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Daily News – 21.01.2011

Midday Express of 2011-01-21

European Commission - 21/01/2011

EXME 11 / 21.01

Midday Express of 2011-01-21

News from the Communication Directorate General's midday briefing

Nouvelles du rendez-vous de midi de la Direction Générale Communication

Commission clears prolongation of Lithuanian bank support scheme

The European Commission has authorised, under EU state aid rules, a six-month extension (until 30 June 2011) of a Lithuanian bank support scheme, consisting of three types of measures: state guarantees, asset relief measures and recapitalisations in the form of subordinated loans. The Commission found the extension of the scheme, initially approved on 5 August 2010 (see IP/10/1032), to be in line with its guidance on state aid to banks during the crisis (see IP/08/1495, IP/08/1901 and IP/09/322). In particular they are limited in time and scope and require the submission of a restructuring plan in the event of granting recapitalisation and asset relief measures, in line with the stricter conditions adopted in December 2010 (see IP/10/1636) to stimulate a gradual return to market conditions.

Commission approves extension of two Portuguese support schemes for credit institutions

The European Commission has authorised, under EU state aid rules, the extension until 30 June 2011 of the Portuguese recapitalisation scheme and the Portuguese guarantee scheme. The extensions are in line with the guidance on State aid to financial institutions during the crisis (see IP/08/1495 and IP/08/1901) In particular, they are limited in time and scope and require the presentation of a restructuring plan in the event of granting recapitalisation measures, in line with the stricter requirements introduced in December 2010 (see IP/10/1636) to stimulate a gradual return to market conditions. The Portuguese recapitalisation scheme was initially approved on 20 May 2009 (see IP/09/818) and extended on 17 March 2010 (see MEX/10/0317) and on 23 July 2010 (see MEX/10/0723). The Portuguese guarantee scheme was initially approved on 29 October 2008 (see IP/08/1601) and prolonged on 22 February 2010 (see MEX/10/0222) and on 23 July 2010 (see MEX/10/0723).

Monthly Labour Market Monitor January 2011

According to the latest Monthly Labour Market Monitor released by the European Commission, the labour market in the EU has stabilised, with signs of recovery in some Member States, but conditions are generally set to remain weak and uneven for some time, with potentially persistent unemployment in others. The decline in employment in the EU has stopped with employment unchanged in the third quarter, following a small increase in the second quarter, while the unemployment rate in the EU is rather static, at a ten-month high 9.6% in November 2010. However, the labour market for young people in the EU is still showing worrying developments, as the youth unemployment rate reached its highest level since the beginning of the crisis at 21 % in the EU. Confidence on labour markets in the EU has continued to broadly improve, albeit at a slower pace and divergences between member States and sectors. This month's edition takes a closer look at the labour market situations in France, Germany, Italy, Poland, Spain and the United Kingdom. It also provides a special focus on the public sector and an update for the automotive industry.

Suivi mensuel du marché du travail - janvier 2011

D'après le dernier rapport de suivi mensuel du marché du travail publié par la Commission, le marché de l'emploi dans l'UE demeure stable, avec des signes d'amélioration dans certains Etats membres. Cependant, les conditions d'une reprise devraient généralement demeurer faibles et inégales pour quelque temps, avec un chômage amené à persister dans d'autres. Le repli observé au niveau de l'emploi au sein de l'UE est arrivé à son terme, tandis qu'il demeurait inchangé au troisième trimestre de 2010, à la suite d'une légère augmentation au deuxième trimestre. Au même moment, le taux de chômage dans l'UE était stable, à 9,6% en novembre, soit le même niveau depuis dix mois. Le marché de l'emploi pour les jeunes se signale quant à lui par une évolution inquiétante, alors que le taux de chômage pour les moins de 25 ans atteignait son plus haut niveau depuis le début de la crise, à 21% pour l'ensemble de l'UE. La confiance sur les marchés du travail dans l'UE a continué à s'améliorer globalement, mais à un rythme plus lent et avec des divergences entre les Etats membres et les secteurs. L'édition de ce mois analyse de plus près aux diverses situations du marché de l'emploi relevées en France, Allemagne, Italie, Pologne, Espagne et au Royaume-Uni. Elle se penche également sur les dernières tendances observées dans le secteur public et fournit une mise à jour à propos de l'industrie automobile.

