1209

result(s)

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Publication type
Author
Keyword
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Expected real GDP growth for 2018 in EU Member States

12-12-2017

The map below shows the expected 2018 real Gross Domestic Product (GDP) growth based on the European Commission’s autumn 2017 forecast; the data will be updated on regular bases.

The map below shows the expected 2018 real Gross Domestic Product (GDP) growth based on the European Commission’s autumn 2017 forecast; the data will be updated on regular bases.

External author

New edition 2016

Expected Unemployment Rate for 2018 in EU Member States

12-12-2017

The map below shows the 2018 expected unemployment rate based on the European Commission’s autumn 2017 forecast; the data will be updated on regular bases once new forecasts will be available.

The map below shows the 2018 expected unemployment rate based on the European Commission’s autumn 2017 forecast; the data will be updated on regular bases once new forecasts will be available.

Finalisation of Basel III post-crisis reforms

12-12-2017

This note is mainly based on documents published by the Basel Committee on Banking Supervision (BCBS) on 7 December 2017 under the header Finalising Basel III post-crisis reforms, namely the High-level summary of Basel III reforms and the full text of the reforms. EGOV has previously published a briefing specifically on the role of the BCBS.

This note is mainly based on documents published by the Basel Committee on Banking Supervision (BCBS) on 7 December 2017 under the header Finalising Basel III post-crisis reforms, namely the High-level summary of Basel III reforms and the full text of the reforms. EGOV has previously published a briefing specifically on the role of the BCBS.

European Stability Mechanism

12-12-2017

A proposal to transform the European Stability Mechanism (ESM) into a European Monetary Fund (EMF) within EU law was adopted by the Commission on 6 December 2017. The publication of the proposal was announced in Annex I of the 2018 Commission work programme, as one of the actions within the item 'Completing the Economic and Monetary Union'. In the context of the proposal, this briefing provides information on the functioning of the ESM, which recently celebrated its fifth anniversary. The European ...

A proposal to transform the European Stability Mechanism (ESM) into a European Monetary Fund (EMF) within EU law was adopted by the Commission on 6 December 2017. The publication of the proposal was announced in Annex I of the 2018 Commission work programme, as one of the actions within the item 'Completing the Economic and Monetary Union'. In the context of the proposal, this briefing provides information on the functioning of the ESM, which recently celebrated its fifth anniversary. The European Stability Mechanism is an intergovernmental organisation that began operating on 8 October 2012, with the aim of providing financial assistance to euro-area countries experiencing or threatened by severe financing problems, and with a lending capacity of €500 billion. During the last five years, five EU countries: Ireland, Portugal, Greece, Cyprus and Spain have received support from the ESM. Around 33 % of the ESM's lending capacity has been committed.

Outlook for the meetings of EU leaders on 14-15 December 2017

12-12-2017

On 14 and 15 December 2017, EU leaders will convene in four different settings with varying compositions and levels of formality: a regular summit of the European Council, a Leaders’ meeting on migration, a European Council (Article 50) meeting, and an enlarged Euro Summit. The agenda of the formal European Council concentrates on defence, social policy, and education and culture, whilst the informal Leaders’ meeting will focus exclusively on migration, and notably on the reform of the Common European ...

On 14 and 15 December 2017, EU leaders will convene in four different settings with varying compositions and levels of formality: a regular summit of the European Council, a Leaders’ meeting on migration, a European Council (Article 50) meeting, and an enlarged Euro Summit. The agenda of the formal European Council concentrates on defence, social policy, and education and culture, whilst the informal Leaders’ meeting will focus exclusively on migration, and notably on the reform of the Common European Asylum System. At the European Council (Article 50) meeting, EU leaders will consider the Commission's recommendation that ‘sufficient progress’ has been made in the negotiations with the United Kingdom, and decide whether to move to the next phase. The enlarged Euro Summit will discuss further developments in the euro area, the banking union and the gradual completion of Economic and Monetary Union (EMU).

Understanding the rationale for compiling 'tax haven' lists

08-12-2017

With taxation constantly in the headlines as one tax leak follows another, the question of which tax jurisdictions are regularly associated with the schemes revealed has gained in importance. Broadly speaking, tax havens provide taxpayers, both legal and natural persons, with opportunities for tax avoidance, while their secrecy and opacity also serves to hide the origin of the proceeds of illegal and criminal activities. One may ask why establishing a list of tax havens is useful. Drawing up such ...

