European Parliament Committee on Economic and Monetary Affairs

Press release - MEPs quiz commissioner Vestager about nomination of chief economist

Retrieved on: 
Tuesday, July 18, 2023
Commission, Commissioner, Member of the European Parliament, European Parliament Committee on Economic and Monetary Affairs, European Commission, Management

On Tuesday evening, Economic and Monetary Affairs Committee MEPs hosted competition commissioner Vestager to discuss the recent nomination of chief competition economist Fiona Scott Morton.

Key Points: 
  • On Tuesday evening, Economic and Monetary Affairs Committee MEPs hosted competition commissioner Vestager to discuss the recent nomination of chief competition economist Fiona Scott Morton.
  • During the debate, European Commission Executive Vice-President Margrethe Vestager explained what led her and the Commission to choose US national Fiona Scott Morton as chief competition economist.
  • “It would be wrong to deprive the Commission and Europeans of the best economic advice, and there are not many people who can fulfil this specific role.
  • Some MEPs were worried the new chief economist’s previous work for American tech companies could become an issue, especially given the focus of the Commission on big tech cases.

Luis de Guindos: Presentation of the ECB Annual Report 2022 to the Committee on Economic and Monetary Affairs of the European Parliament

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Saturday, May 27, 2023
Insurance, European Central Bank, BIS, European Parliament Committee on Economic and Monetary Affairs, European Parliament, Suggestion, Economy, BCBS, Policy, Communication, Government Council for Foreign Affairs and Defence, Basel Committee on Banking Supervision, Attention, Finance, Element, Frankfurt, Parliament, Committee, FSB, Financial Stability Board, Annual report, Risk, ECB, Hearing, Growth, International Economics Bulletin, APP, Member of the European Parliament, Prudential, Fiscal policy, Reproduction, Safety, Management, Cryptocurrency, Food industry, Agriculture, Security (finance), Renewable energy, Risk management, EU, European, Basel
Key Points: 

Fabio Panetta: A digital euro: widely available and easy to use

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Wednesday, April 26, 2023
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Key Points: 

Wilson Sonsini Adds Jess Cheng, Former Senior Federal Reserve Payments Counsel, to Fintech and Financial Services Group

Retrieved on: 
Tuesday, December 6, 2022
Fintech, Legal, Professional Services, Finance, Crypto.com, Financial technology, Wilson Sonsini Goodrich & Rosati, Wachtell, Lipton, Rosen & Katz, Federal Reserve Board of Governors, Ecosystem, Private sector, Intellectual property, South Korean IMF (International Monetary Fund) Agreement,1997, Federal, Yale University, Federal Reserve, European Parliament Committee on Economic and Monetary Affairs, Federal Reserve Bank, Private law, Economics, Bitwise operation, Structure of the Federal Reserve System, Public sector, Financial services, Maitra, Multimedia, Jess, Columbia Law School, Intercontinental Exchange, AngelList, Roblox, Federal Reserve Bank of New York, Public policy, Silicon, Block, Science and technology in Asia, Bank, Cryptocurrency

She joins Wilson Sonsini from the Board of Governors of the Federal Reserve System in Washington, D.C., where she served as senior counsel in the Monetary Affairs and Payment Systems Section.

Key Points: 
  • She joins Wilson Sonsini from the Board of Governors of the Federal Reserve System in Washington, D.C., where she served as senior counsel in the Monetary Affairs and Payment Systems Section.
  • Chengs addition is the latest significant hire that underscores Wilson Sonsinis efforts to formalize its Fintech and Financial Services practice.
  • Wilson Sonsini provides extensive and cutting-edge corporate, regulatory, intellectual property, and litigation legal representation for innovative companies across the fintech and financial services industries.
  • Wilson Sonsini has been representing fintech clients since the industry first surfaced, and our experience has helped us attract talented attorneys like Jess and others, and led us to formalize our Fintech and Financial Services group, said Amy Caiazza, a partner at Wilson Sonsini who leads the group.

Press release - REPowerEU measures: press briefing on the provisional deal struck on Wednesday

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Wednesday, December 14, 2022
European Parliament Committee on Economic and Monetary Affairs, Resilience, ES, Interpretation, European Parliament Committee on Regional Development, Regional development, Recovery, Budget, European Parliament, S&D, Research, EPP, Food safety, 1965 Romanian State Council president election, DE, RO, Member of the European Parliament, European Parliament Committee on the Environment, Public Health and Food Safety, Agriculture, European Parliament Committee on Industry, Research and Energy, Commission, European Parliament Committee on Agriculture and Rural Development, Committee, Public health, Council, Environment, Parliament, Rural development, Economy, Risk management, Industry

On Wednesday 14 December, the co-rapporteurs on the inclusion of REPowerEU chapters in recovery and resilience plans will hold a press conference at 10.30.

Key Points: 
  • On Wednesday 14 December, the co-rapporteurs on the inclusion of REPowerEU chapters in recovery and resilience plans will hold a press conference at 10.30.
  • When: Wednesday 14 December after the votes at 10.30
    Where: Daphne Caruana Galizia room (WEISS N -1/201), European Parliament in Strasbourg
    How: Accredited media representatives can attend the press conference physically.
  • The press conference will also be web streamed live and recorded on the Parliament's Multimedia Centre.
  • Interpretation will be available to and from English, French, German Spanish and Romanian.

REPORT on the proposal for a Council regulation on the application of Articles 93, 107 and 108 of the Treaty on the Functioning of the European Union to certain categories of State aid in the rail, inland waterway and multimodal transport sector - A9[...]

