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Friday, 15 September 2017

EU Commission: North Korea: EU aligns its lists of sanctioned people and entities with the latest UN Security Council...

North Korea: EU aligns its lists of sanctioned people and entities with the latest UN Security Council resolution

The Council has added 3 entities, the Propaganda and Agitation department, the Central Military Commission of the Worker's Party of Korea and the Organisation and Guidance department, as well as one person to the lists of those subject to an asset freeze and  travel restrictions, transposing part of the new sanctions imposed by UN Security Council resolution 2375 (2017).

This resolution was adopted on 11 September 2017 in response to the Democratic People's Republic of Korea (DPRK)'s ongoing nuclear-weapon and ballistic missile-development activities, in violation and outrageous disregard of previous UN Security Council resolutions.

The decision brings the total number of persons under restrictive measures against the DPRK to 63 persons and 53 entities as listed by the UN. In addition, 41 persons and 6 entities are designated by the EU autonomously.

The Council will work on the swift transposition of the other sanctions included in UN Security Council resolution 2375. This reflects the approach agreed at the informal meeting of EU foreign ministers in Tallinn on 7 September, which also emphasises the need to work for the implementation of all UN Security Council resolutions by all UN states.

The EU implements all UN Security Council resolutions adopted in response to the DPRK's nuclear programmes and nuclear weapons, other weapons of mass destruction and ballistic missile programmes. In addition, the EU has imposed autonomous restrictive measures against the DPRK, complementing and reinforcing the UN sanctions regime.

The legal acts were adopted by written procedure. They will be published in the Official Journal of 16 September.

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EIB to finance construction of 524 energy efficient rented social housing units in Navarre with EUR 40 million loan under Juncker Plan

The agreement was signed in Pamplona today by EIB Vice-President Román Escolano and the President of the Navarre Region, Uxue Barkos. The ceremony was also attended by Pablo Zalba, CEO of ICO, the institution working with the EIB to implement the Investment Plan for Europe in Spain. 

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FEIS : la BEI finance la première usine de titane aéronautique par recyclage en Europe

La société UKAD, L'Agence De l'Environnement et de la Maîtrise de l'Energie et le Crédit Agricole Centre France ont inauguré ce jour à Saint‐Georges-de‐Mons (Puy-de-Dôme) le site EcoTitanium. Première usine européenne d'élaboration de titane de qualité aéronautique par recyclage, EcoTitanium produit des alliages à partir de chutes et copeaux de titane collectés chez les grands constructeurs aéronautiques et leurs sous-traitants. 

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Remarks by Jeroen Dijsselbloem following the Eurogroup meeting of 15 September 2017

Welcome to this Eurogroup press conference. We had a short meting today in the Eurogroup. First of all, I want to thank the Estonian Presidency of course for their hospitality and for allowing us to be in this very inspiring surroundings.

Let me first make a remark on the ongoing economic recovery. I'm not sure whether we should even talk about recovery anymore. In the Eurozone, growth keeps picking up, it is set to remain robust, it's broad-based, it's across all our countries. Of course, risks remain and work needs to be done to deal with those risks, but confidence is ever increasing and I think that's hugely welcome.

We started our first meeting after the summer break with a discussion  on how to make our monetary union more resilient , which is vital for its sound functioning. The discussion took place about what is the responsibility of member states and what is the responsibility of the monetary union or the European Union, and I think reducing vulnerability. There are 3 aspects regarding resilience. First of all, of course, how we can make sure that we are less vulnerable to economic shocks. Secondly, how we can increase the absorption capacity. So this is how when the economic shock occurs, how it is being dealt with, absorbed, by institutions, by markets, by households, by companies. And thirdly, about enabling a faster economic recovery after a shock. And that, of course, is one of the lessons learnt from the crisis. We were much too slow in absorbing the shocks. We weren't ready and fit to absorb the shocks, neither on the private nor on the public side, and it took a very long time to recover. Certainly, if you compare for example to how the US recovered from the crisis. So the three phases: reducing vulnerability before the shocks, absorption of the shock when it occurs, and having a fast recovery after the shock. Those were the elements discussed.

It is of course an umbrella issue, because when you get into it, it is again about the kind of structural reforms needed at national level, finishing the banking union, completing capital markets union so markets can absorb more shocks, improving our governance and institutional frameworks, both national and European. Many of those topics we will also return to today, tomorrow, in the coming months when we discuss the future of the monetary union. 

So we will build on today's discussion, bringing the topics back on our agenda in the coming weeks, putting it in the work programme of the Eurogroup, and start work this autumn on topics that are right in front of us, like finishing the banking union - the Commission already has proposals on the table -, doing more work on the capital markets union where proposals are on the table, while we discussed the future elements of the monetary union.

Second topic today was the state of play in Greece, the planning for the third review in Greece.

We got a report from the institutions on topics that are being worked on at the moment. Technical teams are at the moment in Athens, fact-finding and preparing the grounds, so that later on the third review can get off to a quick start. The idea is to finish that before the end of the year. More work needs to be done of course on a number of issues some of which were already mentioned today.

A sign that Greece has come a long way is the proposal to abrogate the excessive deficit procedure, which we welcomed today and is expected to be adopted by the Council later this month.

We also addressed ongoing court cases against the previous director of Elstat. Let me underline here again that, across the room in the Eurogroup, great concern was expressed about the ongoing court cases, the effect that it has internationally on the confidence in Greece and the process of modernisation in Greece, including the independence, of course, of Elstat itself. That concern was underlined and stressed. But of course the judicial procedures will go their independent ways. 

I'll stop here and pass the floor to the Commission. 

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Juncker: 'I don't intend to force countries to join the euro if they are not willing or not able to do so'

European Commission - Statement Brussels, 15 September 2017 Jean-Claude Juncker, the President of the European Commission, defended his proposal to expand the eurozone. All EU Member States should have the possibility – as required by the EU Treaties – to introduce the euro, but no one would be forced to do...

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