08 April 2014

EIM（欧州統合モニター）（経済）2014年3月：加盟国は経済の不均衡是正へ、銀行はデレバレッジを進めつつ代替的な資本市場ベースの資金調達手法の確立が求められる

• The Council conclusions on the 2014 Annual Growth Survey and European Semester 2014 stresses that financial market fragmentation has led to divergent interest rates for loans to businesses and households across the EU, with profound implications for labour markets.

• The Commission's in-depth reviews to identify macroeconomic imbalances and assesses progress in fiscal consolidation show that Member States are making progress in addressing their economic challenges, albeit unevenly.

• ECB's Cœuré said that deleveraging is not a process that policy-makers should seek to avoid; rather, it needs to take place and be properly managed.

• The Council adopted new rules on the taxation of savings income, marking "a major breakthrough in EU tax policy and a major step forward in the common fight against tax evasion". The OECD's Gurría also welcomed the 'international progress'.

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© Graham Bishop