Stock market quotes, forex, financial news, forex tools – money-investing.com

The European Commission announces the start of a new cycle of economic semesters

 Breaking News
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
  • A car rental service Hertz went bankrupt Hertz, the largest US car rental company, has filed for bankruptcy. The company was founded already in 1918. For a hundred years, Hertz has coped with the Great Depression, the...
  • Monday starts with the growth of oil prices The energy market started today’s trading session with the steady growth. Quotes are increasing on the signals about the recovery in demand and a decrease in production in the States....
The European Commission announces the start of a new cycle of economic semesters
December 18
09:00 2019

On Tuesday, a meeting of the European Commission took place in Strasbourg. The commissioners announced the start of a new cycle of economic semesters. This term refers to special tools with a strong tendency towards solving social and environmental problems.

Valdis Dombrovskis, EU Commissioner, said that a deep transformation of the economic model was underway. The demographic situation, climate problems and other signs of modern society are forcing the European Commission to revise its economic policy so that Europe does not lose its influence on the situation in the world, but acts stably and fairly.

Another public statement was made at the press conference. A European Commissioner Paolo Gentiloni said: “Starting today, we put climate change at the center of our economic governance. Because when we say that the plan for achieving carbon neutrality in the EU by 2050 is a new growth strategy in Europe, we have in mind this. “

It was also noted that the number of working Europeans is currently at a record high, but there are differences between them. The EC aims to facilitate access to the labor market in a rapidly changing world. The commissioners are proposing to invest even more in the adaptation of those people who find digital and “green” transition to be difficult.

Following the meeting, a communiqué was issued. The economic growth strategy is formulated as follows: the economy should work for people and the planet.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment