1388

result(s)

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Publication type
Author
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Date

European Fund for Strategic Investments (EFSI): Management appointments

17-10-2018

The European Fund for Strategic Investments (EFSI) is backed by a guarantee from the EU budget to stimulate investment across the Union. The regulation governing EFSI sets out that the European Parliament, which is one arm of the EU budgetary authority, has to approve the appointments of the managing director and deputy managing director of EFSI. Parliament’s Committees on Budgets and on Economic and Monetary Affairs jointly recommend approving the re-appointment of the current managing director ...

The European Fund for Strategic Investments (EFSI) is backed by a guarantee from the EU budget to stimulate investment across the Union. The regulation governing EFSI sets out that the European Parliament, which is one arm of the EU budgetary authority, has to approve the appointments of the managing director and deputy managing director of EFSI. Parliament’s Committees on Budgets and on Economic and Monetary Affairs jointly recommend approving the re-appointment of the current managing director and deputy managing director. Parliament's consent will be subject to a vote planned for the October II plenary session.

Coordination and Surveillance of Budgetary Policies of Euro Area Member States During the Autumn Cycle

17-10-2018

This note gives a short overview of the main steps in the framework of euro area Member States’ budgetary policy coordination and surveillance during the autumn cycle of the European Semester. This enhanced monitoring and surveillance of euro area Member States’ budgetary policies is done in accordance with EU law. It aims to identify and correct at an early stage during the Semester cycle any risks of deviation from fiscal policy recommendations agreed by the Member States, ultimately by asking ...

This note gives a short overview of the main steps in the framework of euro area Member States’ budgetary policy coordination and surveillance during the autumn cycle of the European Semester. This enhanced monitoring and surveillance of euro area Member States’ budgetary policies is done in accordance with EU law. It aims to identify and correct at an early stage during the Semester cycle any risks of deviation from fiscal policy recommendations agreed by the Member States, ultimately by asking an updated draft budgetary plan.

Money laundering and tax evasion risks in free ports

17-10-2018

Freeports are conducive to secrecy. In their preferential treatment, they resemble offshore financial centres, offering both high security and discretion and allowing transactions to be made without attracting attention of regulators and direct tax authorities. This study argues that the legal anti-money laundering and tax evasion framework in place in the EU (and elsewhere) is only partially effective in combatting money laundering and tax evasion.

Freeports are conducive to secrecy. In their preferential treatment, they resemble offshore financial centres, offering both high security and discretion and allowing transactions to be made without attracting attention of regulators and direct tax authorities. This study argues that the legal anti-money laundering and tax evasion framework in place in the EU (and elsewhere) is only partially effective in combatting money laundering and tax evasion.

Citizenship by investment (CBI) and residency by investment (RBI) schemes in the EU

17-10-2018

This study analyses the state of play and issues surrounding citizenship and residency by investment schemes (so-called ‘golden passports’ and ‘golden visas’) in the EU. It looks at the economic social and political impacts of such schemes and examines the risks they carry in respect of corruption, money laundering and tax evasion.

This study analyses the state of play and issues surrounding citizenship and residency by investment schemes (so-called ‘golden passports’ and ‘golden visas’) in the EU. It looks at the economic social and political impacts of such schemes and examines the risks they carry in respect of corruption, money laundering and tax evasion.

An overview of shell companies in the European Union

17-10-2018

In April 2018, the European Parliament's Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) requested a study on shell companies in the EU. In response to this request, the Ex-Post Evaluation Unit (EVAL) and the European Added Value Unit (EAVA) of the European Parliamentary Research Service (EPRS) prepared this study. The study aims to contribute to a better understanding of the phenomenon of shell companies in the European Union. In particular, it approaches the issue through ...

In April 2018, the European Parliament's Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) requested a study on shell companies in the EU. In response to this request, the Ex-Post Evaluation Unit (EVAL) and the European Added Value Unit (EAVA) of the European Parliamentary Research Service (EPRS) prepared this study. The study aims to contribute to a better understanding of the phenomenon of shell companies in the European Union. In particular, it approaches the issue through a set of ‘proxy’ indicators at a member state level. It proceeds by presenting main risks associated with the shell companies. Finally, if presents policies aiming at mitigating these identified risks.

Outlook for the meetings of EU Heads of State or Government, 17-18 October 2018

16-10-2018

As has become the norm with European Council meetings, EU Heads of State or Government will convene on 17 and 18 October 2018 in different formats with varying compositions and levels of formality: a regular meeting of the European Council, and an enlarged Euro Summit of 27 Member States on 18 October, preceded by a European Council (Article 50) meeting on the 17 October over dinner. The agenda of the European Council meeting focuses on migration and internal security. Specific foreign policy issues ...

