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EU summit
Youth employment and tax fraud: priorities at EU summit
Effective results are needed on tax fraud and youth employment to restore people´s trust in the EU, EP president Martin Schulz warned EU leaders at the opening of the European Council in Brussels on 22 May. 
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Unemployment statistics
Jobless youths could drag on global economy´s recovery
A modest upturn in the major developed economies flagged last week by the Organisation for Economic Cooperation and Development should be a considerable relief for Western countries still struggling to run down huge debts.
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International affairs
Europe discusses free-trade agreement with US
The EU and the US will this year start talks on a free-trade agreement to help boost their economies, but there are many thorny issues to be worked out. Although the deal would increase trade and create jobs, it will require the two regions to reconcile their different approaches to issues such as animal welfare, people´s privacy and food safety. It could also affect business with other parts of the world. Watch the video to discover the views of two MEPs with very different perspectives.
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Economic and Financial Affairs Council
European Council agreement on the 2014 European Union Budget
There was agreement at today´s ECOFIN Council on the guidelines the Council will provide to the Commission in respect of the 2014 Budget. There was also agreement on Council conclusions in respect of the annual growth survey and the alert mechanism report which is part of the European Semester process.
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Uncertainty continues in Europe
Growth in Europe remains tied
In yet more evidence of how the sovereign debt crisis is damaging business and economic growth prospects, the bottom 11 places are taken by European countries. Indeed, the majority of businesses in Greece (net -21%) Spain (net -16%), Ireland (net -5%) and Italy (net -3%), Poland and Switzerland (both net -1%) plan to lose workers
in 2013.
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Big Mac Index
Hamburgers pricing to evidence countries on crisis
The Big Mac Index offers some quick insights into the state of currencies around the globe by comparing the price of Big Macs across countries. Guntram Wolff, an economist at think-tank Bruegel, found evidence that struggling by studying the different prices for McDonald´s Big Mac burger throughout the euro zone between July 2011 and January 2013.
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EU Chamber of Commerce in China,
Chinese companies seeking to invest in Europe find its business environment less welcoming
According to a survey on the country´s overseas direct investment, released in Beijing by the EU Chamber of Commerce in China, KPMG and Roland Berger Strategy Consultants Chinese investors find it difficult to access to Europe.
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Financial Regulation
Green light for credit agencies rules
New rules on when and how credit rating agencies may rate state debts and private firms´ financial health were approved by Parliament on Wednesday 16 January. They will allow agencies to issue unsolicited sovereign debt ratings only on set dates and enable private investors to sue them for negligence.
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More transparent and reliable
European Parlament discussed the rules for the rating agencies
Yesterday the Members of the European Parlament discussed the new and tougher rules to make the agencies more transparent and reliable. The vote will take place today Wednesday.
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Entrepreneurship 2020 Action Plan:
Boosting entrepreneurship and employment opportunities
European Commission Vice President Antonio Tajani presented an action plan to support European entrepreneurs with a view to promote small and medium sized enterprises (SMEs) and consequently, boost employment opportunities.
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