New deal for energy consumers - EUbusiness Week newsletter 713 - EUbusiness.com

EUbusiness Week 713 top stories: ECB, Eurogroup give Greece breathing space after vote; British PM wants EU employment law exemption: reports; Euro-MPs agree air passenger data collection; Mauritania and EU sign fishing accord; ECB says bank sector on the mend; EU opens anti-trust probe into Qualcomm

Publisher’s Note

The Commission unveiled a new deal for energy consumers this week with proposals that included a redesign of the European electricity market, updating energy efficiency labelling, and revising the EU Emissions Trading System.

The package reflects an urgency to move to a low-carbon economy, and marks an important step towards enshrining the EU’s target of at least 40% emissions cut by 2030 into law.
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Summer service: EUbusiness now moves to its usual reduced service over the summer. Newswires start again in September. You can keep up-to-date by subscribing to our RSS news feed at
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Regards,

Nick Prag
Publisher, EUbusiness

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1. ECB, Eurogroup give Greece breathing space after vote

Eurozone ministers approved the launch of Greece bailout talks and the ECB boosted its cash lifeline to the crisis-hit country Thursday after lawmakers in Athens grudgingly passed the tough reform package demanded by creditors.
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Early Greek vote inevitable after Syriza mutiny: analysts

2. British PM wants EU employment law exemption: reports

Prime Minister David Cameron is seeking a British exemption from EU employment laws as part of his push to gain more autonomy from Brussels, say newspapers.
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3. Euro-MPs agree air passenger data collection

The European Parliament has approved plans to collect EU passenger data, a measure sought by the United States after years of controversy over how to protect personal information while fighting terrorism and serious crime.
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4. Mauritania and EU sign fishing accord

Mauritania and the European Union have announced they have signed a “win-win” fishing accord after 16 months of heated debate on the EU’s financial contribution.
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5. ECB says bank sector on the mend

Europe’s battered financial sector is showing further signs of mending and banks are increasingly competing for custom by lowering credit standards, a key European Central Bank survey showed on Tuesday.
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6. EU opens anti-trust probe into Qualcomm

The EU has launched an anti-competition probe into US computer chip giant Qualcomm, the latest of a series of investigations into top American companies.
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EUROPEAN LAW

Bosnia: legislators in Bosnia’s semi-autonomous Serb entity have backed the holding of a referendum on whether to continue to recognise the state court system, says Fena news agency.
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Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions

Council Watch

Iran: the EU on Wednesday extended a freeze on sanctions targeting Iran for six months after major powers clinched a historic nuclear deal.
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Dutch finance minister Dijsselbloem re-elected Eurogoup head
Britain to resist contributing to Greek bailout
Merkel explains ‘tough’ asylum policies to crying girl
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Commission Watch

Cyprus: Commission President Jean-Claude Juncker praised Cyprus Thursday for its budding economic recovery after harsh bailout terms saved the eurozone member from meltdown.
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EU wins deal to end Macedonia political crisis
EU pledges EUR 450m for Ebola recovery in west Africa
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Parliament Watch

Circular economy: xxxxxxxxxxxxxxxxxx.
In committee this week, MEPs objected to a draft law allowing national bans on GMO imports; called for a binding scheme to distribute asylum seekers in the EU; and called for more ambitious national caps on emissions of six main pollutants, such as sulphur dioxide, particulate matter and nitrogen oxides, in order to cut emissions by 70% across the EU and save EUR 40bn in air pollution costs by 2030.
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EU diary

17 Jul: Food safety and nutrition in 2050
The Week Ahead
Long-term diary