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Europe Daily Bulletin No. 12984

2 July 2022
Contents Publication in full By article 5 / 24
ECONOMY - FINANCE - BUSINESS / Economy
Euro area inflation estimated at 8.6% in June and unemployment at 6.6% in May
Brussels, 01/07/2022 (Agence Europe)

Annual inflation in the euro area is expected to be 8.6% in June, up from 8.1% in May, according to a flash estimate published by the Statistical Office of the European Union (Eurostat) on Friday 1 July.

Price inflation was highest in Estonia (22.0%), Lithuania (20.5%) and Latvia (19.0%), and lowest in Malta (6.1%) and France (6.5%). It was 8.2% in Germany, 8.5% in Italy and 10.0% in Spain.

Looking at the main components of euro area inflation, energy is expected to have the highest annual...

Contents

EXTERNAL ACTION
TRADE: European Parliament and EU Council reach provisional agreement on Regulation to combat unfair foreign subsidies
NEW ZEALAND: EU-Wellington agreement overall welcomed, except by European agricultural stakeholders
ECONOMY - FINANCE - BUSINESS
FINANCE: European Parliament/EU Council political agreement on EU crypto-asset framework
FINANCE: differences in European Parliament on contours of European single window for access to financial data
ECONOMY: euro area inflation estimated at 8.6% in June and unemployment at 6.6% in May
SECTORAL POLICIES
ENERGY: European Parliament political groups agree on compromises on revision of ‘RED II’ directive
FOOD SAFETY: MEPs call for guarantees that pesticide reduction targets will be met
AGRICULTURE: Copa-Cogeca expects European cereal production to fall by 4%
INDUSTRY: ‘Chips Act’, European Parliament Conference of Presidents confirms Industry and Research Committee as responsible for substance
TERRORISM: EU and New Zealand sign agreement to facilitate exchange of personal data to strengthen cooperation
CONSUMERS: Amazon Prime commits to change cancellation practices to comply with EU law
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
POLAND: reform of Polish judges’ disciplinary system insufficient, says Ursula von der Leyen
INSTITUTIONAL
EU2022CZ: Petr Fiala puts energy independence at heart of Czech Presidency’s priorities
PARLIAMENTARY PLENARY: suspenseful vote on taxonomy, Czech Presidency priorities and rising cost of living on European Parliament’s agenda
FUTURE OF EU: following Conference on Future of Europe, European Parliament puts pressure on EU Council
Russian invasion of Ukraine
ECONOMY: European Commission proposes new €1 billion macrofinancial assistance operation for Ukraine
STATE AID: green light for €5 billion French support for energy-intensive companies in context of war in Ukraine
NEWS BRIEFS
CLIMATE: US Supreme Court limits Environmental Protection Agency’s powers to reduce emissions
EDUCATION: ‘Pathways to School Success’, European Commission presents measures to combat early school leaving
COMPANIES: EISMEA launches call for proposals in field of standardisation
SPACE: European Commission announces €520 million to support space research and innovation
FISHERIES: EU Council adopts text revising some quotas for 2022
HEALTH: ECDC sees signs of new wave of Covid-19
TRANSPORT: European Parliament Transport Committee vote on ‘FuelEU Maritime’ postponed to October