• Banks should be tested on more severe shocks

      Banks should be tested on more severe shocks

      The European Banking Authority (EBA) is the Union's body mandated with tasks such as building a single regulatory and supervisory framework for the entire EU banking sector, but also assessing risks and vulnerabilities in this field. Set up in 2011, every second year the authority is carrying out regular risk assessment reports and pan-European stress tests to evaluate banks' resilience to shocks such as a severe recession, stock-market crash or a loss of confidence.

    • Parliamentary groups quiz the EC President-designate

      Parliamentary groups quiz the EC President-designate

      In preparation for the big debate and vote on the new Commission President, on 16 July, during the European Parliament plenary in Strasbourg, the candidate to succeed Jean-Claude Juncker, Ursula von der Leyen, spent long hours in the EP in Brussels during the last days, holding a series of meetings with parliamentary groups. She also took part in the sitting of the extraordinary Conference of Presidents.

    • Migrant entries into Europe up

      Migrant entries into Europe up

      The number of illegal border crossings on Europe’s main migratory routes rose by 6% to around 8,300 compared to the previous month, EU's border and coast agency, Frontex, said Thursday. From the previous month the Western Mediterranean route near Spain saw a rise of 55% from the previous month to almost 2,350, with nationals of Morocco, Mali, and Algeria accounting for the largest number of migrants who used it.

    • Boosting European innovation arena

      Boosting European innovation arena

      The European Institute of Innovation and Technology (EIT) will have a budget of €3bn for the 2021-2027 programming period, which is an increase of €600m or 25% compared to the current one, according to the Commission's proposal tabled last Thursday. It aims to align the EIT with the next research and innovation programme Horizon Europe (2021-2027) delivering on the Commission's commitment to further boost Europe's innovation potential.

    • Judge me not by my name

      Judge me not by my name

      He is coming from a well-known family with long tradition in Greek politics. His father was among the founders of the New Democracy conservative party and served as the country's PM in the 1990s. His sister served as Greece's foreign minister and mayor of Athens in the 2000s, and his nephew was recently elected mayor of the Greek capital. Yet, in the last years he was among the most underestimated politicians in Greece. Until last Sunday.

    • Growth hindered by external factors

      Growth hindered by external factors

      The European economy is set for its seventh consecutive year of growth in 2019, with all Member States' economies due to expand, the Commission stated in its Summer Economic Forecast released last Wednesday. The short-term outlook for the European economy, however, is clouded by external factors including global trade tensions and significant policy uncertainty. These have continued to weigh on confidence in the manufacturing sector, which is the most exposed to international trade, and are projected to weaken the growth outlook for the remainder of the year.

    • EU invests €35m in AI for cancer prevention

      EU invests €35m in AI for cancer prevention

      The European Commission launched on 9 July a call for proposals with €35m available to support the development of analysis of health images for cancer diagnostics based on Artificial Intelligence (AI), as well as other tools and analytics focused on the prevention, prediction and treatment of the most common forms of cancer.

    • Urgent meeting of JCPOA Commission called

      Urgent meeting of JCPOA Commission called

      European signatories of the Iran nuclear deal, Britain, Germany and France accused Iran on Tuesday of “pursuing activities inconsistent with its commitments” under the deal and called for an urgent meeting of the JCPOA Commission. In particularly, the EU trio said it is "deeply concerned" about Tehran’s decision to increase uranium enrichment level.