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Implementation of the Macroeconomic Imbalance Procedure: State of play - January 2020

16-01-2020

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by EU institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by EU institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

Economic Dialogue with the Other EU Institutions under the European Semester Cycles, January 2019

03-10-2019

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee of the European Parliament from January 2014 until January 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues.

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee of the European Parliament from January 2014 until January 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues.

Euroopa poolaasta: peamised etapid ELi tasandil

07-05-2019

Majanduspoliitika koordineerimise Euroopa poolaasta: peamised etapid ja osalised.

Majanduspoliitika koordineerimise Euroopa poolaasta: peamised etapid ja osalised.

Is transparency the key to citizens’ trust?

11-04-2019

Trust in political institutions is a key element of representative democracies. Trust in the rule of law is also the basis for democratic participation of citizens. According to the spring 2018 Eurobarometer survey of public awareness of the EU institutions, 50 % of respondents indicated they trust the European Parliament, which represents a 34 % increase since the beginning of the 2014-2019 legislative term. A transparent political decision-making processes has become a common objective to help ...

Trust in political institutions is a key element of representative democracies. Trust in the rule of law is also the basis for democratic participation of citizens. According to the spring 2018 Eurobarometer survey of public awareness of the EU institutions, 50 % of respondents indicated they trust the European Parliament, which represents a 34 % increase since the beginning of the 2014-2019 legislative term. A transparent political decision-making processes has become a common objective to help strengthen citizens’ trust in policy-makers and enhance the accountability of public administrations. In this regard, regulation of lobbying (the exchange between policy makers and stakeholders), and bolstering the integrity of this process, is often considered a vital ingredient. Public expectations for increased transparency of the exchange between policy-makers and interest representatives varies from one political system to the next, but it has increasingly become a topic of debate for parliaments across Europe, and a regular demand during election campaigns.

Plenary round-up – Brussels, November II 2018

30-11-2018

The highlights of the November II plenary session were the debate on the future of Europe with the Prime Minister of Denmark, Lars Løkke Rasmussen, and the discussion on the Council and Commission statements on UK withdrawal from the European Union. Debates were held on a Commission statement on the single market package and the long-term strategy for reducing EU greenhouse gas emissions. Members debated and adopted reports on five Western Balkan countries, as well as a report on the way forward ...

The highlights of the November II plenary session were the debate on the future of Europe with the Prime Minister of Denmark, Lars Løkke Rasmussen, and the discussion on the Council and Commission statements on UK withdrawal from the European Union. Debates were held on a Commission statement on the single market package and the long-term strategy for reducing EU greenhouse gas emissions. Members debated and adopted reports on five Western Balkan countries, as well as a report on the way forward for the World Trade Organization (WTO). A number of legislative reports were voted without debate, including on trade in goods that could be used for capital punishment, torture or other cruel treatment or punishment, the temporary reintroduction of border controls at the internal borders, and common rules for the operation of air services.

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.

Plenary round-up – Strasbourg, September 2018

14-09-2018

The highlight of September's plenary session was the State of the Union speech by the President of the European Commission, Jean-Claude Juncker, announcing a number of legislative proposals to come by the end of the Commission's mandate. The debate on the Future of Europe continued, this time with the Prime Minister of Greece, Alexis Tsipras. Lebanon's President, Michel Aoun, addressed Parliament as well as the Prime Minister of the former Yugoslav Republic of Macedonia, Zoran Zaev. Parliament approved ...

The highlight of September's plenary session was the State of the Union speech by the President of the European Commission, Jean-Claude Juncker, announcing a number of legislative proposals to come by the end of the Commission's mandate. The debate on the Future of Europe continued, this time with the Prime Minister of Greece, Alexis Tsipras. Lebanon's President, Michel Aoun, addressed Parliament as well as the Prime Minister of the former Yugoslav Republic of Macedonia, Zoran Zaev. Parliament approved, inter alia, proposals on the European Solidarity Corps, Single Digital Gateway, and countering money laundering. Parliament also voted an amended report on copyright in the digital single market which is now ready to be negotiated with the Council.

Public hearing with Elke König, Chair of the SRM Supervisory Board, presenting the SRB Annual Report 2017

06-07-2018

This note is prepared in view of a regular public hearing with the Chair of the Supervisory Board of the Single Resolution Board (SRB), Mrs Elke König, who will inter alia present the SRB Annual Report 2017. The EP received a copy of that report on a confidential basis, under embargo until the presentation of that report. In view of that restriction, this briefing does not refer to the Annual Report in any way. The following issues are addressed in this briefing: (i) resolution financing, including ...

This note is prepared in view of a regular public hearing with the Chair of the Supervisory Board of the Single Resolution Board (SRB), Mrs Elke König, who will inter alia present the SRB Annual Report 2017. The EP received a copy of that report on a confidential basis, under embargo until the presentation of that report. In view of that restriction, this briefing does not refer to the Annual Report in any way. The following issues are addressed in this briefing: (i) resolution financing, including the recently agreed backstop to the Single Resolution Fund (SRF) and considerations by the Eurogroup on further “work on a possible framework for liquidity in resolution, including on the possible institutional framework”; (ii) whether further harmonisation of insolvency law is necessary to complete the Banking Union ; (iii) an update on resolution cases (Banco Popular, ABLV, and Cyprus Cooperative Bank); (iv) current achievements in terms of the SRB’s work programm; (v) recent events concerning the SRB, and (vi) external briefing papers on the topic of “valuation reports”.

The institutional architecture of EU anti-fraud measures: Overview of a network

18-06-2018

In the European Union, several institutions, agencies and other bodies (collectively referred to as 'EU authorities') are concerned with preventing and combating fraud related to the EU budget. These EU authorities, and the activities they carry out – including policy-making, monitoring and operational tasks – make up a multi-layered network in which Member States and international organisations are also included. At the domestic level, national authorities contribute by detecting, prosecuting and ...

In the European Union, several institutions, agencies and other bodies (collectively referred to as 'EU authorities') are concerned with preventing and combating fraud related to the EU budget. These EU authorities, and the activities they carry out – including policy-making, monitoring and operational tasks – make up a multi-layered network in which Member States and international organisations are also included. At the domestic level, national authorities contribute by detecting, prosecuting and reporting fraudulent behaviour in the use of European Union funds to the European Commission. At the same time, a number of international organisations coordinate efforts across countries and legal systems to combat fraud. The present analysis offers an overview of this network, with a focus on the European Union institutional framework.

FATCA Legislation and its Application at International and EU Level

14-05-2018

This study commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the PETI Committee, analyzes FATCA legislation and its application at international and EU level: it first provides a global overview on exchange of tax information and of the FATCA mechanisms applied through intergovernmental agreements. The study then describes the extraterritorial nature and negative externalities of FATCA, in particular its impact on U.S. citizens ...

This study commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the PETI Committee, analyzes FATCA legislation and its application at international and EU level: it first provides a global overview on exchange of tax information and of the FATCA mechanisms applied through intergovernmental agreements. The study then describes the extraterritorial nature and negative externalities of FATCA, in particular its impact on U.S. citizens abroad and the potential conflicts with EU law, with specific attention to the right of FATCA data protection under the GDPR. It concludes with suggestions for bilateral and unilateral EU-U.S. policies, with final remarks on a multilateral approach.

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Carlo GARBARINO

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