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Image header Agence Europe
Europe Daily Bulletin No. 13680
Contents Publication in full By article 21 / 34
ECONOMY - FINANCE - BUSINESS / Banks

European Commission has doubts about compatibility with EU law of conditions imposed by Rome on UniCredit’s takeover of Banco BPM

On Monday 14 July, the European Commission sent a letter to the Italian authorities asking them to clarify certain conditions of the €10 billion takeover of Banco BPM by its competitor UniCredit, imposed by a decree adopted in mid-April.

In this letter setting out its “preliminary view”, the Commission has “doubts” about the compatibility of the Italian decree with “Article 21 of the Merger Regulation” in the European Union, said Thomas Régnier, a spokesman for the EU...

Contents

MULTIANNUAL FINANCIAL FRAMEWORK 2028-2034
BUDGET: a draft of European Commission’s national and regional plans reveals a post-2027 MFF focused on performance and achievement of reforms
BUDGET: uncollected electronic waste, excise duties on tobacco, companies - own resources envisaged by European Commission
AGRICULTURE: European Commission proposes integrating CAP into single national fund for 2028-2034
AGRICULTURE: European Commission to propose provisions on management of stocks of agricultural products
EXTERNAL ACTION
UNITED STATES: more and more Member States believe that EU should utilise power balance with US administration
UNITED STATES: faced with new US trade threats, MEPs call on Commission to speak same language as Donald Trump
INDONESIA: EU announces “political agreement” with Jakarta on future Comprehensive Economic Partnership Agreement
FOREIGN AFFAIRS: sanctions against Russia, relations with Israel and situation in Georgia on agenda for EU Council meeting on 15 July
MOLDOVA: Mihai Popșoi warns that elections on 28 September will be huge test
ARMENIA: European and Armenian leaders hail closer relations
GEORGIA: EU High Representative and 17 European countries call on authorities to immediately release Georgian opposition leaders
CHINA: China and European Union must show “joint leadership” on climate change, says Teresa Ribera
Russian invasion of Ukraine
TRADE: some EU frontline member states not convinced by agreement on future agricultural quotas for Ukraine
SOCIAL: European Commission and Kyiv sign agreement to include Ukraine in ‘Employment and Social Innovation’ strand of European Social Fund Plus
SECTORAL POLICIES
DIGITAL: five EU countries volunteer to test app to check age of online users as proposed by European Commission
DIGITAL: European Commission wants to push online platforms to adapt their interface to protect minors
ENERGY: Danish Presidency of EU Council remains cautious about 1 January 2026 deadline for banning new Russian gas contracts
AGRICULTURE: European ministers call for increase in production of plant proteins in EU
AGRICULTURE: in September, EU Member States could authorise use of nitrogen recovered from manure
CLIMATE: CAN Europe calls on EU to step up dialogue on international stage ahead of COP30
ECONOMY - FINANCE - BUSINESS
BANKS: European Commission has doubts about compatibility with EU law of conditions imposed by Rome on UniCredit’s takeover of Banco BPM
TAXATION: MEPs should call for streamlined tax procedures to boost EU competitiveness
TAXATION: MEPs fail to agree on ‘BEFIT’ initiative defining a framework for taxation of corporate income
ACCOUNTING STANDARDS: EFRAG is seen and recognised as a highly professional organisation throughout world, says Wolf Klinz
ECB: Valdis Dombrovskis and Piero Cipollone try to reassure some MEPs about merits of digital euro project
FINANCE: EU savings and investment plan risks failure without insurers, warns Insurance Europe
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: European Union Agency for Fundamental Rights summarises findings of racism in Europe to support future strategy “with solid evidence”
NEWS BRIEFS
STATE AID: European Commission consults on amendment to General Block Exemption Regulation (GBER)
DEMOCRACY: European Commission consults on how to implement ‘transparency and targeting of political advertising’ regulation
FINANCE: Maria Albuquerque in London for Financial and Professional Services dinner
INDONESIA: European Commission proposes multiple-entry visa system for Indonesian nationals
HOUSING: European Commission consults on future EU affordable housing plan
DIGITAL: EU includes Moldova in its cybersecurity reserve to deepen digital cooperation
SOCIAL: heat exposure and health effects - European trade unions want reliable statistics at EU level