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Image header Agence Europe
Europe Daily Bulletin No. 12516
Contents Publication in full By article 18 / 29
ECONOMY - FINANCE - BUSINESS / Competition

Regulation capping interchange fees fulfils its objectives, according to Commission

The main objectives of Regulation (2015/751), which caps multilateral interchange fees (MIFs) for credit and immediate debit card payments, have been achieved, such that legislative reform is not necessary at this stage, says the European Commission in a report it published on Monday 29 June.

MIFs are commissions paid by a merchant’s bank to the bank of the cardholder of the payment card used in a transaction.

On the basis of an external study published in March(see EUROPE B12444A10), the...

Contents

EU RESPONSE TO COVID-19
HOME AFFAIRS: EU27 in process of finalising first European list of third countries whose nationals will be able to enter EU on 1 July
BUDGET/ECONOMICS: EU Council lawyers validate architecture of Next Generation EU
STATE AID: European Commission gives go-ahead for Italian, Slovenian, Bulgarian, Dutch and Swedish state aid measures
HEALTH: Covid-19 fundraising marathon culminates in 16 billion euros total pledged for universal vaccine deployment
SECTORAL POLICIES
AGRICULTURE: despite differences, Germany hopes for an agreement in EU Council on post-2020 CAP before year end
FISHERIES: EU ministers concerned about consequences of Covid-19 pandemic and future relationship with United Kingdom
ENVIRONMENT: a 50% reduction in pesticide risks by 2030 must not be wishful thinking, MEPs say
CLIMATE: CORSIA, a coalition of civil society organisations urges ICAO not to change reference period
JUSTICE: law applicable to enforceability of assignments of claims, German Council Presidency will take lead again
JUSTICE: Commission proposes to amend operating rules of selection panel to allow for training of College of European Prosecutors
EQUALITY: Commission intends to publish report on application of Racial Equality Directive
DIGITAL: application of Network Security Directive considered too fragmented by Commission
EXTERNAL ACTION
SOUTH KOREA: Covid-19 pandemic response at heart of virtual summit
SERBIA: Mrs von der Leyen and Mr Michel call for further reforms
TRADE: eight Member States urge Commission to control illegal import of wild meat into EU
WTO: Phil Hogan not to run for position of Director-General
ECONOMY - FINANCE - BUSINESS
ECB: German government defends ECB's very accommodative monetary policy
COMPETITION: regulation capping interchange fees fulfils its objectives, according to Commission
INSTITUTIONAL
RULE OF LAW: MEPs want to ensure that Commission's annual report on Rule of law is as comprehensive as possible
NEWS BRIEFS
EU2020DE: Angela Merkel can once more “make a decisive contribution to solving problems” in EU, says Hans-Gert Pöttering
INDUSTRY: Mr Breton suggests directing efforts of Spanish car industry towards electric power
WTO: Establishment of dispute panels on Colombian French fries and Indian ICT tariffs
POLAND: Andrzej Duda, incumbent president, wins first round of presidential election
CSDP: Borrell calls on EU Member States to fulfil their obligations with regard to missions
CIVIL PROTECTION: EU assists Ukrainian authorities in fighting floods
RUSSIA: EU extends economic sanctions for six months
TURKEY: for Mr Borrell, relations with Ankara are most pressing issue in EU foreign policy
VENEZUELA: EU sanctions eleven new dignitaries from Maduro regime
Op-Ed
OP-ED: Throughout its national efforts to face the public health challenges, Morocco has continued to show solidarity with its continent and its partners. By Nasser Bourita