News - July 2010

July 2010: Business Climate Indicator for the euro area picks up

29/07/2010

IP/10/1013 Brussels, 29 July 2010 Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date In ...

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July 2010: Economic Sentiment Indicator edges up

29/07/2010

IP/10/1014 Brussels, 29 July 2010 Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date....

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European Commission and IMF meet with the banking community active in Hungary

22/07/2010

IP/10/998 Brussels, 22 July 2010 In a regular meeting of the European Bank Coordination Initiative held on 22July 2010, the European Commission and the IMF informed the banking community active in Hungary about their latest review mission in Hungary....

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European Commission and IMF welcome the reaffirmed support of parent banks to their Romanian affiliates

22/07/2010

IP/10/999 Brussels, 22 July 2010 In a meeting of the European Bank Coordination Initiative held on 22 July 2010 in Brussels, the parent banks of the nine largest foreign-owned banks operating in Romania reaffirmed the support to their Romanian affiliates. ...

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July 2010: Flash Consumer Confidence Indicator

22/07/2010

IP/10/996 Brussels, 22 July 2010 In July 2010, the European Commission's Economic and Monetary Affairs Department - DG ECFIN - flash estimate of the consumer confidence indicator signals a significant improvement for the euro area aggregate (up to -14.1 ...

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EU Balance of Payments assistance to Latvia: signing of Supplemental Memorandum of Understanding (SMoU) paves way for further EU fund disbursement

20/07/2010

IP/10/991 Brussels, 20 July 2010 Today Economic and Monetary Affairs Commissioner Olli Rehn signed a new Supplemental Memorandum of Understanding (SMoU) between the EU and Latvia on continuing the EU programme of financial assistance to Latvia....

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Commission postpones conclusion of fifth review on the EU's balance of payments assistance to Hungary

17/07/2010

IP/10/964 Brussels, 17 July 2010 European Commission officials, in close cooperation with International Monetary Fund staff, conducted their fifth review mission under the EU balance of payments assistance to Hungary from 6th to 17th July....

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Commission adopts a proposal for an EU Regulation to facilitate professional cross-border transportation of euro cash by road

16/07/2010

IP/10/949 Brussels, 15 July 2010 The Commission has adopted today a proposal for an EU Regulation to lift regulatory obstacles to professional cross-border transportation of euro cash by road between euro-area Member States....

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Q&A on the proposal for an EU Regulation to facilitate professional cross-border transportation of euro cash by road between euro-area Member States

16/07/2010

MEMO/10/333 Brussels, 15 July 2010 (see IP/10/949 ) 1. What is the problem? Professional cash transportation is generally carried out by dedicated cash-in-transit (CIT) companies, but the national regulations governing this sector are very different from ...

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Estonia joins the euro-family

13/07/2010

MEMO/10/327 Brussels, 13 July 2010 Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency....

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Preparation of Eurogroup and Economic and Finance Ministers Council, Brussels 12 and 13 July 2010

12/07/2010

MEMO/10/321 Brussels, 12 July 2010 EUROGROUP (Amelia Torres /Amadeu Altafaj) Eurogroup ministers will meet at 17.00 hrs on Monday 12 July in Brussels. Olli Rehn, Commissioner responsible for Economic and Monetary Affairs, will attend, as well as European ...

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Headline

08/07/2010

"The key word is confidence. In order to strengthen the economic recovery and pave the way for sustainable growth, we need to restore and reinforce confidence into the European economy by delivering on all fronts: safeguard financial stability in Europe, pursue growth-friendly fiscal consolidation, conclude financial repair and reform, advance structural reforms, and reinforce economic governance."

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EU launches public debate on the future of pensions

07/07/2010

IP/10/905 Brussels, 7 July 2010 The European Commission has today launched a Europe-wide public debate on how to ensure adequate, sustainable and safe pensions and how the EU can best support the national efforts....

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Bulgaria: Next steps under the EDP procedure

06/07/2010

IP/10/896 Brussels, 6 July 2010 Based on the data notified by the Bulgarian authorities in April 2010 and subsequently validated by Eurostat, namely a general government deficit of 3.9% of GDP in 2009, the Commission decided to initiate an excessive deficit ...

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Commission concludes UK took effective action in excessive deficit procedure

06/07/2010

IP/10/903 Brussels, 6 July 2010 The European Commission today assessed the action taken by the United Kingdom in response to the Council recommendations of 2 December 2009 relating to the correction of the excessive government deficit....

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Olli Rehn European Commissioner for Economic and Monetary Policy Reinforcing economic confidence in Europe ECON Committee – European Parliament Strasbourg, 5 July 2010

05/07/2010

SPEECH/10/359 Olli Rehn European Commissioner for Economic and Monetary Policy Reinforcing economic confidence in Europe ECON Committee – European Parliament Strasbourg, 5 July 2010 Chairperson, Honourable Members, It is my pleasure to be with you this ...

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Olli Rehn European Commissioner for Economic and Monetary Policy Reinforcing economic confidence in Europe ECON Committee – European Parliament Strasbourg, 5 July 2010

05/07/2010

SPEECH/10/359 Chairperson, Honourable Members, It is my pleasure to be with you this evening to discuss the state of the European economy, and to present our initiatives to advance consolidation and growth and to reinforce economic governance....

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