EU Public & Regulatory Affairs

PwC EU Public & Regulatory Affairs Brussels

Weekly EU news: Monday 28 September – Friday 2 October 2015

Issue 757

Monday 28 September

The European Commission published The Tax reforms report 2015which presents an overview of recent tax reforms in the Member States and gives an indication of their performance in major areas of tax policy. According to the report, EU Member States have made progress towards improving their tax systems but most still face important challenges and should continue their efforts.

The EU and China have signed a milestone agreement in the global race to develop 5G networks, during the EU-China High Level Economic and Trade Dialogue in Beijing. Both parties are committed to reciprocity and openness in terms of access to 5G networks research funding, market access as well as in membership of Chinese and EU 5G associations.  Press release.


Tuesday 29 September

The European Central Bank published:

  • Occasional paper no. 166: The side effects of national financial sector policies: framing the debate on financial protectionism.
  • Working paper no. 1852: Financial literacy and savings account returns
  • Working paper no. 1853: Price level changes and the redistribution of nominal wealth across the euro area
  • Working paper no. 1854: Determinants of global spillovers from US monetary policy.

Member of the ECB's Executive Board Yves Mersch gave a speech in Luxembourg on Means of payments and SMEs: where are we heading?


Wednesday 30 September

The European Commission launched its Capital Markets Union Action Plan to help build a true single market for capital across the 28 EU Member States. Together with its Action Plan, the EC is also putting forward the following two immediate steps: a proposal  to establish a framework for simple, transparent and standardised securitisation and to set out new prudential calibrations for banks in the Capital Requirements Regulation and an adjustment to the "Solvency II" legislation to make it easier for insurers to invest in infrastructure and European Long Term Investment Funds. It is also launching three additional consultations - one on venture capital funds, another one on covered bonds, and a call for evidence on the cumulative impact of financial legislation. Press release, FAQ and Commissioner Hill's speech.


Thursday 1 October

Outcome of the Competitiveness Council. Ministers discussed the mainstreaming of industrial competitiveness. They also looked at the reform of the EU's emissions trading system and the recent events regarding the controls of car emissions.

Also, the Council formally approved new rules to end mobile roaming charges in the EU as of mid-2017. The new law will also include the first EU-wide provisions to safeguard open internet access. The regulation will enter into force three days after its publication in the EU Official Journal. This will probably take place in November.


Friday 2 October


  • In August 2015, compared with July 2015, industrial producer prices fell by 0.8% in the euro area (EA19) and by 0.9% in the EU28. Details.
  • In 2014, the proportion of persons aged 65 or over reached 18.5% in the EU and it is projected to further increase in the future to almost 30% by 2080. Details.
  • The EU28 unemployment rate was 9.5% in August 2015, stable compared to July 2015, and down from 10.1% in August 2014. Details.
  • In 2013, 8.3 million persons worked as teaching staff (from pre-primary to tertiary level) in the EU, of which 5.8 million (70%) were women. Details.

Calendar of the Commissioners' weekly activities.