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SPECIAL COVERAGE

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On 23 June 2016 citizens of the United Kingdom (UK) voted to leave the European Union (EU).

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13/03/2014 - Economy and the euro

The nine RTS adopted today define the ways in which competent authorities and market participants must, inter alia, handle disclosures linked to securitisation instruments, measure potential losses from derivative positions and counterparty failure.

11/03/2014 - Economy and the euro / Justice and citizens’ rights

The ultimate owners of companies and trusts would have to be listed in public registers in EU countries, under draft anti-money laundering rules voted by Parliament.

06/03/2014 - Economy and the euro / Statistics

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 0.25%, 0.75% and 0.00% respectively.

05/03/2014 - Economy and the euro

The European Commission has published its conclusions emerging from the in-depth reviews (IDRs) carried out into 17 Member States' economies.

04/03/2014 - Business, taxation and competition / Economy and the euro / EU regional and urban development

The Commission has adopted its Final Simplification Scoreboard: over 120 measures to simplify the EU funding rules for Europe's businesses, towns, regions, scientists and NGOs.

25/02/2014 - Economy and the euro / Statistics

The European Commission's winter forecast foresees a continuation of the economic recovery in most Member States and in the EU as a whole. After exiting recession in spring 2013 and three consecutive quarters of subdued recovery, the outlook is for a moderate step-up in economic growth.

Euro bills © EU
24/02/2014 - Economy and the euro / Statistics

Euro area annual inflation was 0.8% in January 2014, stable compared to December 2013. A year earlier the rate was 2.0%. Monthly inflation was -1.1% in January 2014.

13/02/2014 - Economy and the euro / Research and innovation

The EU's app sector has gone from zero to digital superhero in less than five years. By 2018 it could employ 4.8 million people and contribute €63 billion to the EU economy according to a report presented in Brussels.

Euro bills in someone’s hands © EU
06/02/2014 - Economy and the euro

As part of the intensified battle against tax fraud, the Commission launched the process to start negotiations with Russia and Norway on administrative cooperation agreements in the area of Value Added Tax (VAT).

04/02/2014 - Economy and the euro / Justice and citizens’ rights

Judges imposing their countries’ maximum penalties for serious offences such as manipulating the LIBOR benchmark interest rate would have to stipulate at least four years in jail under draft rules approved by Parliament.

29/01/2014 - Economy and the euro

The European Commission has proposed new rules to stop the biggest and most complex banks from engaging in the risky activity of proprietary trading.

28/01/2014 - Economy and the euro

The Council adopted a decision establishing the existence of an excessive deficit in Croatia. It also adopted a directive aimed at creating a single market for mortgage credits.  

Calculator and 50 euro note © EU
20/01/2014 - Economy and the euro

Member States' tax provisions are to be scrutinised to ensure that they do not discriminate against mobile EU citizens, in a targeted initiative launched by the Commission.

Euro bank-note and coins © EU
16/01/2014 - Economy and the euro / Statistics

Euro area annual inflation was 0.8% in December 2013, down from 0.9% in November. A year earlier the rate was 2.2%. Monthly inflation was 0.3% in December 2013.

15/01/2014 - Business, taxation and competition / Economy and the euro

The European Commission has adopted new guidelines setting out the conditions under which Member States can grant aid to facilitate access to finance by European SMEs and companies with a medium capitalization (the so-called "midcaps").

15/01/2014 - Business, taxation and competition / Economy and the euro

New EU rules on public procurement and concession contracts approved by Parliament will ensure better quality and value for money when public authorities buy or lease works, goods or services.

09/01/2014 - Business, taxation and competition / Economy and the euro

The Commission has adopted a proposal to give an extra transition period of six months during which payments which differ from the SEPA format can still be accepted so as to ensure minimal disruption for consumers and businesses.

09/01/2014 - Economy and the euro / Statistics

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 0.25%, 0.75% and 0.00% respectively.

06/01/2014 - Economy and the euro

Latvia adopted the euro on 1 January, thus becoming the 18th member of the euro area. The changeover is proceeding according to plan.

19/12/2013 - Economy and the euro

The Council agreed a general approach on a proposed single resolution board and a single fund for the resolution of banks.

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