Judgment of the EU Court of Justice in Case C-330/23 Aldi Süd on price reductions
Accordiing to the Court’s preliminary ruling, a price reduction announced in an advertisement must be calculated on the basis of the lowest price in the last 30 days.
Accordiing to the Court’s preliminary ruling, a price reduction announced in an advertisement must be calculated on the basis of the lowest price in the last 30 days.
“We’re talking about €33 trillion. Not an insignificant sum, but perhaps hard to conceptualise because it is so significant. And I think if we can effectively mobilise these savings on our capital markets, we can unlock a significant source of investment capital” – EU Commissioner McGuinness.
Although the financial sector continues to be resilient, continued monitoring of macro-financial vulnerabilities and spillovers is warranted. Structural policies should focus on boosting investment and productivity, meeting new challenges from Russia’s war in Ukraine and ongoing multiple transitions, while continuing to ensure social support and policy predictability.
On the back of high domestic and external demand, GDP growth remained strong by historical standards at 8.7 percent in 2023 and is expected to moderate to a more sustainable level of around 6 percent in 2024.
A presentation by Tobias Adrian, IMF Financial Counsellor and Director of the Monetary and Capital Markets Department at the Bank of Thailand Annual Retreat.
Across the EU, there are significant differences in the structure of general government gross debt as concerns the initial and remaining maturity of debt, the debt instruments used and the predominant institutional sectors holding the government debt.
The EU Commission has endorsed a positive preliminary assessment of Greece’s fourth payment request for €2.3 billion in loans (net of pre-financing) under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU.
Swiss risks are broadly balanced amid high uncertainty. In the short term, downside risks arise from intensification of regional conflicts and an abrupt global slowdown, which could result in slower growth and trigger safe haven flows. Downside risks may also arise from the ongoing integration of CS and UBS and the large size of the combined bank.
The European Banking Authority (EBA) publishes today the package of technical standards and guidelines under MiCAR on prudential matters, namely own funds, liquidity requirements, and recovery plans. These products are part of the EBA’s ongoing efforts to foster a well-regulated market for asset-referenced and e-money tokens in the EU.
Growth is expected to rebound this year thanks to the recovery in demand from key trading partners, which will spur exports and private investment, while public investment is to be supported by EU funds.
A fraudulent pyramid scheme was taken down by authorities from Germany, Switzerland, Austria, Czechia, Lithuania and Liechtenstein, with the support of Eurojust and Europol.
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