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Postitatud 26-09-2017

Transposing international measures for Atlantic tuna fisheries into EU law

26-09-2017

Following the approval, in June 2017, of the outcome of interinstitutional negotiations by the Committee on fisheries, the European Parliament is due to vote on a proposal for a regulation concerning the conservation of tuna and tuna-like species, and the management of fisheries targeting these stocks in the Atlantic Ocean (including adjacent seas such as the Mediterranean), with a view to reaching a first-reading agreement. This legislative proposal aims to transpose into EU law a number of binding ...

Following the approval, in June 2017, of the outcome of interinstitutional negotiations by the Committee on fisheries, the European Parliament is due to vote on a proposal for a regulation concerning the conservation of tuna and tuna-like species, and the management of fisheries targeting these stocks in the Atlantic Ocean (including adjacent seas such as the Mediterranean), with a view to reaching a first-reading agreement. This legislative proposal aims to transpose into EU law a number of binding recommendations adopted by the International Commission for the Conservation of Atlantic Tunas (ICCAT), a regional fisheries management organisation to which the EU is a contracting party. To become applicable, notably to operators such as the masters of fishing vessels, these measures must be enacted in EU law. The European Commission is also proposing that future ICCAT recommendations for some fisheries management measures should become part of EU law through delegated acts. Owing to its purpose (transposition of internationally agreed measures), this legislative proposal is not accompanied by an impact assessment and was not the subject of a public consultation. Third edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure. To view earlier editions of this briefing, please see: PE.603.917, May 2017.

Value added tax: Administrative cooperation and combating fraud

26-09-2017

This proposal is part of a package of EU legislation that aims to modernise the VAT regime for cross-border B2C e-commerce. This proposed regulation provides the basis for the underlying IT infrastructure and the necessary cooperation by Member States to ensure the success of the extension of the Mini-One-Stop-Shop (MOSS). It contains provisions relating to – among other things – the exchange of information between competent authorities of Member States, and the control of transactions and taxable ...

This proposal is part of a package of EU legislation that aims to modernise the VAT regime for cross-border B2C e-commerce. This proposed regulation provides the basis for the underlying IT infrastructure and the necessary cooperation by Member States to ensure the success of the extension of the Mini-One-Stop-Shop (MOSS). It contains provisions relating to – among other things – the exchange of information between competent authorities of Member States, and the control of transactions and taxable persons, as well as Member States granting to the Commission access to statistical information contained in their electronic systems. This proposal is accompanied by a proposal for a Council Directive amending Directive 2006/112/EC and Directive 2009/132/EC as regards certain value added tax obligations for supplies of services and distance sales of goods; see our separate briefing on this proposal – 2016/0370(CNS).

The single monetary policy and its decentralised implementation: An assessment

15-09-2017

While the Eurosystem has considerably improved its operational transparency in the last few years, it is still lagging the Federal Reserve System (Fed), especially in terms of the information it provides on operating costs and staff numbers, for which it provides very scarce data. In addition, the available information is scattered throughout different publications, rather than being presented in a user-friendly fashion. Compared to the Fed, the Eurosystem seems to have higher staff numbers and operational ...

While the Eurosystem has considerably improved its operational transparency in the last few years, it is still lagging the Federal Reserve System (Fed), especially in terms of the information it provides on operating costs and staff numbers, for which it provides very scarce data. In addition, the available information is scattered throughout different publications, rather than being presented in a user-friendly fashion. Compared to the Fed, the Eurosystem seems to have higher staff numbers and operational costs for similar tasks. Also because of the Treaty requirement to implement monetary policy in a decentralised way, the Eurosystem’s implementation of monetary policy is fairly complex.

Parlamendiväline autor

Francesco PAPADIA, Alexander ROTH (Bruegel)

The single monetary policy and its decentralised implementation: An assessment

15-09-2017

The statutes of the European Central Bank (ECB) stipulate that it should have recourse to national central banks (NCBs) to carry out monetary policy operations. Such a structure would not be a problem if these operations were all identical across member states and if the resulting profits and losses were shared. But this is not the case today. In this sense, the euro area no longer has a ‘single’ monetary policy. There is little one can do about this situation, except to wait until the government ...

