News - October 2011

October 2011: Business Climate Indicator down further in the euro area

27/10/2011

European Commission - Press release Brussels, 27 October 2011 - In October 2011, the Business Climate Indicator (BCI) for the euro area declined for the eighth month in a row. The steady fall observed since March points to a significant slowdown in industrial ...

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Olli Rehn Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro The Roadmap to a new Stability Culture in Europ...

27/10/2011

SPEECH/11/716 Sehr geehrte Abgeordnete, meine Damen und Herren, Es ist für mich eine große Ehre heute bei deutschen Freunden sein zu dürfen. Ich weiß, dass wir gemeinsame Ziele in Europa anstreben mit Deutschland....

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Olli Rehn appointed Commission Vice President, with additional instruments, Algirdas Šemeta responsible for Eurostat

27/10/2011

European Commission - Press release Brussels, 27 October 2011 - Today, European Commission President Jose Manuel Barroso, has decided to reinforce the role of the Commissioner competent for economic and monetary affairs by elevating the post to that of ...

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October 2011: Economic sentiment remains broadly unchanged in both the EU and the euro area

27/10/2011

European Commission - Press release Brussels, 27 October 2011 - In October, the Economic Sentiment Indicator (ESI) remained broadly unchanged in both the EU (-0.1 points) and the euro area (-0.2), at a level of 93....

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President Barroso appoints Olli Rehn Vice-President for economic and monetary affairs and the Euro

27/10/2011

Strasbourg 27/10/2011

"Today, I can announce to you that I intend to entrust Olli Rehn with a reinforced status and additional working instruments. He is to become Commission Vice-President for economic and monetary affairs and the Euro. This is the best way to guarantee the independence, objectivity and efficiency in the exercise of the Commission's responsibility of coordination, surveillance and enforcement in the area of economic governance of the Union and of the euro area in particular. I think it is also important and relevant not only from a substantive, but also from a symbolic point of view, and symbols are important, that having a Commissioner specially dedicated to the euro, we assert that we want the euro governance to take place inside the community method and with the community institutions." 

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October 2011: Flash Consumer Confidence Indicator

20/10/2011

European Commission - Press release Brussels, 20 October 2011 - In October 2011, the DG ECFIN flash estimate of the consumer confidence indicator declined in both the EU (down to -20.2 from -19.1 in September 2011) and the euro area (down to -19....

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Statement by the EC, ECB, and IMF on the Review Mission to Ireland

20/10/2011

MEMO/11/720 Brussels, 20 October 2011 Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during October 11–20 for the regular quarterly review of the government’s economic programme. ...

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Olli Rehn European Commissioner for Economic and Monetary Affairs Achieving a successful and fair adjustment in Portugal Video message for Antena 1 Conference Lisbon, 18 October 2011

18/10/2011

SPEECH/11/675 Ladies and Gentlemen, It is a pleasure to address this conference, with the important and timely focus on the role of the states in a competitive economy. I believe it is a very relevant topic for Portugal, where the presence of the state ...

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Olli Rehn European Commissioner for Economic and Monetary Affairs Achieving a successful and fair adjustment in Portugal Video message for Antena 1 Conference Lisbon, 18 October 2011

18/10/2011

SPEECH/11/675 Ladies and Gentlemen, It is a pleasure to address this conference, with the important and timely focus on the role of the states in a competitive economy. I believe it is a very relevant topic for Portugal, where the presence of the state ...

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European Commission and EIB welcome adoption of new mandate for lending outside the EU

13/10/2011

European Commission - Press release Brussels, 13 October 2011 - The European Commission and the European Investment Bank welcome the final adoption today of new legislation on EIB lending outside the EU on the basis of an EU budgetary guarantee....

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Commission's Task Force for Greece progresses rapidly with technical assistance actions

13/10/2011

European Commission - Press release Brussels, 13 October 2011 - The Task Force for Greece organised its first high level coordination meeting on Wednesday 12 October with the Greek authorities, Member States and international organisations offering technical ...

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Statement by the European Commission, the ECB and IMF on the Fifth Review Mission to Greece

11/10/2011

MEMO/11/684 Brussels, 11 October 2011 Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) have concluded their fifth review mission to Greece to discuss recent economic developments....

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2011 Report 'Tax reforms in EU Member States': EU Member States face challenges in tax policies

10/10/2011

European Commission - Press release Brussels, 10 October 2011 - The consequences of the financial and economic crisis are deeply reflected in Member States' government revenues. Having implemented a wide range of tax stimulus measures from 2008 to 2010, ...

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Commissioner Rehn comments on the new rules for EU economic governance

05/10/2011

MEMO/11/664 Brussels, 5 October 2011 The ECOFIN Council today reached a political agreement on the legislative package to reinforce EU's economic governance. This agreement follows last week's approval by the European Parliament....

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