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Consolidated financial statement of the Eurosystem as at 10 May 2019

In the week ending 10 May 2019 gold and gold receivables (asset item 1) remained unchanged. The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 0.8 billion to EUR 286.7 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 […]

Record number of asylum applications by visa-free nationals

Applications for international protection from Latin American countries continue to increase   In March 2019, applications for international protection in the EU+ were significantly higher than a year ago, at 58,778 (+20 % compared to March 2018). This increase is partly due to the highest recorded number of applications by nationals exempt from visa requirements to enter the […]

Member States must require employers to set up a system enabling the duration of daily working time to be measured

The Spanish trade union, Federación de Servicios de Comisiones Obreras (CCOO), brought an action before the Audiencia Nacional (National High Court, Spain), seeking a judgment declaring Deutsche Bank SAE to be under an obligation to set up a system for recording the time worked each day by its members of staff. The union considered that […]

ECB amends monetary policy implementation guidelines

ECB amends monetary policy implementation guidelines ECB harmonises definition of agencies as issuers or guarantors of debt instruments Transparency requirements of EU Securitisation Regulation now part of collateral framework Use of rating tools to be phased out from general framework for monetary policy operations The European Central Bank (ECB) today published amendments to its guidelines […]

Euro money market statistics: second maintenance period 2019

Euro money market statistics: second maintenance period 2019 Daily average borrowing turnover in the unsecured segment increased from €124 billion in the first maintenance period of 2019 to €127 billion in the second Weighted average overnight rate on borrowing transactions in the unsecured segment decreased from -0.41% to -0.42% for the wholesale sector and increased from -0.41% […]

The Austrian system of remuneration and advancement of State officials and contractual public servants remains contrary to the prohibition of discrimination on grounds of age

As long as the Austrian legislature fails to take measures to re-establish equal treatment with regard to taking into consideration professional experience acquired before the age of 18, persons treated unfavourably by the old system are entitled to obtain the same advantages as their colleagues who are treated favourably by that system and in particular […]

Press release 56/19 Judgment in Case C 431/17 Monachos Eirinaios v Dikigorikos Syllogos Athinon

On 12 June 2015, Monachos Eirinaios (Monk Irenaeus), a monk at the Holy Monastery of Petra which is in Karditsa (Greece), requested the Dikigorikos Syllogos Athinon (Athens Bar Association, Greece; ‘the DSA’) to enter him on the special register of the Athens Bar as a lawyer having acquired that professional status in another Member State, […]