IEU EURO Telegram 12 July 2016


# ECOFIN COUNCIL

  • EU Council decides on excessive deficit in Spain and Portugal
  • Excessive deficit procedure: Council finds that Portugal and Spain have not taken effective action
  • EU Council conclusions on finalizing the post crisis Basel reforms
  • Corporate tax avoidance: New rules adopted by EU Council
  • Economic and Financial Affairs Council - Press conference by the Slovak Presidency and European Commission
  • Remarks by Vice-President Dombrovskis at the Ecofin Council press conference
  • EP Draft opinion - European Semester for economic policy coordination: implementation of 2016 priorities - PE 585.720v01-00 - Committee on Culture and Education
  • Statement Markus Ferber, MdEP: Portugal und Spanien/ Verstöße gegen Defizit-Grenze
  • Die Grünen: Sanktionen gegen Spanien und Portugal: Sachgerecht, aber einäugig
  • EU-Abgeordneter Fabio De Masi (DIE LINKE) zum Defizitverfahren: Der Trümmer-Euro
  • MEP Bernd Koelmel (ECR/ALFA) considers idea of eurozone budget absurd
  • France: "Il faut appliquer les règles intelligemment"

# ITALY

  • IMF: Transcripts of a Conference Call on the IMF’s 2016 Article IV consultation with Italy

# FRANCE

  • IMF Executive Board Concludes 2016 Article IV Consultation with France
  • IMF Country Report No. 16/227: France : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France
  • IMF Country Report No. 16/228: France : Selected Issues

# ESM

  • ESM raises €5 billion in two bond issues

# BREXIT

  • EuroParlTV: After Brexit: new push for monetary union  
  • Euro Area: Institutes Say Brexit Has Minor Negative Impact on Growth - ifo and CESifo
  • Bank of England questioned on Financial Stability Report
  • UK Corporate report: Payment Systems Regulator annual report 2015 to 2016
  • UK Corporate report: Financial Conduct Authority annual report 2015 to 2016

# FINANCIAL SERVICES

  • Keynote speech by Commissioner Jonathan Hill at Bruegel on the Call for Evidence: "The impact of the EU regulatory framework for financial services"

# BANKING UNION

  • REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the use and benefits of longer-term refinancing operations and similar funding support measures provided by ESCB central banks to credit institutions

# CAPITAL MARKETS UNION

  • EP Text adopted - Building a Capital markets union - P8_TA(2015)0268 - Thursday, 9 July 2015 - Strasbourg - Final edition

# ECB

  • SWP: Die Europäische Zentralbank als politischer Akteur in der Eurokrise - Mandat, Stellung und Handeln der EZB in einer unvollständigen Währungsunion
  • ECB: Euro area securities issues statistics
  • ECB Working paper no. 1934: The BEAR toolbox
  • ECB Working paper no. 1935: Assessing the costs and benefits of capital-based macroprudential policy
  • ECB Banking Supervision: Letter from Danièle Nouy, Chair of the Supervisory Board, to Mr Giegold, MEP, on the Supervisory Review and Evaluation Process
  • ECB Banking Supervision: Letter from Danièle Nouy, Chair of the Supervisory Board, to Mr Giegold, MEP, on the liquidity coverage ratio

# INDICATORS

  • EUROSTAT: House prices up by 3.0% in the euro area

# EU REGISTERS

# EU PARLIAMENT

  • Draft report - Establishing a Union Programme to support specific activities in the field of financial reporting and auditing for the period of 2014-20 - PE 585.761v01-00 - Committee on Economic and Monetary Affairs
  • Highlights - Public Hearing with Elke König, Chair of the Single Resolution Board - 13.07.16 - Committee on Economic and Monetary Affairs 
  • Answer - Simple, transparent and standardised (STS) securitisation proposal - P-004469/2016 

# EU COUNCIL

  • St 11175 2016 Init Finalizing the post crisis Basel reforms - Council conclusions (12 July 2016)
  • St 10793 2016 Init COUNCIL DECISION establishing that no effective action has been taken by Spain in response to the Council Recommendation of 21 June 2013
  • St 10796 2016 Init COUNCIL DECISION establishing that no effective action has been taken by Portugal in response to the Council Recommendation of 21 June 2013
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