European Union
the European Green Deal - EU Observer: LINK ¤ EU OBSERVER
_________________________________________
- "the European Commission - unveils its - one trillion Euro !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "green investment plan - to put Europe - on track !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to reach the - 2050 - emissions-neutrality - goal !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "while also helping - regions - to move away - from fossil fuels !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to mobilise - that investment - of public - and private money !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "over 10 years - to finance the - "European Green Deal" !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and meet the - climate objectives - all member states - agreed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to green - their economies - over the next 30 years - to tackle - climate change !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the long-awaited - Just Transition Mechanism - JTM - is part of the !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Sustainable Europe Investment Plan - which covers the - social dimension !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "of the - Green Deal - and which is supporting - European regions !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the JTM - focuses on three dimensions - economic diversification !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "re-skilling - and environmental transition - the JTM - leans on three pillars !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "a Just Transition Fund - the Invest EU program - and loans from the - European Investment Bank - EIB !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the Just Transition Fund - supports projects - that are - low-carbon !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and climate-resilient - including re-skilling programmes - jobs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "in new - economic sectors - and energy-efficient - housing !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "this fund - which generates - between € 30bn - to € 50bn - over seven years !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "explicitly excludes - any support for fossil fuels - the second major contribution !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to the JTM - comes from Invest EU - and the programme - known as the Juncker Plan !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "mobilises up to - € 45bn - in investments - finally - the EIB - works closely !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "with the EU Commission - to mobilise - between € 25bn - to € 30bn - additional investment !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "for the JTM - at least half - of EIB financing - is dedicated !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to climate action - projects - member states - are required to draw up !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- ""just transition plans" - which need to be consistent - with the !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "EU's - climate goals - and the - National Energy and Climate Plans !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "NECPs - to receive funding - to support regions - supporting a !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "cost-effective transition - to climate neutrality - by 2050 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
the European Green Deal - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "nearly every major aspect - of the European economy - is to be re-evaluated !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "in light of the imperatives - of the climate - the comprehensive nature !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "of the - "European Green Deal" - which encompasses the - air - we breathe !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to how food - is grown - from how we travel - to the buildings - we inhabit !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "represents the biggest overhaul - of policy - since the foundation of the - modern EU !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "this new strategy - shows - how to transform - our way of living !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and working - of producing - and consuming !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "so that the Europeans - live - healthier lives !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Europe - moves first - and moves fast !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Europe - must lead on - climate - the "European Green Deal" - shows how !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to lead the world - on climate action - with a target - of halving !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "emissions - by 2030 - and net-zero carbon - by 2050 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "under the - "European Green Deal" - regulators set - specific standards !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "on the manufacturing - of goods - to create a - circular economy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and phase out - unnecessary plastic - and other waste - before it is created !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "there are tougher - air quality requirements - and energy targets - are raised !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to generate - more energy - from renewable sources - up to 100% - by 2050 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "more freight - is transported - by rail - and water !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and greenhouse gas emissions - from air travel - are reduced !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "€ 100bn - to help finance - the transition to a - low-carbon economy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "along with the potential - for a carbon border - tax - to be levied !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "on imports - to the EU - from other countries !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - ( which have not sufficiently stringent - carbon targets ! )"
_________________________________________
- "Ester Asin - from the WWF - says "this package - is comprehensive" !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and identifying - the right areas - for action !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "from biodiversity - and environment restoration - to climate !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
Catalunya and Scotland - Missed Link:
_________________________________________
- "Catalunya - and Scotland - may want to become - European regions !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the Europeans - and the EU - should consider that - as a real possibility !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "what would be - if Catalunya - and Scotland - are official - European regions ?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "in Catalunya - more than 50% - of the people say - that they want to be in an - European region !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and in Scotland - there are tendencies - in a similar direction !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - ( Brexit ! )"
_________________________________________
- "there could be a - catalog - with strong minimum standards - in democracy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "for the cultural heritage - a strong social - and a strong environmental policy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
the State of Europe Address by Jean-Claude Juncker - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "Jean-Claude Juncker’s - state of Europe address - to the !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "European Parliament - is to unite - Europe !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the European Union - must go forward - says the President !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "of the European Commission - Juncker - reboot the bloc !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and make it - more relevant - to its citizens !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "a better Europe - that is a real - driving force !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the EU - must not only - preserve - our European way - of life !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "but also empower - those - who are living - it !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "improved cooperation - and solidarity - between the member states !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and with - Europe’s institutions - that are bettered !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the people - of Europe - want results !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
the UK leaves the European Union - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "the senior EU leaders - and the President of the European Commission !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Jean-Claude Juncker - confirm - that the UK !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "has to leave - the EU - as soon as possible !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "when it came to reforms - the UK at first said - "no" - and wanted something for it !"
