Commission 

 

Winding Up Banks Safely

The Single Resolution Mechanism (SRM) is the EU system for the orderly winding-up of failing banks within the Banking Union, to avoid costly bail-outs. Since its establishment in 2015, the SRM has progressed in preparing for bank resolution, according to a new European Court of Auditors (ECA) report.  However, the auditors find that further steps are needed in certain crucial…

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Setting a New Social-Ecological Contract

Despite a spectacular economic reaction to the pandemic crisis, the authors of the 2020 edition of the European “Bilan social’’, express concerns about the so-called ‘social affairs players’ being sidelined in the new Recovery and Resilience Facility, the “fuzzy” EU commitment to gender issues, the EU response to rising in-work poverty and the setting a new…

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Drive to Reject MiFD

Socialists and Democrats in the European Parliament are leading the drive to reject the Markets in Financial Instruments Directive (MiFID) Quick Fix.On Thursday they voted against it in the European Parliament’s economic and monetary affairs committee.  The European Commission’s declared objective was to amend the MiFID regime to alleviate the impact of the Covid-19 crisis…

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Council 

 

Belarus Sanctions

In response to the brutality of the Belarusian authorities and in support of the democratic rights of the Belarusian people, the Council last week decided to adopt 36 additional designations. These sanctions target high-level officials responsible for the ongoing violent repression and intimidation of peaceful demonstrators, opposition members and journalists, among others. They also target economic actors, prominent businessmen and companies…

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Deep Emission Cuts Needed

The UN Environment Emissions Gap Report 2020 published yesterday (Wednesday 9th December) shows that all countries must urgently increase their 2030 climate targets and sharply accelerate emission cuts, as with current policies we are heading towards catastrophic climate change. The report finds that, despite a brief decline in carbon dioxide emissions caused by the COVID-19 pandemic,…

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Stop Arming Turkey

Germany should immediately suspend delivering submarines to Turkey: This is what more than 50 German and Greek Members of the European Parliament demand of German chancellor Angela Merkel in a joint letter sent today. The initiative was launched against the backdrop of the European Council meeting on 10 December. At the meeting, EU leaders will…

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Parliament

 

Calls for More Sanctions Against Russia

In the European Parliament, the Socialists and Democrats Group has strongly condemned the arrest of Alexei Navalny, one of Russia’s most influential dissidents and anti-corruption activists. Navalny was arrested on his return to Moscow after having spent five months in Germany recovering from a near-deadly poisoning last August.  The S&D Group calls for a strong EU…

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Drive to Reject MiFD

Socialists and Democrats in the European Parliament are leading the drive to reject the Markets in Financial Instruments Directive (MiFID) Quick Fix.On Thursday they voted against it in the European Parliament’s economic and monetary affairs committee.  The European Commission’s declared objective was to amend the MiFID regime to alleviate the impact of the Covid-19 crisis…

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The Challenges of Teleworking

Despite all the benefits of teleworking, it is now important not to slide into a culture of “round-the-clock” availability of employees That was one of the messages to emerge from the European Economic and Social Committee (EESC) when it held a remote hearing on the challenges of teleworking. Bringing together EESC and European Parliament (EP) members, as…

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Regions

 

Brexit Butty Chaos

After their Christmas recess, the International Trade Committee of the European Parliament is now due to comment on the trade agreement between the EU and the UK, in preparation for the Parliament’s vote in March on granting consent to the agreement. In the meanwhile less than two weeks into implementation of the agreement, EU-UK trade…

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EU-UK Negotiations Set to Continue

The UK-EU trade deal prioritises sovereignty over economics. Politicians will soon be talking about how to improve the deal. Very little about the UK’s long-term relationship with the EU has been settled, writes Charles Grant. One particular comment that I heard during the Brexit negotiations has lodged in my memory. In September 2020, a senior…

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EP to Scrutinise EU-UK deal

On Monday 28 December, the leaders of the political groups in the European Parliament and President David Sassoli exchanged views with Commission President Ursula von der Leyen and EU Chief Negotiator Michel Barnier on the deal reached on 24 December on the future relationship between the EU and the UK. The Conference of Presidents reiterated…

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