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Saadikud ootavad reaktsioonivõimet ning euroala paremat koordineerimist
Saadikud kutsusid nõukogu ja komisjoni üles kasutama euroala praegust keerulist olukorda selleks, et muuta majanduslik koordineerimine siduvamaks ning parandada reaktsioonivõimet, et tulevikus hoida ära pingeid finantsturgudel.
Loe lähemalt : Saadikud ootavad reaktsioonivõimet ning euroala paremat koordineerimist ….Support small firms while tackling the crisis, say MEPs and experts
Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.
Read more : Support small firms while tackling the crisis, say MEPs and experts ….Social impact of the crisis: sweeping reforms needed
"If 'well-digested intellectually', the economic crisis can perhaps create opportunities for re-launching the market integration process in Europe", President of Milan's Bocconi University and former EU Commissioner Mario Monti told the Special Committee on Financial, Economic and Social Crisis at a public hearing on Thursday.
Read more : Social impact of the crisis: sweeping reforms needed ….Reducing red tape for smaller companies
Micro-companies could be exempted from having to draw up annual accounts under an amendment to EU accounting rules approved by the Legal Affairs Committee on Thursday. However, these exemptions would have to be granted by EU Member States, and the companies would still have to keep records of their business transactions and financial situation. Parliament is to vote on the amendment in February.
Read more : Reducing red tape for smaller companies ….Supervisory package of the financial system: MEPs quiz the experts
During a public hearing on the financial supervisory package, MEPs of the Economic and Monetary Affairs committee discussed the current state of play and the future options regarding the EU's nascent supervisory bodies with leading experts, among whom Jacques de LAROSIÈRE, chairman of the high-level group on financial supervision.
Read more : Supervisory package of the financial system: MEPs quiz the experts ….Trichet calls for "timely and gradual" phasing-out of non-standard measures
ECB President Jean-Claude Trichet expects the eurozone economy to grow "at a moderate pace" next year but warns that any growth will be "surrounded by a high level of uncertainty". At his quarterly meeting with MEPs on Monday, Mr Trichet added that monetary exit strategies need to be "timely and gradual".
Read more : Trichet calls for "timely and gradual" phasing-out of non-standard measures ….A tax on financial transactions is probably not the best way to curb speculation and find extra revenue to bail out failing banks, MEPs heard on Wednesday at a public hearing held by the EP Economic and Monetary Affairs Committee.
Read more : Pros and cons of a financial transaction tax ….Hedge funds: ideas for new legislation
Improving transparency and regulatory control of alternative investment funds, such as private equity and hedge funds, to reduce the risks involved, is the key aim of a report tabled in the Economic and Monetary Affairs Committee on Tuesday.
Read more : Hedge funds: ideas for new legislation ….Monetary exit strategies and systemic risk: MEPs hear experts
EU co-ordination of exit strategies, links between the ECB and the European Systemic Risk Board and a possible ban on products that destabilise markets were the key issues raised by MEPs from the Economic and Monetary Affairs Committee and the Special Committee on Financial, Economic and Social Crisis at a hearing of experts on Tuesday.
Read more : Monetary exit strategies and systemic risk: MEPs hear experts ….Companies in the EU Member States should possibly be allowed to deduct their input VAT for cars, laptops, mobile phones and other movable assets that form part of their business assets but first it has to be made clear what impact this would have on the internal market, said Members of the EP Economic and Monetary Affairs Committee on Tuesday.
Read more : Should VAT be tax-deductible for company cars? ….CRIS : phasing out of support measures not imminent
The monetary policy stance should be normalized and non-standard measures to support the financial system withdrawn as and when economic and financial conditions gradually improve, ECB Executive Board member José Manuel González-Páramo told the Financial, Economic and Social Crisis (CRIS) Committee on Tuesday. These policy changes are not imminent, he added.
Read more : CRIS : phasing out of support measures not imminent ….Wolf Klinz will chair the special committee on crisis
The Special Committee on Financial, Economic and Social Crisis (CRIS) has elected as its Chairman German MEP Wolf Klinz (ALDE) at its inaugural meeting on Thursday in Brussels.
Read more : Wolf Klinz will chair the special committee on crisis ….
Saadikud otsustasid kolmapäeval, 7. oktoobril moodustada majandus- ja finantskriisi erikomisjoni, kuhu kuulub 45 saadikut ning mille mandaat kestab 12 kuud. Erikomisjon hindab kriisi ulatust ja selle mõju liikmesriikidele ning teeb ettepanekud stabiilse finantsturu taastamiseks.
