Valdis Dombrovskis - European Commission


Last quote by Valdis Dombrovskis

At this stage we are not jumping to
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May 04 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Valdis Dombrovskis is associated, including Europe, Commission, and proposal. Most recently, Valdis Dombrovskis has been quoted saying: “Of course, in a context of Brexit we see that the situation is changing. The bulk of EU denominated derivatives are cleared in the U.K., and therefore we need to assess what implications it has for financial stability.” in the article EU eying rules that could move thousands of jobs from London.
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Valdis Dombrovskis quotes

If the UK is outside the internal market, we need to find a workable solution. We know the European Central Bank has now put the issue back on the table. We have said that from the Commission's side that we are ready to assess this situation together with the ECB and find an appropriate way

And now, when Greek economy is finally recovering and we actually expect strong economic growth, I think it would be very unhelpful to fall back into financial instability and some unproductive discussions regarding the Greek

Greece has substantially outperformed on last year's fiscal targets, is going to meet this year's targets and we need to finalize the work on outstanding measures in

(The European Commission's) thinking in general on Brexit-related issues is we are not going into negotiations or pre-negotiations or taking positions before the U.K. formally notifies its intention to

This is a major deal that is set to benefit insurers, reinsurers and policy holders on both sides of the

We are in close contact with the Italian authorities and we are ready to discuss different solutions within our legal

As regards the current banking situation in Italy, we are in close contact with the Italian

It's agreed already in August and the Commission will continue work on this

This proposal will strengthen Europe's financial system further and aims at protecting taxpayers by ensuring we can deal with a central counterparty if it falls into

We expect our international partners to stick to globally-agreed

We have put forward new risk reduction proposals that build on the agreed global standards while taking into account the specificities of the European banking

A solution we could not support is one which would weigh unduly on the financing of the broader economy in

We do not believe a standardized capital floor is an essential part of the

As things stand, the proposals Basel has issued for consultation would imply significant capital requirement increases in all

Some ministers seemed to be in favor of a stabilization mechanism built around an unemployment scheme, others looked more towards investment-based

For various reasons, the windfalls from higher growth and lower interest rates were insufficiently used to reduce deficits and

The economic recovery in Europe continues but the global context is less conducive than it was. Future growth will increasingly depend on the opportunities we create for

We need strong economic fundamentals, to deal with different challenges which we are facing with – refugee crisis, with security challenges and also to convince our citizens that there are benefits in the European project, that we are better off together and people start seeing tangible results of an economic recovery also in their

We already have EU budget and certain policies which ensure fiscal transfers among member states. The five presidents' report actually explicitly mentions that it is not meant to be a new permanent transfer

Exactly, the time frame is quite ambitious. So last December the European Council tasked the finance ministers to work intensively on this and to report back to the Council by June this year and If needed are ready to modify our proposals in order to achieve consensus on those

Well on political union, it means strengthening the democratic legitimacy of our decision making as regards economic and fiscal policies. This is one element which has been discussed, often

Unfortunately since the financial and economical crisis, this process has stalled and this is underlying the motive of completing the Economic and Monetary

Well, stronger involvement of national parliaments actually means stronger sovereignty if you want. It's also worth headlining that it will mean also more common decision making and of course it will imply some sovereignty sharing. And we will need to find the right balance between sovereignty sharing and risk

In economic terms, it's a much better result both for UK and EU as a whole, it's for the UK to stay within the

Those are meant to be advisory institutions, which are monitoring for example member states' fiscal performance or member states' competitiveness factors and advising the governments. It is still for the governments to take the decisions and still for the parliaments to

We need to remain very attentive, we cannot be certain that the Portuguese budget plan offers enough reassurance to correct the excessive deficit in 2016 – and government debt is still very high at 130 percent of

We broadly share the programme objectives and the measures needed to reach the objectives. We know there are some differences on assessments, how much effort is needed to reach the fiscal targets … This is

I think it is relatively unlikely that the European Commission will get a mandate to start formal negotiations as regards a third programme or 'SM' programme

We are making progress but there are still some outstanding issues to be

It is important that the Greek government works seriously on this issue (the implementation of reforms), also in order to ensure financial stability and to counter some of the negative tendencies which we have been seeing over the past couple of weeks or months with some capital

I think that we need more Europe on big things and less Europe on small things, that Europe should really concentrate on those issues where we can get really clear added value, and being less active on relatively small bureaucratic issues which is the EU is sometimes even too much associated

It is quite clear that we have to take necessary steps to avoid tragedies like this one happening again. We are going to take more severe control measures in construction sites of this kind, especially in sites that are currently under construction or the construction is planned to start

Police have started the investigation already. The criminal process will investigate possible construction violations which may have caused serious

We need to think about energy supply security, about diversification of the sources and of course we need to think also about commercial liability of the project to make sure that this project is

We yesterday in the government adopted the decision to do another fiscal correction of 500 million lats for 2009 in order to ensure that we continue to receive international

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