Wed, 22 Feb 2012 00:00:00 +0100

Economy, finance and tax

Hungary risks losing EU funding over excessive deficit

The Commission proposes suspending €495m in cohesion funding from next year unless Hungary takes the necessary measures to address its deficit, forecast to reach 3¼% of GDP in 2013.


Tue, 21 Feb 2012 00:00:00 +0100

Business

Exempting micro-enterprises from publishing annual accounts

New rules adopted by Council allow EU countries to exempt very small companies from accounting and financial reporting obligations.


Tue, 21 Feb 2012 00:00:00 +0100

Economy, finance and tax

Short selling: more transparency and stricter rules

The Economic and Financial Affairs Council adopted new rules for short selling and certain aspects of credit default swaps.


Tue, 21 Feb 2012 00:00:00 +0100

Euro

Agreement on a new programme to secure Greece's future in the eurozone

Euro area finance ministers agree on the second programme for Greece, which comprises significant additional efforts from both private and official sector creditors and enhanced surveillance.


Mon, 20 Feb 2012 00:00:00 +0100

Business

Debate launches on future of EU company law

The online public consultation is seeking views on whether today’s needs are still met by the existing rules and how the rules could be improved or updated. The deadline for comments is 14 May 2012.


Mon, 20 Feb 2012 00:00:00 +0100

Governance

The new frontier of Smart Regulation

At the Competitiveness Council ministers adopted conclusions on a future smart regulation agenda with a strong end-user focus, following an invitation by the European Council "to further concentrate efforts to reduce the overall regulatory burden.


Fri, 17 Feb 2012 00:00:00 +0100

External relations and foreign affairs

EU lifts certain sanctions on Burma/Myanmar

Following political reforms undertaken by the country, the Council lifts the admission restrictions imposed on 87 persons including the president and vice presidents. They remain subject to an asset freeze within the EU.