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Policy Departments' Monthly Highlihts - May 2021 EN

En bref
Résumé : The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

First Recovery and Resilience Dialogue with the European Commission EN

07-05-2021 PE 659.651 ECON
Analyse approfondie
Résumé : Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the first Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing addresses the following subjects: the Recovery and Resilience Facility and its scrutiny; the framework for defining and assessing Recovery and Resilience Plans and the procedures and timelines for their adoption; the financing of the Facility; data on the current economic situation and some estimates on the impact of Facility. Five annexes present, respectively, a timeline of the Facility; the state of play with national plans; economic data; the European Semester roadmap and survey data on involvement of national parliaments in the Facility.
Auteurs : Alice ZOPPÉ, Jost ANGERER, OVIDIU IONUT TURCU, WOLFGANG LEHOFER, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

Research for CULT Committee - Europe’s media in the digital decade - An action plan to support recovery and transformation in the news media sector EN

07-05-2021 PE 690.873 CULT
Étude
Résumé : The Media Action Plan released by the European Commission in December 2020 is the first policy document explicitly setting out a vision and dedicated initiatives for the news media sector. This paper discusses the current situation of the sector and its revenue streams, the important impacts of the COVID-19 pandemic, and the main public and private funding models to support the sector.
Auteurs : KEA European Affairs: Arthur LE GALL

Investing in destabilisation: How foreign money is used to undermine democracy in the EU EN

06-05-2021 PE 653.631 INGE
Étude
Résumé : Foreign interference has become a major security threat for democracies. The European Union (EU) provides no exception and, in the last few years, has significantly stepped up its efforts to counter this threat. A specific type of foreign interference is the foreign funding of political parties. At the national level, regulations banning or limiting foreign funding are currently in place in most member states, but there is still significant variation across them. At the EU level, the recent reforms of the regulation on the funding of the Europarties and their associated foundations have banned contributions from abroad. Notwithstanding such welcome changes to party regulations, cases of foreign funding are still being reported in several member states, with foreign actors exploiting regulatory loopholes to channel funds or provide other types of support. To tackle this issue more effectively, regulatory convergence at the national level should be promoted, the transparency of party accounts should be enhanced, and the monitoring and sanctioning powers of the relevant control authorities strengthened.
Auteurs : Edoardo BRESSANELLI

Best Practices in the whole-of-society approach in countering hybrid threats EN

06-05-2021 PE 653.632 INGE
Étude
Résumé : Over recent years, the European Union has increased efforts to strengthen its resilience to hybrid threats. A model of preparedness based on the notions of ‘whole-of-society’, ‘whole-of-government’ and ‘societal resilience’ has gained ground in the EU’s policy work. Although some progress has been made, many obstacles and challenges remain. The EU needs to address conceptual questions involved with the mapping of hybrid threats to facilitate targeted and effective countermeasures, as well as initiatives to improve societal resilience. Although the EU recognises the strategic value of resilience, the concept’s precise meaning and level of added value remain vague. Its exact relationship to national preparedness and hybrid threats, as well as the whole-of-society approach requires clarification. In addition to addressing these issues, this study analyses some best practices from the whole-of-society approach by examining action taken by Finland, Sweden and Australia in this regard. The study also provides recommendations for further actions.
Auteurs : Mikael WIGELL;Harri MIKKOLA;Tapio JUNTUNEN

PUBLICATIONS CATALOGUE 2019-2021 EN

06-05-2021 PE 691.721 BUDG CONT
Catalogue
Auteurs : NIELS FISCHER

The impact of teleworking and digital work on workers and society EN

06-05-2021 PE 662.907 EMPL
En bref
Résumé : The study analyses recent trends in teleworking, its impacts on workers, employers, and society, and the challenges for policy-making. It provides an overview of the main legislative and policy measures adopted at EU and national level, in order to identify possible policy actions at EU level. The study is based on an extensive literature review, a web survey, interviews with representatives of European and national stakeholders, and five case studies of EU countries: Finland, Germany, Ireland, Italy and Romania.
Auteurs : Manuela SAMEK LODOVICI et al.

