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EU: banks, bail-ins, trade agreement with US and Summit with China on the agenda

(Brussels) Today’s Eurogroup meeting and tomorrow’s ECOFIN meeting – on banking crisis prevention, recapitalisations, and bail-ins – mark the beginning of a week at the European institutions which is still dominated by four topics: Brexit, migrations, the situation of banks, and the state of national finances (with the excessive deficits of Spain and Portugal that are still a concern to Brussels). The agenda of the European Parliament includes five days of meetings of the Parliamentary Committees, and the 14th round of negotiations for a Transatlantic Trade and Investment Partnership (TTIP – a trade deal between the EU and the US), which has raised concerns about the economic, political, social and trade union implications, namely with regard to the protection of workers and companies, and of European and American interests. On 13 July, the European Investment Bank Group will host a Seminar in Chisinau entitled “Supporting Innovation in Moldova”. Then the regular Summit between the EU and China will take place on 12-13 July in Beijing: as usual, discussion will focus mainly on economic matters, although geostrategic issues – such as security, counter-terrorism, and cultural relations – will also be addressed. The European institutions will again seek to draw the attention of China – albeit with the caution such circumstances require – to issues such as respect for human rights and the environmental sustainability of economic development. On 15-16 July, Mongolia will host the Asia-Europe “Meeting of Dialogue”.

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