MEPs stressed that individual investors' money must also be better protected

Economic and Monetary Affairs Committee underlined that investment fund managers' bonuses must be capped, and their salaries must be linked to their funds' performance. According to the responsible MEP of the report, Sven Giegold, the UCITS bonus cap will help strengthen investor protection and reduce risky speculation.

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Commission consults on audiovisual media regulator independence in the EU

The European Commission launched two public consultations on media freedom and pluralism and audiovisual media regulator independence in the EU. The contributions to both consultations can be made until 14th June 2013.

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€24.2 million to help redundant workers in Austria, Denmark, Finland, Italy, Romania, Spain and Sweden

5,271 workers in Austria, Denmark, Finland, Italy, Romania, Spain and Sweden will benefit from the just made payments from the European Commission. In particular, the total amount of €24.2 million will help workers in those countries back into employment, following their dismissals in a wide variety of sectors including automotive, motorcycles, mobile phones, metal products, electronic equipment and social work activities.

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Council adopted a new regulatory framework to modernise and expand Europe's energy infrastructure

The Council adopted the regulation on guidelines for trans-European energy infrastructure following an agreement reached with the European Parliament. The regulation gives priority to twelve strategic trans-European energy corridors and areas. The European Commission welcomed Council adoption of the Energy Infrastructure Regulation because it foresees a new more transparent and accelerated permit granting procedure which generally will not exceed 3 years and 6 months.

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The Eurogroup reaffirmed the importance of fully guaranteeing deposits below €100 000 in the EU

Jeroen Dijsselbloem, President of the Eurogroup, reaffirmed the Eurogroup's readiness to stand ready to discuss with the Cypriot authorities a draft new proposal, which it expects the Cyprus authorities to present as rapidly as possible. In a meeting with MEPs, Mr Dijsselbloem also told them he doubted that there really was a possible 'Plan B'.

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