Loe lähemalt : Majandus - ja finantskriisi erikomisjon ….G20: tuleb vältida liiga suure koorma jätmist tulevastele põlvkondadele
EL vajab rangemat finantsjärelevalve ülesehitust, sh ühtset finantsjärelevalveasutust, ütleb parlament Pittsburgi G20 tippkohtumise kohta neljapäeval vastu võetud resolutsioonis. Saadikud rõhutasid lisaks vajadust tagada eelarvepoliitika pikaajaline jätkusuutlikkus, et vältida liiga suure koorma jätmist tulevastele põlvkondadele. Hetkel peab aga prioriteediks olema töökohtade loomine ning inimeste kaitsmine kriisi mõjude eest, lisasid nad.
Loe lähemalt : G20: tuleb vältida liiga suure koorma jätmist tulevastele põlvkondadele ….Trichet and Juncker: Time not right to exit financial support measures
The euro area economy shows signs of stabilisation, but it would be premature to declare the crisis over, ECB President Jean-Claude Trichet told the Economics Committee on Monday. MEPs wanted to know how the proposed Systemic Risk Board would work and how to ensure the supply of credit to businesses. On Tuesday, Eurogroup chair Jean-Claude Juncker warned the situation remained fragile and predicted several years of slow economic growth ahead.
Read more : Trichet and Juncker: Time not right to exit financial support measures ….Buzek and Trichet at Parliament: Crisis is not over. We should reform.
"The European Parliament takes careful note of the initiative of 8 Member States to continue reforms in the banking sector and of the proposals to create caps and taxes on bonuses, cancelling rewards if investments fail. It is not easy to answer such a proposal at the EU level, at the European Parliament level we support it," said European Parliament President Jerzy Buzek at joint press briefing in the European Parliament with European Central Bank President Jean Claude Trichet.
Read more : Buzek and Trichet at Parliament: Crisis is not over. We should reform. ….MEPs and Congressmen debate anti-recession measures
Economic and Monetary Affairs Committee MEPs exchanged views with their U.S. counterparts Wednesday on the economic crisis and new regulatory framework for financial markets. They agreed to improve contacts and information exchange between legislators from both sides of the Atlantic.
Read more : MEPs and Congressmen debate anti-recession measures ….Make the Small Business Act legally binding, says MEPs
Small and medium-sized businesses consistently underperform compared to their American counterparts and larger companies when it comes to productivity, growth and innovation. So says the European Parliament in a report which calls on the Council and Commission to join Parliament in making the Small Business Act legally binding. The report was adopted with 536 votes in favour, 47 against and 47 abstentions.
Read more : Make the Small Business Act legally binding, says MEPs ….Statute for a European private company: uniform company throughout Europe
The European Parliament welcomes the proposal on the Statute for a European private company, but proposes amendments that are "essentially aimed at responding to the debates that are to be anticipated within the Council and to counteract blockages within the Council". The report proposes a start-up capital of at least €1, provided that the articles of association require that the management body sign a solvency certificate. If not, the capital must be at least €8,000.
Read more : Statute for a European private company: uniform company throughout Europe ….Proposal to facilitate cross-border transfers of companies
Parliament is asking the Commission to submit a legislative proposal for a directive aimed at facilitating cross-border transfers of registered offices within the European Union. The proposed directive will lay down measures for coordinating Member States’ national legislation in order to give companies freedom of establishment within the internal market. The resolution was adopted with 608 votes in favour, 51 against and 13 abstentions.
Read more : Proposal to facilitate cross-border transfers of companies ….New rules for banks to avoid a future financial crisis
Improving the transparency and the supervision of the financial system to ensure proper risk management in the banking sector is the aim of legislation approved on Monday by the Economic and Monetary Affairs Committee.
Read more : New rules for banks to avoid a future financial crisis ….A gradual increase in minimum tax rates on cigarettes, to at least €1.50 per pack by 2014, and other tobacco products, was backed by the Economic Affairs Committee on Monday, but it advocated smaller increases than those proposed by the Commission.
Read more : Tobacco tax increases ….Reduce VAT on restaurants, audio books and local services say MEPs
Member States should be allowed to reduce VAT rates on a new series of goods and services, such as restaurants, children's car seats, audio books and beauty treatments – and other locally supplied services if there is no distortion of competition in the EU Internal Market, say MEPs. The report was adopted with 636 votes in favour, 14 against and 18 abstentions.
