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EXME 12 / 09.02
Midday Express of 2012-02-09
News from the European Commission's Midday Briefing
Nouvelles du rendez-vous de midi de la Commission européenne
The European Union and India will hold their 12th annual summit in New Delhi on 10th February 2012. The EU will be represented by European Council President Herman Van Rompuy and by European Commission President José Manuel Barroso. The EU Trade commissioner, Karel De Gucht will also attend the summit. The Republic of India will be represented by Prime Minister Manmohan Singh, Foreign Minister S.M. Krishna, Trade Minister A. Sharma and National Security Adviser, S.S. Menon.
European Health and Consumer Policy Commissioner John Dalli today called on Member States for immediate action to be taken at national level to ensure full and stringent implementation of the current legislation on medical devices. Following the discovery of the fraudulent use of non medical grade silicone in breast implants manufactured by the Poly Implant Prothèse (PIP) Company in France, the priority now is for the Member States and the Commission to act together to tighten controls, provide a better guarantee of the safety of medical devices and to restore patient confidence in the law that protects them. Commissioner Dalli has outlined his proposals for a joint plan of immediate measures in a letter written to the EU's Health ministers, asking for their full co-operation in beginning work without delay.
From 12–14 February, European Commissioner for Development, Andris Piebalgs, will visit Burma/Myanmar. In response to the impressive reform agenda which began to take shape there after the new civilian Government took office, he will announce a new €150 milion assistance package to support democratic reforms and inclusive development in the country.
Androulla Vassiliou, European Commissioner for Education, Culture, Multilingualism and Youth, will present the Commission's proposal for the new 'Creative Europe' programme at the Berlinale International Film Festival on 11-12 February. The Commission has proposed a budget of €1.8 billion over the 2014-2020 period for Creative Europe; of this, more than €900 million would be allocated to its 'MEDIA' arm, which supports the European film industry and the audiovisual sector.
EU27 trade in goods with India reached a peak in 2010, after the decrease recorded in 2009 which interrupted a period of growth since 2001. EU27 exports to India fell from 31.3 billion euro in 2008 to 27.4 bn in 2009, then rose to 34.8 bn in 2010. Imports decreased from 29.5 bn in 2008 to 25.4 bn in 2009, then increased to 33.2 bn in 2010. As a result, the EU27 trade surplus with India fell from 2.0 bn euro in 2009 to 1.6 bn in 2010. The first ten months of 2011 showed continued growth in EU27 trade with India. Exports and imports both grew by 20% between the first ten months of 2010 and the same period of 2011, with exports amounting to 33.4 bn and imports to 33.3 bn. EU27 trade with India recorded a small surplus of 0.1 bn in the first ten months of 2011. Over the last decade, the share of India in EU27 trade has risen, reaching 2.7% of EU27 exports and 2.4% of EU27 imports in the first ten months of 2011. India is the EU27's 8th most important trading partner.
Review of the financial conglomerate regulation (FICOD): share your views with us
The Commission services launched today a consultation aimed at reviewing the way financial conglomerates are regulated. Financial conglomerates are financial groups that are active in one or more country and operate in both the insurance and banking business. The review follows up the G20 commitment of reinforcing the global financial system by strengthening prudential oversight, improving risk management, promoting transparency, and reinforcing international cooperation. The results of this consultation will be thoroughly assessed and will serve as a basis for a review report on the fundamentals of the prudential supervision of financial groups, due for autumn 2012. This report will also state whether any legislative action is needed.Interested parties are invited to send their comments by 19 April 2012 to the following email address: MARKT-FCD-CONSULTATION@ec.europa.eu . The consultation document is available at http://ec.europa.eu/internal_market/financial-conglomerates/docs/info-letter/022012_en.pdf
State aid: Commission approves reintroduction of Spanish guarantee scheme for credit institutions
The European Commission has approved under EU state aid rules the reintroduction of a Spanish scheme to support the financial sector by providing guarantees to eligible credit institutions until 30 June 2012. The Commission had initially approved the scheme on 23 December 2008 ( IP/08/2049) and prolonged on 25 June 2009 ( MEX/09/0625), 1 December 2009 ( MEX/09/1201), 28 June 2010 ( IP/10/854), 29 November 2010 ( MEX/10/1129) and on 1 June 2011 ( IP/11/673). The Commission found the reintroduction of the measure to be in line with its guidance on state aid to banks during the crisis ( IP/08/1495 and IP/11/1488). The measure is well targeted, proportionate and limited in time and scope. The Commission, therefore, concluded that the reintroduction of the Spanish guarantee scheme is an appropriate means of remedying a serious disturbance in the Spanish economy and as such, is compatible with Article 107(3)(b) of the Treaty on the Functioning of the EU (TFEU).
Vice-President Maroš Šefčovič to meet Bulgarian Foreign Minister
Vice-President Šefčovič will today meet Bulgarian Minister of Foreign Affairs Mr Nickolay Mladenov in Sofia to discuss key EU issues, including European economic governance and the Multiannual Financial Framework. He will also meet the President of the National Assembly, Ms Tsetska Tsacheva as part of a programme of visits to deepen links with all national parliaments in the EU. The Vice-President will then go on to address the National Assembly's Committee on European Affairs and Oversight of European Funds. In particular, he will outline the key priorities of the European Commission as part of a debate on the Commission Work Programme for 2012.
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