As has become the norm with European Council meetings, EU Heads of State or Government will convene on 17 and 18 October 2018 in different formats with varying compositions and levels of formality: a regular meeting of the European Council, and an enlarged Euro Summit of 27 Member States on 18 October, preceded by a European Council (Article 50) meeting on the 17 October over dinner. The agenda of the European Council meeting focuses on migration and internal security. Specific foreign policy issues might also be addressed at this meeting. The Euro Summit will discuss the state of play of negotiations on the deepening of Economic and Monetary Union (EMU), with a view to the next Euro Summit in December. However, the priority issue for Heads of State or Government will be Brexit. At the European Council (Article 50) meeting, EU-27 leaders are expected to discuss the progress that has been achieved in the negotiations so far, and possibly call for an extraordinary summit in November 2018.

EU policies – Delivering for citizens: Economic policy

16-10-2018

In the EU, although economic policy is the remit of each individual Member State, there is, nevertheless, multilateral coordination of economic policies between Member States. This framework was put severely to the test during the global financial crisis and the European sovereign debt crisis. Partly as a result, recovery in the EU was slower than recovery in the United States, and was not achieved equally by all Member States. Furthermore, it has to a large extent been based on accommodative fiscal ...

In the EU, although economic policy is the remit of each individual Member State, there is, nevertheless, multilateral coordination of economic policies between Member States. This framework was put severely to the test during the global financial crisis and the European sovereign debt crisis. Partly as a result, recovery in the EU was slower than recovery in the United States, and was not achieved equally by all Member States. Furthermore, it has to a large extent been based on accommodative fiscal and monetary policies that only partly hide underlying signs of fiscal or financial fragility in some Member States. To remedy this, the European institutions began a twofold process in 2011: initiatives were taken to strengthen the current framework for economic governance, and for banking supervision in the euro area while, in parallel, discussion began on possible ways to reduce the economic divergences between Member States, provide incentives for risk reduction and risk-sharing, render the governance process more transparent and ensure democratic accountability. In this latter area, several initiatives – which did not require changes in the EU Treaties – were taken between 2015 and 2017. In summer 2017, discussions on deepening the policy framework for economic and monetary union (EMU) intensified. This process, which was advocated in the five presidents' report (by the heads of the relevant EU institutions) and should be completed by 2025, is currently being considered at Member State level. The current state of play points towards two main orientations, dividing Member States into two groups: those that prioritise risk-sharing measures (such as France), and those that argue instead for further risk-reduction initiatives (for example, Germany). This lack of consensus has so far meant that the European Council has not been able to reach a breakthrough.

Non-performing loans in the Banking Union - Stocktaking and challenges

15-10-2018

This briefing gives a short introduction into the topic non-performing loans (NPLs), takes stock of the current situation in the euro area, touches on the impact of NPLs on credit supply, and summarises the activities taken at European level to address the problem.

This briefing gives a short introduction into the topic non-performing loans (NPLs), takes stock of the current situation in the euro area, touches on the impact of NPLs on credit supply, and summarises the activities taken at European level to address the problem.

Implementation and functioning of the '.eu' top level domain name

12-10-2018

The scope of the problem could have been defined in more precise terms. Furthermore, it remains unclear how the proposed options could help achieve one of the two general objectives of the initiative namely enabling or building an online European identity as the options (including the preferred one) are mostly concerned with the technical improvements of the regulatory framework. Stakeholder views do not appear to be fully reflected in the report and it is unclear how they fed into the IA. A more ...

The scope of the problem could have been defined in more precise terms. Furthermore, it remains unclear how the proposed options could help achieve one of the two general objectives of the initiative namely enabling or building an online European identity as the options (including the preferred one) are mostly concerned with the technical improvements of the regulatory framework. Stakeholder views do not appear to be fully reflected in the report and it is unclear how they fed into the IA. A more thorough integration of the recommendations of the Regulatory Scrutiny Board, which appear to be only partially addressed, would have benefited the quality if the IA.

Public finances in Euro Area Member States: selected indicators

08-10-2018

This document presents selected indicators on public finance for the Euro Area Member States and the Euro Area as a whole for 2017 (estimates) and in 2018 (forecasts). For each indicator, it provides a short explanation and the source. A final section provides some information on how the sustainability of public debt is assessed by European and international institutions. The table overleaf shows, inter alia, that in 2017.

This document presents selected indicators on public finance for the Euro Area Member States and the Euro Area as a whole for 2017 (estimates) and in 2018 (forecasts). For each indicator, it provides a short explanation and the source. A final section provides some information on how the sustainability of public debt is assessed by European and international institutions. The table overleaf shows, inter alia, that in 2017.

Upcoming events

17-10-2018
Public debate on the future of development with Bill Gates
Hearing -
DEVE
18-10-2018
Policy Dialogue with EUI: EP Elections - Challenges and Opportunities
Other event -
AFCO
18-10-2018
Gender-specific Measures in Anti-trafficking Actions
Hearing -
LIBE FEMM

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