Read more : Reduce VAT on restaurants, audio books and local services say MEPs ….Europe acting together can face up to the economic crisis
Strong European leadership to tackle the current crisis of confidence and investing in environmental protection projects will help soften the effects of economic slowdown, according to MEPs and national MPs.
Read more : Europe acting together can face up to the economic crisis ….Focus on the long term while tackling immediate economic crisis
Stimulus measures to tackle the economic crisis should not be at the expense of long term sustainability for public finances, while spending should focus on areas that will enhance the long-run performance of the EU economy, MEPs and national MPs heard on Monday.
Read more : Focus on the long term while tackling immediate economic crisis ….Parlamentidevaheline kohtumine 16. ja 17. veebruaril Brüsselis
Majanduskriisi valguses arutavad Euroopa Parlamendi saadikud ning liikmesriikide parlamentide liikmed majanduskasvu taastamise ning töökohtade loomise võimalusi Euroopas. 16.-17. veebruaril Brüsselis aset leidvad kohtumise kaaskorraldajateks on Euroopa Parlament ja Tšehhi parlament. Eestist osaleb kohtumisel Riigikogu alaline esindaja Euroopa Parlamendi juures Malle Kuuler.
Loe lähemalt : Parlamentidevaheline kohtumine 16. ja 17. veebruaril Brüsselis ….EU banking supervision and ECB role discussed by MEPs and national MPs
The European Central Bank's potential role in helping to make Europe's fragmented system of financial supervision more effective was one of the key issues discussed over two days of debate between the Economics Committee and national MPs.
Read more : EU banking supervision and ECB role discussed by MEPs and national MPs ….Safer and easier e-money transactions
E-money services - which store cash in electronic form - should be enhanced by boosting innovation and improving consumer confidence, according to the Economics Committee, which approved on Wednesday an update of the EU legal framework.
Read more : Safer and easier e-money transactions ….Economic rescue plans need EU-level coordination
National economic rescue plans may harm Europe's global competitiveness if they are not well coordinated at EU level, says the Economics Committee in a report adopted on Wednesday.
Read more : Economic rescue plans need EU-level coordination ….ECB's Trichet sees economic pick-up in 2010
Speaking to MEPs in the Economics Committee, European Central Bank President Jean-Claude Trichet said "the economic pick up should take place in 2010". MEPs questioned him on the current crisis, including the effects of the recovery measures on real economy and the need for better supervision of financial markets.
Read more : ECB's Trichet sees economic pick-up in 2010 ….Call for EU legislation to encourage microcredit schemes
The Economics Committee is calling for the Commission to propose legislation on microcredit schemes in Europe, aiming to remove problems caused by competition and money-laundering rules, to allow for more EU co-funding, to introduce a harmonised regulatory framework for microcredit providers and to raise their profile.
Read more : Call for EU legislation to encourage microcredit schemes ….Private company statute: an easier way to start up a business in the EU
A proposed European Private Company Statute - an easier and less costly way to start up a business in the EU and take advantage of its single market - was backed by the Legal Affairs Committee on Tuesday. Members amended the text to prevent misuse and ensure respect for workers' rights. A legislative initiative to facilitate the transfer of companies within the EU was also approved by the committee.
Read more : Private company statute: an easier way to start up a business in the EU ….Euro 10. aastapäeva pidulikul istungil esinesid parlamendi ees kõnega Euroopa Keskpanga president Jean-Claude Trichet, Eurogrupi president Jean-Claude Juncker, Euroopa Komisjoni volinik Joaquín Almunia ja Prantsusmaa endine president Valery Giscard d’Estaing.
Loe lähemalt : Euro 10. aastapäeva tähistamine ….Public finances in EMU 2007 and 2008
In response to the difficult economic and financial situation currently affecting Europe and the world, public sector intervention is reassuming a "pivotal role, sometimes taking the form of outright nationalisation," says the European Parliament in a report adopted with 521 votes in favour, 47 against and 55 abstentions.
Read more : Public finances in EMU 2007 and 2008 ….UCITS: MEPs back management company passport approach
Parliament has approved a proposed reform of the UCITS directives, aimed at making the investment fund market in the EU less fragmented and at improving efficiency. MEPs inserted provisions for a "management company passport". The text has already been agreed with the Council, so this vote effectively completes the legislative procedure. The resolution was adopted with 589 votes in favour, 28 against and 38 abstentions.
Read more : UCITS: MEPs back management company passport approach ….