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New figures released by the European Commission today show that customs authorities detained more than 41 million fake and counterfeit products at the EU's external border in 2016.
Globalisation has brought enormous benefits to the less-developed economies of the world and many opportunities for Europeans; but while the benefits are widely spread, the costs are often borne unevenly as the Commission's reflection paper on harnessing globalisation highlighted.
The Council approved an action plan to address the problem of non-performing loans (NPLs) in the banking sector. Ministers also adopted conclusions on the Commission's review of the EU's capital markets union action plan.
Today the group of independent Cohesion Policy experts presented its final report for a simplified EU funds framework after 2020.
To achieve sustainable growth and create jobs in the EU, boosting investment in research, innovation, infrastructure, education and SMEs is key, say MEPs.
Europeans expect their Union to do more. At a time when the EU is doing more than ever before to protect, empower and defend its citizens, resources continue to be stretched at the seams.
The Council agreed its stance on part of a package of proposals aimed at reducing risk in the banking industry. The Council closed excessive deficit procedures for Croatia and Portugal, confirming their deficits have dropped below the EU's 3% of GDP reference value.
The Eurogroup finalised its discussion on the ongoing second review of Greece's macroeconomic adjustment programme financed by the European Stability Mechanism.
The EU should reap the benefits of the “collaborative” or “sharing” economy, while ensuring fair competition, workers’ rights and tax compliance.
Central counterparties (CCPs) from the EU are already well regulated and equipped to deal with financial distress, thanks to a raft of measures adopted in the wake of the financial crisis. However, further reforms to ensure a more consistent and robust supervision of CCPs in EU and non-EU countries are now needed to deal with emerging challenges.
Today the Commission is taking further steps to drive forward the Capital Markets Union (CMU), a pivotal project of the Juncker Commission to boost jobs and growth in Europe.
Following the Commission's White Paper on the Future of Europe presented on 1 March, the Commission now sets out possible ways forward for deepening Europe's Economic and Monetary Union.
The Commission today proposed a draft budget for 2018 of €161 billion in commitments to stimulate the creation of more jobs, especially for young people, and to boost growth and strategic investments.
The Council agreed on a new system for resolving double taxation disputes between member states. Ministers also discussed a proposal for a common corporate tax base (CCTB) in the EU, aimed at reducing the administrative burden of multinational companies.
Member States should use the window of opportunity offered by the economic recovery to pursue structural reforms, boost investment and strengthen their public finances.
The European economy has entered its fifth year of recovery, which is now reaching all EU Member States. This is expected to continue at a largely steady pace this year and next.
Having reached the middle of its mandate, the European Commission published today the mid-term review of its Digital Single Market strategy. It takes stock of the progress made, calls on co-legislators to swiftly act on all proposals already presented, and outlines further actions on online platforms, data economy and cybersecurity.
The reforms provide simpler and more proportionate rules for over-the-counter derivatives to reduce costs and regulatory burdens for market participants without compromising financial stability.
Today's package of measures will make it easier for people and companies to manage their paperwork online in their home country or when working, living or doing business in another EU country and it will help ensure that commonly agreed EU rules are respected.