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…

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…

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…

Commission to buy 200 Million Doses of Vaccine

The European Commission on Friday proposed to the EU Member States to purchase an additional 200 million doses of the COVID-19 vaccine produced by BioNTech and Pfizer, with the option to acquire another 100 million doses.   This would enable the EU to purchase up to 600 million doses of this vaccine, which is already…

Fighting Anti-Semitism

The Commission and International Holocaust Remembrance Alliance have published a handbook for the practical use of the IHRA working definition of antisemitism This document was commissioned by the European Commission and published jointly with the International Holocaust Remembrance Alliance, with support from the German Presidency of the Council of the European Union. The IHRA working…

Adapting to Climate Change

Building climate-resilient societies in line with the forthcoming EU adaptation strategy is vital, says Parliament in a resolution voted last week. The resolution on adaptation to climate change will provide input on a new adaptation strategy, expected from the Commission in 2021 as part of the European Green Deal, and was approved with 550 votes…

Economic Impact of COVID

The early measures taken by the EU and its Member States to counter the economic impact of COVID-19 have helped save jobs and businesses, according to the European Court of Auditors (ECA).  However, the auditors also see the risk that the pandemic’s uneven impact on Member States and their differing capacities to support their economies…

Stopping Fake Coronavirus News

Today, the European Commission publishes the fourth set of reports from the signatories of the Code of Practice on Disinformation on actions they have taken to fight false and misleading coronavirus-related information. In their latest reports, the online platforms have responded to the Commission’s call to provide information specifically about the measures taken to limit the spread of disinformation on coronavirus vaccines….

Anti-Corruption Day

On International Anti-Corruption Day (9 December), 101 leading transparency, anti-corruption and open data organisations along with investigative journalists from across Europe have called on the European Commission and national governments to act to ensure that company registers, including ownership and corporate structure data, are freely accessible and published in open data format. In an open…