Country-Specific Recommendations for 2019 and 2020 - A tabular comparison and an overview of implementation EN

06-05-2021 PE 651.389 ECON
Étude
Résumé : This document presents: • The 2019 Country-Specific Recommendations proposed by the European Commission on 5 June 2019 and adopted by the Council on 9 July 2019 and • The European Commission’s assessments of the implementation of the 2018 Country-Specific Recommendations based on its Country Reports published on 27 February 2019. • The 2018 Country-Specific Recommendations proposed by the European Commission on 23 May 2018 and adopted by the Council on 13 July 2018
Auteurs : Jost ANGERER, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

Research for CULT Committee - The Situation of Artists and Cultural Workers and the post-COVID Cultural Recovery in the European Union : Policy Recommendations Concomitant expertise for INI report EN

04-05-2021 PE 652.252 CULT
Briefing
Résumé : The following recommendations present medium- and long-term policy solutions to address the needs identified in the Background Analysis “The Situation of Artists and Cultural Workers and the post-COVID Cultural Recovery in the European Union”. Its aim is to provide guidelines and principles to structure the contents of the European Framework, and hence improve the situation and working conditions of artists and cultural workers in the EU.
Auteurs : Mafalda DÂMASO, Culture Action Europe

Research for CULT Committee - Education and youth in post-COVID-19 Europe - crisis effects and policy recommendations EN

04-05-2021 PE 690.872 CULT
Étude
Résumé : This paper demonstrates that the COVID-19 pandemic posed unprecedented and multidimensional challenges to the education systems and youth sector, revealing the lack of preparedness in terms of crisis management and digital education responses, as well as reinforcing structural weaknesses of education delivery. Given that various sectors of education and the youth sector faced distinct challenges, there are valuable lessons to be learnt from policy responses and best practices across Europe. The common goal should be to build more resilient education systems, which are responsive and adaptive to future crises.
Auteurs : Public Policy and Management Institute: Loes VAN DER GRAAF, Jekatyerina DUNAJEVA, Hanna SIAROVA, Radvile BANKAUSKAITE

Update on recent banking developments - Calendar week 17 EN

30-04-2021 PE 659.642 ECON
Briefing
Résumé : This briefing gives an update on and summarises recent events and developments in the Banking Union, based on publicly available information. The following topics are specifically addressed: recent ECB banking supervision publications (the Targeted Review of Internal Models Project Report, the ECB annual report on supervisory activities and the most recent supervisory statistics); the recent SRB guidance on bail-in for international debt securities; risks and vulnerabilities in the financial sector (ESRB Risk Dashboard; Joint Committee Report on Risks and Vulnerabilities); macroprudential concerns in the non-banking sector; recent ESMA publications (consultation on money market funds; peer review on CCPs supervision); and two reports on climate related risks published by the Basel Committee on Banking Supervision.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

The impact of teleworking and digital work on workers and society EN

30-04-2021 PE 662.904 EMPL
Étude
Résumé : The study analyses recent trends in teleworking, its impacts on workers, employers, and society, and the challenges for policy-making. It provides an overview of the main legislative and policy measures adopted at EU and national level, in order to identify possible policy actions at EU level. The study is based on an extensive literature review, a web survey, interviews with representatives of European and national stakeholders, and five case studies of EU countries: Finland, Germany, Ireland, Italy and Romania.
Auteurs : Manuela SAMEK LODOVICI et al.
Type de document

The role (and accountability) of the President of the Eurogroup EN

28-04-2021 PE 602.116 ECON
Briefing
Résumé : This note provides an overview of the role of the President of the Eurogroup, the procedures for his/her appointment, as well as proposals on a “full time position” as part of the wider debate on deepening the Economic and Monetary Union. The note also briefly addresses the mandate and working methods of the Eurogroup. In addition, this note refers to the debate around the transparency of Eurogroup proceedings. It is updated regularly.
Auteurs : Kajus HAGELSTAM, WOLFGANG LEHOFER, CRISTINA SOFIA PACHECO DIAS

