European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
The EU's 28 heads of state or government, who met in Brussels for the European Council summit on Thursday, approved the EUR 315 billion investment plan of Commission President Jean-Claude Juncker.
President of the European Council Donald Tusk announced that the leaders agreed on three things - the creation of European Fund for Strategic Investments (EFSI), renewed commitment to intensify structural reforms, and continued efforts to ensure sound public finances, EurActiv reports.
Governments contributing to the EFSI are not to get into trouble if their contributions result in deficits breaching the EU budget rules laid out in the Stability and Growth Pact.
The fund will be launched next year with EUR 21 billion - EUR 16 billion coming from the EU budget and EUR 5 billion from the European Investment Bank.
In January 2015 the European Commission has to present the draft for the creation of EFSI, with expectations that the European Parliament and Council will be able to cast their decision until the summer break, so that the fund can become fully operation in September next year.
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The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
French President Emmanuel Macron issued a stark warning to Europe, urging the continent to confront the challenges of a rapidly changing world
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
Concerns are mounting within the European Parliament regarding potential Russian interference in the forthcoming parliamentary elections, coupled with apprehensions surrounding Russian-owned properties in Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022