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European Commission - Daily News

Daily News 17 / 08 / 2015

Brussels, 17 August 2015

European Commission welcomes Eurogroup agreement on a three-year ESM stability support programme for Greece.

On Friday Ministers of Finance of the Eurozone reached an agreement which will provide Greece with loans of up to €86 billion under the European Stability Mechanism (ESM) over the next three years. President Jean-Claude Juncker said: "The past six months have been difficult. They have tested the patience of policy-makers and they have tested the patience of our citizens even more. Together, we have looked into the abyss. But today, I am glad to say that all sides have respected their commitments. Greece is living up to its ambitious reform commitments agreed on 13 July. And the other Eurozone countries are delivering on their promise of continued solidarity made on the same day. The message of today's Eurogroup is loud and clear: on this basis, Greece is and will irreversibly remain a member of the Euro area. And the European Commission will support Greece in developing a new and fair growth, jobs and investment perspective for its citizens." The full statement is available in EN, FR, DE and EL. (For more information: Annika Breidthardt – Tel.: +32 229 56153; Audrey Augier – Tel.: +32 229 71607)

Cross border inheritance in the EU gets simpler

Today, the Regulation on successions rendering cross-border inheritance easier will start to apply. Until now international successions or wills with cross-border elements could be very complex since EU Member States had different rules to determine which court had jurisdiction to deal with a cross-border succession and which law applied to that succession. This resulted in a lack of clarity, as courts in different Member States could conduct parallel proceedings with potentially conflicting outcomes, and in fewer opportunities for people to choose the law that should apply to their inheritance.  Commenting on the Regulation, Věra Jourová, Commissioner for Justice, Consumers and Gender Equality said: "Today we are making it cheaper and quicker to deal with international successions and wills.  Citizens preparing a will can now choose to have the law of the country of their nationality applied to their estate, even if they live in a different Member State and have assets located in different countries. This will give peace of mind and legal certainty to roughly 450,000 European families each year, who are involved in cross-border cases. The result will be faster and cheaper procedures, saving EU citizens time and money in legal fees."  The Regulation also introduces a European Certificate of Succession which will enable heirs and administrators to prove their status and exercise their rights and powers across the EU. As of today, the Regulation on successions will apply in all EU Member States except the UK, Ireland and Denmark, which opted out of this instrument. An information campaign addressed to citizens and professionals has been launched today on social media. (For more information: Christian Wigand– Tel.: +32 229 62253; Tove Ernst – Tel.: +32 229 86764)

Regional Policy: €6 billion for the Italian regions of Sicilia, Basilicata, and Veneto

The European Commission has adopted the 2014-2020 'Operational Programmes' for Sicilia, Basilicata, and Veneto. The three regions will respectively benefit from €3.41 billion, €413 million and €300 million, drawn from the European Regional and Development Fund. Additional national co-financing will bring the combined amount of these three programmes to over €6 billion. Commenting on their adoption, Corina Crețu said: "These ambitious and tailored investment programmes are vital to Italy's recovery, helping the economy of the country to grow and create new jobs. They will also deliver concrete benefits forcitizens of these regions by improving infrastructures or preserving the natural environment." (For more information: Ricardo Cardoso – Tel.: +32 229 56186; Alexis Perier – Tel.: +32 229 80100)

EUROSTAT: Euro area international trade in goods surplus €26.4 billion

The first estimate for euro area (EA19) exports of goods to the rest of the world in June 2015 was €182.7 billion, an increase of 12% compared with June 2014 (€162.7 billion). Imports from the rest of the world stood at €156.4 billion, a rise of 7% compared with June 2014 (€146.7 billion). As a result, the euro area recorded a €26.4 billion surplus in trade in goods with the rest of the world in June 2015, compared with +€16.0 in June 2014. Intra-euro area trade rose to €151.2 billion in June 2015, up by 10% compared with June 2014. This data is released by Eurostat, the statistical office of the European Union. A press release is available here. (For more information: Enrico Brivio – Tel.: +32 229 56172; Clemence Robin – Tel.: +32 229 52509)

MEX/15/5504

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