“Failure to eliminate remaining barriers in the EU single market, particularly in the area of services, is holding back growth, job creation and consumer choice, ECR MEPs said today. Flemish ECR MEP Anneleen Van Bossuyt, chairman of the European Parliament’s powerful Internal Market Committee, said that for too many in the EU ‘completion of the single market is simply a soundbite, not a serious political priority’.”
” ‘This ruling is frightening: the European Court of Justice now explicitly allows the European Central Bank to provide monetary financing, provided that it is temporary. The court clearly shot over its target of helping the ECB’, warned ECR Group MEP Bernd Lucke following a judgement from the ECJ on a case brought with a group of nearly 2000 plaintiffs against the ECB’s bond purchasing programme.”
Tomorrow a delegation from the S&D Group in the European Parliament will arrive in Katowice (Poland) to participate in the 24th UN Climate Change Conference. It is the most important meeting since the COP21 in Paris, and it aims to agree on a rulebook on the way to enforce global action to make sure that warming will be well below 2 degrees as compared to pre-industrial levels.
“Socialists and Democrats from all over Europe have gathered at the PES-Congress in Lisbon to discuss key issues ahead of the 2019 European elections and to acclaim the PES Common Candidate, Frans Timmermans.”
“The Socialists and Democrats led today a vote in the economic and monetary affairs committee to tackle non-performing loans (NPLs) and thereby made a new significant step to reduce risk in the banking sector. NPLs or ‘bad’ loans refer to bank loans whose payment is delayed or is unlikely to happen. The S&Ds expressed concerns over the historically high levels of bad loans which can negatively affect investments and the economy.”
No more dirty secrets in the authorisation procedure for pesticides, GMOs, food additives and novel food!
EPP Group insists on science-based approach towards authorisation of pesticides.
ECR MEPs today condemned moves to re-open the decision to licence the world’s most popular weed killer for use in the European Union. The European Parliament’s Special Committee on Pesticides wants the issue to be reassessed just 12 months after Glyphosate was licensed for five years by Member States.
GUE/GNL released a press release and a study on the risks of tax dodging and other illicit financial flows should a deal be concluded between the EU and Argentina, Brazil, Paraguay & Uruguay.
“The European Parliament and the Council reached today an agreement to reduce risk in the EU banking system, safeguard taxpayer’s deposits and deepen the Banking Union. The Socialists and Democrats have welcomed the preliminary deal on the banking package and stressed the need to achieve a concrete outcome on the reform of the European Stability Mechanism (ESM) and of the European Monetary Union (EMU) at the next Euro Summit in December. The S&Ds have put forward and ensured that banks will be able to cover for own losses and that will address environmental, social and governance (ESG) risks.”
Today, EU Finance Ministers have failed to come to an agreement on a proposed digital tax. This is despite the backing of the proposals by the Economic Affairs committee of the European Parliament which voted last night by a large majority in favour of a digital tax. A digital tax based on “digital presence” and/or revenues would help end the profit shifting and tax evasion of tech giants.
“The agreement reached by the Eurozone finance ministers includes important elements for the deepening of the Economic and Monetary Union (EMU) and we appreciate the efforts of those who have worked hard to make these first results possible. Establishing a banking union backstop within the European Stability Mechanism (ESM) and reforming ESM precautionary instruments are good steps forward.”
“The S&Ds called for a thorough inquiry by the European Supervisory Authorities into dividend arbitrage trading schemes such as ‘Cum-Ex’ or ‘cum-cum’ and their impact on the integrity of financial markets, during a vote in the plenary on the CumEx scandal. The S&D Euro MPs condemned tax fraud and the theft of taxpayers’ money and urged member states to bring those responsible for this massive theft to justice, improve national taxation legislation, exchange of information and the enforcement of the tax and financial regulation in Europe.”
“‘Cum-Ex’ is Latin – and it means ‘with without’. In essence, it’s a massive stock-trading scam by bankers, brokers, hedge funds, international tax firms, investment companies, lawyers and insurance companies. By acting as promoters to help their clients get a refund for a tax they never actually paid for, they have defrauded EU member states by billions of euros.”
Reactions will be added as they become available.
The European Union must change gear to accelerate its transition to a sustainable society, by placing well-being for everyone at the heart of its project for the next parliamentary term. So far, the EU has not grasped the full nature of the crisis, which is both social and ecological. Climate change, pollution or the depletion of natural resources cannot only be addressed by ‘greening the economy’. The other two dynamics of sustainable development – inclusive development and social-ecological progress are equally important. Policies of the future must be built on the three dynamics together, if we are to overcome the crises that undermine our democracies and Europe. That is why S&Ds have launched a comprehensive and radical new agenda for Europe that should guide its action after the 2019 European elections.
Socialists and Democrats have been at the forefront in the fight against harmful pesticides, such as those containing glyphosate, and have pushed for a strict and independent European system to exclude any dangerous substance from the food chain.
Today, a group of Scottish politicians, including Greens/EFA (SNP) Member Alyn Smith, will bring a case to the European Court of Justice on the question as to whether or not Article 50 can be withdrawn once the process of a Member State leaving the EU has started. The hearing will be the first in front of the ECJ, following the cases referral from the Scottish Court of Session and the UK’s Supreme Court. It is expected that the court will rule on the case before the end of the year.