Monatlicher Arbeitsmark-Monitor Januar 2011

Dem jüngsten Arbeitsmarkt-Monitor der EU-Kommission zufolge hat sich der Arbeitsmarkt in der EU stabilisiert, es gibt Zeichen einer Erholung in einigen Mitgliedstaaten. Dennoch ist zu erwarten, dass die Bedingungen noch für eine Weile schwierig und uneinheitlich bleiben werden. In einigen anderen Mitgliedstaaten könnte die Arbeitslosigkeit auf höherem Niveau verharren. Die Rückgang der Beschäftigung in der EU ist gestoppt - im Dritten Quartal blieb die Zahl der Beschäftigten unverändert, nachdem es im zweiten Quartal nur einen leichten Anstieg gegeben hatte; die Arbeitslosenquote in der EU scheint im November 2010 mit 9,6% auf dem Zehnmonats-Hoch zu verbleiben. Dennoch bietet die Lage am Arbeitsmarkt für junge Menschen weiterhin Anlass zur Sorge. Die Jugend-Arbeitslosenquote in der EU hat mit 21% ihren höchsten Stand seit Beginn der Krise erreicht. Die Zuversicht auf den Arbeitsmärkten der EU has sich weiter verbessert, wenn auch in geringerem Tempo und mit Unterschieden zwischen Mitgliedstaaten und Sektoren. Diese Ausgabe beschäftigt sich eingehender mit der Arbeitsmarktsituation in Frankreich, Deutschland, Italien, Polen, Spanien und dem Vereinigten Königreich. Außerdem werden der öffentliche Sektor und die Automobilindustrie näher betrachtet.

Commissioner for Development, Andris Piebalgs, in Rome to discuss EU development policy

On Monday, 24 January, Commissioner Piebalgs will visit Italy to discuss EU development policy. He will hold a meeting with Minister of Foreign Affairs Franco Frattini. The Commissioner will also participate in the parliamentary hearing with European, Foreign Affairs and Budget Committees of the Chamber of Deputies and the Italian Senate. Meetings with Italian entrepreneurs and civil society are also foreseen.

EU27 current account deficit 19.7 bn euro

According to the latest available data, the EU27 external current account recorded a deficit of 19.7 billion euro in the third quarter of 2010, compared with a deficit of 26.1 bn in the third quarter of 2009 and a deficit of 34.9 bn in the second quarter of 2010. In the third quarter of 2010, compared with the third quarter of 2009, there was an increase in the deficit of the goods account (-28.4 bn euro compared with -18.6 bn) and of the current transfers account (-15.7 bn compared with -14.3 bn). The surplus of the services account rose (+21.1 bn compared with +15.5 bn), while the deficit of the income account turned into surplus (+3.3 bn compared with -8.7 bn). The surplus recorded in the services account (+21.1 bn euro) is mainly the result of surpluses in "other business services", which includes miscellaneous business, professional and technical services (+9.1 bn), financial services (+6.7 bn), transportation (+5.6 bn) and computer & information services (+5.5 bn), partially offset by deficits in travel (-4.0 bn) and royalties & license fees (-3.1 bn). In the third quarter of 2010, the EU27 external current account recorded a surplus with the USA (+25.0 bn euro), Switzerland (+11.2 bn), Hong Kong (+4.5 bn), Brazil (+3.7 bn), Canada (+2.3 bn) and India (+1.6 bn), and a deficit with China (-44.2 bn), Russia and Japan (both -7.4 bn). These provisional data, issued by Eurostat are based on the information available at the time of publication and are subject to revision.

Rediffusion

January 2011: Flash Consumer Confidence Indicator

In January 2011, the DG ECFIN flash estimate of the consumer confidence indicator declined slightly in both the euro area (to -11.4 from -11.0 in December 2010) and the EU (to -12.8 from -12.1 in December 2010).

Autre matériel diffusé :

Memo Emissions Trading: Q & As following the suspension of transactions in national ETS registries for at least one week from 19:00 CET on Wednesday 19 January 2011

Memo Preparation Agriculture/Fisheries Council of January 2011

Calendrier hebdomadaire du 24 au 28 janvier

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