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EURACTIV ECONOMY and JOBS WEEKLY | Moscovici: Spring 2019 is 'too early to retire'

 

ECONOMY AND JOBS WEEKLY

Wednesday, 21 February 2018

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ECONOMY AND JOBS WEEKLY

Check out our latest coverage in our ECONOMY AND JOBS WEEKLY policy hub or follow our latest updates on @eaEconomy
By Jorge Valero (@europressos)

Moscovici: Spring 2019 is ‘too early to retire’[Economy & Jobs / Video] European Commissioner Pierre Moscovici joins EURACTIV's Economy Editor Jorge Valero for a live debate on deepening the European Economic and Monetary Union in the EURACTIV Network offices in Brussels.

Greece’s private sector steps in to ‘upgrade and save’ public coal plant[Energy & Environment / News] Private companies have made offers to Greece’s public power company to environmentally upgrade and economically “save” a lignite power plant about to shut, as it falls foul of the EU’s CO2 emission standards.

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Eleven member states back EU controls on selling spyware[Cybersecurity / News] EXCLUSIVE / Eleven EU countries have signalled their support for draft rules that would place export restrictions on companies selling surveillance technologies, a leaked working paper shows.

‘It’s an absolute shambles’ – UK manufacturers demand clarity on Brexit[Politics / News] With little more than a year to go before Britain leaves the European Union, many British manufacturers are stepping up their calls for Prime Minister Theresa May and her government to explain what Brexit will mean for them.

Latvian defence ministry says corruption claims may be disinformation campaign[World / News] Corruption allegations that led to the suspension of Latvia's central bank governor yesterday (20 February) may be part of a disinformation campaign aimed at damaging trust in the country and influencing October elections, its Defence Ministry said.

Italy fumes against company relocations in bitter election campaign[Politics / News] European Union rules are helping less wealthy nations swipe jobs from their bigger partners, Italy's industry ministry said yesterday (20 February), as plans by a multinational to shift production to Slovakia took centre stage in the national election campaign.

Moscovici asks tech industry to be ‘part of the solution’ before digital tax proposal[Economy & Jobs / News] Pierre Moscovici, the EU Commissioner in charge of economic affairs, taxation and customs, warned a tech industry conference yesterday that he is determined to introduce new legislation to tax digital companies next month.

De Guindos champions pragmatism at the ECB’s helm[Economy & Jobs / News] Designated ECB vice-president, Spain’s minister of Economy Luis de Guindos, said on Tuesday (20 February) that the existing expansionary monetary stance should be for “extraordinary times”, as he described the European recovery as solid.

Time to implement a forward-looking EU industrial strategy [Promoted content][Economy & Jobs / Video] As the second annual EU Industry Day approaches on 22 and 23 February, industry representatives are calling for action on an ambitious, forward-looking EU industrial strategy.

Transnational company agreements – another form of social dialogue in Europe[Economy & Jobs / News] Transnational company agreements, made within European multinationals have helped to Europeanise industrial relations. Although the European Commission views such agreements as an innovative tool for cooperation, it has yet to define a legal framework for them. EURACTIV.fr reports.

Covenant of Mayors: A key instrument for the future EU budget[Energy & Environment / Opinion] In order for the Covenant of Mayors to continue its success and further embed itself in EU policies, it has to become a key instrument for the future EU budget, write the local and regional leaders of the group's board.   

More banker than politician? De Guindos faces ECB litmus test[Economy & Jobs / News] Widely credited with steering Spain through its worst recession in decades, its outgoing Economy Minister Luis de Guindos will hope to bring pragmatism and tenacity to the European Central Bank when he takes over as vice president in June.

Eurogroup picks ‘pragmatic’ De Guindos for ECB vice-presidency[Economy & Jobs / News] Eurozone finance ministers chose Spanish Economy Minister Luis de Guindos to become the next vice-president of the European Central Bank (ECB), marking the return of Spain to top EU posts after the country lost its chair in the bank's Executive Council.

Cybersecurity Act – the EU can do better than this[Cybersecurity / Opinion] The EU wants to establish European benchmarks for IT security. However, the proposed measures will slow down innovative companies and detach the EU from international cybersecurity efforts, writes Naemi Denz.  

EU, Mercosur resume talks on trade deal[Economy & Jobs / News] Negotiators from Mercosur and the European Union are due to resume talks today (20 February) after edging closer to a historic trade deal during the last round in Brussels.

The Brief – Run, MFF, run[Economy & Jobs / News] Optimism is a moral duty, especially when Commissioners and MEPs set their sights on brokering the EU's long-term budget in record time.

