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Monetary developments in the euro area: May 2021

Annual growth rate of broad monetary aggregate M3 decreased to 8.4% in May 2021 from 9.2% in April Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 11.6% in May from 12.3% in April Annual growth rate of adjusted loans to households stood at 3.9% in May, compared with 3.8% in April […]

Kásler: Hungarian, Croatian Governments Support Ethnic Minorities

Both the Hungarian and the Croatian governments spare no effort to enable their ethnic minorities to provide the fullest possible education for their children, Miklós Kásler, Hungary’s human resources minister, told a press conference in Zagreb on Thursday after talks with Radovan Fuchs, Croatia’s minister of education and science.

ECB publishes consolidated banking data for end-December 2020

Total assets of EU-headquartered credit institutions (excluding United Kingdom) increased by 8.23%, from €27.19 trillion in December 2019 to €29.43 trillion in December 2020 EU non-performing loans ratio[1] (excluding United Kingdom) declined by 0.17 percentage points year on year to 2.58% over the same period EU average return on equity[2] was at 2.30% and Common Equity Tier 1 ratio[3] was at 15.80% […]

The grant without conditions as to resources of a right of residence by a Member State to Union citizens

Advocate General Richard de la Tour: The grant without conditions as to resources of a right of residence by a Member State to Union citizens cannot have the effect of systematically excluding them from social assistance granted to nationals of that State without constituting discrimination based on nationality.

A Member State is not obliged to limit the extent of the areas in which one specific operator is entitled to carry out prospection

Advocate General Hogan: a Member State is not obliged to limit the extent of the areas in which one specific operator is entitled to carry out prospection, exploration and production of hydrocarbons, such as petroleum and natural gas.