ECB to decide on inflation response this week — — -Brussels (Brussels Morning) The European Central Bank (ECB) is to decide on the EU’s inflation response later this week as markets expect interest rates to rise.
Investors want the ECB to explain what rising energy prices and global supply chain disruptions mean for the bank’s expansive monetary policies and record-low interest rates, Reuters reports.
The ECB is to decide on its coronavirus crisis stimulus in December, but is not expected to scrap its dovish policy stance.
EU partnerships — Another door opens to our future — — -Brussels (Brussels Morning) Last week, the European Parliament gave its final and emphatic approval to the new generation of Horizon Europe partnerships. They are nine in total and they constitute a key pillar of the Horizon Europe research and innovation programme.
These investments total over 20 billion euro. At least half of them are supported by private partners.
European Parliament look ahead — asylum and migration, organised crime, digital rules, cybersecurity — — -Brussels (Brussels Morning) This week, the European Parliament gathers in committee meetings, in discussions about the misuse of EU agriculture funds in Slovakia, asylum and migration and the financial impact of organised crime. MEPs will also debate legal migration, EU digital rules and EU-level cybersecurity developments.
Turkey to expel 10 Western ambassadors — — -Brussels (Brussels Morning) Turkey’s President Recep Erdoğan announced on Saturday that he had instructed the Ministry of Foreign Affairs to expel 10 Western ambassadors.
The ambassadors represent countries that last week demanded the release of philanthropist Osman Kavala, Reuters reported on Sunday.
Education is a lifeline for Palestine refugees — — -Brussels (Brussels Morning) Everyone has the right to education, including Palestine refugees. Access to education is a window of hope and opportunity for over half a million girls and boys attending UNRWA schools. Yousef, a 4th-grade pupil at UNRWA Marka Co-educational School in Amman, has learning difficulties.
France to offer 100 euro subsidy to poorer households — — -Brussels (Brussels Morning) France’s Prime Minister Jean Castex has announced that the state is to hand out a 100-euro “inflation premium” to all French households with monthly income below 2,000 euros, in a move designed to ease the impact of energy price inflation on the country’s most vulnerable citizens.
The Biden Administration, COP26 and the Role of Smaller States — — -New York (Brussels Morning) Unlike any American president before him, Joe Biden has placed the fight against climate change at the centre of US domestic and foreign policies. The Democrat has pledged unprecedented funding for the fight in his spending bills and appointed a full-time climate czar, former Secretary of State John Kerry, to his cabinet to coordinate policy.
Portuguese government aims to make gig workers employees — — -Brussels (Brussels Morning) Portugal’s socialist-led government approved a bill on Thursday which would force digital gig economy platforms like Uber or Glovo to employ some of their drivers and delivery personnel on a full-time basis, complete with formal work contracts and the full range of associated benefit entitlements.
Germany backs initiative to launch EU reaction force — — -Brussels (Brussels Morning) Germany and four other EU countries have launched an initiative to expand the Union’s military capabilities, claiming such a development to be necessary in view of the bloc’s inability to act during the fall of Afghanistan.
According to the German press agency dpa, Germany has joined Finland, the Netherlands, Portugal and Slovenia in the drive to expand the existing concept of EU battle groups, which have never been deployed.
Economists expect ECB to raise interest rates in 2024 — — -Brussels (Brussels Morning) Economists who took part in a Reuters poll expect the European Central Bank (ECB) to increase interest rates in 2024.
They suggested that the ECB will be among the last major central banks to up interest rates after the coronavirus crisis, according to Reuters reporting.
The surveyed economists did indicate that there is a possibility that the rate rise could happen sooner.