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Europe Daily Bulletin No. 12525

11 July 2020
Contents Publication in full By article 2 / 37
ECONOMY - FINANCE - BUSINESS / Finance
Discussion on capital markets union shortened at Ecofin Council
Brussels, 10/07/2020 (Agence Europe)

The planned behind closed-doors exchange of views between EU finance ministers on the capital markets union (CMU) on Friday 10 July finally turned into a simple presentation of the final recommendations of the High Level Forum on the CMU.

After Thomas Wieser's presentation of the final work of the Forum he chaired (see EUROPE B12503A13), no minister took the floor, according to a European source. 

Only the Executive Vice-President of the European Commission, Valdis Dombrovskis, intervened...

Contents

EU RESPONSE TO COVID-19
BUDGET/ECONOMY: Charles Michel proposes a €750 billion recovery plan and a €20 billion cut in 2021-2027 MFF
ECONOMY - FINANCE - BUSINESS
FINANCE: discussion on capital markets union shortened at Ecofin Council
ECONOMY: first loans under SURE instrument expected after summer
EMU: Bulgaria and Croatia integrated into exchange rate mechanism 'ERM II' starting 13 July
EUROPEAN PARLIAMENT PLENARY
BUDGET/RULE OF LAW: European Parliament prepares for delicate discussions with EU Council on conditionality link between Rule of law and release of EU funds
COHESION: cohesion policy must be properly funded, insists European Parliament
CULTURE: MEPs criticise Commission for its “fine words” and lack of interest in cultural sector
FUNDAMENTAL RIGHTS: European Parliament calls on European Commission to ensure post-2020 strategy for integrating Roma is more closely followed than previous one
VENEZUELA: Juan Guaidó is still country's legitimate interim president, according to European Parliament
ENVIRONMENT: Parliament opposes extension of approvals for 26 active pesticide substances, including flumioxazine
ENVIRONMENT: by one vote, European Parliament refuses request to reject authorisation of chromium trioxide for certain uses
EUROPEAN PARLIAMENT: European Parliament unveils composition of special committees, committee of inquiry and new sub-committee created in June
ENERGY: European Parliament resolution on revision of guidelines for trans-European energy infrastructure
BUDGET: European Parliament gives go-ahead for €585 million to support refugees from Syria
TAXATION: European Parliament adopts its opinion on postponement of application of VAT package on e-commerce due to Covid-19
MONEY LAUNDERING: European Parliament adopts its resolution on Commission's action plan on fight against money laundering
CITIZENSHIP: European Parliament gives green light to extend deadline for signature collection for European Citizens' Initiative
EMPLOYMENT: European Parliament calls for collective bargaining to be extended to workers on digital platforms
SECTORAL POLICIES
SPACE: inaugural flight of Ariane 6 postponed to second half of 2021
DIGITAL: first contributions from European Observatory on Online Platform Economy
JUSTICE: decline in confidence in independence of judiciary continues in several Member States
HOME AFFAIRS: despite some weaknesses, Western Balkans, Georgia, Moldova and Ukraine can still benefit from visa liberalisation
ENERGY: EU hydrogen strategy faces criticism from environmentalists
ENERGY: European Commission publishes roadmap for its methane strategy
ETS: Commission adopts rules for operation of Modernisation Fund
EXTERNAL ACTION
FOREIGN AFFAIRS: ministers to discuss complicated relations with Turkey
GULF: EU Council working group calls for closer relations
MERCOSUR: Commission will have to justify to European Ombudsman that sustainable impact assessment of trade agreement with EU has been taken into account
SECURITY - DEFENCE
DEFENCE: transatlantic relationship must be adapted to challenges of 21st century, says Mr Borrell
COUNCIL OF EUROPE
TURKEY: Parliamentary Assembly of Council of Europe denounces conviction of four human rights activists
FUNDAMENTAL RIGHTS: Council of Europe Committee for the Prevention of Torture calls for increase in measures to protect detainees from Covid-19 pandemic
NEWS BRIEFS
UNITED STATES: EU calls on US administration to reverse its decision to reinstate death penalty
EUROGROUP: according to Nadia Calviño, she was one vote short of being elected president
MOLDOVA: go-ahead for €30 million macroeconomic assistance package
EUROPEAN PARLIAMENT: Covid-19, interpreters at European institutions sound alarm at deterioration of their situation
CALENDAR
Main activities of European Institutions: from 13/07 to 19/07/2020
CALENDAR EXTRA
Other Events: until 19 July 2020