“Many Europeans who worked hard all their life end up with too low pension benefits to ensure a decent quality of life. If nothing is done, we all know that this situation is likely to deteriorate, particularly as a result of demographic changes. [...] Pension schemes [...] all over Europe, will have to adapt in order to meet these challenges”. Speech by Commissioner Barnier at the European Commission conference on pensions.
European Parliament and Council back Commission’s proposal for a Single Resolution Mechanism: a major step towards completing the banking union
“Today’s compromise allows us to complete the architecture of the banking union for the eurozone. (...) Together with the reforms to the financial sector for all 28 countries, the completed banking union will put an end to the era of massive bailouts. It will further contribute to the return to financial stability thus creating the right conditions for the financial sector to once again lend to the real economy which is essential to consolidate the economic recovery and to create jobs”. Statement by President Barroso and Commissioner Barnier.
European Parliament and Council back Commission proposal on right of citizens to a basic bank account
“In today’s world, not having access to a basic bank account makes it difficult and more expensive to participate in everyday life – paying the electricity bill or receiving a salary for example. Today’s agreement brings us a step closer to finally giving all European citizens access to a basic bank account, enabling them to participate fully in society and take advantage of the benefits of the Single Market”. Statement by Commissioners Barnier and Mimica.
Structured dialogue at the Economic and Monetary Affairs Committee of the European Parliament: introductory remarks by Commissioner Barnier.
European Parliament backs Commission proposal for the EU co-financing of the IFRS Foundation, the EFRAG and the PIOB
The European Parliament backed the European Commission’s proposal of co-financing the International Financial Reporting Standards (IFRS) Foundation, the European Financial Reporting Advisory Group (EFRAG), and the Public Interest Oversight Board (PIOB), three organisations that play a key role in the elaboration of accounting and auditing standards.
“Today, we made progress on a number of elements (...) However, on the issue of ‘who pushes the button’, the Council decided not to change the balance of roles between the Council and Commission”. Statement by Commissioner Barnier following the Economic and Financial Affairs Council of 11.03.2014.
The European Parliament adopted in plenary today the “Omnibus II” Directive that completes the “Solvency II” Directive and finalises the new framework for insurance regulation and supervision in the EU. "This long-awaited and vital reform is on the brink of becoming reality" said Commissioner Barnier.
E-invoicing in public procurement: European Parliament backs Commission proposal to eliminate barriers to cross-border public procurement
The European Parliament has today backed with a substantial majority the European Commission’s proposal to modernise Europe’s rules on e-invoicing in public procurement. The new rules will contribute to eliminating barriers to cross-border public procurement by ensuring interoperability between national e-invoicing systems which, ultimately, will result in a better functioning Single Market.
Introductory remarks by Commissioner Barnier at the ECOFIN Council of 11 March.
Statement by Commissioner Barnier following meeting between ministers of finance and European Parliament representatives on the Single Resolution Mechanism
Banking union depends on having its second pillar, the single resolution mechanism, in place. We absolutely must find an agreement before the end of this Parliament term.
Unified Patent Court: first agreement on the creation of a regional division for Sweden, Lithuania, Latvia and Estonia
“I welcome today’s agreement by Sweden, Lithuania, Latvia and Estonia on the creation of a regional division of the Unified Patent Court (UPC). I am very pleased to see those countries taking the lead on this important aspect of the future UPC”. Statement by Commissioner Barnier.
Towards a genuine single market for defence to underpin our industrial competitiveness and strategic independence
“If we want to play an active role in the world in future, and to have real strategic autonomy, we have to move forward together on defence”. Speech by Commissioner Barnier.
"Europe is at a turning point. Both politically and economically. […] For the first time in years, we do not have the backs against wall. So now is the right time to move from a reactive to proactive approach". Speech by Michel Barnier.