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Markets in Financial Instruments Directive: We don’t want a ‘quick fix’ that tries to exploit the Covid-19 crisis to deregulate financial markets

S&D - Socialists and Democrats

In a vote in the committee on economic affairs, the S&D Group abstained on the so-called Markets in Financial Instruments Directive (MiFID) quick fix. With this proposal, the European Commission aimed to make some amendments to MiFID regime, in order to address the impact of the Covid-19 crisis, to encourage investment in the real economy and free up resources for both firms and investors. 

Eero Heinäluoma MEP, S&D negotiator on the file, said:

Put the money where it matters! S&Ds reiterate support for InvestEU programme and its beneficiaries

S&D - Socialists and Democrats

Socialists and Democrats reiterated their support for European programmes that create quality, non-discriminatory jobs, in line with the Green Deal. In a joint vote in the committees on budgets and economic affairs, S&Ds called for more money for the InvestEU programme, one of the European Parliament’s 15 flagship initiatives included in the MFF negotiations.

Irene Tinagli MEP, S&D negotiator on the file, said:

EU-Mindestlohn braucht rote Linien statt unverbindlicher Kriterien

DIE LINKE. im Europaparlament

Die EU-Kommission stellte heute ihre Eckpunkte für eine geplante EU-Mindestlohn-Richtlinie vor. Dazu erklärt Özlem Alev Demirel, Mitglied im Ausschuss für Beschäftigung und soziale Angelegenheiten (EMPL) sowie sozial- und arbeitsmarktpolitische Sprecherin der LINKEN im Europaparlament:

CEEP on the minimum wages proposal: “Social Dialogue is always the best way to address issues impacting employers and workers”

CEEP - European Centre of Employers and Enterprises providing public services

On Wednesday 28 October, the European Commission has presented its proposal for a Directive on “adequate minimum wages in the European Union”. According to the proposal, this Directive aims at establishing “a framework for setting adequate levels of minimum wages”, and ensuring “access of workers to minimum wage protection, in the form of wages set out by collective agreements or in the form of a statutory minimum wage where it exists.”

García Pérez/Jongerius: “Proposal for fair minimum wages is a big achievement for people in Europe! Especially in the Covid-19 crisis, we have to fight for decent jobs!”

S&D - Socialists and Democrats

Led by EU Commissioner for Social Rights, Nicolas Schmit, the EU Commission presented today its long-awaited proposal for a Directive on fair minimum wages. The S&D Group has been calling for such a proposal for many years and the proposal now forms part of the Commission Work Programme. The fight against in-work poverty and decent wages is particularly important for women and young people.

Commenting on the proposal, S&D Group president Iratxe García Pérez said:

Sustainable Finance must be open to all low-emission technologies

VDMA - Mechanical Engineering Industry

The EU wants to take forward the concept of Sustainable Finance. VDMA President Karl Haeusgen said at a virtual panel discussion of the VDMA European Office together with Euractiv:

"We support the concept of Sustainable Finance in Europe. The objective of defining a common understanding of sustainable investments and economic activities is right. But the details of the EU Taxonomy are extremely worrying for an innovative and medium-sized industry like the mechanical engineering sector.

Europe Cloud Computing Market to witness steady growth of 12% during 2020-2026

Global Market Insights, Inc.

According to a recent study from market research firm Global Market Insights, the Europe cloud computing market is set to grow from its current market value of more than $25 billion to over $75 billion by 2026, gaining remarkable traction over the 2020 to 2026 period.

Global Market Insights, Inc.

Even in times of crisis, there is no room for trade-offs when it comes to democracy and the rule of law

S&D - Socialists and Democrats

National responses to the Covid-19 pandemic has led to a series of state of emergencies being declared and restrictive measures adopted in almost all EU countries. Since the outbreak of the pandemic, the European Parliament has been monitoring the impact of Covid-19 measures on democracy, fundamental rights and rule of law. Today, MEPs in the committee on civil liberties, justice and home affairs are voting on a resolution outlining their main concerns with recommendations that serve as a guide to member states ahead of any future emergency measures.

A sustainable single market should have consumers and the Green Deal at its core, say S&Ds

S&D - Socialists and Democrats

The Socialists and Democrats spearheaded the way to the implementation of progressive, citizen-orientated consumer legislation in Europe. Despite strong opposition from members of the EPP, Renew Europe, ECR and the far right, the committee on consumer protection managed to approve the file on the sustainable single market. The final vote will take place in plenary in November, when conservatives and liberals will, again, get their chance to prove on which side of the Green Deal they choose to position themselves.

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