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Europe Daily Bulletin No. 12275

15 June 2019
Contents Publication in full By article 5 / 32
ECONOMY - FINANCE - BUSINESS / Spain
Madrid officially emerges from excessive deficit procedure
Luxembourg, 14/6/2019 (Agence Europe)

On Friday 14 June, the ECOFIN Council abrogated the excessive deficit procedure opened in 2009 for Spain, which brought its government deficit below 3% of national GDP on a sustainable basis.

The Spanish public deficit was 2.7% and 2.5% of GDP in 2017 and 2018 respectively. In its spring forecasts, the Commission forecasts a deficit of 2.3% of GDP in 2019 and 2.0% of GDP in 2020 (see EUROPE B12269A2). The structural deficit (excluding cyclical effects) improved by 0.4% of GDP over the...

Contents

ECONOMY - FINANCE - BUSINESS
EMU: partial agreement at Eurogroup on outline of future fiscal capacity for euro area
TAXATION: an agreement with ten Member States on financial transaction tax expected in autumn
FINANCE: expert group on sustainable finance will present its three reports on 18 June
ITALY: Eurogroup asks Rome to take “necessary measures” to comply with EU budgetary rules
SPAIN: Madrid officially emerges from excessive deficit procedure
STATE AID: green light for €5.4 billion Italian support for electricity production from renewable sources
STATE AID: green light for an Italian measure limiting strict emissions under a capacity mechanism
INSTITUTIONAL
FUTURE OF EU: only stumbling block preventing completion of EU Twenty-Seven strategic agenda for period to 2025 is climate issue
FUTURE OF EU: Jacques Delors Institute suggests guidelines for future European coalition
BUDGET: member States will confirm their differences on 2021-2027 multiannual financial framework on Tuesday 18 June
DEMOCRACY: EU resists disinformation campaigns despite increasing Russian manipulation
EPP: Lamassoure and Brok call on EU leaders not to end Spitzenkandidaten system
HUNGARY: Viktor Orbán sweeps away concerns about respecting rule of law in his country
SECTORAL POLICIES
HEALTH: slight tensions in EU Council on future EU budget
INDUSTRY: Commission proposes a legislative act to revise emission compliance factors
ENERGY: next trilateral negotiations on Russian gas delivered to Ukraine will be held around mid-September
CLIMATE: EU's credibility will be tested at European summit on 20-21 June, according to Greenpeace and WWF
SPACE: European space sector records a decline in commercial orders for first time in 15 years
EXTERNAL ACTION
FOREIGN AFFAIRS: crisis in Gulf brought up at Council of Foreign Ministers
TUNISIA: EU and Tunis reiterate their willingness to cooperate in fight against terrorism
UNITED STATES: Commission officially announces agreement with Washington on beef quotas
WTO: second round of negotiations on e-commerce this week in Geneva
SOCIAL AFFAIRS
SOCIAL: free movement of workers, Mr Budăi would like to organise a broad debate between different EU Council formations
NEWS BRIEFS
ENVIRONMENT: new EU regulation on persistent organic pollutants is adopted
TAXATION: Council actions removal of Dominica from European 'black' list of non-cooperative jurisdictions
TAXATION: Switzerland will soon be removed from grey list of non-Member States that must make commitments on ‘fair taxation’
RUSSIA: EU urges authorities to respect right to peaceful demonstration
SOUTHERN AFRICA: EU requests consultations on safeguard measures for European poultry
TRANSPORT: new heavy goods vehicles in EU must now be equipped with a first generation smart tachograph
The B-word: Agence Europe’s newsletter on Brexit
THE B-WORD: Back to the (with)drawing board
CALENDAR
Main activities of the European Institutions: from 17/06 to 23/06/2019
CALENDAR EXTRA
Other Events: until 30 June 2019