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The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. This is substantially higher than expected in spring (1.7%). The EU economy as a whole is also set to beat expectations with robust growth of 2.3% this year (up from 1.9% in spring).
Ministers discussed improved VAT rules to help facilitate electronic commerce and online businesses. They also discussed proposals aimed at strengthening financial supervision and encouraging capital market integration in Europe.
The Eurogroup meeting took place in two formats: the first part was a regular meeting of the euro area ministers, while the second part was a meeting of the ministers of 27 EU member states with the aim of preparing the December Euro Summit.
Building on the significant progress already achieved, the Commission is today publishing a Communication that sets out an ambitious yet realistic path to ensure agreement on all the outstanding elements of the Banking Union, based on existing commitments by the Council.
The Council adopted a directive introducing a new system for resolving double taxation disputes between Member States. The Council also adopted conclusions setting out the EU position on climate change ahead of the next conference of the parties to the UN climate change convention.
The European Commission is today launching a new EU agenda to ensure that the digital economy is taxed in a fair and growth-friendly way. The Communication adopted by the Commission sets out the challenges Member States currently face when it comes to acting on this pressing issue and outlines possible solutions to be explored.
European consumers, investors and businesses will benefit from stronger and more integrated financial markets, thanks to plans by the Commission to reform the EU's supervisory architecture.
A financial scheme for local wireless access points in the EU, free of charge and without discriminatory conditions, is on its way.
Today, the EU economy is expanding for the fifth year in a row. Unemployment is at its lowest since 2008, banks are stronger, investment is picking up, and public finances are in better shape.
The Council has received 27 proposals by the member states, related to 23 cities, to host the EU agencies currently based in the UK. There have been 19 offers to host the European Medicines Agency (EMA) and 8 for the European Banking Authority (EBA).
The 2017 edition of the Consumer Conditions Scoreboard shows that more and more EU consumers are shopping online and that their trust in e-commerce has increased, in particular in buying online from other EU countries.
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.