Jorge Valero

EU banking watchdog investigates Estonia and Denmark over Danske scandal

The European Banking Authority launched a formal investigation on Tuesday (19 February) to determine if Estonian and Danish authorities had failed to enforce EU rules that would have prevented one of the largest-ever money-laundering scandals affecting Danske Bank.
Economy & Jobs 18-02-2019

Europe warns of ‘swift’ response to potential US car tariffs

The European Commission said on Monday (18 February) that the EU will respond in a “swift and adequate manner” to the possibility that the US may impose tariffs on European cars, following the submission of a US report on whether car imports represent a national security threat.
Economy & Jobs 14-02-2019

Europe strengthens monitoring of foreign investment

The European Parliament approved on Thursday (14 February) the proposal to screen foreign investment at EU level, clearing the path for closer monitoring of third country companies willing to invest in EU’s critical sectors.
Economy & Jobs 14-02-2019

Europe creates labour watchdog to fight against abuses

The European Parliament and member states have reached an agreement to set up a new European Labour Authority (ELA) to protect workers’ rights and launch cross-border investigations in case of potential abuses.

Commission adopts stricter blacklist of money launderers

The European Commission has included Saudi Arabia and Panama in an extended ‘blacklist’ of uncooperative jurisdictions in the fight against money laundering and terrorist financing, in an effort to regain citizens’ trust in the fight against financial crimes.
Competition 13-02-2019

France and Germany prepare plan to create European champions

Following the rejection of the Alstom-Siemens merger, France and Germany are working on a review of the EU’s competition rules to create European champions capable of competing with US and Chinese multinationals.
Economy & Jobs 12-02-2019

Member states shield national vetoes on tax matters

A large majority of EU governments opposed on Tuesday (12 February) the European Commission’s proposal to end the unanimity required to pass legislation on taxation, saying they want to protect national sovereignty and avoid having decisions forced on reluctant countries.
Economic governance 07-02-2019

Uncertainty dampens European growth

Euro area economy is expected to slow down more markedly than initially expected, because of the impact of increasing risks, including a disorderly Brexit, and external tensions primarily driven by the US-China trade war.
Competition 06-02-2019

Six takeaways from Siemens-Alstom rejection

The European Commission decided on Wednesday (6 February) to block the merger of Siemens and Alstom, meant to create a European champion in the railway sector, due to the negative impact it would have on the European market and consumers.
Aviation 06-02-2019

Airlines should prepare for Brexit, Brussels insists

Thousands of flights by carriers such as Iberia or Vueling could be grounded because of their non-EU ownership, in the case of the UK's no-deal exit from the EU. But the European Commission stressed on Tuesday (5 February) that airlines have been warned to prepare.
Competition 05-02-2019

Juncker prepares the ground for Alstom-Siemens merger rejection

European Commission President Jean-Claude Juncker said on Tuesday (5 February) that the institution “will never play favourites” as the EU executive reportedly prepares to reject the Alstom-Siemens merger, despite intense political pressure from France and Germany.
Cybersecurity 31-01-2019

EU and US to strengthen cybersecurity cooperation

EU and US authorities have agreed to intensify their cooperation in the field of cybersecurity standards, as Western countries become increasingly concerned about links between Chinese telecom companies such as Huawei with Beijing.
Economy & Jobs 30-01-2019

EU will eliminate industrial tariffs only if US lifts metal duties

The European Commission has made clear to the US administration that the elimination of industrial tariffs will depend on Washington lifting duties it imposed on EU steel and aluminium last summer.
CETA 29-01-2019

EU’s top lawyer blesses CETA’s investment court system

The new system to settle disputes between states and private investors included in the EU-Canada trade agreement is compatible with EU law, the EU Court’s advocate general concluded on Tuesday (29 January), dismissing previous concerns.
Economy & Jobs 28-01-2019

Draghi steps into political debate, calls for more togetherness in EU

As European partners remain disunited on the way forward to strengthen the eurozone, ECB President Mario Draghi made a wholehearted defence on Monday (28 January) of the need to act together to complete the economic and monetary union and increase the influence of the common currency abroad.
Global Europe 24-01-2019

EU reluctant to recognise self-proclaimed Venezuela president, calls for elections

Amid growing pressure by Latin American presidents to recognise the self-proclaimed president of Venezuela, opposition leader Juan Guaidó, the EU is reluctant to follow the steps of the US and instead called on Thursday (24 January) for "free and fair elections”.
Economy & Jobs 18-01-2019

EU gets ready to retaliate if US adopts fresh car tariffs

The European Commission adopted on Friday (18 January) negotiating mandates to eliminate tariffs in all industrial goods, including cars, with the US, but also warned that the preparations to retaliate are “very well advanced” if Washington decides to slap fresh duties on European automobiles.

Europe urged to bolster defences against climate, cyber risks

Nations across the globe should step up preparations against global risks such as climate change and cyber attacks, EU officials say, as these areas remain the most pressing for global experts surveyed ahead of this year's World Economic Forum (WEF) taking place in Davos next week.
Economy & Jobs 17-01-2019

World risks sleepwalking into next crisis, Davos report warns

Global risks are intensifying but the will to tackle them collectively is eroding, as forces across the planet call for “taking back control”, the World Economic Forum warned in its latest report published on Wednesday (16 January).
G20 16-01-2019

Davos forum opens debate to rethink multilateralism

The World Economic Forum will discuss new models of cooperation in Davos next week amid growing pressure from politicians and people who question the benefits of globalisation.
Brexit 15-01-2019

Madrid and Brussels disagree over Iberia’s Spanish ownership after Brexit

Madrid is struggling to convince the European Commission about the Spanish ownership of Iberia, as it tries to preserve the air carrier's license to operate intra-EU flights after Brexit without altering the company's structure. 
EU-China 11-01-2019

EU seeks information as Chinese espionage scandal hits Poland

European Commission will seek information from Poland after national authorities arrested this week a Chinese Huawei employee and a Polish national over espionage allegations.
Competition 10-01-2019

Commission investigates if Netherlands benefited Nike with tax bill

The European Commission decided on Thursday (10 January) to open an in-depth investigation to determine whether the Netherlands had breached EU rules by allowing Nike to cut its tax bill through complex financial schemes.
Brexit 08-01-2019

EU ready to consider extra time for UK airlines in case of no-deal Brexit

The EU would not immediately ground intra-EU flights operated by British airlines after 29 March in case the UK nosedives out of the bloc with no deal, as it could set a new deadline for air carriers to reach a majority of EU ownership to maintain their operating licences.

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