The statutes of the European Central Bank (ECB) stipulate that it should have recourse to national central banks (NCBs) to carry out monetary policy operations. Such a structure would not be a problem if these operations were all identical across member states and if the resulting profits and losses were shared. But this is not the case today. In this sense, the euro area no longer has a ‘single’ monetary policy. There is little one can do about this situation, except to wait until the government purchase programme ends and is then reversed. However, two steps could be undertaken already now: i) the granting of emergency liquidity assistance should be shifted to the ECB, and ii) the NCBs should be forbidden to undertake any financial operation that is not a direct consequence of their execution of the ECB’s monetary policy decisions. The existing stocks of assets (and liabilities), the so-called ANFA (Agreement on Net Financial Assets) holdings, which are not related to monetary policy, should be transferred to either national finance ministries or national special purpose vehicles.

Parlamendiväline autor

Daniel GROS (CEPS)

Gender Equality Policies in Croatia - Update

14-07-2017

This study provides an overview of gender equality policies in Croatia. Apart from providing the history of institutional and political development in Croatia in this area, it illustrates in particular issues related to gender equality in the labour market and employment, women entrepreneurs, women in decision-making positions, policies against violence against women, reconciliation of private and professional life, gender stereotypes, sexual health and rights, economic independence for women and ...

This study provides an overview of gender equality policies in Croatia. Apart from providing the history of institutional and political development in Croatia in this area, it illustrates in particular issues related to gender equality in the labour market and employment, women entrepreneurs, women in decision-making positions, policies against violence against women, reconciliation of private and professional life, gender stereotypes, sexual health and rights, economic independence for women and men, pay and pension gap, as well as national policies on eradication of gender based violence.

Parlamendiväline autor

Nada BODIROGA-VUKOBRAT, Adrijana MARTINOVIĆ,Faculty of Law, University of Rijeka, Croatia

Postitatud 25-09-2017

Work-life balance for parents and carers

25-09-2017

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission impact assessment (IA) accompanying the above proposal, submitted on 26 April 2017 and referred to Parliament’s Committee on Employment and Social Affairs. The proposal is a follow-up to the withdrawal of the Commission's proposal to revise Council Directive 92/85/EEC (the Maternity Leave Directive). After the withdrawal, the Commission announced its intention to prepare a new initiative with ...

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission impact assessment (IA) accompanying the above proposal, submitted on 26 April 2017 and referred to Parliament’s Committee on Employment and Social Affairs. The proposal is a follow-up to the withdrawal of the Commission's proposal to revise Council Directive 92/85/EEC (the Maternity Leave Directive). After the withdrawal, the Commission announced its intention to prepare a new initiative with a broader approach. The European Parliament has called in its resolutions for a comprehensive proposal from the Commission on work-life balance. In line with the Treaty on the Functioning of the European Union (TFEU), the Commission conducted a two-stage consultation with the social partners on work-life balance. There was no agreement among social partners to enter into direct negotiations to conclude an EU level agreement. A roadmap for the new initiative was published in August 2015 and the initiative was included in the Commission's 2017 work programme within the framework of the European Pillar of Social Rights. The Commission's proposal for a directive is part of a package of measures aiming to address women's underrepresentation in employment by improving conditions to reconcile work and family duties. The proposal builds on existing EU legislation (especially Directive 2010/18/EU on parental leave), policies and best practices of the Member States in the area of work-life balance.

Youth Employment Initiative (YEI) in Croatia

15-09-2017

The paper provides analysis of recent development in youth (un)employment and the implementation of the Youth Employment Initiative (YEI) in Croatia. The analysis covers recent trends in the employment and unemployment indicators, policies adopted to fight youth unemployment and inactivity and the analysis of YEI role in the context of the goal to reduce unemployment. This document was provided by Policy Department A at the request of the Committee on Employment and Social Affairs of the European ...

