Anyone legally residing in the EU would have the right to open a basic payment account, and no-one could be denied this right on grounds of nationality or place of residence, under a new law passed by Parliament. This law should also ensure that fees and rules for all payment
Tag: EP
Low interest rates will drive EU recovery
he reasons for the ECB's low long-term interest rate announcement last week, ways to boost lending to small firms and efforts to reduce the fragmentation of financial markets in the EU were among the issues debated with ECB President Mario Draghi by Economic and Monetary Affairs Committee MEPs on Monday. Low
Supporting artistic and cultural creation
Music and architecture, video games, crafts, design and fashion offer considerable growth potential which the EU should support and exploit, says a draft resolution voted by the Culture Committee on Tuesday. It calls for a stronger partnership with universities to equip young people with the requisite skills. It also advocates
Financial Transaction Tax
The Economic and Monetary Affairs Committee stood by its guns on Tuesday in supporting the Commission's proposal for a wide-scope financial transaction tax, with stocks and bond trades taxed at 0.1% and derivatives trades taxed at 0.01% in 11 EU countries. The committee proposed lower rates until January 2017 for
Progress on EU 2013 annual budget
Progress on EU 2013 annual budget The President of the European Parliament Martin Schulz, the Presidency of the Council of Ministers and the President of the European Commission met in Brussels on 6 May to discuss budgetary matters. They agreed on key points on the Draft Amending Budget 2013, which paves