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Image header Agence Europe
Europe Daily Bulletin No. 11816
Contents Publication in full By article 10 / 32
ECONOMY - FINANCE - BUSINESS / Banks

Commission authorises Italian plan to liquidate two Venetian banks

On Sunday 25 June, the European Commission authorised the Italian aid plan with a price tag potentially up to €17 billion, to liquidate two Venetian banks, Banca Popolare di Vicenza (BPVI) and Veneto Banca, and to sell their solvent activities to the Italian banking group Intesa Sanpaolo.

The markets seemed to react fairly well to this announcement on Monday 26 June, with Intesa Sanpaolo’s share registering a 5.08% increase as of 4 PM.

Basically, the Italian State has undertaken to pay...

Contents

SECTORAL POLICIES
ENERGY: Council of EU reaches painful political agreements on revision of 'energy efficiency' and 'performance of buildings' directives
ENERGY: Council of EU approves regulation establishing simplified framework for energy labelling
DIGITAL: Issue of protected content could paralyse geo-blocking negotiations
MIGRATION: Mogherini appeals for legal migration channels to be opened
MIGRATION: Civil liberties committee continues to blame member states for relocation weaknesses
AGRICULTURE: New Council mandate on organic farming to negotiate final agreement with European Parliament
FISHERIES: Efforts continue to address poor state of Atlantic salmon stocks
ENVIRONMENT: Proposal for virtual ban on three neonicotinoids ready soon
COHESION: Katainen wants to clarify rules between cohesion policy and Juncker plan
ECONOMY - FINANCE - BUSINESS
BANKS: Commission authorises Italian plan to liquidate two Venetian banks
ANTI-TRUST: Google handed record fine for abuse of dominant position
STATE AID: Green light for State aid to support construction of high-speed rail link between Paris and Charles de Gaulle airport
STATE AID: Commission authorises tax breaks for employee share options in Sweden
ACCOUNTING: New guidelines on publication of non-financial information
EXTERNAL ACTION
TRADE: 10% increase in number of barriers encountered by European exporters in 2016
JAPAN: Malström hopes agreement with EU will be announced during G20 free trade negotiations
USA: EU not ruling out retaliation measures for US anti-dumping taxes on European steel
MEXICO: Fourth round of talks to update free trade agreement with EU
LIBYA: Zimmer criticises European Council decision to accelerate coastguard training and provision of equipment
CHINA: EU calls for release of all human rights defenders
ACP-EU: Joint Parliamentary Assembly united on climate and Sahel but divided on Burundi
INSTITUTIONAL
UNITED KINGDOM: May seeks to reassure Europeans living in UK before Brexit
NEWS BRIEFS
SPACE: ESA and space industry launch 'satellite for 5G' initiative
SEA: Council conclusions on blue growth
PAKISTAN: European Union speaks out against several attacks committed in a few hours
FISHERIES: Delegated act on advisory councils
RESEARCH: Formal adoption of PRIMA research and innovation programme
REGIONS: Ministers adopt ERDF amendments in effort to help regions suffering from natural disasters
TUNISIA: EBRD support for Tunisian SMEs via a Tunisian-French bank
TRANSPORT: Commission awards for five European road safety initiatives
TRANSPORT: Inland waterway actors unveil priority policies
WEEKLY SUPPLEMENT
European Library: N. 1188