The Governing Council of the European Central Bank (ECB) announced an expanded asset purchase programme. Aimed at fulfilling the ECB’s price stability mandate, this programme will see the ECB add the purchase of sovereign bonds to its existing private sector asset purchase programmes in order to address the risks of a too prolonged period of low inflation.

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Parliament must use its influence on framing the Transatlantic Trade and Investment Partnership (TTIP) rules to ensure that they serve all EU citizens, not just a few economic players and must therefore insist that the talks are more democratic and more transparent, said trade committee chair, Bernd Lange (S&D,DE).

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At the end of the third quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.1%, compared with 92.7% at the end of the second quarter of2014. In the EU283, the ratio decreased from 87.0% to 86.6%. This decrease in the EU28 government debt to GDP ratio comes after fifteen consecutive quarters of increase.

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EIB Vice-President Román Escolano andGalicia’s Finance Minister, Elena Muñoz Fonteriz, signed in Santiago de Compostela a EUR 400 million EIB loan to the Government of Galicia.  The funds will be used to cofinance investments under the ERDF operational programme and the EAFRD rural development programme in the period 2014-2020.

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The European Commission has found thatUK plans to support the building of the Teesside combined-heat-and-power (CHP) plant are in line with EU state aid rules. The plant will use biomass to provide electricity to the national grid and heat to local customers. The Commission concluded in particular that the project

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Health expenditures have risen sharply in the Palestinian territories due to the recent conflict inGaza (July-August 2014) and the increase in medical referrals abroad which has taken a heavy toll on the economy. The US$8.5 million Health System Resiliency Strengthening Project, approved by the

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The OECD and the Government of Kazakhstan are signed in Davos a Memorandum of Understanding on a two-year Country Programme, which will support an ambitious set of reforms of Kazakhstan’s policies and institutions. “Kazakhstan is a leading economy in Central Asia strategically located at the crossroads of Europe andAsia.

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‘We can look back on an active year, in which the Benelux has focused mainly on combating fraudulent employment practices and social security fraud and on promoting economic growth, for instance by improving legislation for the transport and logistics sector,’ said foreign minister Bert Koenders in Brussels.

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Foreign Minister Keit Pentus-Rosimannus said that the most important themes of the Latvian Presidency of the Council of the European Union which began on January 1, are neighbourhood policy, energy security, and the movement towards a single digital market. “These are all important issues forEstonia and we will help

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