Cohesion Policy post-2020: Doing more with less and additional private funding[Economy & Jobs / Opinion] In the aftermath of Brexit, which is expected to create a financial gap of €14 billion per year, doing more with less has, once again, become a cliché. But this time it is different, writes centre-right MEP Maria Spyraki.  

Report: Green businesses double performance of fossil fuel peers[Energy transition / News] Clean energy investments have almost doubled the performance of fossil fuel energy stocks over the past year and a half, new figures have revealed. EURACTIV’s partner edie.net reports.

Latvia’s chief banker arrested by anti-corruption officials[Politics / News] Anti-corruption authorities in Latvia have arrested the governor of the country's central bank, Ilmars Rimsevics, the government said Sunday, while assuring there is "no sign of danger" to the financial system.

Are geopolitics, trade and human rights compatible enemies?[Development Policy / Opinion] Europe cannot turn a blind eye to the Human Rights abuses occurring in third countries, unless we rewrite the mandates of the functioning of the EU institutions and the Treaty, writes MEP Tomáš  Zdechovský.

It’s time for Europe to deliver on an ambitious industrial strategy[Economy & Jobs / Opinion] As the EU's annual industry day approaches, the time is ripe to deliver on an ambitious industrial strategy that builds on Europe’s unique strengths, unlocks the potential of digital technology and data, and helps innovative companies solve societal challenges, writes Malte Lohan.

EESC adds pressure on trade partners to respect ILO conventions[Economy & Jobs / News] The European Economic and Social Committee adopted a resolution on Wednesday (14 February) calling on the EU to step up its efforts to give greater weight to labour and environment chapters in its free trade agreements.

Soros met with senior ECB official to discuss eurozone integration[Economy & Jobs / News] Investor and philanthropist George Soros held a private meeting with a senior ECB official last November to discuss eurozone integration, according to official documents published on Friday (16 February).

Finland differs with Commission on European Monetary fund[Economy & Jobs / News] Finland supports the idea of expanding the European Stability Mechanism (ESM) fund into a European monetary fund but does not back the European Commission's proposal on having the European Parliament oversee it, Helsinki said yesterday (15 February).

EU signs off on copyright waiver for the visually impaired[Digital / News] The European Council decided on Thursday (15 February) to approve a treaty on access to published works for visually impaired people, opening the door for the EU to ratify the text in the summer.

Macron praised as French economy powers ahead[Politics / News] The good news keeps coming for the French economy: data published yesterday (15 February) showed unemployment at its lowest level since 2009 while the head of the IMF praised recent reforms by President Emmanuel Macron.

Access to car data – the new battleground that risks consumer choice[Data protection / Opinion] Ahead of the 20 February vote in the TRAN Committee on the draft report on a European strategy on Cooperative Intelligent Transport Systems access to vehicle data, Laurianne Krid takes a look at the issues facing motorists with regard to the automotive digital economy.  

The battle for Cohesion policy: Preventing further Balkanisation of Europe[Economy & Jobs / Opinion] Cohesion policy is the glue of the European Union, however with Brexit and the decisions on the post 2020 budget , some changes may be made. Lambert van Nistelrooij breaks down the three main options the Commission has put forward in regards to cohesion policy.

Parliament and member states on collision course over ECB nomination[Economy & Jobs / News] MEPs revived the race for the ECB vice-presidency this week and said they considered Ireland's central banker Philip Lane to be more convincing than the frontrunner, Spain's economic minister Luis de Guindos.

The Brief – The ECB is coming home… to Germany[Economy & Jobs / News] Until recently, Germany has always been willing to take a step back and support an ally for a top job. But Berlin has been marshalling its political resources around securing the European Central Bank presidency for one of its own when Mario Draghi steps down next November.

Czech Republic seeks solutions to gender pay gap, with EU help[Economy & Jobs / News] How to manage a career while raising children? Children’s clubs funded by the EU could be part of the solution. Nevertheless, more needs to be done to increase women’s participation in the labour market.

Oettinger: EU budget should increase despite Brexit funding gap[Economy & Jobs / News] The EU’s next seven-year budget should increase the bloc’s spending, despite the impending departure of the UK from the bloc, the EU’s budget chief said on Wednesday (14 February).

Moscovici: Greece needs no ‘precautionary credit line’ but own growth strategy[Economy & Jobs / News] Greece will not need a precautionary credit or anything that looks like a forced programme after it exits the bailout, and any new surveillance should treat Greece "as a normal country", EU's Economic and Monetary Commissioner Pierre Moscovici said.

China, the unbeloved trade partner[Economy & Jobs / Opinion] Will Europe pick a quarrel with China? Brussels does not want to quit the field uncontested when it comes to the fact that the People's Republic infiltrates the European economy for self-serving reasons and wants to set the tone also in political terms, writes Wolf Achim Wiegand.

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