EU Budget for jobs, growth, migration – EUbusiness Week newsletter 706 – EUbusiness.com

EUbusiness Week 706 top stories: Cameron urges ‘flexible and imaginative’ EU reforms; Weak growth, Greece pose risk to financial stability: ECB; EU asks Member States to admit 40,000 asylum seekers; EU-Swiss accord to end banking secrecy; EU-Tunisia trade deal talks to begin in October; More than four espressos a day can harm health

Publisher’s Note

The Commission this week set out its draft for the EU’s 2016 budget, with payment credits largely frozen at EUR 143.5 bn, and a focus squarely on supporting the economic recovery and helping to “improve lives in Europe and beyond”.

The Commission says it has responded to the need to use taxpayers’ money wisely. MEPs in general welcomed the draft, noting that comfortable margins – the gap between program allocations and the spending ceiling – could offer a solution to financing of the Juncker investment Plan.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. Cameron urges ‘flexible and imaginative’ EU reforms

British Prime Minister David Cameron called for “flexible and imaginative” reforms from the EU as he swung through Paris Thursday on a tour of Europe to lobby for changes.
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Merkel, Hollande to discuss future of EU as Brexit looms

2. Weak growth, Greece pose risk to financial stability: ECB

The European Central Bank said Thursday that financial stability has increased recently in the euro area, but warned that weak growth in the region and the Greek crisis could pose risks in the future.
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ECB chief calls for government reforms now

3. EU asks Member States to admit 40,000 asylum seekers

The EU has asked its Member States to admit 40,000 asylum seekers from Syria and Eritrea landing in Italy and Greece, which have been overstretched by an influx of migrants.
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Redistribution numbers for asylum seekers, refugees

4. EU-Swiss accord to end banking secrecy

The European Union and Switzerland signed a major accord Wednesday to end banking secrecy for EU residents and prevent them from stashing undeclared income in Swiss banks.
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5. EU-Tunisia trade deal talks to begin in October

Tunisia intends to begin talks in October on a free trade deal with the European Union, Tunisian Prime Minister Habib Essid said during a visit to Brussels Wednesday.
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6. More than four espressos a day can harm health

Drinking the caffeine equivalent of more than four espressos a day is harmful to health, especially for minors and pregnant women, says the EU food safety agency.
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EUROPEAN LAW

German airports: the EU referred Germany to court Thursday for failing to regularly monitor security measures at some airports, but said it was not related to the Germanwings crash.
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Russia’s new ‘undesirables’ law draws Western ire
EU court jails 11 ex-Kosovo fighters over war crimes
Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions

Council Watch

Greece: Greece says it hopes to conclude by Sunday a deal with its international creditors to unlock much-needed bailout funds.
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UK referendum question will be a ‘Yes’ to stay in EU
Balkan nations say EU economic aid key for stability
Eurosceptic Finns Party leader named foreign minister
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Commission Watch

Greece: talks between Greece and its creditors need to “speed up”, the Economic and Financial Affairs Commissioner said on Tuesday, as the Greek government warned that it was running out of money.
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EU defends Juncker’s ‘cool style’
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Parliament Watch

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This week, MEPs and ministers struck an informal deal to bridge the investment gap on the Juncker plan; and Trade Committee MEPs said the EU-US trade deal should deepen EU access to the US market, but must not undermine EU standards or the right to regulate in the public interest.
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EU diary

1-4 Jun: European Parliament Committee Meetings
1-2 Jun: European consumer summit
2 Jun: Presentation of the OLAF Report for 2014
2 Jun: Commission to unveil results of consultation on the EU Urban Agenda
3 Jun: Constructions standards – Standardisation Summit 2015
3-5 Jun: Green Week 2015: Nature – our health, our wealth
7-8 Jun: The EU at the G7 summit in Germany
The Week Ahead
Long-term diary