Disinformation and propaganda: impact on the functioning of the rule of law and democratic processes in the EU and its Member States - 2021 update EN

27-04-2021 PE 653.633 INGE
Étude
Résumé : Between January 2019 and January 2021, the impact of disinformation actions and responses to them were considerably different than in previous years. Our research showed that disinformation actions increasingly merged with genuine content, and their sources became even more difficult to identify. Particularly strong impacts were seen in cases where disinformation and manipulative propaganda were spread by individuals with high levels of political authority, who enjoy the trust and attention of citizens. Diverse legislative and policy measurements were introduced by various Member States and third states, and civil society responses also flourished, particularly in relation to increasing resilience against disinformation. Ongoing research into the psychological mechanism of manipulation and resilience gives more detailed results. This study aims to provide recommendations on legislative and policy measures to protect democracy, the rule of law, and fundamental rights from the impact of disinformation, as well as to create a structured informational ecosystem which promotes and protects these values.
Auteurs : Judit BAYER;Bernd HOLZNAGEL;Katarzyna LUBIANIEC;Adela PINTEA;Josephine B. SCHMITT;Judit SZAKÁCS;Erik USZKIEWICZ

Primacy's Twilight? On the Legal Consequences of the Ruling of the Federal Constitutional Court of 5 May 2020 for the Primacy of EU Law EN

27-04-2021 PE 692.276 AFCO
Étude
Résumé : The study analyses the repercussions of the judgment of the German Federal Constitutional Court of 5 May 2020. It puts the decision into context, makes a normative assessment, analyses possible consequences and makes some policy recommendations.
Auteurs : Niels Petersen - Konstantin Chatziathanasiou

Inter-institutional relations in the treatment of petitions: the role of the Commission EN

26-04-2021 PE 659.507 PETI
Étude
Résumé : This study was commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the PETI Committee. It presents an analysis of the EU right to petition, as a key element of participatory democracy, and its procedure with a focus on the cooperation between the Committee on Petitions and the Commission. It examines the procedures to deal with petitions and infringements of EU law, in particular EU environmental law. It provides an overview of key features of national petition systems in relation to the EU system and proposes recommendations for action by the EP and the Commission to improve the way petitions are handled.
Auteurs : Maxime MOULAC, Consultant for Milieu Consulting SRL. Marta BALLESTEROS, Senior Lawyer and Manager for Milieu Consulting SRL.

Policy Departments’ Monthly Highlights - April 2021 EN

En bref
Résumé : The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The Euro Area Fiscal Stance EN

21-04-2021 PE 587.374 ECON
Briefing
Résumé : The concept of “Euro area fiscal stance” is used by European and international institutions, as well as academics, to measure the discretionary fiscal effort at the level of euro area as a whole. From 2012 to 2018, the Commission has referred to the euro area fiscal stance in its “Opinions on Draft Budgetary Plans” and has expressed its position on the appropriate fiscal stance in its proposals for the Council recommendation on the economic policies of the euro area. The concept became more prominent with the publication of the Commission Communication on “Towards a Positive Fiscal Stance” of November 2016. Since 2019, however, the Commission has not explicitly proposed an appropriate euro area fiscal stance for the upcoming year. The euro area fiscal stance is also the subject of a report and of a recommendation by the European Fiscal Board. This note (which is regularly updated) provides an overview of the concept and of the latest developments.
Auteurs : Alice ZOPPÉ, GIULIA GOTTI

Research for CULT Committee - Approaches of the Council and the Commission to the European Education Area EN

