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Europe Daily Bulletin No. 9855

6 March 2009
Contents Publication in full By article 8 / 31
GENERAL NEWS / (eu) eu/ecb
New and perhaps not last cut in rates

Brussels, 05/03/2009 (Agence Europe) - With not too many worries about price stability, the European Central Bank (ECB has decided to make its monetary policy a bit more flexible. During its meeting on Thursday 5 March, in which Eurogroup president, Jean-Claude Juncker and the Commissioner for economic and monetary affairs, Joaquin Almunia, participated, the Council of governors opted for a cut in Euro-zone interest rates of 50 basis points. As from 11 March, interest rates applied to major...

Contents

A LOOK BEHIND THE NEWS
A Look Behind The News, by Ferdinando Riccardi: Development of various points in the economic and financial crisis, following informal Summit and European Commission initiatives
THE DAY IN POLITICS
(EU) EU/GEORGIA: EU will not abandon Tbilissi but this will not prevent good relations with Russia, says Benita Ferrero-Waldner
(EU) EU/SUDAN: EU takes note of arrest warrant issued by International Criminal Court against President Al-Bashir and reiterates full support for court
(EU) EU/TURKEY:
GENERAL NEWS
(EU) EU/COMPETITIVENESS COUNCIL: Support from ministers for Commission's action framework for car industry, but call to simplify EIB funding procedures
(EU) EU/FINANCIAL SERVICES: Progress in Council negotiations on European regulation of credit rating agencies
(EU) EU/TAXATION: Czech Presidency presents reduced list of labour intensive services to benefit from reduced VAT levels
(EU) EU/ECB: New and perhaps not last cut in rates
(EU) EU/ECONOMY: Euro area and EU27 GDP down by 1.5%
(EU) EU/BUDGET: Move towards spreading financing of €5bn beyond 2010 for recovery plan
(EU) EU/BUDGET: Ecofin 2010 to request “justified resources” due to crisis affecting national budgets
(EU) EU/ECOFIN: Council to urge continuation in reduction of administrative burdens
(EU) EU/COMPETITION:
(EU) EU/COMPETITION:
(EU) EU/HUMANITARIAN AID: Commission plans to make €247 million in emergency humanitarian aid available in 2009 for 12 African countries
(EU) EU/DEVELOPMENT: Zambia is first African country to sign MDG contract for direct budgetary support of €225 million over six years
(EU) EU/FOOD SAFETY: Androulla Vassiliou in Côte d'Ivoire to promote health and food safety measures
(EU) EU/CONSUMERS: Online shopping increasingly popular but development is held back by barriers to cross-border trade
(EU) EU/SOCIAL: 2009 Joint Report on Social Protection and Social Inclusion focuses on role of social policies in current economic recession
(EU) EP/ELECTIONS:
(EU) EU/COURT OF JUSTICE: Court clarifies conditions under which workers may be dismissed at retirement age
(EU) EU/COURT OF JUSTICE: Television operators may be required to allocate part of their receipts to funding European films
(EU) EU/COURT OF JUSTICE: France is found guilty of failing to ban gillnets
(EU) EU/COMMITTEE OF THE REGIONS: Cities and regions of Europe face crisis
(EU) EU/ADMINISTRATION: Portzamparc architecture workshop tasked with making European district of Brussels more human
(EU) EP/PLENARY SESSION: Preparation for European Council will dominate 9-12 March session in Strasbourg
(EU) EU/HEALTH POLICY: new rules on personal consignments of animal products coming into EU
(EU) EU/TELECOMMUNICATIONS: Commission welcomes Romanian regulator's commitment to reduce mobile termination rates
(EU) EU/GOVERNANCE: 59% of Europeans want local and regional authorities to have bigger role in EU decision-making process
(EU) EU/LEGISLATION: Main acts published in Official Journal
€ VALUE IN DIFFERENT CURRENCIES ON 05/03/2009: