Single Market Europe's best asset - EUbusiness Week newsletter 837 - EUbusiness.com

EUbusiness Week 837 top stories: Italy’s draft budget plans rejected again by Brussels; EU agrees screening of foreign direct investment; Union continues to strengthen defence capability; More needed on plastics recycling, EU tells industry; EU cuts deep-sea fishing quotas for 2019-20; Mental health issues cost EU 4 pct of GDP: report

Publisher’s Note

The Single Market is Europe’s best asset to generate growth and foster competitiveness of European companies in globalised markets, the Commission said in a Communication this week, assessing remaining barriers and opportunities for a fully functioning Single Market. While the survey paints a positive picture of EU economies, protectionist, populist measures and local rules remain, as EuroCommerce puts it. There is a need for ‘more political courage and determination than 25 years ago’, says the Commission, as well as ‘a renewed commitment by Leaders to all the dimensions of the Single Market’.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. Italy’s draft budget plans rejected again by Brussels

The Commission confirmed its rejection of Italy’s budget Wednesday, as it set out the EU’s economic and social priorities for 2019, and presented Opinions on EU states’ draft budgetary plans.
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2. EU agrees screening of foreign direct investment

“We are not naÃ�ve free traders” said EC president Jean-Claude Juncker as he welcomed agreement by the institutions on screening incoming foreign direct investment to ensure security.
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3. Union continues to strengthen defence capability

The Council underlined its desire to enhance its strategic autonomy and capacity to act as security provider Monday, agreeing a number of projects under its PESCO defence cooperation programme.
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4. More needed on plastics recycling, EU tells industry

The Commission is looking for more commitments from industry on plastics recycling, following a preliminary assessment of voluntary pledges received from industry.
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5. EU cuts deep-sea fishing quotas for 2019-20

Fisheries ministers agreed Monday total allowable catches and quotas for certain deep-sea stocks in the EU and international waters in the North-East Atlantic for 2019 and 2020.
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6. Mental health issues cost EU 4 pct of GDP: report

Mental health and preventing mental illness have not only social consequences. They are estimated to cost more than 4 per cent of GDP across the EU, reports the 2018 ‘Health at a Glance: Europe.
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EUROPEAN LAW

Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions

Council Watch

Free movement of goods – Draft Political Declaration Future Relationship between EU and UK – Law enforcement access to financial information – Screening of investments – Sanctions – 2019 budget no agreement – Deep-sea fish quotas 2019-2020 – European Defence Fund – Civilian Common Security and Defence Policy – Somalia training mission extended – Cyber defence: Council updates policy framework
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Commission Watch

State of Health in the EU – development of plant proteins in the EU – standardisation in the Single Market – Juncker Plan at work – Georgia-EU high-level meeting – European Semester Autumn Package – Mergers: EC approves acquisition of Shire by Takeda, subject to conditions – EU strategy on India – : Strengthened Schengen Information System – EU Trust Fund for Africa
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Parliament Watch

MEPs want to ensure funding for Connecting Europe’s future – Budget Committee backs EUR 2.3m aid to help 550 redundant media workers in Greece – MEPs wants to increase research funding to EUR 120 bn in 2021-2027 – EU-Japan relations: Foreign Affairs MEPs back Strategic Partnership Agreement – Foreign direct investment – Fertilisers/cadmium provisional deal – more flexibility and clarity for EU mobile workers – EU-wide protection and whistle-blowers – EU Budget 2019: no deal before the end of the conciliation period – Rule of law in Poland: debate with Timmermans and Polish government
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EU diary

26 Nov: Exploring gendered racist abuse
26 Nov: Galileo: critical component for autonomous driving?
26-27 Nov: European Parliament Committee Meetings
26-27 Nov: The future of mobility in European cities
26-27 Nov: Education, Youth, Culture & Sport Council
26 Nov: Foreign Affairs Council (Development)
26-27 Nov: Annual colloquium on fundamental rights
27 Nov: European Trade Policy Day 2018
27-28 Nov: High-level conference on drones
28 Nov: ‘Being black in the EU’ report launch
28 Nov: Postal framework: within and outside the EU
28-29 Nov: Connected and automated driving
28-20 Nov: European Parliament plenary session
29-30 Nov: Competitiveness Council
30 Nov: The effectiveness of justice systems
The Week Ahead
Long-term diary