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Germany's Central Bank confronts Nazi past and pledges 'never again'

Germany's Central Bank confronts Nazi past and pledges 'never again' Germany's Central Bank confronts Nazi past and pledges 'never again'
Germany's Bundesbank has taken a significant step in addressing the Nazi legacy of its predecessor, unveiling new research that delves into...
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Belgium secures eleventh victory in World Student Diplomacy Championship

Belgium secures eleventh victory in World Student Diplomacy Championship Belgium secures eleventh victory in World Student Diplomacy Championship
  On March 14, 2024, Belgium clinched victory in the World Student Diplomacy Championship, a prestigious competition simulating the workings...
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Commission declares Bosnia and Herzegovina prepared for EU accession talks

Commission declares Bosnia and Herzegovina prepared for EU accession talks Commission declares Bosnia and Herzegovina prepared for EU accession talks

On Tuesday, European Commission President Ursula von der Leyen urged EU member states to approve the start of accession negotiations with...
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Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting

Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting
In the backdrop of the European People's Party (EPP) congress, Romania's President Klaus Iohannis engaged in discussions with Austrian Chancellor...
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NATO unveils 'Nordic Response' with massive military exercises

 NATO unveils 'Nordic Response' with massive military exercises NATO unveils 'Nordic Response' with massive military exercises
In a display of strength and solidarity, NATO has launched its largest military exercises since 1952, marking the first participation of new...
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Far-right Vlaams Belang surges in Belgian polls

Far-right Vlaams Belang surges in Belgian polls Far-right Vlaams Belang surges in Belgian polls
With Belgian elections looming in June, the far-right party Vlaams Belang is witnessing a historic surge, polling just under 28 percent in...
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Sweden officially joins NATO as Hungary grants approval

Sweden officially joins NATO as Hungary grants approval Sweden officially joins NATO as Hungary grants approval
In a significant geopolitical development, Sweden has gained approval to become the 32nd member of the NATO military alliance, marking a blow...
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Munich Security Conference: Netherlands and US reaffirm support for Ukraine

Munich Security Conference: Netherlands and US reaffirm support for Ukraine Munich Security Conference: Netherlands and US reaffirm support for Ukraine
  During a meeting with Ukrainian President Volodymyr Zelensky at the Munich Security Conference, outgoing Dutch Prime Minister Mark Rutte...
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Dutch NATO contribution could double without U.S., says Defense Minister

Dutch NATO contribution could double without U.S., says Defense Minister Dutch NATO contribution could double without U.S., says Defense Minister
Outgoing Defense Minister Kajsa Ollongren warned that the Netherlands might need to double its defense spending if the United States were to...
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Germany's Central Bank confronts Nazi past and pledges 'never again'

Germany's Central Bank confronts Nazi past and pledges 'never again' Germany's Central Bank confronts Nazi past and pledges 'never again'
Germany's Bundesbank has taken a significant step in addressing the Nazi legacy of its predecessor, unveiling new research that delves into...
Read More...

Belgium secures eleventh victory in World Student Diplomacy Championship

Belgium secures eleventh victory in World Student Diplomacy Championship Belgium secures eleventh victory in World Student Diplomacy Championship
  On March 14, 2024, Belgium clinched victory in the World Student Diplomacy Championship, a prestigious competition simulating the workings...
Read More...

Commission declares Bosnia and Herzegovina prepared for EU accession talks

Commission declares Bosnia and Herzegovina prepared for EU accession talks Commission declares Bosnia and Herzegovina prepared for EU accession talks

On Tuesday, European Commission President Ursula von der Leyen urged EU member states to approve the start of accession negotiations with...
Read More...

Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting

Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting
In the backdrop of the European People's Party (EPP) congress, Romania's President Klaus Iohannis engaged in discussions with Austrian Chancellor...
Read More...

NATO unveils 'Nordic Response' with massive military exercises

 NATO unveils 'Nordic Response' with massive military exercises NATO unveils 'Nordic Response' with massive military exercises
In a display of strength and solidarity, NATO has launched its largest military exercises since 1952, marking the first participation of new...
Read More...