Retrieved on: 
Thursday, December 1, 2022
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Calls on the Council to notify Parliament if it intends to depart from the text approved by Parliament;

Key Points: 
  • Calls on the Council to notify Parliament if it intends to depart from the text approved by Parliament;
    3.
  • Asks the Council to consult Parliament again if it intends to substantially amend the text approved by Parliament;
    4.
  • Instructs its President to forward its position to the Council and the Commission.
  • The proposal for Council Regulation (EU) No 327/2022[1] enables the European Commission to exempt from prior notification under EU State aid rules certain types of aid for rail, inland waterway and multimodal transport, with the objective of promoting green transport.
  • Since State aid for rail, inland waterway and multimodal transport falls under Article 93 TFEU, which constitutes a lex specialis relative to Article 107(2) and (3) TFEU, a specific enabling Council regulation for rail, inland waterway and multimodal transport seems justified (Transport Enabling Regulation).
  • Therefore, the proposed Transport Enabling Regulation allows the Commission to adopt block exemption regulations for aid to rail and inland waterway transport and to multimodal transport with the objective of promoting green transport.
  • It was adopted by the European Commission on 6 July 2022, in the context of the revision of the State aid Railway Guidelines.

REPORT on the proposal for a Council regulation amending Regulation (EU) No 389/2012 as regards the exchange of information maintained in the electronic registers concerning economic operators who move excise goods between Member States for commercia[...]

Retrieved on: 
Thursday, December 1, 2022
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Calls on the Council to notify Parliament if it intends to depart from the text approved by Parliament;

Key Points: 
  • Calls on the Council to notify Parliament if it intends to depart from the text approved by Parliament;
    3.
  • Asks the Council to consult Parliament again if it intends to substantially amend the text approved by Parliament;
    4.
  • Instructs its President to forward its position to the Council, the Commission and the national parliaments.
  • Council Regulation (EU) No 389/2012[1] lays down the legal basis for administrative cooperation in the field of excise duties between Member States.
  • Each Member State maintains an electronic database containing registers with the data of the economic operators engaged in the movement of excise goods.
  • Intra-EU commercial movements of excise goods may be performed under suspension of excise duty (i.e.
  • With this proposal, Member States shall align the procedure of exchanging the data of economic operators moving goods under Duty Suspension with the exchange of data of the economic operators moving goods under Duty Paid.

Christine Lagarde: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

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Wednesday, November 30, 2022
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I will also address the two topics selected by this Committee for todays hearing, namely the global monetary policy cycle and inflation differentials.

Key Points: 
  • I will also address the two topics selected by this Committee for todays hearing, namely the global monetary policy cycle and inflation differentials.
  • The shock hit just as we were coming out of the pandemic and has continued to cause economic disruptions.
  • [1]
    Given our proximity to the conflict and our dependence on energy imports, Europe has been hit particularly hard.
  • Higher energy costs have been a key driver of euro area inflation, which in October reached double digits for the first time since the start of the monetary union.
  • [2] *
    This rise in inflation affects everyone, but some are feeling it more than others.
  • We are monitoring these divergences carefully and expect them to normalise as the impact of these shocks fades over time.
  • The different shocks over the past year have also had an impact on real economic activity.
  • [4]
    The European response to the war has garnered broad support among citizens and optimism about the future of the EU has increased.
  • While monetary policy is geared towards bringing inflation back to our medium-term target, the economic outlook will also depend on the actions taken by other stakeholders.
  • I encourage EU policymakers, including this Parliament, to soon reach a viable and broadly shared agreement to help strengthen the foundations of our Economic and Monetary Union.
  • E. and Koester, G. (2022), The role of demand and supply in underlying inflation decomposing HICPX inflation into components,
    Economic Bulletin, Issue 7, European Central Bank.
  • See European Parliament Spring 2022 Survey: Rallying around the European flag - Democracy as anchor point in times of crisis.

Press release - REPowerEU measures in national recovery plans: Press briefing after plenary vote

Retrieved on: 
Thursday, November 10, 2022
European Parliament Committee on Economic and Monetary Affairs, ES, Resilience, Commission, Economy, EPP, Budget, Recovery, RO, European Parliament, EP, Interpretation, EU

REPowerEU measures in national recovery plans: Press briefing after plenary vote

Key Points: 
  • REPowerEU measures in national recovery plans: Press briefing after plenary vote
    On Thursday 10 November, EP President Metsola and the co-rapporteurs for the REPowerEU chapters in recovery and resilience plans will hold a press conference at around 11.30.
  • When: Thursday 10 November, after the votes at around 11.30
    Where: European Parliament in Brussels, Anna Politkovskaya press conference room (0A50), Spaak building, with physical and remote participation.
  • Interpretation will be available in the following languages: English, French, Spanish and Romanian.
  • Background
    In May 2022, the Commission put forward a proposal to make the Recovery and Resilience Facility the main funding vehicle of the RePowerEU plan (the REPowerEU amendment proposal).

Third Day of The Festival of Economics 2022 in Trento

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Saturday, June 4, 2022
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TRENTO, June 04, 2022 (GLOBE NEWSWIRE) -- Time flies at the Festival of Economics 2022 in Trento.

Key Points: 
  • TRENTO, June 04, 2022 (GLOBE NEWSWIRE) -- Time flies at the Festival of Economics 2022 in Trento.
  • It is already the third day, the most eventful one, in an edition full of events and surprises.
  • Saturday started with the remembrance, by the Festival community, of the recently deceased economist Jean Paul Fitoussi.
  • Also today, at the Festival, Maria Cristina Messa, Minister for Universities and Research, and Roberto Cingolani, Minister for Ecological Transition, spoke via video link.