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Europe Daily Bulletin No. 12384

6 December 2019
Contents Publication in full By article 6 / 28
ECONOMY - FINANCE - BUSINESS / State aid
Commission authorises recapitalisation of German bank NordLB
Brussels, 05/12/2019 (Agence Europe)

On Thursday 5 December, the European Commission decided that the German project to strengthen the equity capital of the State-owned Norddeutsche Landesbank - Girozentrale (NordLB) did not constitute State aid. The measures include a direct investment of 2.8 billion euros, as well as investments to make the necessary structural changes and downsizing of the bank to ensure that NordLB continues to operate profitably on the market.

The Commission considers that the planned measures will be...

Contents

ECONOMY - FINANCE - BUSINESS
EMU: Eurogroup is still struggling with reform of ESM and relaunch of negotiations on banking union
FINANCE: white smoke between European Parliament and EU Council for taxonomy on sustainable finance
TAXATION: Ecofin Council takes note of deadlock with country-by-country reporting
MONEY LAUNDERING: Member States open to discussion on granting certain supervisory powers to an EU body
ECONOMY: Member States shall require a feasibility study on rationalising European financial architecture
STATE AID: Commission authorises recapitalisation of German bank NordLB
INSTITUTIONAL
GREENS/EFA: Philippe Lamberts: “Believing in green growth is believing in miracles”
CZECH REPUBLIC: Johannes Hahn does not wish to publish audit report on ‘Babiš’ case
PARLIAMENT: Sassoli wants all elected representatives in European Parliament to be subject to same rules for European elections in future
BUDGET: Finland's Presidency of the Council unveils its “balanced” compromise on the 2021-2027 financial framework
SECTORAL POLICIES
CLIMATE/ENVIRONMENT: health of planet deserves hundreds of billions of euros of investment per year required by Green Deal, according to Timmermans
ENERGY: Kadri Simson fails to convince MEPs on 4th list of projects of common interest
AGRICULTURE: risk management instruments have partially met their objectives, according to European Court of Auditors
ENVIRONMENT: MEPs and experts confirm difficult coexistence between livestock farmers and wolves
ANIMAL HEALTH: new call to stop caging farm animals
MIGRATION: Greece, first stop on Ylva Johansson and Margaritis Schinas’ tour of capitals, calls for increased support on returns of migrants
INDUSTRY: Bruno Le Maire announces an imminent Commission decision on subsidies to European Battery Alliance
SPACE/DEFENCE: European Commission has finalized organisation chart of its Industry, Space and Defence services
COURT OF JUSTICE OF THE EU
JUSTICE: competent authority of enforcing State cannot refuse to enforce a fine for a traffic offence imposed on person in whose name vehicle is registered
NEWS BRIEFS
AGRICULTURE: Finnish Presidency of Council provides an update on work on post-2020 CAP
ECONOMY: avenues for reflection on evolution of European fiscal rules postponed to January
COMPANIES: Alban Maggiar elected head of SMEunited
EURO AREA: Hans Vijlbrief reappointed head of Eurogroup Working Group until end of January 2022
FINANCE: EU Council adopts its joint statement with Commission on stablecoins
FINANCE: Council of EU sets its objectives for deepening Capital Markets Union
TAXATION: EU Council supports a revision of Energy Taxation Directive
PARLIAMENT: Cristian-Silviu Buşoi to chair European Parliament's Industry, Research and Energy Committee
POLAND: new National Council of Polish Judiciary does not offer guarantees of independence from political power, according to country’s Supreme Court