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France’s budget deficit could skyrocket to 7% of GDP in COVID-19 aftermath

Euractiv.com - Fri, 03/20/2020 - 06:49
The French government continues to announce stimulus spending, as well as support measures for companies, employees and the research sector worth billions to mitigate the COVID-19 crisis. Although necessary, those measures could send the country's budget deficit through the roof, EURACTIV France reports.
Categories: European Union

EU allocates Chinese aid to Italy to fight against the pandemic

Euractiv.com - Thu, 03/19/2020 - 20:28
A Chinese aid package sent to the EU, including masks and test kits, will be fully allocated to Italy, as Rome faces the most urgent needs among member states in the coronavirus crisis, EU officials told EURACTIV.
Categories: European Union

Press release - European Parliament to hold extraordinary plenary on 26 March

European Parliament - Thu, 03/19/2020 - 18:13
EP President and political group leaders decided to hold an extraordinary plenary session next Thursday, 26 March to allow for implementation of special measures.

Source : © European Union, 2020 - EP
Categories: European Union

Press release - European Parliament to hold extraordinary plenary on 26 March

European Parliament (News) - Thu, 03/19/2020 - 18:13
EP President and political group leaders decided to hold an extraordinary plenary session next Thursday, 26 March to allow for implementation of special measures.

Source : © European Union, 2020 - EP
Categories: European Union

Press release - Sassoli: Europe is showing the power of solidarity

European Parliament - Thu, 03/19/2020 - 18:03
Statement by President David Sassoli on European Parliament’s response to COVID-19 crisis

Source : © European Union, 2020 - EP
Categories: European Union

Press release - Sassoli: Europe is showing the power of solidarity

European Parliament (News) - Thu, 03/19/2020 - 18:03
Statement by President David Sassoli on European Parliament’s response to COVID-19 crisis

Source : © European Union, 2020 - EP
Categories: European Union

The rise of e-commerce and the cashless society

Written by Mar Negreiro,

© 3DDock / Shutterstock.com

Sales in the EU still predominantly take place offline – in bricks and mortar shops – and purchases are still predominantly made with cash. However, thanks to the level of convenience they offer, both online shopping and cashless electronic payments are booming and are among the key drivers of the digital transformation taking place in our economy and society. The real-time accessibility of e commerce products and their availability 24 hours a day, together with the ease of making electronic payments, are disrupting many aspects of traditional consumer shopping behaviour, which is also increasingly driven by widespread use of mobile devices and apps.

Online sales hit a record high in 2019. At the international level, China is leading in both e-commerce transactions and mobile cashless payments. However, the coronavirus (COVID-19) crisis has put countries across the world, starting with China, into extraordinary conditions, with citizens staying at home; and some sellers trying to extract the highest profit possible from the situation.

In the EU, a large majority of internet users, particularly those under the age of 45, shop online. Clothes, sports goods, travel and online content such as games, videos and music are among the most popular items.

This trend is also driven by the increase in cashless payments, which have become very popular in some countries. The numerous different cashless payment methods in existence are often highly localised. One such example, the e-wallet, is gaining particular importance, driven by the over 2 billion users it enjoyed in 2019.

On the other hand, e-commerce and the cashless society are facing a host of challenges related to cybercrime, fraud, privacy, the digital divide and pollution, among others. The coronavirus outbreak is also posing various challenges to e-commerce supply chains, many of which are based in the hardest-hit countries. However, the opportunities that e-commerce and cashless transactions afford in terms of convenience, efficiency and affordability will help them gain further ground in the years to come; their popularity among younger generations and strong EU-level policy support for digital transformation are also helping boost their prospects.

Read the complete briefing on ‘The rise of e-commerce and the cashless society‘ in the Think Tank pages of the European Parliament.

