14 Sep 2018
EUROPEAN COMMISSION DAILY NEWS – 14 SEPTEMBERBrussels Daily
Commissioner Malmström in Argentina for G20 trade meeting
Trade Commissioner Cecilia Malmström is in Mar del Plata, Argentina, to participate in the G20 Trade Ministers meeting held there today and tomorrow. Ministers are meeting to discuss current global developments, with the aim of developing a positive agenda for international trade and investment and avoid a further escalation in trade tensions. Commissioner Malmström will discuss with Ministers how to address the root causes of present trade tensions and ways to tackle them, including strengthening and modernising the World Trade Organisation (WTO). The EU, along with many partners, wishes to see political support from the G20 to strengthen the WTO’s negotiating, monitoring and dispute settlement functions. At the sidelines of the G20 Ministerial, Commissioner Malmström is also meeting several Ministers for bilateral discussions. The G20 is made up of 19 countries and the European Union. More information about the Ministerial meeting is available on the website of the Argentine G20 Presidency.
Commissioner Thyssen at the first meeting of the High-Level Group on Pensions
Today, Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, attended the first meeting of the High-Level Group on Pensions, taking place in Brussels. The High-Level Group was set up in December 2017 by the Commission, with the aim to investigate challenges and recommend ways to improve the adequacy of pensions in Europe through the further development and strengthening of occupational and personal supplementary pensions. The Group consists of representatives of the social partners, experts from the academic world and the European Insurance and Occupational Pensions Authority, as well as stakeholders. In her speech kicking off this first meeting, Commissioner Thyssen said: “Europe is growing older. By 2060, the time we spend in retirement will be more than half of that spent in employment. Moreover, the rapid changes in the new world of work further challenge the adequacy and sustainability of our pension systems. While public pensions will remain the main pillar of retirement income, supplementary pensions become increasingly important. I look forward to the analysis and recommendations by the High-Level Group, which will help us to work on future-proof solutions.” The full speech can be found here. More information on the High-Level Group, including their activities and the outcomes of their meetings can be found here
Second quarter of 2018 – Annual growth in labour costs at 2.2% in euro area – At 2.6% in EU28
Hourly labour costs rose by 2.2% in the euro area (EA19) and by 2.6% in the EU28 in the second quarter of 2018, compared with the same quarter of the previous year. In the first quarter of 2018, hourly labour costs increased by 2.1% and 2.8% respectively. These figures are published by Eurostat, the statistical office of the European Union. More information here