• EU considers creating anti-money-laundering watchdog

      EU considers creating anti-money-laundering watchdog

      The Council of the European Union on 5 December backed plans for creating an independent agency to combat money laundering. In a statement, finance ministers asked for more “effective cooperation” among authorities, and urged the Commission to consider the advantages and disadvantages of “conferring certain supervisory responsibilities and powers to an EU body”.

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    • Finland tables long-term EU budget limiting expenditure

      Finland tables long-term EU budget limiting expenditure

      Finland's EU presidency proposed a 2021-2027 EU budget equal to 1.06% of the bloc's gross national income (GNI), which goes below the ambitions of both the European Commission and Parliament, news wires reported. The draft envisaged an overall ceiling of 1.07% of EU GNI (€1,087bn), and payment appropriations (the money that can be actually spent during the period) of 1.06% of EU GNI, representing €1,080bn.

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    • Agreement on EU budget for 2020 reached

      Agreement on EU budget for 2020 reached

      The three EU institutions on Monday agreed on the EU's budget for 2020, the European Commission's Press service reported. Gunther H. Oettinger, Commissioner for Budget and Human Resources, pointed out that the 2020 EU budget will help create jobs, address climate change, and leverage investments all over Europe.

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    • EU debates how to keep nuclear deal alive after new Iran moves

      EU debates how to keep nuclear deal alive after new Iran moves

      European Union foreign ministers on Monday debated ways to keep the Iran nuclear deal intact after the Islamic Republic began enrichment work at its Fordo site in a fresh act of defiance that seems likely to spell the end of the painstakingly crafted international agreement. At talks in Brussels, the EU powers that signed the 2015 Iran nuclear deal - Britain, France and Germany - were expected to signal what action should be taken as the bloc awaits a new report from the International Atomic Energy Agency later Monday on whether Iran is still complying with its commitments.

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    • EU creates first permanent border force

      EU creates first permanent border force

      The EU on Friday formally established its first permanent border corps, which will enforce Frontex with 10,000 officers by 2027, news wires reported.The adoption by Member States means that the EU border and coast guard agency for Schengen area will have personnel wearing its uniform and on its payroll who can be deployed to the bloc's external borders to handle crises or general management. Frontex currently has up to 1,500 officers active at any time but they are seconded to the agency by Member States for short missions, along with ships and aircraft.

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    • EU agrees Brexit extension to 31 January

      EU agrees Brexit extension to 31 January

      The EU agreed on Monday to postpone Brexit for up to three months, stepping in with a decision less than 90 hours before Britain was due to crash out with no divorce deal. This means that the next deadline for departure will be 31 January next year, but the UK is now given the option to leave earlier if a deal is ratified, clearing the way for opposition parties to back a general election.

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