Economy
MEPs strengthen #EUFinancialWatchdogs
MEPs approved rules strengthening the EU financial supervision needed for safer financial markets, fighting money laundering, and protecting consumers. The new law, adoptedthis week by 521 in favour, 70 against, with 65 abstentions, already agreed with EU ministers and spearheaded through Parliament by Othmar Karas (EPP, AT) and Pervenche Berès (S&D, FR), consists of an […]
#OLAF – Parliament paves way for a more effective fight against fraud
The European Parliament has adopted its negotiating position at first reading on the reform of the European Anti-Fraud Office (OLAF). “We have reached an important milestone on our way towards a stronger anti-fraud policy at EU level,” said Inge Gräßle MEP, chairwoman of the Budgetary Control Committee, who authored the report. “We reached a consensus […]
#BankingUnion – Parliament approves rules to reduce risks to EU banks and protect taxpayers
Parliament adopted a significant step towards reducing risks in the banking system and establishing the Banking Union, this week. The rules approved by Parliament and already informally agreed with member states, concern prudential requirements to make banks more resilient. This should help to boost the EU economy by increasing lending capacity and creating more liquid capital […]
#EUUSTrade – Commission welcomes Council’s green light to start negotiations with the United States
The European Commission welcomes today’s decision by the Council to adopt the negotiating directives for trade talks with the United States, thus continuing to deliver on the implementation of the Joint Statement agreed by Presidents Juncker and Trump in July 2018. European Union Member States gave the Commission the green light to start formal negotiations […]
UK wage growth at new decade high as employers hire in the face of #Brexit
British workers’ pay grew at its joint fastest pace in over a decade as employers extended their hiring spree, adding to signs that uncertainty about Brexit is prompting firms to take on workers rather than commit to longer-term investments, write William Schomberg and Andy Bruce. Contrasting with other sluggish readings of Britain’s economy, total earnings, including bonuses, rose […]
#RoadSafety – Parliament approves EU rules requiring life-saving technologies in vehicles
Vulnerable road users, such as cyclists and pedestrians, account for almost half of road accident victims© AP Images/European Union-EP Safety features such as intelligent speed assistance and advanced emergency-braking system will have to be installed in new vehicles as from May 2022. “This law is paving the way to save thousands of lives in the […]
Making the best of connected information on #Migration and crime
The European Parliament has given the final green light to two pieces of legislation connecting seven information systems used by law enforcement and border guards. By connecting bits and pieces already stored in all these databases, criminals will find it more difficult to escape justice, and those who are in the EU illegally will not […]
