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Image header Agence Europe
Europe Daily Bulletin No. 13683
Contents Publication in full By article 16 / 34
ECONOMY - FINANCE - BUSINESS / Banks/finance

Berlin and Paris urge European Commission to extend scope of regulatory simplification in financial sector

The German Finance Minister, Lars Klingbeil, and the French Finance Minister, Éric Lombard, have urged the European Commission to continue its drive for regulatory simplification by identifying “other potential areas for simplification beyond reporting, particularly in the regulation of financial markets”, in a joint statement published on Thursday 17 July, the day after a bilateral meeting in Ludwigsfelde.

With regard to the banking sector, the Franco-German tandem welcomes the...

Contents

MULTIANNUAL FINANCIAL FRAMEWORK 2028-2034
FOREIGN AFFAIRS: ‘Global Europe’ Fund, cornerstone of EU’s external action proposed for 2028-2034 period
CLIMATE/ENVIRONMENT: European Commission defends its position on budgetary support for climate action and green transition in post-2027 MFF
ENERGY/TRANSPORT: Connecting Europe Facility to be strengthened after 2027 to tune of €81.43 billion
MIGRATION: European Commission proposing €74 billion over 2028-2034 period to manage borders, migration and fight against crime
EYCS: MFF 2028-2034 - proposal for Erasmus+ to increase by 55%, and AgoraEU to bring together €8.6 billion for culture, media and democracy
BUDGET: ‘frugal’ EU countries opposed to amount of post–2027 MFF and adoption of own resources proposed by European Commission
SECTORAL POLICIES
RESEARCH: European Commission proposes to double budget for ‘Horizon Europe’, to satisfaction of European ministers
COMPETITIVENESS: EU industry and internal market ministers in Copenhagen to discuss innovation
ENERGY: REPowerEU - co-rapporteur Ville Niinistö wants to bring forward deadline for phasing out Russian gas by one year
HOME AFFAIRS: European Commission sets price of future travel authorisation for visitors to EU without a visa at €20
DIGITAL: AI Code of Practice - MEPs Benifei and McNamara welcome “first level of protection” but fear for its implementation
CONSUMERS: European Commission opens consultations on its future ‘Digital Fairness Act’
AGRICULTURE: proposals for 2028-2034 CAP provoke a general outcry among European farmers
REGIONS: Kata Tüttő criticises European Commission for launching budgetary ‘Hunger Games’
ECONOMY - FINANCE - BUSINESS
TAXATION: European Commission proposes to substantially increase excise duties on traditional tobacco products and to include new ones
BANKS/FINANCE: Berlin and Paris urge European Commission to extend scope of regulatory simplification in financial sector
EXTERNAL ACTION
ENLARGEMENT: “EU enlargement cannot happen behind closed doors”, according to EESC, campaigning for civil society to be more closely involved in process
INSTITUTIONAL
GENERAL AFFAIRS: post-2027 multiannual financial framework and Spanish regional languages on EU countries’ agenda
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
WOMEN’S RIGHTS: MEPs call on European Commission to put declaration on gender equality into practice
FUNDAMENTAL RIGHTS: 26 MEPs call for “immediate” resignation of European coordinator on combating antisemitism
BREACHES OF EU LAW
INTERNAL MARKET: European Commission refers France to CJEU over ‘Triman’ and ‘info-tri’ logos
INTERNAL MARKET: European Commission takes Czech Republic to court for failing to comply with directive on proportionality tests
TRANSPORT: European Commission brings Malta before EU Court of Justice for incorrectly applying EU law on port workers
TRANSPORT: referral to Court of Justice against Netherlands for incorrect application of regulation on public passenger transport by rail and by road
JUSTICE: Slovakia brought before EU Court of Justice for incorrectly transposing ‘access to a lawyer’ directive
ENERGY: Energy Charter - Hungary referred to Court of Justice for opposing EU position on investor/Member State disputes
NEWS BRIEFS
ECONOMY: euro area inflation confirmed at 2.0% in June
ISRAEL: Slovenia to ban ministers Itamar Ben Gvir and Bezalel Smotrich from entering country
YOUTH: according to Eurostat, daily internet use in 2024 at 97% for 16 to 29-year-olds in European Union
MEDITERRANEAN: UfM launches its Regional Network of Women Business Associations
MIDDLE EAST: former EU High Representative regrets EU Council’s failure to reach decision on Israel
CSDP: André van der Kamp, new head of military command and support cell for EU’s Gulf of Guinea initiative
RESEARCH: South Korea is now associated with Horizon Europe programme
RUSSIA: EU welcomes ECHR ruling on Russian responsibility for downing of flight MH17