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The Economic Sentiment Indicator increased by 1.6 points in the euro area and by 2.4 points in the EU. The Business Climate Indicator for the euro area remained broadly unchanged at -0.20 points.
The “Connected Continent” legislative package, when adopted, will reduce consumer charges, simplify red tape faced by companies, and bring a range of new rights for both users and service providers, so that Europe can once again be a global digital leader.
The Commission has adopted a communication on shadow banking and proposed new rules for money market funds (MMFs). The communication is a follow-up to last year's Green Paper on Shadow Banking. It summarises the work undertaken so far by the Commission and sets out possible further actions in this important area.
The General Affairs Council held an exchange of views on the cohesion policy package for 2014-2020. During their discussions, ministers addressed issues at the heart of talks with the European Parliament and the Commission.
New rules imposing tougher sanctions for manipulating financial markets, insider dealing or abuse of inside information were voted by the Parliament. These rules will also cover a wider range of trading venues and financial instruments than today's rules and they will apply directly in all member states, which should ensure a high level of investor protection in the EU.
The two industrial Competitiveness reports published by the European Commission highlight that Member States have made progress in improving the business environment, exports and sustainability. However, many problems still remain.
The European Commission unveils 'Opening up Education', an action plan to tackle this and other digital problems which are hampering schools and universities from delivering high quality education and the digital skills which 90% of jobs will require by 2020.
Under the rules proposed by the Commission today, harmful psychoactive substances will be withdrawn quickly from the market, without jeopardising their various legitimate industrial and commercial uses.
Growth and jobs, fairer taxation, financial regulation, trade and Syria were the main themes at the G20 summit held in St Petersburg on 5-6 September 2013.
Euro area inflation was 1.3% in August, down from 1.6% in July. A year earlier the rate was 2.6%. Monthly inflation was 0.1% in August 2013.
The new rules will enhance the robustness and reliability of benchmarks, facilitate the prevention and detection of their manipulation and clarify responsibility for and the supervision of benchmarks by the authorities.
More than 6000 entrepreneurs have already benefitted from loans worth a total of close to €50 million under the European Progress Microfinance Facility, according to the third annual report on this EU instrument.
President Barroso set out his vision for the EU in the year to come in the fourth annual State of the Union address to the European Parliament in Strasbourg. It was followed by a debate with MEPs and political leaders.
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 0.50%, 1.00% and 0.00% respectively.
In a report released today, the European Commission identified about 150 new trade restrictions introduced over the last year, whereas only 18 existing measures have been dismantled.
The report provides a factual base for assessing progress in target areas like open and fair recruitment of researchers or better circulation of scientific knowledge
The Commission proposed new legislation to prevent and manage the rapidly growing threat from invasive species. There are currently over 12 000 species present in Europe which are alien to the natural environment.
Reciprocity rules enabling the EU to reimpose visa requirements for nationals of countries that still impose them on EU citizens were adopted by Parliament, in a revision of the EU visa regulation.
The Council discussed the remaining questions to be solved with a view to agreement with the European Parliament on the CAP reform.
The Commission has taken 220 decisions, including 32 reasoned opinions and 6 referrals to the European Union's Court of Justice.