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Europe Daily Bulletin No. 12568

26 September 2020
Contents Publication in full By article 4 / 31
ECONOMY - FINANCE - BUSINESS / Banks
There is an urgent need to facilitate management of non-performing loans to avoid a repeat of 2008 scenario, warns Mr Dombrovskis
Brussels, 25/09/2020 (Agence Europe)

The Executive Vice-President of the European Commission, Valdis Dombrovskis, warned, on Friday 25 September, of the impact that an incomplete European regulatory framework for the management of non-performing loans (NPLs) would have on the banking sector’s ability to cope with the difficulties associated with the economic crisis caused by the Covid-19 pandemic.

“If we fail to act in time, we could see consequences of the last financial crisis repeating themselves and NPLs would rise on...

Contents

EU RESPONSE TO COVID-19
BUDGET/ECONOMY: European Parliament/EU Council negotiations on MFF 2021-2027 and Post-Covid-19 Recovery Plan resume on Monday 28 September
TRANSPORT: EU ministers to decide on a freight emergency plan in event of a pandemic
ECONOMY - FINANCE - BUSINESS
STATE AID: Commission appeals against judgment of General Court annulling decision ordering Ireland to recover tax benefits from Apple
BANKS: there is an urgent need to facilitate management of non-performing loans to avoid a repeat of 2008 scenario, warns Mr Dombrovskis
TAXATION: Paolo Gentiloni promises MEPs that European Commission will tackle aggressive tax planning practices
SECTORAL POLICIES
CLIMATE: how useful is ‘European Council on Climate Change’ proposed by European Parliament?
ENERGY: NGO ‘Environmental Defense Fund’ calls on European Parliament and Member States to set standards for methane emissions
COHESION: European Commission insists on consolidation of administrative capacity for new budget cycle
MIGRATION: asylum, a general ‘Dublin’ rule relaxed at margin for countries of first entry
AGRICULTURE: EU Council and European Parliament close to agreement on payment of recovery fund aid in 2021/2022
FISHERIES: Commission proposes to extend EU/Cook Islands Agreement for one year
ENVIRONMENT: deforestation, 56% of Europeans surveyed want end to biofuels in diesel before 2030
FOOD: Eric Andrieu accuses seven Member States opposed to Nutri-Score of giving in to industrial lobbies
EXTERNAL ACTION
UN: EU wants to become stronger and strategically autonomous, says Mr Michel
DEVELOPMENT: move towards extension of moratorium on debt of poorest countries
SWITZERLAND: on 27 September, Swiss to vote again on their relationship with EU and on freedom of movement
VENEZUELA: mission of two EU diplomats in Caracas is not clandestine, says the European External Action Service
INSTITUTIONAL
FUTURE OF EU: divisions persist in European Parliament over merits of transnational voters’ lists
SOCIAL AFFAIRS
SOCIAL: Coronavirus, Member States present a moderate ambition on reinforcement of national minimum income
NEWS BRIEFS
AGRICULTURE: FEFAC publishes ‘Feed Sustainability Charter 2030’
ECB: Dutchman Frank Elderson and Slovenian Boštjan Jazbec are candidates for Executive Board membership
BOSNIA AND HERZEGOVINA: EU welcomes adoption of strategy to combat war crimes
FUNDAMENTAL RIGHTS: MEPs oppose holding of 2023 European Games in a Polish region declaring itself to be a “LGBTI-free zone”
ENERGY: Polish government and mining unions agree on 2049 as the date for exit of coal
SPACE: London about to abandon its national navigation system
KAZAKHSTAN: EU and Kazakhstan are strongly committed to strengthening their relations
KYRGYZSTAN: EU is concerned about restrictions on freedom of peaceful assembly and information
MIGRATION: CPMR recalls role of islands and outermost regions
SOCIAL: Member States give formal agreement to activation of SURE instrument
CALENDAR
Main activities of European Institutions: from 28/09 to 04/10/2020
CALENDAR EXTRA
Other Events: until 4 October 2020