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The Council adopted regulations creating a single supervisory mechanism for the oversight of banks and other credit institutions, thus establishing the first "pillar" of Europe's banking union.
The new MFA programme, expected to be approved by the EU's Council of Ministers in the coming weeks, is part of the package of support to Ukraine announced by the European Commission on 5 March and endorsed by the European Council on 6 March.
The European Commission launched its work on a comprehensive European Agenda on Migration. The College of Commissioners held a first orientation debate on key actions to step up the EU's efforts to implement the existing tools and cooperation in managing migration flows from third countries.
This debate is an indispensable part of achieving a full and deep Economic and Monetary Union (EMU), and in particular about bringing forward a proposal for a European Deposit Insurance Scheme (EDIS).
The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses.
Meeting in Luxembourg, transport ministers held a first discussion on the two proposals which are a key part of the 4th railway package. They also adopted a general approach on new rules for market access to port services.
The report published today presents the results of a modelling exercise conducted by 38 European countries, including EU Member States and neighbouring countries. It analyses different scenarios, in particular a complete halt of Russian gas imports into the EU for a period of six months.
The European Commission, in partnership with the European Investment Bank (EIB), is launching fi-compass, a new advisory service on financial instruments for the European Structural and Investment Funds.
In a set of annual reports, the European Commission and the High Representative of the European Union for Foreign Affairs and Security Policy assessed the implementation of the European Neighbourhood Policy (ENP) with the 16 partner countries in the East and the South and made recommendations for the year ahead.
The Foreign Affairs Council dedicated to development issues decided to resume development cooperation with the Republic of Guinea. It also discussed the post-2015 agenda and policy coherence for development.
This year's review reveals further positive employment and social developments in the EU. However, despite recent improvements, huge disparities still exist between Member States, in terms of economic growth, employment and other key social and labour market indicators.
The package of measures adopted by the College of Commissioners entails a revised approach to the European Semester, including through enhanced democratic dialogue and further improved economic governance, such as the introduction of national Competitiveness Boards and an advisory European Fiscal Board.
The Commission has today taken 85 decisions including 15 reasoned opinions and 2 referrals to the EU Court of Justice. The Commission is also closing 59 cases where the issues with the Member States concerned have been solved without the Commission needing to pursue the procedure further.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.15%, 0.40% and -0.10% respectively.
The Council discussed the new digital single market strategy and adopted conclusions on the digital transformation of European industry.
In recent months, there have been encouraging signs that an economic recovery is underway in Europe. After contracting up to the first quarter of 2013, the European economy started to grow again in the second quarter and real GDP is set to continue growing in the remainder of this year.
Today the Juncker Commission is starting its term of office. President Jean-Claude Juncker said: "Together with my strong and experienced team I look forward to being at the helm of the European Commission for the next five years."
The Council adopted a decision establishing provisional measures in the area of international protection for the benefit of Italy and Greece.
The Commission is launching the second call for proposals of the Connecting Europe Facility, with more than €7.6 billion of investment to finance transport projects. €6.5 billion are earmarked for countries with Cohesion Fund eligibility.
Just 50 days after announcing its ambitious Investment Plan for Europe to boost jobs and growth, the European Commission today adopted the legislative proposal for the European Fund for Strategic Investments, which will be established in close partnership with the European Investment Bank (EIB).