Call for better use of public money – EUbusiness Week newsletter 723 – EUbusiness.com

EUbusiness Week 723 top stories: EU sees three million migrants arriving by 2017; Up to EUR 400 bn needed for clean EU energy grid by 2050; China applies to join European reconstruction bank; Israel to EU: labelling products harms peace hopes; Meat labels still misleading EU consumers; ‘Very high quality’ vintage predicted for 2015 wines

Publisher’s Note

The Juncker Commission carried the investment theme into its second year with the launch this week of a call for proposals providing a EUR 7.6 bn boost to a European transport infrastructure in dire need of investment.

Simultaneously, the Commission highlighted a couple of new tools: an Advisory Hub to get project proposals into good shape, and a Project Portal to attract private investment. Both reflect pressure for more efficient use of European resources, and a need to attract greater involvement from private investors in the EU’s own investment plans.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. EU sees three million migrants arriving by 2017

Three million migrants fleeing war and poverty are seen entering the EU by 2017 in a development likely to have a marginal positive impact on the economy, the European Commission said on Thursday.
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Eurozone set for ‘moderate’ recovery in 2016, 2017

2. Up to EUR 400 bn needed for clean EU energy grid by 2050

Investors will have to spend up to 400 billion euros to build an EU-wide electricity grid that involves the emission of virtually no greenhouse gases by 2050, says a report.
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3. China applies to join European reconstruction bank

China has requested to join the European Bank for Reconstruction and Development, the bank’s chief economist said on Thursday.
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4. Israel to EU: labelling products harms peace hopes

Israel has denounced a European Union proposal to label products from Jewish settlements, saying it would damage the peace process with the Palestinians.
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5. Meat labels still misleading EU consumers

Meat products sold across the EU often contain less meat than labelled or even a different kind altogether, a consumer watchdog said two years after the horsemeat scandal.
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6. ‘Very high quality’ vintage predicted for 2015 wines

The European vintage for 2015 should be of “a very high quality” after a year marked by clement weather and successful harvests, wine growers said on Wednesday.
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EUROPEAN LAW

Kosovo: the Kosovo president has asked the country’s top court to review an EU-brokered deal aimed at normalising ties with Serbia which has fuelled dramatic tear gas protests in parliament.
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Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions

Council Watch

Turkey: EU president Donald Tusk urged Turkey on Tuesday to show its readiness to work with Brussels on issues such as the migrant crisis following a stunning election win by the party of President Recep Tayyip Erdogan.
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EU treaties must protect non-euro members: Osborne
Migrant crisis coverage ‘bolstering Brexit camp’
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Commission Watch

One year on: a year after Jean-Claude Juncker took charge of what he called the “last chance” Commission, his plans to win back sceptical voters have been partly sidelined by existential threats like the migrant and Greek crises.
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Moscovici confident of ‘compromise’ with Greece on reforms
EU urges VW to speed up emissions-cheating probe
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Parliament Watch

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This week EP President Martin Schulz visited a refugee registration and identification centre on the Greek island of Lesbos; while EP delegations visited China to discuss threats from the online sale in the EU of new psychoactive substances, as well as the UN General Assembly to debate human rights issues.
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EU diary

9 Nov: Eurogroup
9-10 Nov: Energy Infrastructure Forum – Inaugural event
9-10 Nov: European Parliament Committee Meetings
9-10 Nov: Bioeconomy investment summit
10 Nov: Economic and Financial Affairs Council
11 Nov: European Parliament plenary session
The Week Ahead
Long-term diary