Brussels Daily
15 Jun 2015


Brussels Daily

Commissioner Hill is in Ireland to discuss ways forward for a single market of capital

Jonathan Hill, Commissioner for Financial Stability, Financial Services and Capital Markets Union is visiting Dublin on 15 June. He will meet Michael Noonan, Minister for Finance and Simon Harris, Minister of State responsible for International Banking. He also has a meeting with Patrick Honohan, Governor of the Central Bank of Ireland. The main focus of discussions will be the action plan which the Commission plans to put forward this autumn in order to develop a Capital Markets Union for all 28 EU Member States (see SPEECH/15/5137). In the afternoon, Commissioner Hill will have an informal meeting with the Oireachtas Joint Committee on Finance, Public Expenditure and Reform. During his visit, he will also give a speech at a conference organised by the Federation of International Banks in Ireland (FIBI) and he will address the Institute of International and European affairs.

EUROSTAT: In 2014, CO2 emissions in the EU estimated to have decreased by 5% compared with 2013

Eurostat estimates that in 2014 carbon dioxide (CO2) emissions from fossil fuel combustion decreased by 5.0% in the European Union, compared with the previous year. CO2 emissions are a major contributor to global warming and account for around 80% of all EU greenhouse gas emissions. They are influenced by factors such as climate conditions, economic growth, size of the population, transport and industrial activities. Various EU energy efficiency initiatives aim to reduce emissions of CO2 and other greenhouse gases. It should also be noted that imports and exports of energy products have an impact on CO2 emissions in the country where fossil fuels are burned: for example if coal is imported this leads to an increase in emissions, while if electricity is imported, it has no direct effect on emissions in the importing country, as these would be reported in the exporting country where it is produced. The Eurostat press release can be found here.

EUROSTAT: Euro area international trade in goods surplus €24.9 billion

The first estimate for euro area (EA19) exports of goods to the rest of the world in April 2015 was €173.6 billion, an increase of 9% compared with April 2014 (€159.6 billion). Imports from the rest of the world stood at €148.7 billion, a rise of 3% compared with April 2014 (€144.7 billion). As a result, the euro area recorded a €24.9 billion surplus in trade in goods with the rest of the world in April 2015, compared with +€14.9 in April 2014. Intra-euro area trade rose to €141.0 billion in April 2015, up by 2% compared with April 2014. The Eurostat press release can be found here. 

Read today’s daily news in full:  Daily News 15 – 06 – 2015

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