New rules for Money Market Funds proposed

European Commission_MEMO/13/764   04/09/2013

On 4 September 2013, the European Commission proposed a European framework designed for Money Market Funds (MMFs). Those funds are an important source of short-term financing for financial institutions, corporates and governments. In order to preserve the integrity and stability of the internal market, the proposed regulation introduces new rules that will make the MMFs more resilient to future financial crisis and at the same time secure their financing role for the economy.

Frequently Asked Questions

More information:

http://ec.europa.eu/internal_market/investment/money-market-funds/index_en.htm

Doctoral Training Positions at the University of Turku, Finland

The University of Turku is a multidisciplinary, research-intensive university of more than

 25 000 students and staff members on the south-western coast of Finland. The University offers a unique vantage point to the Finnish and international world of science and education. In the QS World University Rankings 2012, the University of Turku was ranked on the position 211. For further information, please visit the University’s web page at www.utu.fi/en/.


Description

The Doctoral Programmes of the University of Turku Graduate School invite applications for 100 university-funded 1-4-year doctoral training positions starting 1 January, 2014. 

The call for applications is open from 2 September to 30 September, 2013. 

For further information on how to apply, please visit the UTUGS web page at

http://www.utu.fi/en/research/utugs/Pages/home.aspx

Unemployment: Commissioner Andor calls on Member States to step up "jobs effort"

Following publication of the latest Eurostat figures on unemployment in the EU in July 2013 László Andor, European Commissioner for Employment, Social Affairs and Inclusion made the following comments:

"GDP growth turned positive in the 2nd quarter and latest unemployment figures confirm that joblessness has stopped rising in many countries, even in Spain, Portugal and Ireland."

"After six quarters of recession and ten quarters of rising unemployment, this levelling off in unemployment is relatively good news."

"It is encouraging that many countries have managed to slightly reduce seasonally-adjusted unemployment without a time lag after economic growth picked up or even while still in recession. The slight decline in unemployment in these countries shows the importance of active employment policy measures like hiring subsidies, reduced taxes on low-paid labour, re-skilling and good-quality job placement services."

European Commission - MEMO