The former Eurogroup president and current mayor of Eindhoven is calling for European industrial policy to be guided by local excellence clusters. In an interview with Table.Briefings, Dijsselbloem argued that the proposed EU Competitiveness Fund and cohesion funds should in the future be channeled more strategically toward such “economic engines”.
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Initial data on trade diversion from China and other countries paints a mixed picture. Imports of Chinese industrial robots are rising especially sharply.
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Due to the slow implementation of the Corona Recovery Fund, the EU Commission fears that not all of the money can be used. It is proposing simplifications and shifts in funding. An extension of the deadline is out of the question.
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The EU Commission wants to boost the securitization market with a regulatory proposal scheduled for mid-June. Drafts now show that the Commission wants to reduce capital requirements and simplify the criteria for standardized securitizations.
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According to the latest Commission forecasts, the economic outlook is rather gloomy. However, the German infrastructure package should boost growth considerably.
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The EU Commission wants to reduce bureaucracy, especially for smaller companies. In return, more companies are to benefit from exemptions for SMEs in the future, for example with regard to data protection. Critics say the initiative does not go far enough.
By Till Hoppe
The Polish finance minister said at the finance ministers' meeting in Brussels that he expects an ambitious proposal from the Commission to promote securitization soon. He wants to reach an agreement on the joint defense financing instrument SAFE before the end of May.
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At the Eurogroup meeting in Brussels, the new German Finance Minister Lars Klingbeil emphasized the growth-promoting elements of the government's program. On the question of whether Germany will break the EU debt rules, he is playing for time.
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The EU Parliament wants to position itself on the reform of public procurement law by the summer. In the Employment Committee, the struggle for its own position has begun.
By Alina Leimbach
In a dramatic escalation of the trade conflict, the US President is imposing tariffs on all its trading partners. Commission President Ursula von der Leyen warned that the EU would apply countermeasures and would not accept dumping through trade diversion.
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