Global World

Economic, financial and monetary developments Overview At its meeting on 6 March 2025, the Governing Council decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. The disinflation process is well on track. Inflation has continued to develop broadly as staff expected, and the March 2025 ECB staff macroeconomic projections for the euro area closely align with the previous inflation outlook. Staff now see headline inflation averaging 2.3% in 2025, 1.9% in 2026 and 2.0% in 2027. The upward revision in headline inflation for 2025 reflects stronger energy price dynamics. For inflation excluding energy and food, staff project an average of 2.2% in 2025, 2.0% in 2026 and 1.9% in 2027. ...

The Schuman Declaration was presented by French foreign minister Robert Schuman on 9 May 1950.  It proposed the creation of a European Coal and Steel Community, whose members would pool coal and steel production. The ECSC (founding members: France, West Germany, Italy, the Netherlands, Belgium and Luxembourg) was the first of a series of supranational European institutions that would ultimately become today's "European Union".:  On 5 May 1949, at the signing of the Statute of the Council of Europe in London, the French Foreign Minister Robert Schuman calls for a revival of the European spirit and hails the dawn of new political cooperation in Europe. There have been - and still are - learned disputes as to the geographical bounds of Europe. But Europe cannot possibly wait for definition, for the end of that controversy; she does, in fact, define her own bounds by the will of her peoples. 🔗 https://european-union.europa.eu/principles-countries-history/history-...

Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism       The European Union has set itself the legal objective of becoming a climate-neutral and climate resilient continent by 2050 as enshrined in Regulation (EU) 2021/1119 on the [European Climate Law1.] These binding goals were specified in the Communications on the European Green Deal2 and on A Strong Social Europe for Just Transitions3, in which the Commission set the ambition to upgrade Europe’s social market economy to achieve a just transition to sustainability. In his report on ‘The Future of European Competitiveness’, Mario Draghi emphasised the need for Europe to create a regulatory landscape which facilitates competitiveness and resilience.4 In the Budapest Declaration on the New European Competitiveness Deal, EU Heads of State and Government called for ‘a simplification re...

● Brussels, 12 February 2025 The Commission has adopted its 2025 work programme, outlining its ambition to boost competitiveness, enhance security, and bolster economic resilience in the EU. It builds on the commitments set out in the Political Guidelines and the mission letters sent by President von der Leyen. The work programme focuses on the flagship initiatives the Commission will take in the first year of its mandate, responding to the issues that matter most to Europeans. It reflects the need for more opportunities, innovation, and growth for our citizens and businesses, ultimately fostering a more secure and prosperous EU. The newly proposed initiatives are laid out in a dedicated annex together with the evaluations and fitness checks announced today. A Communication on Implementation and Simplification accompanies the work programme. It sets out how the Commission plans, over the next five years, to make implementation of EU rules easier in practice, and to reduce administrativ...