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  • The European Commission concluded from an evaluation of the ECB’s banking supervision in October that the European Court of Auditors had less power to audit the ECB than many eurozone audit institutions had to audit their national public supervisors. The national public supervisor is usually the central bank; in the Netherlands it is De Nederlandsche Bank (DNB). The European Commission therefore insisted that the European Court of Auditors and the ECB should reach an agreement on the exchange of information. The five supreme audit institutions consider this to be a ’first step’. ’But ultimately the European Court of Auditors’ mandate in this area needs to be extended.’ They suggest that the European Court of Auditors’ powers should be equal to the mandates that the eurozone audit institutions, such as the Algemene Rekenkamer in the Netherlands and the Bundesrechnungshof in Germany, had to audit their national supervisors before 2014.
  • The participants of the “Closing Bell” ceremony included from the Government Delegation: Hon. Euclid Tsakalotos, Minister of Finance of the Hellenic Republic, Hon. Elena Kountoura, Minister of Tourism of the Hellenic Republic, Mr.George Tziallas, Secretary General for Tourism Policy and Development-Ministry of Tourism, Dr. Constantine Koutras, Consul General of Greece in New York, Nicolas Bornozis, President Capital Link, Olga Bornozi, Managing Director Capital Link.
  • The Forum featured government and business leaders from Greece, Europe and the United States, and top executives from the investment, financial and business communities. The forum attracts the elite of Wall Street and this year took place in a crucial time for Greece. After years of recession, Greece is slowly returning to a period of economic growth and aims to position itself as an attractive investment and business destination. The attraction of foreign investment is crucial for the recovery of the economy.
  • Understanding China is daunting enough when you’re studying government papers or trying to keep up with the latest news. But the real challenge for China-watchers, even the veterans, is putting an ear to the ground and listening to what the people are talking about.
  • This is happening in ECOTROPHELIA Europe, where the key words are “visionary food innovations that are tasty, sustainable, responsible and of high nutritional quality”. ECOTROPHELIA Europe constitutes a life-size innovation laboratory for universities and students and a pedagogical model recognized by the European Commission. The competition offers a ground for fruitful exchanges between education and research sectors and the business world. For professionals from the food industries, ECOTROPHELIA is a great pool of talent, skill-sets and innovation.

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ALL DOSSIERS

With the presence of the European Institutions and the International Rating Agencies in the Capital Link Forum

The Institutions underlined that after years of recession, Greece is slowly returning to a period of economic growth and aims to position itself as an attractive investment and business destination

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Balkans & Black Sea Cooperation Forum

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Editor’s Column

Eurozone banking supervision shows a growing audit gap

By: N. Peter Kramer

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