05 Dec 2018
EUROPEAN COMMISSION DAILY NEWS – 05 DECEMBERBrussels Daily
Brexit: European Commission begins procedure for the signature and conclusion of the agreement on the UK’s withdrawal from the EU
Following the endorsement by the European Council (Article 50) on 25 November 2018 of the draft Withdrawal Agreement – as completed at negotiator level on 14 November 2018 – the European Commission has today adopted two proposals for Council decisions on the signature and conclusion of the text. These proposals launch the formal process necessary for the EU to conclude the Withdrawal Agreement and follow the European Council (Article 50) conclusions, which invited the Commission to “take the necessary steps to ensure that the agreement can enter into force on 30 March 2019, so as to provide for an orderly withdrawal.” The Council must now authorise the signature of the Withdrawal Agreement on behalf of the Union. The European Parliament must then give its consent before being concluded by the Council. To enter into force, the Withdrawal Agreement will, of course, also have to be ratified by the United Kingdom, in accordance with its own constitutional requirements. Today’s proposals are available online. For more information on the Withdrawal Agreement and the Political Declaration, see here
COLLEGE MEETING: Commission presents ways to further strengthen the euro’s global role
In his State of the Union Address in September 2018, President Juncker highlighted the strategic importance of the euro and the need to ensure that the single currency can play its full role on the international scene. Supported by upcoming decisions to strengthen Europe’s Economic and Monetary Union, complete the Banking Union and advance on the Capital Markets Union, the euro needs to develop its global role and fully reflect the euro area’s political, economic and financial weight. To this end, the Commission in a Communication today outlines the benefits of such a strengthened international role of the euro for the EU and the international financial system, and proposes initiatives to boost the role of the single currency. As part of this effort, the Commission has adopted a Recommendation on the international role of the euro in the field of energy, promotinga wider use of the euro in this strategic sector. A press release, including quotes, memo and factsheet are available online.
EUROSTAT: October 2018 compared with September 2018 – Volume of retail trade up by 0.3% in euro area – Up by 0.1% in EU28
In October 2018 compared with September 2018, the seasonally adjusted volume of retail trade increased by 0.3% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September, the retail trade volume decreased by 0.5% in the euro area and by 0.3% in the EU28. More information here