Upcoming Broadcast

The spread of the COVID-19 virus represents a dramatic risk for the health and lives of our citizens but will also lead to unprecedented shocks for the economy and employment in Europe. The COVID-19 outbreak requires rapid responses from Member States and immediate and innovative joint action of the European institutions and Member States to counter another deep and protracted economic crisis in the aftermath of the health pandemic.

On Monday 13 July, 15:45 - 16:15, ECON Members will discuss the draft opinion regarding the EU 2021 budget. The process of the preparation of the EU 2021 budget depends to a large extent on the progress in the negotiations regarding the Multiannual Financial Framework (MFF). The opinion focuses, amongst other things, on budget related measures to fight the economic consequences of the COVID-19 crisis, and measures related to the EU Commission's Green Deal initiative.

On Monday 13 July, the Members of the ECON Committee will have a (remote) exchange of views on digital taxation with Pascal Saint Amans, Director at Organisation for Economic and Co-operation and development (OECD), and Benjamin Angel, Director at DG TAXUD (European Commission), taking into account the recent developments in the area at international and EU levels.

On 29 June from 17.00 to 17.40, ECON members held an exchange of views with the candidate selected for the position of Executive Director of the European Banking Authority, François-Louis Michaud. The vote in ECON on the appointment took place on 2 July. The result is as follows: 23 votes in favour, 24 against and 10 abstentions.

The FinTech Working Group held its second meeting on Thursday, 25 June, under the Chairmanship of MEP Stasys Jakeliūnas. The members of the WG discussed with representatives of the European Commission, DG FISMA - Mr Jan Ceyssens, Head of the “Digital Finance” Unit, and Deputy Head Mr Mattias Levin - important aspects of developments in the FinTech sector as well as effects of the COVID-19 crisis.

On 15 June from 15.45 to 18.45, the Committee on Economic and Monetary Affairs held a public hearing with IMF and OECD chief economists (Gopinath and Boone) and top academics (Gourinchas, Gabor, Hoogduin, Giacché and Pettifor) on "The COVID-19 outbreak, its expected impact on the EU economy and possible policy responses including monetary and fiscal measures" to receive first-hand information and discuss policy options to respond to the crisis in the best possible way.