News
Europeans favour greater economic coordination
75% of respondents think the EU would benefit from more coordination between member countries on economic and financial matters. The survey was conducted in May, at the height of the debt crisis.
EU popularity plunges right across the bloc
People's confidence in the European Union has dropped to record lows in most countries amid a placid response to the rising unemployment and troubles of the Eurozone, a Eurobarometer published on 26 August, 2010 shows.
New Rights for boat passengers
Ferry and boat passengers in the EU are to have the same rights to compensation as air travellers following a decision by the European Parliament. Under the new regulation, due to enter into force in 2012, ferry and boat users will have the right to assistance and compensation in case of delays and disabled passengers will have the right to free-of-charge help at ports.
Reform of Financial Supervision
The European Parliament has sent a strong message to EU Member States that the only option for effective financial supervision is one based on a thorough reform of the current system, with the establishment of European authorities capable of taking effective action to avert crises and avoid taxpayer bailouts.
Reform of Financial Supervision
The European Parliament has sent a strong message to EU Member States that the only option for effective financial supervision is one based on a thorough reform of the current system, with the establishment of European authorities capable of taking effective action to avert crises and avoid taxpayer bailouts.
New Rights for boat passengers
Ferry and boat passengers in the EU are to have the same rights to compensation as air travellers following a decision by the European Parliament. Under the new regulation, due to enter into force in 2012, ferry and boat users will have the right to assistance and compensation in case of delays and disabled passengers will have the right to free-of-charge help at ports.
Economic Forecasts
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns. The EU recovery continues to be surrounded by a high degree of uncertainty, as illustrated by recent tensions in government bond markets.
Financial Market controls
The European Parliament's Economic Committee is having its say on the proposals for a European Systemic Risk Board and a European System of Financial Supervisors. Stricter controls over hedge funds and other "alternative investment funds", amongst other proposals, are being considered.
7th April 2010
The European Commission is considering a tax on bank leverage and risk-taking as one of several "innovative financing options". The new tax could generate as much as €50 billion a year for EU governments, whose public finances have been left in tatters following the recent financial crisis.
7th April 2010
The Constitutional Affairs Committee of the European Parliament has endorsed a modification of the Lisbon Treaty that would allow 18 new Members of the European Parliament to take their seats during the ongoing legislature.
