Covid’s Economic Hit

The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted.  However, the resurgence of the pandemic…

Valdis Dombrovskis, candidate for the trade portfolio, on greener trade, enforcement, China and Mercosur.

Mr Dombrovskis announced “the launch of a WTO trade and climate initiative, focusing on green goods”, acknowledging that “today, trade is about much more than just trade”. He intends to reshape the EU’s future trade policy to make it more sustainable, including in the Mercosur trade deal where the EU must “find lasting solutions for the Amazon…

Commissioner Hearings

Both Mairead McGuinness and Valdis Dombrovskis undergo hearings at the European Parliament today concerning their nomination to Commissioner positions. The appointments are pursuant to the resignation of Phil Hogan following his error in failing to respect national rules in Ireland on social distancing imposed as a result of the coronavirus pandemic. President von der Leyen…

Ukraine’s Game of Monopoly

The pandemic caused by the coronavirus crisis has forced countries to join forces to overcome the consequences.  This is especially true for countries with small budgets which have already had financial problems. The EU has joined forces and extended a helping hand to non-member countries, including Ukraine. Financial assistance, though, is not only intended to…

McGuinness Replaces Hogan

Commission President von der Leyen has proposed Mairead McGuinness as candidate to succeed the resigned Irish Commissioner Hogan to the Council and the European Parliament. McGuinness’ portfolio is financial services, financial stability and capital markets union. Commission Vice-President Dombrovskis takes over the trade portfolio from Hogan. The Irish government had proposed to the President of…

Demission of Commissioner Hogan

President von der Leyen delivered a press statement following the resignation of Commissioner Hogan as a consequence of the so called Golfgate scandal. Hogan quit his post as EU trade commissioner on Wednesday after he allegely broke quarantine rules during a trip to his native Ireland. He apologised but denied any wrongdoing. “Phil Hogan submitted his resignation from the…

Jobs For Europe’s Youth

The European Commission says it is taking action to give young people all possible opportunities to develop their full potential to shape the future of the EU, and thrive in the green and digital transitions. The coronavirus pandemic has emphasised the often difficult start many young people face in the labour market. We need to…

A Minimum Wage for Europe

Last Thursday (4 June) the Commission launched a consultation of European trade unions and employers’ organisations on how to ensure fair minimum wages for all workers in the European Union. This follows the first-stage consultation which was open from 14 January to 25 February 2020, to which the Commission received replies from 23 EU-wide social…

Commission Proposals for Temporary Relief for Banks

Commission Executive Vice-President Valdis Dombrovskis on Tuesday presented proposals for a temporary reduction of capital requirements in the Corona crisis.  The Commission wants to ensure that banks continue to provide credit to the real economy despite the crisis.  The package of measures includes a proposal to compensate for the effect of the new accounting rules…