Meeting on 9 October, euro area finance ministers discussed the possible future roles and tasks of the European Stability Mechanism (ESM) in the context of the broader ongoing debate on the future of the Economic and Monetary Union.
A business-friendly environment encourages investment, entrepreneurship and innovation, as well as stronger economic growth and resilience.
The Commission has proposed reforms to pave the way for further financial integration and a full Capital Markets Union, to promote jobs, growth and investments in Europe and to strengthen the Economic and Monetary Union.
The 72nd UN General Assembly officially opened on Tuesday in New York, with the participation of the high-level EU Delegation, including First Vice-President Frans Timmermans and High Representative/Vice-President Federica Mogherini alongside the President of the European Council Donald Tusk.
The Investment Plan for Europe - the so-called Juncker Plan - is now expected to trigger EUR 236.1 billion in investments. Following this month's meeting of the European Investment Bank's (EIB) Board of Directors, operations approved under the European Fund for Strategic Investments (EFSI) now represent a total financing volume of EUR 46.5 billion and are located in all 28 Member States.
On September 18, the Center on the United States and Europe at the Brookings Institute hosted Pierre Moscovici, commissioner for Economic and Financial Affairs, Taxation and Customs of the European Commission. Commissioner Moscovici presented his ideas for a more democratic and less divergent euro area, and asserted that there is a coming window of opportunity of not more than a year to agree on these reforms. Moscovici was also hosted by the European Institute of Columbia University on 21 September.
Jordan will receive further Macro-Financial Assistance (MFA) from the European Union.
During an informal meeting in Tallinn, Estonia from 15-16 September, EU finance ministers discussed updating international tax rules for companies so that these rules could also be applied to taxing enterprises that use digital technology.
“Resilience is important, because it is linked to convergence – they are the two faces of the same coin.”
Meeting on 15 September, Euro area finance ministers exchanged views on how to increase economic resilience in the Economic and Monetary Union (EMU).
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum
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Among the wide range of data and indicators Eurostat produces regularly, employment rates (national accounts) are published quarterly for individual EU Member States, the euro area and the EU. Employment in the second quarter of 2017 is at its highest level ever recorded in both the euro area and the EU.
Agenda
Seasonally adjusted GDP rose by 0.6% in the euro area and by 0.7% in the EU during the second quarter of 2017, compared with the previous quarter, according to an estimate published by Eurostat, the EU statistical office.
On 1 September, the Association Agreement between the EU and Ukraine entered fully into force.
The Economic Sentiment Indicator (ESI) for the euro area rose again in August, increasing slightly by 0.6 points to 111.9, its highest level in more than 10 years.
The global financial crisis began 10 years ago and led to the EU’s worst recession in its six-decade history.
