17 Nov 2015
EUROPEAN COMMISSION DAILY NEWS – 17 NOVEMBERBrussels Daily
Commission adopts Opinions on the 2016 Draft Budgetary Plans of euro area Member States
The European Commission has completed its assessment of the Draft Budgetary Plans (DBPs) for 2016 that euro area Member States submitted by 15 October. With these Opinions, the Commission assesses the compliance of the Draft Budgetary Plans for the following year with the provision of the Stability and Growth Pact (SGP). No DBP for 2016 has been found in particularly serious non-compliance. In several cases, however, the Commission finds that the planned fiscal adjustments fall short, or risk doing so, of what is required by the SGP. In addition to the country-specific analyses, and based on the Member States’ budgetary plans, the Commission assessed the budgetary situation and fiscal stance in the euro area as a whole. The Commission also prepared reports on Bulgaria, Denmark and Finland under Article 126(3) of the Treaty on the Functioning of the European Union (TFEU), analysing the breach of the deficit target and, in the case of Finland, the debt criterion. In all three cases, the reports conclude that the deficit and, where applicable, the debt criterion of the Treaty are considered as currently complied with. Vice-President Dombrovskis, said: “In recent years, we have improved how we coordinate economic policy across the EU. Efforts to pursue more responsible budgetary policies, lower interest rates and the ongoing moderate recovery underpin the continuing decline in public deficits, which fell from 2.4% of GDP in 2014, to 1.9% this year and it is planned to decline further to 1.7% in 2016. For the first time since the beginning of the crisis, we see debt starting to fall too. Still, the picture varies from country to country and the problem of high debt is still holding back a faster recovery. It is important for governments to continue implementing responsible fiscal policies and for others to continue cleaning up their public finances.” Commissioner Moscovici added: “Three years into the implementation of the euro area’s new budgetary framework, most countries are compliant or broadly compliant with the requirements. The euro area continues to improve its public finances, helped along by a strengthening economic recovery.” A press release is available in all EU languages. A memo provides detailed information on the documents presented today. The speaking points of Vice-President Dombrovskis and of Commissioner Moscovici are available online.
Commissioner Arias Cañete attends the 2015 International Energy Agency (IEA) Ministerial meeting in Paris
On 17-18 November 2015, Ministers from the 29 IEA member countries and nine partner countries (Brazil, China, India, Indonesia, Mexico, Morocco, the Republic of South Africa and Thailand) will attend the 2015 IEA Ministerial meeting in Paris. Climate Action and Energy Commissioner Miguel Arias Cañete will head the EU delegation at the meeting on the theme “Innovation for a Clean, Secure Energy Future”. The meeting will address the evolving role of the IEA in global energy security, looking at how to strengthen energy security in the context of climate change given the shift in energy demand to IEA partner countries. It will also focus on the need to increase private and public support for energy technology innovation. Ahead of the Paris Climate Conference COP 21 the ministerial meeting is expected to adopt the Energy and Climate Change Statement. In the margins, Commissioner Arias Cañete will meet Mr Jim Carr, Minister of Natural Resources of Canada and Ms Doris Leuthard, Head of the Federal Department of Environment, Transport, Energy and Communications of Switzerland. He will also participate in a hearing at the French Senate’s Parliamentary Commissions of European Affairs and Sustainable Development on the upcoming UN climate conference in Paris.
- Union for the Mediterranean: Ministers come together to strengthen regional cooperation in maritime economy
- Statement of Commissioner Andriukaitis on the occasion of European Antibiotic Awareness Day
- Five projects from Germany, Lithuania, The Netherlands, Spain and Sweden win first ever European Broadband Awards
|Read today’s edition in full: Daily News 17 – 11 – 2015|