| Author (Corporate) | Council of the European Union: General Secretariat |
|---|---|
| Series Title | Press Release |
| Series Details | PRES/14/127 (12.03.14) |
| Publication Date | 12/03/2014 |
| Content Type | Legislation, News |
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Main results of the Council: The Council adjusted the mandate given to the presidency for negotiations with the European Parliament on the establishment of a single resolution board and a single fund for the resolution of banks. It called for a conclusion of the talks on the proposed single resolution mechanism in time for the Parliament's plenary session on 14 to 17 April, so as to enable the regulation to be adopted before the end of the Parliament's current legislature. The Council discussed strengthened rules on the taxation of savings income aimed at enabling the member states to better clamp down on tax fraud and tax evasion. It confirmed broad support for the text. The presidency's intention is for the new rules to be adopted before the end of March, following endorsement by the European Council. On the 18 March 2013, Germany's Constitutional Court ruled that the European Union's permanent bailout fund did not run afoul of Germany's Basic Law. The judges found parliament had sufficient powers to control national liabilities. |
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| Source Link | Link to Main Source http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/141448.pdf |
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| Subject Categories | Politics and International Relations |
| Countries / Regions | Europe |
