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Europe Daily Bulletin No. 13389

12 April 2024
Contents Publication in full By article 4 / 44
ECONOMY - FINANCE - BUSINESS / Ecb
Majority of governors want to wait until June before considering a cut in key rates
Brussels, 11/04/2024 (Agence Europe)

At its monetary policy meeting in Frankfurt on Thursday 11 April, the Governing Council of the European Central Bank (ECB) decided to keep the ECB’s three key interest rates unchanged. The interest rate on the main refinancing operations therefore remains at 4.50%, the marginal lending facility rate at 4.75%, and the deposit facility rate at 4.00%, its highest level since the creation of the euro.

Macroeconomic data for the euro area

For the euro area, ECB President Christine Lagarde...

Contents

INSTITUTIONAL
FUTURE OF EU: “Sooner or later, the recapitalisation of the EIB will be on the table”, says Charles Michel
EP2024
Interview EP2024: “Having a ‘Spitzenkandidat’ is only way to underline our political identity and programme”, says Nicola Procaccini
ECONOMY - FINANCE - BUSINESS
ECONOMY: EIB defence activities, European Recovery Plan and macro-financial aid to Ukraine and Egypt on EU ministers’ agenda
ECB: majority of governors want to wait until June before considering a cut in key rates
EMU: hopes fading that European Parliament’s ‘digital euro’ and ‘legal tender for euro banknotes and coins’ reports will be adopted during this parliamentary term
COMPETITIVENESS: Strategic Perspectives think tank publishes recommendations for strengthening EU’s economic security
FINANCE: Finance Watch fears a “devastating financial crisis” without a “green” transition for insurance companies
EUROPEAN PARLIAMENT PLENARY
EUROPEAN COMMISSION : European Parliament rejects appointment of Markus Pieper as SME Envoy
EUROPEAN PARLIAMENT: European Parliament adopts its new Rules of Procedure
BUDGET: European Parliament approves discharge to be granted to Commission regarding implementation of EU 2022 budget
ENERGY: European Parliament backs provisional gas package agreements by large majority
ENERGY: European Parliament gives green light to reform of European electricity market
DIGITAL: MEPs adopt position on additional procedural rules for ‘GDPR’ negotiations with EU Council
DEMOCRACY: pro-European groups in European Parliament call for in-depth investigation into ‘Russia Gate’
FUNDAMENTAL RIGHTS: European Parliament calls on EU Council once again to enshrine right to safe and legal abortion in EU Charter of Fundamental Rights
RULE OF LAW: MEPs once again criticise European Commission for releasing more than €10 billion for Hungary
RULE OF LAW: MEPs reiterate their concerns about situation in Slovakia
TAXATION: European Parliament wants to limit risk of double non-taxation in Transfer Pricing directive
TAXATION: European Parliament calls for accelerated implementation of measures to facilitate internationalisation of small and medium-sized enterprises
TRANSPORT: European Parliament supports single method for calculating greenhouse gas emissions
AGRICULTURE : European Parliament agrees to an emergency vote at next plenary session on rules amending CAP
AGRICULTURE : European Parliament ratifies new rules on comprehensive honey labelling
FISHERIES: European Parliament approves new rules laid down by North-East Atlantic Fisheries Commission
TRANSPORT: European Parliament validates agreement with EU Council on CO2 emission standards for heavy commercial vehicles
ENVIRONMENT: European Parliament approves interinstitutional agreement on modernisation of Urban Wastewater Directive
TAXATION: European Parliament gives green light to administrative cooperation with Norway in field of value added tax
SECTORAL POLICIES
TELECOMMUNICATIONS: changes in digital environment and future of European telecommunications on agenda of informal meeting of EU27 Ministers
DIGITAL: European Commission publishes recommendation on post-quantum cryptography
ENERGY: eight countries bordering Baltic Sea commit to closer cooperation on securing offshore energy infrastructure
AGRICULTURE : a number of EU farming organisations are calling on European Parliament to correct its position on plant reproductive material
Russian invasion of Ukraine
UKRAINE: EU High Representative calls on Member States to provide air defence systems and ammunition
EDUCATION - YOUTH - CULTURE - SPORT
EDUCATION: ‘Global Gateway High-Level Event on Education’: European Union affirms its commitment to investing in access to quality education worldwide
SOCIAL AFFAIRS
SOCIAL: Belgian Presidency of EU Council still does not have agreement of EU27 on La Hulpe Declaration
COURT OF JUSTICE OF THE EU
CATALONIA: decision not to recognise status of separatist Catalan MEPs in 2019 must be annulled, says CJEU Advocate General
COUNCIL OF EUROPE
HUMAN RIGHTS: Council of Europe notes progress in implementing judgments of European Court of Human Rights, but also points to problems
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: European Disability Forum and Funka Foundation denounce inaccessibility of European political party websites
EXTERNAL ACTION
DEVELOPMENT: Social Democrats concerned about effectiveness of European Commission’s development programmes
NEWS BRIEFS
COMPETITIVENESS: Christian Lindner denounces “lost years” for competitiveness under ‘von der Leyen’ Commission
CULTURE: 2023 European Heritage Label, European Commission recognises seven sites
FUNDAMENTAL RIGHTS: European Commission registers citizens’ initiative calling for financial support for safe and legal access to abortion in EU
ENERGY: European Commission calls on energy communities to take part in ‘Citizen-led renovation’ initiative
DIGITAL: regulation for an interoperable Europe comes into force
RESEARCH: Ursula von der Leyen calls for better support and promotion of nuclear fusion research
RESEARCH: ERC unveils names of 255 researchers who will share an envelope of €652 million to carry out cutting-edge research