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The European Commission is launching the Capital Markets Union Action Plan today to help build a true single market for capital across the 28 EU Member States.
At the High Level Economic and Trade Dialogue in Beijing today, China announced its intention to contribute to the Investment Plan, as well as closer cooperation with the EU on investment issues in general.
The 2015 edition of the Consumer Scoreboard shows that cross-border e-commerce is still an under-developed market in Europe: 61% of consumers feel more confident buying online from their own country (61%) than from another EU country (38%).
VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission today.
At today’s meeting 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 0.05%, 0.30% and -0.20% respectively.
The European Stability Mechanism (ESM), Europe's firewall established in 2012 in response to the global financial crisis, will be able to disburse up to EUR 86 billion in loans over the next three years, provided that Greek authorities implement reforms to address fundamental economic and social challenges, as specified in the MoU.
On 14 August 2015, the Eurogroup issued a statement welcoming the agreement reached between Greece and the European institutions, with input from the IMF, on the policy conditionality underlying the new European Stability Mechanism(ESM) programme for Greece.
Two days after an agreement paving the way for a new support programme for Greece, the European Commission revealed plans today to help Greece maximise its use of EU funds.
The Council issued country-specific recommendations and opinions on the economic, fiscal and employment policies planned by the member states, as well as a specific recommendation on the economic policies of the euro area.
Ministers held a follow-up discussion on the agreement negotiated at the Eurogroup and the Euro Summit over the previous two days following the request by Greece for financial assistance from the European Stability Mechanism, which had been submitted on 9 July 2015.
On 13 July 2015, the leaders from the euro area member states agreed in principle that they are ready to start negotiations on an ESM financial assistance programme for Greece.
The leaders of the euro area member states discussed the situation in Greece following the referendum held on 5 July. After the meeting President of the Euro Summit Donald Tusk confirmed that the euro area authorities were ready to do all that is necessary to ensure the financial stability in the euro area.
The European Commission takes note of and respects the result of the referendum in Greece. President Juncker is consulting tonight and tomorrow with the democratically elected leaders of the other 18 Eurozone members as well as with the Heads of the EU institutions.
Today the Commission is further delivering on its top priority of creating jobs and boosting growth in Europe, by unveiling a record €13.1 billion investment plan in 276 transport projects, selected under the Connecting Europe Facility (CEF).
Discussions at the European Council meeting focused on Greece, migration, the upcoming referendum in the UK, security and defence and economic issues.
The €315-billion “Juncker” investment plan, announced by the European Commission last November to encourage the financing of viable investments in Europe, was backed by the European Parliament in a vote on Wednesday.
The leaders held an exchange of views on Greece and clarified the positions and the situation in the ongoing talks between the Greek authorities and the institutions (the European Commission, the European Central Bank and the International Monetary Fund).
Today, the five Presidents have revealed ambitious plans on how to deepen the Economic and Monetary Union (EMU) as of 1 July 2015 and how to complete it by latest 2025.
The Council agreed its negotiating stance on structural measures to improve the resilience of EU credit institutions.
The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses.