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Reform Support Programme 2021-2027

13-03-2019

The European Commission adopted the proposal on the establishment of the Reform Support Programme on 31 May 2018, as part of the package for the upcoming multiannual financial framework for 2021-2027. The programme will provide financial and technical support for Member States to implement reforms aimed at increasing the resilience of their economies and modernising them, including priority reforms identified in the European Semester. The overall budget for the programme is €25 billion. It comprises ...

The European Commission adopted the proposal on the establishment of the Reform Support Programme on 31 May 2018, as part of the package for the upcoming multiannual financial framework for 2021-2027. The programme will provide financial and technical support for Member States to implement reforms aimed at increasing the resilience of their economies and modernising them, including priority reforms identified in the European Semester. The overall budget for the programme is €25 billion. It comprises three elements: a reform delivery tool (financial support); a Technical Support Instrument (technical expertise, building on the current Structural Reform Support Programme 2017-2020); and a convergence facility (preparation for adopting the euro). The Reform Support Programme will be open to all Member States on a voluntary basis, with no co-financing required. In the European Parliament, the Committee on Economic and Monetary Affairs (ECON) and Committee on Budgets (BUDG) are working jointly on this file under Rule 55 of Parliament's Rules of Procedure. A vote in the joint committee meeting is expected on 1 April 2019, with a vote in plenary thereafter, during the second April 2019 part-session. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Review of the European Market Infrastructure Regulation (EMIR): Updated rules on supervision of central counterparties (CCPs)

18-02-2019

The increasing importance of central counterparties (CCPs) and challenges such as the United Kingdom's withdrawal from the EU call for a more comprehensive supervision of CCPs in EU and non-EU countries to secure financial market infrastructure and build confidence. In June 2017, the Commission proposed amendments to Regulation (EU) No 1095/2010 (ESMA – European Securities and Markets Authority) and Regulation (EU) No 648/2012 (EMIR – European Market Infrastructure), to strengthen the regulatory ...

The increasing importance of central counterparties (CCPs) and challenges such as the United Kingdom's withdrawal from the EU call for a more comprehensive supervision of CCPs in EU and non-EU countries to secure financial market infrastructure and build confidence. In June 2017, the Commission proposed amendments to Regulation (EU) No 1095/2010 (ESMA – European Securities and Markets Authority) and Regulation (EU) No 648/2012 (EMIR – European Market Infrastructure), to strengthen the regulatory framework: EU CCPs would be supervised by national authorities in agreement with ESMA, and third-country CCPs subject to different requirements depending on whether (or not) they are systemically important. The European Parliament’s Economic and Monetary Affairs Committee (ECON) adopted its report in May 2018, and the Council agreed its position in November. Trilogue negotiations are now under way.

Detailed technical measures for the definitive VAT system

08-02-2019

The common European value added tax (VAT) system was set up in 1967 and reformed in 1993 in order to adapt it to the entry into force of the internal market. Therefore, the existing rules governing intra Community trade, which were intended to be transitory, are now 25 years old. VAT is an important source of revenue for both national governments and the EU budget, but the current system is ill-adapted to the challenges of a modern economy. It presents such problems as vulnerability to fraud, high ...

The common European value added tax (VAT) system was set up in 1967 and reformed in 1993 in order to adapt it to the entry into force of the internal market. Therefore, the existing rules governing intra Community trade, which were intended to be transitory, are now 25 years old. VAT is an important source of revenue for both national governments and the EU budget, but the current system is ill-adapted to the challenges of a modern economy. It presents such problems as vulnerability to fraud, high compliance costs for businesses, and a heavy administrative burden for national authorities. As part of the action plan on VAT, the European Commission adopted a new proposal in May 2018. This proposal would amend the VAT Directive (Directive 2006/112/EC) to introduce the detailed technical measures of the definitive VAT system for the intra-EU business to business (B2B) trade in goods. The present proposal follows another proposal that sets out the basic features of the reform of the common EU VAT system. Some aspects of the previous proposal were taken out of the negotiations to be examined with this one. Second edition of a briefing originally drafted by Ana Claudia Alfieri. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Mechanism to resolve legal and administrative obstacles in a cross-border context

25-01-2019

Often isolated, and with generally poorer access to public services, the EU's border regions face a unique set of challenges. This has been recognised under Article 174 of the Treaty on the Functioning of the European Union, which provides that particular attention should be paid to cross-border regions when developing action to strengthen the EU's economic, social and territorial cohesion. Yet while the EU has provided significant support over the years, particularly within the framework of European ...

Often isolated, and with generally poorer access to public services, the EU's border regions face a unique set of challenges. This has been recognised under Article 174 of the Treaty on the Functioning of the European Union, which provides that particular attention should be paid to cross-border regions when developing action to strengthen the EU's economic, social and territorial cohesion. Yet while the EU has provided significant support over the years, particularly within the framework of European territorial cooperation, helping to strengthen connectivity and create new growth and jobs, numerous obstacles continue to hamper cross-border cooperation. Organised to identify these remaining bottlenecks, the Commission's 2015 cross-border review revealed legal and administrative barriers to be the main obstacle to cross-border cooperation while, in parallel, the 2015 Luxembourg Presidency put forward plans for an EU cross-border mechanism, with an informal working group set up to develop the idea. Both processes have fed into discussions in recent years to create a mechanism for cross-border areas, leading to the current proposal, introduced as part of the multiannual financial framework's cohesion policy package. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Economic Dialogue with Spain - ECON on 22 January 2019

21-01-2019

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Nadia Calviño, Minister of Economía y Empresa in Spain, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last Economic Dialogue with the Spanish authorities took place in January 2014 and an exchange of views took place in November 2016 ...

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Nadia Calviño, Minister of Economía y Empresa in Spain, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last Economic Dialogue with the Spanish authorities took place in January 2014 and an exchange of views took place in November 2016.

Economic Dialogue and Exchange of Views with the President of the Council (ECOFIN)

18-01-2019

Eugen Orlando TEODOROVICI, Minister of Public Finance, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Romanian Presidency (January - July 2019). According to the Treaty of the Union “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This briefing provides an overview of the Romanian Presidency priorities in ECON matters and the Council work programme on the European ...

Eugen Orlando TEODOROVICI, Minister of Public Finance, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Romanian Presidency (January - July 2019). According to the Treaty of the Union “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This briefing provides an overview of the Romanian Presidency priorities in ECON matters and the Council work programme on the European Semester for economic coordination during spring 2019. Reference is also made to further reading relating to the state-of-play on the implementation of the Stability and Growth Pact and the Macroeconomic Imbalance Procedure under the European Semester.

Use of financial data for preventing and combatting serious crime

17-01-2019

On 17 April 2018, the European Commission adopted a proposal for a directive intended to facilitate law enforcement authorities' access to and use of financial information held in other jurisdictions within the EU for investigations related to terrorism and other serious crime. In this sense, the proposed directive would grant competent authorities direct access to bank account information contained in centralised registries set up in each Member State, according to the provisions of the Fifth Anti-Money-Laundering ...

On 17 April 2018, the European Commission adopted a proposal for a directive intended to facilitate law enforcement authorities' access to and use of financial information held in other jurisdictions within the EU for investigations related to terrorism and other serious crime. In this sense, the proposed directive would grant competent authorities direct access to bank account information contained in centralised registries set up in each Member State, according to the provisions of the Fifth Anti-Money-Laundering Directive. The proposal also aims to strengthen domestic and cross-border exchange of information between EU Member States' competent authorities, including law enforcement authorities and financial intelligence units, as well as with Europol. Following the Council's adoption of its negotiating position in November 2018, on 3 December 2018, the European Parliament's Committee on Civil Liberties adopted its report and mandate in view of interinstitutional negotiations. This mandate was confirmed in plenary in December 2018.

Research for REGI Committee - Implementation of Cohesion Policy in the 2014-2020 Programming Period - January 2019 UPDATE

17-01-2019

The implementation timetable for cohesion policy is defined largely by its legislative framework, which explicitly provides for European Parliament involvement in a number of cases. In order to be able to plan parliamentary work and exercise systematic scrutiny of policy implementation and of the Commission’s work, it is essential to have an overview of the expected timing of different steps in policy implementation in the coming years. The briefing was first published in 2014, and has been updated ...

The implementation timetable for cohesion policy is defined largely by its legislative framework, which explicitly provides for European Parliament involvement in a number of cases. In order to be able to plan parliamentary work and exercise systematic scrutiny of policy implementation and of the Commission’s work, it is essential to have an overview of the expected timing of different steps in policy implementation in the coming years. The briefing was first published in 2014, and has been updated since then. The briefing includes a detailed (but non-exhaustive) timetable of policy actions connected with the implementation of the European Structural and Investment Funds in 2019, together with an overview of major actions for the remainder of the programming period, from 2020.

Fact Finding visit to Italy ( Valledora-Piemonte) 17-18 December

17-12-2018

The aim of this briefing is to provide summarized information for the delegation of the Committee on Petitions which is to visit the above-mentioned Valledora area in the Piedmont Region of Italy from 17 to 18 December 2018.

The aim of this briefing is to provide summarized information for the delegation of the Committee on Petitions which is to visit the above-mentioned Valledora area in the Piedmont Region of Italy from 17 to 18 December 2018.

FEMM Mission to Italy - 17-19 December 2018

13-12-2018

The FEMM Committee requested the Policy Department for Citizens’ Rights and Constitutional Affairs to provide a briefing for a mission to Italy (17-19 December 2018). The focus of this FEMM mission is on conscientious objection to abortion in Italy and the trafficking of migrant women for prostitution in Italy. This briefing provides background information on both subjects.

The FEMM Committee requested the Policy Department for Citizens’ Rights and Constitutional Affairs to provide a briefing for a mission to Italy (17-19 December 2018). The focus of this FEMM mission is on conscientious objection to abortion in Italy and the trafficking of migrant women for prostitution in Italy. This briefing provides background information on both subjects.

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