Far-right Vlaams Belang surges in Belgian polls

Far-right Vlaams Belang surges in Belgian polls Far-right Vlaams Belang surges in Belgian polls
With Belgian elections looming in June, the far-right party Vlaams Belang is witnessing a historic surge, polling just under 28 percent in...
Read More...

Sweden officially joins NATO as Hungary grants approval

Sweden officially joins NATO as Hungary grants approval Sweden officially joins NATO as Hungary grants approval
In a significant geopolitical development, Sweden has gained approval to become the 32nd member of the NATO military alliance, marking a blow...
Read More...

Munich Security Conference: Netherlands and US reaffirm support for Ukraine

Munich Security Conference: Netherlands and US reaffirm support for Ukraine Munich Security Conference: Netherlands and US reaffirm support for Ukraine
  During a meeting with Ukrainian President Volodymyr Zelensky at the Munich Security Conference, outgoing Dutch Prime Minister Mark Rutte...
Read More...

Dutch NATO contribution could double without U.S., says Defense Minister

Dutch NATO contribution could double without U.S., says Defense Minister Dutch NATO contribution could double without U.S., says Defense Minister
Outgoing Defense Minister Kajsa Ollongren warned that the Netherlands might need to double its defense spending if the United States were to...
Read More...

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Parliament adopted a significant step towards reducing risks in the banking system and establishing the Banking Union, on Tuesday.The rules approved by Parliament and already informally agreed with member states, concernprudential requirements to make banks more resilient. This should help to boost the EU economy by increasing lending capacity and creating more liquid capital markets, and a clear roadmap for banks to deal with losses without having to resort to taxpayer funded bailouts.ProportionalityTo ensure that banks are treated proportionately, according to their risk profiles and systemic importance, MEPs ensured that “small and non-complex institutions” will be subject to simplified requirements, in particular with regard to reporting and to putting fewer funds aside to cover possible losses. Systemically important banks, however, will have to have significantly more own funds to cover their losses in order to strengthen the principle of bail-in (losses imposed on banks' investors (e.g. bondholders) to avoid bankruptcy, instead of state-funded recapitalisation) in the EU.SME supporting factorAs small and medium enterprises (SMEs) carry a lower systemic risk than larger corporates, capital requirements for banks will be lower when they lend to SMEs. This should mean that lending to SMEs will increase.Peter Simon (S&D, DE) the rapporteur for the prudential requirements (CRD-V/CRR-II), said:“In the future, banks will be subject to stricter leverage and long-term liquidity rules. Sustainability is also important, as banks have to adapt their risk management to risks that stem from climate change and the energy transition.”Avoiding taxpayer bailoutsParliament has approved the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), which means that international standards on loss absorption and recapitalisation will be incorporated into EU law.This new legislation on a clear roadmap for banks to deal with losses should ensure that they hold enough capital and bail-inable debt to not resort to taxpayer bailouts and define conditions for early remedial measures.MoratoriumThe new rules for applying a “moratorium power” will suspend payments by banks that are in difficulty . This power may be activated when it has been determined that the bank is failing or likely to fail and if there is no immediately available private sector measure to prevent the failure. It allows the resolution authority to establish whether it is in the public interest to put the bank into resolution rather than insolvency. The scope of the moratorium would be proportionate and tailored to a concrete case.If the resolution of a failing or likely to fail bank is not in the public interest, it should be wound up in an orderly manner according to national law.ProtectionFinally, Parliament secured provisions to protect small investors from holding bail-inable bank debt, such as bonds issued by a bank when it is not a suitable retail instrument for them. Financial contracts governed by third country law in the EU would need to have a clause acknowledging that it was subject to the resolution rules on bail-in and moratorium.Gunnar Hökmark (EPP, SE), the rapporteur for the BRRD/SRMR package, said: “This is a very important step in the completion of the Banking Union and in reducing risks in the financial system. The new law is balanced, as it sets requirements on banks but at the same time also ensures that banks can play an active role in financing investments and growth”.

deneme