EMPLOYMENT - GLOBALISATION : PARLIAMENT GIVES GREEN LIGHT FOR GLOBALISATION ADJUSTMENT FUND.

PositionEuropean Globalisation Adjustment Fund

The European Parliament voted on 13 December to adopt the proposal for a regulation to establish a European Globalisation Adjustment Fund. The motion was passed by a large majority and by a show of hands. This was its first (and single) reading. Following a number of informal meetings and several trialogues, the agreement secured on 30 November yielded a compromise with the Council of Ministers.

This agreement was validated by the Committee of Permanent Representatives (Coreper) on 1 December. The Council should now endorse the regulation, as an A point,' at a future session. This should...

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