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The Council discussed a draft directive addressing tax avoidance practices commonly used by large companies. After lengthy discussions, it agreed to postpone an agreement on the dossier to its meeting on 17 June 2016.
The Eurogroup welcomed a staff-level agreement between Greece and the institutions, paving the way for the finalisation of the first review of Greece's macroeconomic adjustment programme.
Member States are making progress with reforms and addressing macroeconomic imbalances, but more is needed to consolidate Europe's recovery.
The Eurogroup discussed the state of play of the first review of Greece's macroeconomic adjustment programme.
Economic growth in Europe is expected to remain modest as key trading partners' performance has slowed and some of the so far supportive factors start to wane. As a result, GDP in the euro area is forecast to continue growing at modest rates over the 2015-2017 period.
Benchmark interest rates that are critical to financial market stability across Europe, such as the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR), will become more reliable thanks to a new law voted in by Parliament.
The Commission is today leading the way towards greater corporate tax transparency by introducing public reporting requirements for the largest companies operating in the EU.
Today's Action Plan is the first step towards a single EU VAT area which is equipped to tackle fraud, to support business and help the digital economy and e-commerce.
The Commission presents first deliverable of Circular Economy Package with new rules on organic and waste-based fertilisers in the EU.
The Commission suggests policy measures to support the European steel sector to overcome its serious challenges, largely due to global overcapacity.
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations of the Eurosystem will be decreased by 5 basis points to 0.00%, from 16 March. The interest rates on the marginal lending facility and deposit facility will be decreased by 5 and 10 basis points respectively.
The European Commission and the European Supervisory Authorities should conduct an in-depth assessment of the effect of increasing capital requirements in current and future legislation on credit supply, especially to small and medium sized companies, Parliament says in a resolution.
Next year’s EU budget priorities should continue to be tackling the migration and refugee crisis while at the same time investing more and better to accelerate today’s slow economic recovery, MEPs say in a resolution.
The Council agreed its stance, pending the European Parliament's opinion, on a draft directive on the exchange of tax-related information on the activities of multinational companies.
EU Member States are making progress in addressing imbalances in their economies. They have also advanced in carrying out the country-specific recommendations issued last year, although to varying degrees across countries and policy areas.