Categories: European Union

[Ticker] UN chief: millions could die if coronavirus keeps spreading

Euobserver.com - Thu, 03/19/2020 - 18:00
UN secretary-general Antonio Guterres warned on Thursday that millions of people could die if the coronavirus keeps spreading. "If we let the virus spread like wildfire, especially in the most vulnerable regions of the world, it would kill millions of people," he said, urging G20 countries to support those countries whose healthcare systems are weaker. "Solidarity is not only a moral imperative, it is in everyone's interests," he added.
Categories: European Union

European Parliament to roll out ‘distance voting’ technology for MEPs

Euractiv.com - Thu, 03/19/2020 - 17:12
Administrative staff at European Parliament have been tasked with developing technology that will "facilitate the remote participation" of MEPs during the prolonged period of remote working brought on as a result of the coronavirus outbreak, documents seen by EURACTIV reveal.
Categories: European Union

The Brief – This time, no bazooka is too big

Euractiv.com - Thu, 03/19/2020 - 16:51
Boris Johnson wasn’t the only one being criticised for responding slowly to the social and economic crisis caused by the coronavirus.
Categories: European Union

NATO expects allies to maintain defence spending despite virus

Euractiv.com - Thu, 03/19/2020 - 16:49
As Europe has become the epicentre of the coronavirus outbreak, NATO is scaling down its military exercises to avoid a further spread but will continue its missions, NATO Secretary-General Jens Stoltenberg told a video news conference on Thursday (19 march). “Some...
Categories: European Union

Press release - Future EU-UK relations: EU is offering ‘cooperation of an unprecedented nature’

European Parliament - Thu, 03/19/2020 - 16:23
Statement by David McAllister, Chair of the European Parliament’s UK Coordination Group, on the publication of a draft legal agreement on the future EU-UK partnership.
Committee on Foreign Affairs

Source : © European Union, 2020 - EP
Categories: European Union

Press release - Future EU-UK relations: EU is offering ‘cooperation of an unprecedented nature’

European Parliament (News) - Thu, 03/19/2020 - 16:23
Statement by David McAllister, Chair of the European Parliament’s UK Coordination Group, on the publication of a draft legal agreement on the future EU-UK partnership.
Committee on Foreign Affairs

Source : © European Union, 2020 - EP
Categories: European Union

Germany military to make doctors, 1000 reserves available in COVID-19 response

Euractiv.com - Thu, 03/19/2020 - 16:15
German Defence Minister Annegret Kramp-Karrenbauer (CDU) has promised "far-reaching measures" by the German military (Bundeswehr) to contain the coronavirus pandemic. She said that up to 3,000 military doctors were available, and that the allocation of medical material was already underway.
Categories: European Union

Coronavirus puts French agricultural production centre-stage

Euractiv.com - Thu, 03/19/2020 - 16:09
In France, the coronavirus crisis has put the agricultural sector back in the spotlight as concerns persist about the transport of food and seasonal shortages of farm labourers. EURACTIV France reports.
Categories: European Union

Press release - Future EU-UK relations: EU is offering ‘cooperation of an unprecedented nature’

European Parliament - Thu, 03/19/2020 - 16:03
Statement by David McAllister, Chair of the European Parliament’s UK Coordination Group, on the publication of a draft legal agreement on the future EU-UK partnership.
Committee on Foreign Affairs

Source : © European Union, 2020 - EP
Categories: European Union

Press release - Future EU-UK relations: EU is offering ‘cooperation of an unprecedented nature’

European Parliament (News) - Thu, 03/19/2020 - 16:03
Statement by David McAllister, Chair of the European Parliament’s UK Coordination Group, on the publication of a draft legal agreement on the future EU-UK partnership.
Committee on Foreign Affairs

Source : © European Union, 2020 - EP
Categories: European Union

Global Europe Brief: A continent quarantined

Euractiv.com - Thu, 03/19/2020 - 15:09
Welcome to EURACTIV’s Global Europe Brief, your weekly update on the EU in the global perspective from our foreign affairs news team: Georgi Gotev and Alexandra Brzozowski. You can subscribe here. /// ‘WHATEVER IT TAKES’ It’s official: Europe’s coronavirus deaths have exceeded Asia’s toll...
Categories: European Union

Green Deal deserves a better Energy Taxation Directive in 2020, not years from now

Euractiv.com - Thu, 03/19/2020 - 15:07
Europe has a choice between getting a good taxation directive this year or waiting years for something not yet defined that may never win agreement. For the sake of climate progress, it should take its chances with what it has now, writes Jim Power.
Categories: European Union

F2F delayed, CAP deadline, COVID-19

Euractiv.com - Thu, 03/19/2020 - 14:26
Welcome to EURACTIV’s AgriFood Brief, your weekly update on all things Agriculture & Food in the EU. You can subscribe here if you haven’t done so yet. The launch of the new EU food policy, the Farm 2 Fork strategy,...
Categories: European Union

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