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Europe Daily Bulletin No. 12519

3 July 2020
Contents Publication in full By article 21 / 37
ECONOMY - FINANCE - BUSINESS / Finance
Equity key to unlocking sustainable economic recovery, according to financial industry
Brussels, 02/07/2020 (Agence Europe)

While various options for monetary and fiscal stimulus packages are being discussed at European and national level, Accountancy Europe, the CFA Institute, FESE and the European Bank for Reconstruction and Development (EBRD) stressed in a joint statement released on Thursday 2 July that capital markets can play a crucial part in mitigating some of the economic fall-out from the Covid-19 pandemic.

The organisations argue that “The EU Capital Markets Union (CMU) should become the focal point...

Contents

EU RESPONSE TO COVID-19
BUDGET/ECONOMY: boost in negotiations on post-2020 EU budget
HEALTH: Europe is not safe from a second wave, warns ECDC
AFRICA: EU provides €110 million in aid to Libya and Tunisia to protect migrants and combat coronavirus
SECTORAL POLICIES
DIGITAL: Commission clarifies implementation of Audiovisual Media Services Directive
MIGRATION: returns directive, still a sensitive issue among MEPs
MIGRATION: NGO Oxfam denounces effects of new Greek asylum law
JUSTICE: Eurojust praised for its management of Covid-19 crisis and its 2019 report
JUSTICE: dismantling EncroChat, global encrypted communications network used by criminal organisations
TOURISM: Spanish, Italian, Maltese and Portuguese ministers call for more substantial and coordinated European support for the sector
CLIMATE: European Court of Auditors recommends that Commission review method of monitoring EU climate-related expenditure
ENVIRONMENT: fight against EU-induced deforestation requires a duty of care, according to draft ‘Burkhardt report’
ENVIRONMENT: Committee of the Regions believes not upgrading water legislation compromises the EU’s zero-pollution ambition
EU2020DE: CAP reform, Brexit, and animal welfare on agenda of German Presidency of Agriculture and Fisheries Council
COHESION: Committee of Regions proposes that link between Just Transition Fund and other Structural and Investment Funds be made more flexible
SECURITY - DEFENCE
EU2020DE: Berlin intends to strengthen Common Security and Defence Policy
DEFENCE: Mrs Parly stresses need for EU to have a capacity for autonomous action
EXTERNAL ACTION
EU2020DE: Germany wants to strengthen discussions with key partners
ENLARGEMENT: negotiating frameworks for Albania and North Macedonia were presented
UNITED KINGDOM: status quo in discussions on future relationship between London and EU
RUSSIA: EU calls on authorities to investigate allegations of irregularities during constitutional referendum
ECONOMY - FINANCE - BUSINESS
FINANCE: equity key to unlocking sustainable economic recovery, according to financial industry
BREACHES OF EU LAW
TRANSPORT: Greece and Italy subject to infringement proceedings for violation of rules protecting air passenger rights
MONEY LAUNDERING: Austria, Belgium and Netherlands referred to Court of Justice by Commission for incomplete transposition of 4th Anti-Money Laundering Directive
HOME AFFAIRS: Spain referred to Court of Justice for failure to transpose European PNR Directive
ENVIRONMENT: Habitats Directive, Commission refers Slovakia and Ireland to Court of Justice of EU
ENVIRONMENT: fight against excessive noise, Commission decides to refer Portugal and Slovakia to CJEU
ENVIRONMENT: European Commission takes Bulgaria to EU Court of Justice for non-compliance with Marine Strategy Framework Directive
INTERNAL MARKET: Trade Mark Directive, Commission refers Romania to EU Court of Justice
COURT OF JUSTICE OF THE EU
TAXATION: an order to provide tax information on a cross-border basis should be subject to judicial review, says Advocate General
NEWS BRIEFS
HOME AFFAIRS: Hungary currently only accepting tourists from Serbia
ENERGY: over 60 NGOs call for European Parliament’s Committee on Regional Development to exclude all fossil fuels from Just Transition Fund
ENERGY: gas should not be totally excluded from Just Transition Fund, says European Parliament’s Committee on Environment
COMPANIES: Small Business Standards opposes creation of new ISO committee on social responsibility
MERCOSUR: South American bloc calls for signature of trade agreement with EU
TERRORISM: MEPs confirm opening of negotiations on data exchange between Commission and New Zealand
TRANSPORT: Pakistan International Airlines can no longer operate in EU
VENEZUELA: EU ambassador will not be expelled