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EU interesting latest news

PRESS

European Council      1/6/2018 Letter of congratulations from President Donald Tusk to Giuseppe Conte on his appointment as Prime Minister of Italy On behalf of the European Council, I congratulate you on your appointment as President of the Council of Ministers of the Italian Republic. Your appointment comes at a crucial time for Italy and the entire European Union. To overcome our common challenges, we need unity and solidarity more than ever. I strongly believe that our community will only flourish when based on respectful dialogue and loyal cooperation, which I will do my best to ensure. I look forward to working with you at the European Council and the G7. Letter of congratulations from President Donald Tusk to Prime Minister Giuseppe Conte Council of the European Union      1/6/2018 Joint declaration by the African, Caribbean and Pacific group of states and the EU on climate change We, the ACP-EU Council of Ministers, Representing 107 countries from Africa, the Caribbean, the Pacific and the European Union, committed to the United Nations 2030 Agenda for Sustainable Development; Guided by the ACP-EU Partnership Agreement; In pursuit of the full and effective implementation of the United Nations Framework Convention on Climate Change and the Paris Agreement; Committed to the attainment of the long term goals of the Paris Agreement for development, prosperity and security of our planet and people; Acknowledging the increasing frequency and severity of climate-related disasters that have affected many ACP Countries, such as tropical cyclone Gita in the Pacific, hurricanes Irma and Maria in the Caribbean, and the recent drought in the Horn and Southern part of Africa: Note with serious concern that the current aggregate effects of Nationally Determined Contributions (NDC) are not sufficient to bring us on a pathway towards the long-term goal of holding the increase in the global average temperature to well below 2oC above pre-industrial levels and pursuing efforts to limit it to 1.5 °C. Reaffirm our existing commitments to strengthen the global response to the threat of Climate Change from all countries. Acknowledge the urgent need to create enabling environments through regulatory frameworks and to invest in further transformational changes. Recognise the efforts of many countries towards the implementation of the Kyoto Protocol and encourage those countries that have not yet done so, to ratify the Doha Amendment. Appreciate the growing global momentum to accelerate the transition to low greenhouse gas emissions development and climate resilient economies, and support the continued efforts of the ACP and EU countries in this regard, including regional, national, and non-state actors; note that parties are invited to prepare long-term strategies by 2020; also note the enhanced international cooperation on the mitigation of and adaptation to Climate Change, inter alia through the NDC Partnership and the InsuResilience Global Partnership. Look forward to further evidence from the Intergovernmental Panel on Climate Change and in particular the Special Report on Global Warming of 1.5oC above pre-industrial levels and related greenhouse gas emission pathways. Welcome the launch of the Talanoa Dialogue to take stock of the collective efforts of Parties in relation to progress towards the long-term temperature goal and to inform the preparation of Nationally Determined Contributions pursuant to Article 4.8 of the Paris Agreement. Call on the Ad Hoc Working Group on the Paris Agreement to accelerate the completion of its work programme in order to fulfil its mandate at the twenty-fourth session of the Conference of the Parties (COP 24) in Katowice, Poland (3-14 December 2018). Stress that the agreed rule book for the implementation of the Paris Agreement should: Be robust and comprehensive, and preserve the integrity of the Paris Agreement; Cover all aspects of mitigation, adaptation and the means of implementation and support in a tailored and balanced manner, in accordance with the mandate of the Paris Agreement; Be applicable to all Parties; and Provide a common transparency framework for tracking progress, with built-in flexibility to take into account different capacities and build upon collective experience. Recall that the Paris Agreement will be implemented to reflect equity and the principle of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances. Welcome the decision of the Twenty-third session of the Conference of the Parties (COP 23), to organise the Suva Expert Dialogue, to explore a wide range of information, inputs and views on ways to facilitate the mobilisation and securing of expertise and enhancement of support, including finance, technology and capacity building, for averting, minimising and addressing loss and damage associated with the adverse effects of climate change, including extreme weather events and slow onset events. Express our gratitude and support to the current Fijian and incoming Polish Presidencies. Welcome the launch of the Intra-ACP Global Climate Change Alliance Plus Programme (2018-2022), an initiative of the ACP Group of States funded with 70 million EUR from the European Development Fund, to support ACP Member States to better address climate change. Welcome also the Intra-ACP Climate Services Programme, an initiative of the ACP Group of States, funded with 85 million EUR, also from the European Development Fund, to strengthen the capacities of regional hydro-meteorological organisations to take advantage of the full and open access to high-resolution data and value-added information from the EU’s Earth Observation Programme, Copernicus. Reiterate our commitment to build on our joint efforts that support ambitious climate action and to seek further opportunities to work together and mobilise further investment towards the full and effective implementation of the United Nations Framework Convention on Climate Change and its Paris Agreement. Affirm our intention to intensify our collaborative work in the international arena on specific common interests with particular focus on UNFCCC COP 24 to be held from 3–14 December 2018, in Katowice, Poland. Γνωμοδότηση - Κοινοί κανόνες για ορισμένες συνδυασμένες εμπορευματικές μεταφορές μεταξύ των κρατών μελών - PE 618.208v02-00 - Επιτροπή Περιβάλλοντος, Δημόσιας Υγείας και Ασφάλειας των Τροφίμων 01-06-2018 03:40 PM CEST ΓΝΩΜΟΔΟΤΗΣΗ σχετικά με την οδηγία του Ευρωπαϊκού Κοινοβουλίου και του Συμβουλίου για την τροποποίηση της οδηγίας 92/106/ΕΟΚ σχετικά με τη θέσπιση κοινών κανόνων για ορισμένες συνδυασμένες εμπορευματικές μεταφορές μεταξύ των κρατών μελών Επιτροπή Περιβάλλοντος, Δημόσιας Υγείας και Ασφάλειας των Τροφίμων Michel Dantin Πηγή : © Ευρωπαϊκή Ένωση, 2018 - EK

