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ECB amends monetary policy implementation guidelines

ECB phasing out secured marketable assets other than asset-backed securities, legislative covered bonds and multi-cédulas as collateral Application process and acceptance criteria for external credit assessment institutions clarified Amendments to treatment of breaches with respect to own fund requirements and reporting on capital ratios The European Central Bank (ECB) has today published amendments to its […]

Inauguration of the European Public Prosecutor’s Office

By common accord of 16 October 2019, the European Parliament and the Council of the European Union appointed Ms Laura Codruţa Kövesi as the first European Chief Prosecutor. In addition, by decision of 27 July 2020, the Council of the European Union appointed the first European Prosecutors of the European Public Prosecutor’s Office. In order […]

Advocate General’s Opinion in cases on payment of monetary debts

According to Advocate General Pitruzzella, EU law provides that creditors have an obligation in principle to accept cash in euros for the payment of monetary debts. The European Union and the Member States can, however, in exercising powers other than those relating to monetary policy, impose, under specific conditions, limits on the use of euro […]

New phone app reminds people to ‘mind the gap’ and socially distance

A new COVID-19 safety app developed in the UK uses ultrasound to monitor the distance between devices and help users maintain social distancing. The app is currently in a trial period with over 1,000 workers at one of the UK’s biggest rail firms testing the device. It works by emitting a distinctive beep when a […]

EU Cohesion policy: study calls for a strategic focus on quality projects and on removing administrative barriers to investments

The Commission published a study that aims to enhance the understanding of the Technical Assistance (TA) at the initiative of Member States during the 2014-2020 period. The report assesses the capacity of the public administrations to prepare, manage and implement EU Cohesion policy projects as well as to remove important barriers to investment. It calls on […]

Agriculture: the Commission approves new geographical indication from Hungary

The Commission has approved the addition of ‘Akasztói szikiponty’ from Hungary in the register of Protected Designation of Origin (PDO). ‘Akasztói szikiponty’ is a variety of carp with a light greyish golden-yello colour. They are reared in the municipalities of Akasztó and Dunatetétlen, in Southern Hungary. The quality of ‘Akasztói szikiponty’ is due not only to […]

Emmanuel Macron criticises Lebanese leaders’ ‘betrayal’ after PM steps down

French President Emmanuel Macron attacked Lebanese leaders and Hezbollah on Sunday, sharply criticising their failure to form a new government. He called the failure a “collective betrayal” and said that he was “ashamed” of Lebanon’s leaders. His criticism comes after Lebanon’s designated prime minister Mustapha Adib stepped down on Saturday citing a failure to develop […]

Libya: EU imposes additional sanctions for human rights abuses and arms embargo violations

The Council decided to impose targeted restrictive measures on two persons responsible for human rights abuses in Libya and three entities involved in violating the UN arms embargo in place for Libya. They will be added to the EU’s list of persons and entities subject to restrictive measures related to the Libyan conflict. The sanctions imposed comprise a travel ban and an asset freeze for […]