_________________________________________
- "the Italian Prime Minister - Matteo Renzi - says "we must" !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "change - the EU - to make it !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "more human - and more just !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Europe - is our home - and it is - our future !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
EU Commission curbs corporate Tax Avoidance - Financial Times: LINK ¤ FINANCIAL TIMES_________________________________________
- "the EU Commission - sets out plans - to curb - corporate tax avoidance !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "by international companies - closing regulatory loopholes !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - ( LuxLeaks scandal ! )"
_________________________________________
- "the European Commission - curbs businesses’ use - of complex !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "intra-group - debt arrangements - and contains a provision !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "for all countries - to apply - an "exit tax" on - intellectual property assets !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "such as - patents - and further requirements - for companies !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to publicly disclose - the taxes - they paid - to individual countries !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Pierre Moscovici - the EU commissioner for economic - and financial affairs - says !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the EC - is determined - to crack down - on these companies - which tried !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "a fairer - and more stable - tax environment - is better - for all !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "Jean-Claude Juncker - the head of the EU executive - wins !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "overwhelming support - in the EU Parliament - in Strasbourg - for his !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "big initiative - the European investment fund - seeded with EU - budget money !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to deliver - € 315bn - the plan - grants to a loans-based approach !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "providing guarantees - to private investors - to fund - energy !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "IT - broadband - transport - and research projects !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "a vehicle - called the - European Fund for Strategic Investment !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "is seeded with - € 21bn - from the EU budget - including - € 5bn - from the EIB !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "which is to translate that - into more than - € 60 billion - in loans !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and guarantees - that - in turn - generates - € 315bn - in investment !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "any contributions - by member states - are exempted from - budget deficits rules !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the stated aim - of the new scheme is - sustainability - and create good jobs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
Jean-Claude Juncker confirmed - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "Jean-Claude Juncker - is confirmed as President of the - European Commission !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "by the MEPs - in the European Parliament - EP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "this confirmation - marks the first time - the EU Parliament !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "is effectively - driving - the nomination !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
EU cracks down on Banks dodging Bonus Cap - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "the EU - cracks down on - banks - dodging bonus cap !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "EU's cap on bonuses - for top staff - and can face - further action !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "from the European regulators - Michel Barnier - vice-president of the !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "European Commission - with responsibility - for financial services - warns !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- “there is a - coordinated - policy response !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the EU limits - bankers' bonuses - as part of a broader package - of reforms !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "encouraging - banks - to behave - more responsibly !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
European Parliament Election - the Guardian: LINK ¤ the GUARDIAN
_________________________________________
- "the European Parliament - now has a - strong say !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "in almost all - EU legislation - the parliamentary leaders !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "insist - that the job - of the new head - of the EU executive !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "after this elections - will have to go to either - Jean-Claude Juncker !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "or - Martin Schulz - the social democratic - parliamentary speaker !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "a cable - of the US embassy described - had lobbied for - investment climate !"
_________________________________________
- "EU Treaty - article 43 - EU member states - national treatment !"
_________________________________________
- "investors - from other member states - "four freedoms" - capital !"
_________________________________________
- "labor - goods - and persons - whether originated - from member state - or not !"
US Subprime Crisis - US cable - 2008: LINK ¤ 08BRUSSELS64
_________________________________________
- "Berrigan - of ECFIN - EU economic and financial affairs - said !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the US financial crisis - new complex - financial products !"
_________________________________________
- ""off-balance-sheets" - financial players - defaults on securitized - subprime loans !"
