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30/11 – 11/12/2009

30/11 – 11/12/2009

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Published by pensiontalk
2009_dec_NEWSLETTER_AEIP
2009_dec_NEWSLETTER_AEIP

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Published by: pensiontalk on Dec 15, 2009
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05/11/2014

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NEWSLETTER 30/11 11/12/2009
1
TABLE OF CONTENTSEU / FINANCIAL SERVICES.....................................................................................2
 
Agreement in principle on new EU financial supervision rules........................................2
 
MEPs want tighter financial supervision than sugested by Commission.........................2
 
Bavaria freezes contribution to public pension fund.......................................................3
 
Sweden’s AP funds should be merged - report..............................................................4
 
EU / HEALTH.............................................................................................................4
 
Member states still unable to agree on cross-border care..............................................4
 
Françoise Grossetête regrets failure of Council talks on crossborder care.....................6
 
EU / SOCIAL..............................................................................................................7
 
Council seeks to enhance dignity in elderly care............................................................7
 
Political agreement in Council on revised directive on parental leave............................7
 
ECONOMY.................................................................................................................8
 
Europe GDP growth picks up in third quarter of 2009....................................................8
 
Harmonise EU labour laws, say citizens........................................................................8
 
OTHER NEWS AND EVENTS.................................................................................10
 
The Lisbon Treaty has entered into force.....................................................................10
 
Crisis may boost 'Social Europe', not treaty.................................................................11
 
Lisbon Treaty turns Committee of the Regions into subsidiarity watchdog...................12
 
CEIOPS’ NEWS.......................................................................................................13
 
CEIOPS NEWS ALERT – 30.11.2009.........................................................................13
 
EU / COURT OF JUSTICE.......................................................................................14
 
Calendar of the Court of Justice...................................................................................14
 
THE ANALYSIS IN DEPTH......................................................................................15
 
Political agreement in Council on revised directive on parental leave..........................15
 
Agreement in principle on new EU financial supervision rules......................................17
 
 
NEWSLETTER 30/11 11/12/2009
2
_____________________________________________________________________________________
EU / FINANCIAL SERVICES
______________________________________________________________________________________
Agreement in principle on new EU financial supervision rules
One of the big achievements of the Swedish Presidency of the Council of the EU in the second half of 2009 isthe fact that they were able to get EU finance ministers to reach agreement in principle on Wednesday 2December 2009 on the macroprudential aspects of the new package of legislation changing the way EUfinancial supervision operates.
(Ed Agence Europe, 03/12/2009)
IN DEPTH ANALYSIS BELOW 
(page 17)
 
MEPs want tighter financial supervision than sugested by Commission
On Monday 7 December, several MEPs from the European Parliament's economic and monetary affairscommittee suggested that the ECOFIN Council's compromise package on the new legislation reforming thefinancial supervision system in Europe should have given more teeth to the three new EU financialsurveillance authorities (ESAs).
Werner Langen (EPP-ED, Germany)commented that the ECOFIN Council'sconclusions document should have gonefurther and ensured that ESA decisions weremore binding on the member states. HisAustrian counterpart, Othmar Karas, said theCouncil's suggested legislation was a stepbackwards from the version unveiled by theEuropean Commission. The compromisedeveloped by the member states does not gofar enough, as far as the European Parliamentis concerned, which wants ESAs to be giventhe power to apply penalties. Giving anuanced view, British Conservative MEPVicky Ford said it was only to be expectedthat taxpayers would call their supervisors toaccount because massive amounts oftaxpayers' money had been injected intofailing banks, but the appointment of the ESAchairs by the European Commission did notmake it possible to call them to account.Attending the meeting to brief the MEPs onthe Swedish Presidency's achievements in thesecond half of this year, Sweden's Finance
 
NEWSLETTER 30/11 11/12/2009
3
Minister Anders Borg said the EU's financeministers had decided to instruct thePresidency to open negotiations with the EP,which is co-legislator on financial supervisionissues. He explained that the starting point,the de Larosière Report, had not been theperfect solution. Rather it was one possibleway of boosting the EU financial supervisionsystem. He commented that the MEPs mightsay that the ministers should have taken aharder line, but they had already achievedthree positive outcomes, namely thatstructures would operate on macroeconomicand microeconomic supervisory levels;deciding on a highly ambitious timetable; andensuring a united Europe on this issue. Beingformed from a range of different countries andpolitical parties, he said the EP should be ableto reach its own compromise position.
(Ed Agence Europe, 08/12/2009)
Bavaria freezes contribution to public pension fund
The Bavarian regional government is freezing the contributions to its public fund for civil servants instead ofpaying a promised €35m lift next year, on the back of the financial crisis.
The civil servants pension fund, which startedcollecting money in 2008, had been promisedminimum contributions from the localgovernment of €35m for the first year, €70mfor the second and €105m for the third,increasing by €35m every year after that until2016 when contributions of €500 for everynew civil servant will be paid per month.However, the financial crisis has led to achange in the budget plans and contributionsfor 2010 will be frozen to €70m, the Bavarianregional finance ministry told IPE. “This isbecause of a disturbance in the economicequilibrium, which shows in – among otherthings – drastically reduced tax income,” aspokesman said. “In order to achieve abalanced budget for 2010, someconsolidations are necessary, which includethe part-suspension of contributions.” Bavariais one of several German provinces to havecreated a retirement fund for its civil servants.Lower Saxony’s plans to create a similar fundwere halted this year in the wake of the crisis.
(IPE.com, 08/12/2009)

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