IMF latest news

JUST LAUNCHED: JUNE 2018 ISSUE

The Long and Short of the Digital RevolutionSmart policies can alleviate the short-term pain of technical disruption Martin Mühleisen Going CashlessThe governor of the world’s oldest central bank discusses his country’s shift toward digital moneyStefan Ingves Monetary Policy in the Digital AgeCrypto assets may one day reduce demand for central bank moneyDong He A Regulatory Approach to FintechWe must guard against emerging risks without stifling innovationChristine Lagarde What Are Cryptocurrencies?A potential new form of money offers benefits while posing risksAntoine Bouveret and Vikram Haksar Lucre’s AllureThroughout time, new currency has been associated with mystical qualities, and Bitcoin is no exceptionHarold James A Short History of Crypto EuphoriaAn eminent economist’s taxonomy of bubbles is applied to the latest financial fadAndreas Adriano The Industrialization of CybercrimeLone-wolf hackers yield to mature businessesTamas Gaidosch Land of the Rising RobotsJapan’s combination of artificial intelligence and robotics may be the answer to its rapidly shrinking labor forceTodd Schneider, Gee Hee Hong, and Anh Van Le ALSO IN THIS ISSUE Piercing the VeilSome $12 trillion worldwide is just phantom corporate investmentJannick Damgaard, Thomas Elkjaer, and Niels Johannesen  Sherlock of TradeBruce Edwards profiles John Bates Clark Medal winner David Donaldson

READ THE FULL ISSUE

Most Read Blogs in May

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Volatility Strikes Back

The bouts of volatility in early February and late March that spooked investors were confined to equity markets. Nevertheless, they illustrate the potential for sudden market moves to expose fragilities in the financial system more broadly. All this could lead to a period of renewed volatility.

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Technology and the Future of Work

Many feel anxious about the impact of new technology on their jobs. This is not new. In fact, it dates back at least to the Luddites movement at the outset of the Industrial Revolution. And it resurfaced during the Great Depression and again in the 1960s, following a period of high productivity growth, and in the 1980s at the outset of the IT revolution. How can governments help? By investing in peoples’ skills

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Creating a Better Global Trade System

Recent news on global trade has tended to focus on protectionist measures and diplomatic tensions. These challenges have raised concerns over growth and jobs across the world.Yet what is often lost in the current discussions is that we are entering a new era of trade—an era in which data flows are becoming more important than physical trade.

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Trust and the Future of Multilateralism

We live in an era of doubts and questions about the global order. We have seen an erosion of trust in bedrock institutions—political parties, national governments, regional authorities, and among international trade and investment partners. We often throw around the word trust rather loosely. Where trust exists and is reciprocated—where there is “confidence” in policies, institutions and systems—economies will achieve more.

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Latin America and the Caribbean in 2018: An Economic Recovery in the Making

Recent trends in the world economy and financial markets are good news for Latin America. Global growth and trade are on an upswing, and we expect the momentum to continue in 2018. Stronger commodity prices have also helped the region rebound. Benefiting from these better global conditions, Latin America’s economic recovery is gaining momentum too, as recessions in a few countries come to an end (Brazil, Argentina, and Ecuador). Chart of the Week: Distribution of Globalization’s Gains 05/31/2018 09:20 AM EDT While globalization is generally good for economic growth, the benefits are subject to diminishing marginal returns, according to a recent study of 147 countries from 1970 to 2014. The study looks at how globalization affects the distribution of incomes across and within countries. The IMF Working Paper The Distribution of Gains from Globalization, by Marina Mendes Tavares and Valentin F. Lang, reveals that in rich economies, globalization still represents a source of economic growth, but the expected gains are lower than in poor and emerging market economies, where globalization increases economic well-being and reduces poverty.