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Europe Daily Bulletin No. 12619

10 December 2020
Contents Publication in full By article 9 / 37
ECONOMY / Finance
European Parliament/EU Council agreement on changes to MiFID II Directive to facilitate economic recovery
Brussels, 09/12/2020 (Agence Europe)

Negotiators from the European Parliament and the German Presidency of the EU Council reached a political agreement on Wednesday 9 December on adjustments to the Markets in Financial Instruments Directive (MiFID II) regarding disclosure requirements, product governance, and position limits, proposed by the Commission in July to support the post-Covid-19 economic recovery (see EUROPE B12535A11).

After a first ‘trilogue’ on 3 December, only one more negotiating meeting was needed to seal...

Contents

EUROPEAN COUNCIL
BUDGET: EU leaders to finalise concessions to Poland and Hungary on Thursday on ‘rule of law’ conditionality to unblock MFF and Recovery Plan 
UNITED KINGDOM: not officially on agenda, post-Brexit relationship between EU and UK will nevertheless haunt corridors of European Summit
FOREIGN AFFAIRS: Turkey, United States, Russia and Mediterranean Neighbourhood on European Council’s agenda
CLIMATE: climate target 2030, agreement among EU leaders remains uncertain 
HEALTH: heads of State to take stock of health crisis at summit on 10 December
EMU: euro area summit to take stock of progress towards completing banking union
INSTITUTIONAL
BUDGET: interinstitutional Agreement on EU anti-fraud programme 2021-2027
ECONOMY
TAXATION: MEPs seek formalisation and transparency for EU ‘black’ list of tax havens
FINANCE: European Parliament/EU Council agreement on changes to MiFID II Directive to facilitate economic recovery
ECONOMY: European Court of Auditors identifies risks related to implementation of Recovery and Resilience Facility
ECONOMY: first instalment of €600 million in assistance to Ukraine
SECTORAL POLICIES
TRANSPORT: European Commission’s Sustainable and Smart Mobility Strategy receives mixed reception
TRANSPORT: eight European ministers support revival of “socially responsible” aviation sector
HOME AFFAIRS : Commission delivers an action plan against terrorism focusing on prevention and implementation of decisions already taken
MIGRATION: agreement between EU Council and European Parliament on Asylum, Migration and Integration Fund for 2021–2027 period
CLIMATE: Commission launches ‘European Climate Pact’ to help citizens and organisations to mobilise
CLIMATE: global greenhouse gas emissions continue to rise, warns UNEP
ENVIRONMENT: sixteen NGOs request that Recovery and Resilience Facility should not fund waste-generating activities
ENERGY: German EU Council Presidency proposes final draft conclusions on hydrogen to Member States
AGRICULTURE: Member States still far from European Parliament’s position on green architecture of future CAP
FISHERIES: European Commission welcomes positive impact of Regulation on eliminating illegal fishing
COHESION: co-legislators agree to finance gas investments through Cohesion Fund Regulation and ERDF
INDUSTRY: single Market Programme, EU co-legislators agree to create new budget line for market surveillance
SPACE: Thierry Breton calls for new flagship programme devoted to connectivity
DIGITAL: European Commission’s final push on Internet Regulation
EXTERNAL ACTION
AFRICA: videoconference meeting of EU and AU leaders postponed sine die on recommendation of AU chairperson
AFRICA: new €20 million programme will support women's entrepreneurship in Africa
UKRAINE: EU urges Kiev to continue with efforts to strengthen Rule of law
AFGHANISTAN: NATO reiterates its call for immediate end to violence
VENEZUELA: Juan Guaidó, with EU’s help, intends to defend “institutional continuity” in his country
TRADE: European Commission determined to strengthen its trade policy regardless of US position
COURT OF JUSTICE OF THE EU
COMPETITION: EU Court of Justice annuls Commission ruling that made commitments by Paramount Pictures legally binding
NEWS BRIEFS
AFRICA: EU launches €25 million pilot project to support young African researchers 
COHESION: interinstitutional Agreement on Just Transition Fund
ENVIRONMENT: bee-killing neonicotinoids, EFSA examines justification for emergency authorisations granted by 10 countries
FINANCE: EU Council gives green light to agreement with European Parliament on replacement of critical benchmarks in cessation
EUROPEAN PARLIAMENT: Greens/EFA Group welcomes four members resigning from 5-star movement