______________________________________________________________________________
_________________________________________
- "the EU Report - on financial services - supervision !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "emphasized the importance - of consistency - between EU !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the US - and global rules - this meant an !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "international process - to write - global rules !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and put in place - the right - global architecture !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "with all levels - of activity - that international regulators - need to fulfill !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
Financial Regulation - US cable - 2009: LINK ¤ 09BRUSSELS290
- "the EU report - noted the - US financial crisis !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "financial innovation - higher returns - increased leverage - risky assets !"
_________________________________________
- "low interest rates - mortgage lending - must be better regulated !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "there needed to be - sufficient oversight !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and more - transparency - for investors !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "policy - and regulatory - increase minimum - capital requirements !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "reduce pro-cyclicality - introduce stricter rules for - off-balance sheet - items !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "tighten norms - on liquidity management - and strengthen !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the rules - for bank's - internal control - and risk management !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "credit rating agencies - the underlying economic model - needed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
- "to be reviewed - in order to reduce - conflicts of interest !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "particularly from the - issuer pays - model !"
_________________________________________
- "an "European - securities authority - should be put in charge !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "of registering - and supervising - CRAs - in the EU !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "hedge funds - regulation - should be extended !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
- "to all entities - of a potentially - systemic nature !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "registration - and information requirements !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "should be imposed - internationally on - hedge funds !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
- "over the counter derivatives - should be regulated !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "derivatives - should be simplified - and standardized !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to reduce risk - at least one - "central clearing counterparty" !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "CCP - should be located in the EU - supervised by an !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- ""European securities authority" - and the ECB !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
- "EU supervisory - the structure of - EU supervision - must place !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "more emphasis - on macro-prudential - supervision !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "an European - systemic risk council - ESRC - should be created !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
- "and given responsibility for - macro-prudential supervision !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "to improve - micro-prudential supervision - an European system !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "of financial supervision - ESFS - should be created !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the committees - CEBS - CEIOPS - and CESR - should be transformed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "into new authorities - an European - banking authority - an European !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "insurance authority - and an European - securities authority !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "existing - national supervisors - should carry out - day-to-day supervision !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the committees - should coordinate - application - of supervisory standards !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "colleges of supervisors - should be set up - for all major - cross-border institutions !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "global supervisory - the EU - has an interest !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "in the worldwide - consistency of - regulatory standards !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the financial stability forum - FSF - is the body - best placed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
- "to coordinate - the work - of international - standard setters !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "in achieving - international regulatory consistency - the FSF needs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "more resources - and a stronger governance structure - it should be made !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "more accountable - by reporting - and by enlarging - its membership !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the IMF-C - IMF committee - should be transformed - into a !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "decision-making - council - the IMF - should be put in charge - of developing !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and operating - a financial stability - early warning system !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "accompanied by an - international risk map - and credit register !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
Financial Regulation - US cable - 2009: LINK ¤ 09FRANKFURT3283_________________________________________
- "representatives of the - European - and international - financial community !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "agreed - the key lessons - from the financial crisis - included !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "banks - need better - internal risk management !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "and stricter - and more effective - regulation - at all levels !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "numerous voices - US should - more sufficient - regulatory reforms !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "like - Jacques de Larosiere - who chaired the high-level - expert group !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
EU-Parlament stimmt für Anerkennung des Staats Palästina - der Standard: LINK ¤ der STANDARD
_________________________________________
- "das EU-Parlament - stimmt für die Anerkennung des - Staats Palästina !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "das EU-Parlament - nimmt mit 498 - gegen 88 Stimmen - einen !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Entschließungsantrag - für die Anerkennung des - Palästinenserstaates - an !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "der von fünf Parteien - gefundene Kompromiss - betont die Unterstützung !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "für die - Zwei-Staaten-Lösung - und fordert !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "die Weiterführung der - Friedensgespräche !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the European Union - EU - is a political - and economic union !!!!!!!!!!!!"
_________________________________________
- "of 27 - member states - in Europe - institutions include the - European Parliament !!!!!!!!!!!!"
_________________________________________
- "the Court of Justice - of the EU - and the European Central Bank - ECB !!!!!!!!!!!!"
_________________________________________
European Union - Map: LINK ¤ WIKIMEDIA