On 19 October, ECFIN and the European Investment Bank Group hosted a special seminar for journalists on "The Investment Plan for Europe: Moving Towards EFSI 2.0".
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At a high-level policy conference held on 19 October, top experts addressed the topic of “Reinventing Convergence: Towards Resilient Economic Structures”.
At a meeting of the European Council on 19 October, EU leaders stressed that they are "ready to do what it takes for Europe to go digital", building on the conclusions of the Tallinn Digital Summit of 29 September.
Public consultation on the development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrowers’ default. Deadline: 20 October
Public consultation on the development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrowers’ default. Deadline 20 October
Targeted consultation on the draft Guidance on Public Procurement of Innovation. Deadline 2 January 2018
Public consultation on the draft addendum to the ECB Guidance to banks on non-performing loans. Deadline 8 December
Public consultation on post-trade in a Capital Market Union: dismantling barriers and strategy for the future. Deadline 15 November
Public consultation on the prevention and amicable resolution of disputes between investors and public authorities within the single market. Deadline 3 November
Public consultation on transparency and fees in cross-border transactions in the EU. Deadline 30 October
Public consultation on the development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrowers’ default. Deadline 20 October
The Investment Plan for Europe
On 4 October, the European Central Bank (ECB) launched a public consultation on a draft addendum to the ECB guidance on non-performing loans (NPLs).
The Commission has launched plans for the biggest reform of EU VAT rules in a quarter of a century.
The European Investment Fund (EIF) and Garantiqa Creditguarantee (Garantiqa) signed a COSME agreement on 6 October in Hungary that will allow Garantiqa to provide guarantees totaling HUF 80 billion (ca. EUR 260 million) on loans to 3,500 Hungarian SMEs.
On 9 October, the Commission, on behalf of the EU, approved the disbursement of a EUR 200 million loan to Tunisia.
On 29 September, the Commission proposed new Macro-Financial Assistance (MFA) to Georgia, worth up to EUR 45 million.
The Commission issued a favourable opinion on 3 October regarding the European Central Bank's (ECB) recommendation of 23 June 2017, in which the ECB asked for a greater role in regulating clearing systems for financial instruments, for example with regard to central counterparties (CCPs).
European Commission staff, in liaison with staff from the European Central Bank, visited Cyprus from 25 to 29 September to conduct the third post-programme surveillance mission and undertake specific monitoring of macroeconomic imbalances under the Macroeconomic Imbalances Procedure.
“…maintaining the reform momentum is fundamental for creating more growth and jobs in Europe.”