With taxation constantly in the headlines as one tax leak follows another, the question of which tax jurisdictions are regularly associated with the schemes revealed has gained in importance. Broadly speaking, tax havens provide taxpayers, both legal and natural persons, with opportunities for tax avoidance, while their secrecy and opacity also serves to hide the origin of the proceeds of illegal and criminal activities. One may ask why establishing a list of tax havens is useful. Drawing up such a list started with the actions to stop harmful tax practices arising from the discrepancy between the global reach of financial flows and the geographically limited scope of jurisdictions, matching or inside national borders. This difference is central to the inter-connected issues of tax avoidance, tax evasion and fraud, and money laundering. Whatever name is used (tax haven, offshore centre, non-cooperative jurisdiction) they all have in common that they make it possible to escape taxation: low or zero taxation, a fictitious residence (with no bearing on reality) and tax secrecy. The last two are key for hiding the ultimate beneficial owner, and consequently for money laundering. In short, the tax-haven issue reveals the discrepancy between real economic activity and the form and appearance given to it, through complex and global schemes. In the EU, the process of adopting a common list of non-cooperative tax jurisdictions was initiated as part of efforts towards good governance in tax, and the external dimension thereof. On 5 December 2017, the Council adopted a first common list.

Mapping the Cost of Non-Europe, 2014-19 - Fourth edition

07-12-2017

This study brings together work in progress on a long-term project to identify and analyse the 'cost of non-Europe' in a number of policy fields. This concept, first pioneered by the European Parliament in the 1980s, is used here to quantify the potential efficiency gains in today's European economy through pursuing a series of policy initiatives recently advocated by Parliament – from a wider and deeper digital single market to more systematic coordination of national and European defence policies ...

This study brings together work in progress on a long-term project to identify and analyse the 'cost of non-Europe' in a number of policy fields. This concept, first pioneered by the European Parliament in the 1980s, is used here to quantify the potential efficiency gains in today's European economy through pursuing a series of policy initiatives recently advocated by Parliament – from a wider and deeper digital single market to more systematic coordination of national and European defence policies or increased cooperation to fight corporate tax avoidance. The benefits are measured principally in additional GDP generated or more rational use of public resources. The latest analysis suggests that the European economy could be boosted by €1.75 trillion per year – or 12 % of EU-28 GDP (2016) – by such measures over time. The study is intended to make a contribution to the on-going discussion about the European Union's policy priorities over the current five-year institutional cycle, running from 2014 to 2019.

Statute for Social and Solidarity-based Enterprises

06-12-2017

Social enterprises combine societal goals with entrepreneurial spirit. These organisations focus on achieving wider social, environmental or community objectives. There is currently no specific European legal framework to help social enterprises to benefit from the internal market. Against this background, this European added value assessment identifies the challenges in the existing national legal frameworks regarding social enterprises. It argues that action at EU level would generate economic ...

Social enterprises combine societal goals with entrepreneurial spirit. These organisations focus on achieving wider social, environmental or community objectives. There is currently no specific European legal framework to help social enterprises to benefit from the internal market. Against this background, this European added value assessment identifies the challenges in the existing national legal frameworks regarding social enterprises. It argues that action at EU level would generate economic and social added value. Moreover, it outlines potential legislative measures that could be taken at EU level, and that could generate European added value through simplification and a coordinated approach in this area.

PANA committee of inquiry

05-12-2017

The European Parliament's 'Committee of Inquiry to investigate alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and tax evasion' (PANA committee) was established in June 2016. Its report and the recommendation submitted for adoption by the European Parliament's December plenary session now pave the way for further monitoring and follow-up actions.

The European Parliament's 'Committee of Inquiry to investigate alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and tax evasion' (PANA committee) was established in June 2016. Its report and the recommendation submitted for adoption by the European Parliament's December plenary session now pave the way for further monitoring and follow-up actions.

Implementation of the Social Pillar

05-12-2017

The European Pillar of Social Rights ('Social Pillar') was proclaimed and signed jointly by the Commission, Council and European Parliament, on 17 November 2017 at the Gothenburg Social Summit. The main challenge remains bringing this reference framework to all citizens across the EU. Due to limited EU competence in the social field, implementation is for the Member States, in cooperation with social partners. Parliament has repeatedly promoted the importance of focusing on three elements in the ...

The European Pillar of Social Rights ('Social Pillar') was proclaimed and signed jointly by the Commission, Council and European Parliament, on 17 November 2017 at the Gothenburg Social Summit. The main challenge remains bringing this reference framework to all citizens across the EU. Due to limited EU competence in the social field, implementation is for the Member States, in cooperation with social partners. Parliament has repeatedly promoted the importance of focusing on three elements in the implementation process: a life-cycle approach, governance and funding. The December plenary is due to hear statements from the Commission and Council, prior to the European Council meeting in December, at which there is to be further discussion on the social dimension of the EU, including education.

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