary policy for the euro area.

Amending budget No 1/2019: 2018 surplus

13-09-2019

Draft Amending Budget No 1/2019 (DAB1/2019) enters the surplus resulting from implementation of the 2018 budget into the EU's 2019 budget. The 2019 surplus totals over €1.8 billion, as compared to €0.56 billion in 2018. It consists mostly of higher than expected revenues and underspending on the expenditure side. Inclusion of the surplus will reduce the Member States' contributions to the 2019 EU budget accordingly. The European Parliament is expected to vote on the Council position on DAB1/2019 ...

Draft Amending Budget No 1/2019 (DAB1/2019) enters the surplus resulting from implementation of the 2018 budget into the EU's 2019 budget. The 2019 surplus totals over €1.8 billion, as compared to €0.56 billion in 2018. It consists mostly of higher than expected revenues and underspending on the expenditure side. Inclusion of the surplus will reduce the Member States' contributions to the 2019 EU budget accordingly. The European Parliament is expected to vote on the Council position on DAB1/2019 during its September 2019 plenary session.

Amending budget No 2/2019: Horizon 2020 and Erasmus+

13-09-2019

The European Commission's Draft Amending Budget No 2 aims to reinforce two key programmes for EU competitiveness: Horizon 2020 and Erasmus+. The intended increase amounts to €100 million of commitment appropriations for the two programmes, with no reinforcement in payment appropriations envisaged. A vote on this proposal, which reflects the agreement between the European Parliament and the Council on the 2019 budget, is scheduled for the September plenary session.

The European Commission's Draft Amending Budget No 2 aims to reinforce two key programmes for EU competitiveness: Horizon 2020 and Erasmus+. The intended increase amounts to €100 million of commitment appropriations for the two programmes, with no reinforcement in payment appropriations envisaged. A vote on this proposal, which reflects the agreement between the European Parliament and the Council on the 2019 budget, is scheduled for the September plenary session.

Amending budget No 3/2019: Mobilisation of the EU Solidarity Fund (Romania, Italy and Austria)

13-09-2019

The European Union Solidarity Fund (EUSF) provides EU Member States struck by natural disasters with financial assistance to contribute to a rapid return to normal conditions. A vote on a budgetary proposal to mobilise the EUSF in order to help Romania, Italy and Austria deal with damage caused by flooding and extreme weather events is scheduled for the September plenary session. The proposed amount to be allocated is €293 551 794.

The European Union Solidarity Fund (EUSF) provides EU Member States struck by natural disasters with financial assistance to contribute to a rapid return to normal conditions. A vote on a budgetary proposal to mobilise the EUSF in order to help Romania, Italy and Austria deal with damage caused by flooding and extreme weather events is scheduled for the September plenary session. The proposed amount to be allocated is €293 551 794.

India-administered Kashmir: current situation

13-09-2019

On 5 and 6 August 2019, the Indian Parliament approved the withdrawal of Article 370 of the Constitution, which had guaranteed Jammu and Kashmir, India's only Muslim-majority state, a high degree of autonomy. It also decided to split Jammu and Kashmir into two territories, both administered directly from Delhi. Meanwhile, the government deployed 46 000 troops, arrested regional political leaders and thousands of activists, suspended internet and communications across the valley, and shut down schools ...

On 5 and 6 August 2019, the Indian Parliament approved the withdrawal of Article 370 of the Constitution, which had guaranteed Jammu and Kashmir, India's only Muslim-majority state, a high degree of autonomy. It also decided to split Jammu and Kashmir into two territories, both administered directly from Delhi. Meanwhile, the government deployed 46 000 troops, arrested regional political leaders and thousands of activists, suspended internet and communications across the valley, and shut down schools and colleges.

The legal nature of Country-Specific Recommendations

10-09-2019

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities endorsed by the European Council or adopted by the Council on th basis of the Annual Growth Survey. The Council ...

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities endorsed by the European Council or adopted by the Council on th basis of the Annual Growth Survey. The Council also adopts policy recommendations to the euro area as a whole in accordance with Article 136 of the Treaty on the Functioning of the European Union (TFEU) following a COM proposal. Table 1 displays the development of the number of CSRs and the minimum and maximum number per Member State.

'Shift to Rail' – Research for the EU rail sector

09-09-2019

Rail is one of the main pillars of the EU transport decarbonisation strategy, and research is instrumental to achieving more competitive and resource-efficient railways. To this end, an EU public-private partnership, the ‘Shift to Rail’ Joint Undertaking, was established in 2014 under the Horizon 2020 programme to boost and coordinate research and innovation in rail products, processes and services. The first projects were launched in 2015 and the first results presented in 2018.

Rail is one of the main pillars of the EU transport decarbonisation strategy, and research is instrumental to achieving more competitive and resource-efficient railways. To this end, an EU public-private partnership, the ‘Shift to Rail’ Joint Undertaking, was established in 2014 under the Horizon 2020 programme to boost and coordinate research and innovation in rail products, processes and services. The first projects were launched in 2015 and the first results presented in 2018.

Preventing violence at football matches

05-09-2019

Did you know that 120 million people attended more than 16 000 football matches across Europe in 2016, with incidents taking place in 93% of them? Check out our infographic for more interesting facts.

Did you know that 120 million people attended more than 16 000 football matches across Europe in 2016, with incidents taking place in 93% of them? Check out our infographic for more interesting facts.

Erasmus+: More than just mobility

05-09-2019

Erasmus+ is the EU's single integrated education programme for improving young people's skills and employability, and currently covers the 2014-2020 period. It also promotes the modernisation of education and training in the EU Member States, by facilitating transnational contacts amongst different players and across different sectors. Erasmus+ brings together the previous EU programmes in education, training and youth, and also includes sports.

Erasmus+ is the EU's single integrated education programme for improving young people's skills and employability, and currently covers the 2014-2020 period. It also promotes the modernisation of education and training in the EU Member States, by facilitating transnational contacts amongst different players and across different sectors. Erasmus+ brings together the previous EU programmes in education, training and youth, and also includes sports.

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