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July 2014

► The next ECON Committee meeting  :
  • 22 July 9:00-12:30 and 15:00-18:30 in Brussels 
  • 3 September 9:00-12:30 and 15:00-18:30 and 4 September 9:00-12:30 in Brussels (TBC)
 
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► Reports voted in ECON (provisional versions)
In order to increase the public awareness of the reports and final texts voted in ECON, provisional versions are available to the public in Reports voted in ECON / final texts agreed with Council until the on-line publication in Documents : Reports or in Plenary.

   
 
Highlights
 
Appointment of Commissioner Jyrki Katainen

Following the election to the European Parliament of former commissioner Olli Rehn, the ECON Committee held an exchange of views with Jyrki Katainen on 14.07.14 in Strasbourg. Mr Katainen has been designated for the portfolio of Economic and Monetary Affairs. His mandate is expected to last until the end of October, when a new Commission is to be set up. Following the exchange of views, the European Parliament approved Mr Katainen's appointment as Commissioner during its plenary sitting of 16.07.14.

   
MEP Roberto Gualtieri elected chair of the Committee on Economic and Monetary Affairs

R.Gualtieri (S&D, IT) is the new chair of the Committee on Economic and Monetary Affairs, elected by acclamation on 07.07.14. During its constituent meeting on 7 July, the Committee has also elected 2 vice-chairs – MEPs M.Ferber (EPP, DE) and P.Simon (S&D, DE).
Regarding the election of the 3rd Vice-chair, a secret ballot was held, with 21 votes in favour and 30 votes against. After the vote, the Chair decided to adjourn the meeting. The election of the 3rd and 4th Vice-Chairs will take place on 14 July in Strasbourg.

   
Monetary Dialogue with M.Draghi, President of the ECB

On Monday, 14 July, from 19:30-21:30 ECON will welcome ECB’s President Mario Draghi for the first Monetary Dialogue of 8th legislature. President Draghi will present the ECB’s perspective on economic and monetary developments before entering in a discussion with Members, also covering 2 specific issues:
 
  • The strength of the euro
  • Non-standard policy measures and the development of the ECB Balance Sheet in comparison to the FED and Bank of England
 
Monday, 14 July from 19:30-21:30, room WIC 100 in Strasbourg

   
 
Latest press releases
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AFCO LIBE DEVE FEMM ECON ENVI EMPL REGI TRAN 22-07-2014 - 15:36  

The priorities of the Italian Council Presidency are being outlined to the various parliamentary committees by Italian ministers, on 22 and 23 July. This text will be updated daily.

JURI LIBE BUDG FEMM ECON ITRE 15-07-2014 - 10:47  

Four candidate EU Commissioners, nominated to replace those who left to become MEPs, were given committee hearings on Monday. The four, who if confirmed by the full House will serve for the rest of the Commission’s current term, are Jyrki Katainen (Finland), Ferdinando Nelli Feroci (Italy) Martine Reicherts (Luxembourg) and Jacek Dominik (Poland).

ECON 15-07-2014 - 10:44  

The way out of debt is through growth, not spending; European Central Bank President Margo Draghi told Economic and Monetary Affairs Committee MEPs on Monday evening, in the first Monetary Dialogue session since the European elections. The ECB will support lending to the real economy and lower taxes provided they are accompanied by structural reforms and efforts to complete the EU single market, he added.

AFET DEVE INTA BUDG CONT ECON JURI CULT AFCO LIBE PETI FEMM DROI SEDE ENVI EMPL IMCO ITRE REGI TRAN PECH AGRI 08-07-2014 - 11:26  

After the election of a President, Vice-Presidents and Quaestors of the European Parliament in Strasbourg last week, parliamentary committees convened on Monday in Brussels to elect chairpersons and their deputies for next two and a half years.

Powers and responsibilities
 
Committee responsible for:
1. the economic and monetary policies of the Union, the functioning of Economic and Monetary Union and the European monetary and financial system (including relations with the relevant institutions or organisations);
2. the free movement of capital and payments (cross-border payments, single payment area, balance of payments, capital movements and borrowing and lending policy, control of movements of capital originating in third countries, measures to encourage the export of the Union's capital);
3. the international monetary and financial system (including relations with financial and monetary institutions and organisations);
4. rules on competition and State or public aid;
5. tax provisions;
6. the regulation and supervision of financial services, institutions and markets including financial reporting, auditing, accounting rules, corporate governance and other company law matters specifically concerning financial services;
7. the relevant financial activities of the European Investment Bank as part of European economic governance in the eurozone.
 
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