The paper provides analysis of recent development in youth (un)employment and the implementation of the Youth Employment Initiative (YEI) in Croatia. The analysis covers recent trends in the employment and unemployment indicators, policies adopted to fight youth unemployment and inactivity and the analysis of YEI role in the context of the goal to reduce unemployment. This document was provided by Policy Department A at the request of the Committee on Employment and Social Affairs of the European Parliament.

Parlamendiväline autor

Valerija BOTRIĆ, The Institute of Economics, Zagreb.

The Corporate Sector Purchase Programme (CSPP): Challenges and future prospects

15-09-2017

Large-scale asset purchase programmes are a form of monetary policy in which market interest rates are reduced by different amounts at different maturities – and lower them at the long rates that affect investment and consumption decisions. They are designed to stimulate spending by increasing liquidity, raising asset prices, creating wealth effects, lowering borrowing costs and increasing investment. Corporate bond purchases (CSPP) are complementary to, not an alternative to standard QE policies ...

Large-scale asset purchase programmes are a form of monetary policy in which market interest rates are reduced by different amounts at different maturities – and lower them at the long rates that affect investment and consumption decisions. They are designed to stimulate spending by increasing liquidity, raising asset prices, creating wealth effects, lowering borrowing costs and increasing investment. Corporate bond purchases (CSPP) are complementary to, not an alternative to standard QE policies. They increase the impact of QE policies; widen the pool of (potentially) high quality assets that can be used (itself a risk reducing measure that reduces the pressure on reserves); and make it easier to steer economic performance by reducing risk premia, that is sectoral or regional interest spreads. That not only reduces average borrowing costs; it delivers better economic performance where it matters most. More important perhaps, this technique allows us to bypass the risk aversion and regulatory constraints in the banking system that have limited the transmission of greater liquidity into loans and new investment spending despite lower borrowing costs. The risks to the ECB’s balance sheet appear to be small, and likely to be less than using bonds from highly indebted governments.

Parlamendiväline autor

Andrew HUGHES HALLETT

The corporate sector purchase programme (CSPP): Challenges and future prospects

15-09-2017

The ECB has adopted a variety of different unconventional monetary policy measures since the Global Financial Crisis. In 2016, the ECB additionally adopted the corporate sector purchase programme (CSPP), during which the ECB buys bonds of the private non-financial sector for the first time. One important reason for the adoption of the CSPP possibly was that business investment has been persistently weak in the euro area after the Global Financial Crisis. In this briefing paper, we provide a first ...

The ECB has adopted a variety of different unconventional monetary policy measures since the Global Financial Crisis. In 2016, the ECB additionally adopted the corporate sector purchase programme (CSPP), during which the ECB buys bonds of the private non-financial sector for the first time. One important reason for the adoption of the CSPP possibly was that business investment has been persistently weak in the euro area after the Global Financial Crisis. In this briefing paper, we provide a first assessment of the CSPP, including a discussion of challenges for and future prospects of the programme.

Parlamendiväline autor

Salomon FIEDLER, Nils JANNSEN, Matthias RADDANT (Kiel Institute for the World Economy)

Towards a circular economy-Waste management in the EU

25-09-2017

This STOA study explores waste management in the EU. Around one third of EU municipal waste was sent to landfill in 2012. To turn waste into a resource, waste management objectives must be aligned with the goals of a circular economy transition. This report highlights progress and challenges across Member States and in municipalities for (1) reducing waste, and (2) generating high-quality waste streams for re-use and recovery. It focuses on the current policy landscape, trends, and technologies for ...

This STOA study explores waste management in the EU. Around one third of EU municipal waste was sent to landfill in 2012. To turn waste into a resource, waste management objectives must be aligned with the goals of a circular economy transition. This report highlights progress and challenges across Member States and in municipalities for (1) reducing waste, and (2) generating high-quality waste streams for re-use and recovery. It focuses on the current policy landscape, trends, and technologies for the five waste streams identified in the European Commission´s Circular Economy Action Plan. Employment opportunities for the different steps of the waste hierarchy as well as future policy options are identified and discussed.

Parlamendiväline autor

EPRS, DG

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