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Europe Daily Bulletin No. 12360

31 October 2019
Contents Publication in full By article 4 / 29
ECONOMY - FINANCE - BUSINESS / Ecb
Christine Lagarde defends a monetary policy that favours employment over savings
Brussels, 30/10/2019 (Agence Europe)

Christine Lagarde of France, who is about to take over the reins of the European Central Bank (see EUROPE B12358A6), defended on Wednesday 30 October the policy of very low or even negative interest rates, which supports economic growth and employment at the expense of savers.

“Didn’t we finally do the right thing by deciding in favour of employment and growth, rather than in favour of protecting savers?”, she asked while on RTL. “People will be happier to have a job than to have...

Contents

ECONOMY - FINANCE - BUSINESS
TAXATION: agreement in EU Council on VAT exemption for supplies to armed forces participating in European defence effort
TAXATION: member states to make new attempt to reach agreement on legislative package on excise duties
COMPETITION: commission opens in-depth investigation into Fincantieri’s proposed acquisition of Chantiers de l'Atlantique
ECB: Christine Lagarde defends a monetary policy that favours employment over savings
ECONOMY: European Fiscal Board proposes a “radical” simplification of Stability and Growth Pact
INSTITUTIONAL
RULE OF LAW: culture and practice of rule of law in Member States must be strengthened, says EESC’s ad hoc group
UNITED KINGDOM: risk of disorderly exit of United Kingdom from EU still exists, according to Michel Barnier
BUDGET: Commissioner Oettinger expects agreement on EU's financial framework 2021-2027 in “February or March 2020”
COMMISSION: Jyrki Katainen will be able to chair SITRA Foundation from 2020, under certain conditions
COURT OF AUDITORS: Court will publish a report on the performance of EU policies in 2020 for first time
SECTORAL POLICIES
JHA: Avramopoulos and King send a “can do better” to Member States on EU security
JUSTICE: three candidates shortlisted for post of European Data Protection Supervisor
TRANSPORT: third Finnish draft compromise in EU Council on rail passenger rights
SPACE: Space Traffic Management gives rise to debate among Member States
FISHERIES: Ecuador receives a yellow card for its lax approach to combating illegal fishing
GMO: risk assessments in EU are insufficient, according to pan-European research project RAGES
CIRCULAR ECONOMY: average glass collection for recycling rate in EU has reached a record high of 76%
EXTERNAL ACTION
WESTERN BALKANS: Mr Sassoli and Ms Mogherini commit themselves to EU accession negotiations with North Macedonia and Albania
NEWS BRIEFS
AGRICULTURE: Coceral publishes two reports on management of mycotoxins
COMPETITION: Apple Pay on European Commission’s radar
BIODIVERSITY: EBNS, a European forum on business and biodiversity, will be held on 7-8 November in Madrid
HORN OF AFRICA: EU mobilises 3 million euros in emergency humanitarian aid for flood victims
SUSTAINABLE DEVELOPMENT: OECD advocates multi-stakeholder partnerships to achieve SDG 3 ‘good health and well-being’
ENERGY: Denmark removes last obstacle to completion of the Nord Stream 2 gas pipeline
TAXATION: Belize will leave European blacklist of non-cooperative jurisdictions
EUROPEAN OMBUDSMAN: five eligible candidates will be heard on December 3
INTELLECTUAL PROPERTY: nearly half of SMEs consider that they have suffered from a lack of knowledge about intellectual property, according to EUIPO
SRI LANKA: EU deploys election observation mission
TUNISIA: green light for a 150 million euro macro-financial assistance tranche