20-04-2021 PE 690.865 CULT
Briefing
Résumé : In September 2020, the Commission published a communication on achieving the European Education Area by 2025 with an ambitious strategy revolving around six key dimensions (European Commission, 2020a). In February 2021, in its resolution on a strategic framework for European cooperation in education and training towards the European Education Area and beyond (2021-2030), the Council welcome the Commission’s proposal (Council of the European Union, 2021). It set out a series of ‘strategic priorities’ bearing some similarities with the key dimensions mentioned above but giving less prominence to inclusion and the geopolitical dimension while putting a stronger focus on lifelong learning and mobility.
Auteurs : PIERRE MARIE HERIARD

The traumas endured by refugee women and their consequences for integration and participation in the EU host country EN

19-04-2021 PE 691.875 FEMM
Étude
Résumé : This study was commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the FEMM Committee. The study focuses on the trauma that refugee and asylum-seeking women suffer when reaching their host country. Drawing on an extensive survey of scientific literature, international organisations’ reports, websites, press, and discussions with relevant experts, it highlights survivors' different needs and the structural, cultural and psychological barriers to their resettlement in the EU. It argues for coordinated, gender- and culture-sensitive policies, EU collective responsibility in managing the refugee crisis and multi-level interventions from an intersectionality perspective.
Auteurs : Dr Konstantina DAVAKI

Recherche pour la commission REGI − Politique de cohésion et changement climatique

15-04-2021 PE 652.247 REGI
Étude
Résumé : Le réchauffement de la planète − une augmentation significative de la température moyenne de la surface de la Terre due à l’activité humaine depuis la période préindustrielle − entraîne des modifications à long terme des conditions météorologiques moyennes. Le changement climatique provoqué par le réchauffement planétaire a des effets considérables, essentiellement négatifs, sur les économies, les sociétés et l’environnement. Afin d’atténuer le changement climatique en s’attaquant aux causes du réchauffement planétaire, notamment en réduisant les émissions de gaz à effet de serre, il convient d’apporter une réponse globale et coordonnée au niveau mondial. Il est également nécessaire de développer davantage la capacité d’adaptation aux conséquences déjà visibles du changement climatique, dont les effets sont susceptibles de perdurer pendant des décennies voire des siècles, même si des mesures immédiates sont prises.
Auteurs : Project leader: Andrea Ciffolilli (Ismeri Europa) Research team: Paolo Antonelli, Elisa Anna di Palma and Giorgia Pichini (Ismeri Europa), João Telha and Goncalo Caetano (CEDRU).
Type de document

EU economic developments and projections EN

14-04-2021 PE 645.716 ECON
Briefing
Résumé : This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions
Auteurs : Javier María VEGA BORDELL, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

Single Resolution Board: Accountability arrangements (9th parliamentary term) EN

14-04-2021 PE 659.621 ECON
Briefing
Résumé : This document provides an overview of public hearings and exchange of views with the Chair of the Single Resolution Board (SRB) in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the SRB. For an overview of public hearings during the 8th parliamentary term, please see here.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL

Single Supervisory Mechanism: Accountability arrangements (9th parliamentary term) EN

14-04-2021 PE 659.623 ECON
Briefing
Résumé : This document provides an overview of public hearings and exchange of views with the Chair of the European Central Bank (ECB) Supervisory Board in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the Single Supervisory Mechanism (SSM). For an overview of public hearings during the 8th parliamentary term, please see here.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL

The SURE: Implementation EN

13-04-2021 PE 659.638 ECON
Briefing
Résumé : Council Regulation 2020/672 established SURE, the European instrument for temporary support to mitigate unemployment risks in an emergency, which has been in force since 20 May 2020. This note provides an overview in tabular format of the SURE implementing decisions as adopted by Council, of Commission issuances under SURE and of disbursements. It will be regularly updated.
Auteurs : CRISTINA SOFIA PACHECO DIAS, GIULIA GOTTI, KATJA KOMAZEC

Research for REGI Committee -ISLANDS OF THE EUROPEAN UNION: State of play and future challenges EN

31-03-2021 PE 652.244 REGI
En bref
Résumé : This paper explores the specificities of islands of the European Union (including Outermost Regions), as well as their challenges and existing means of development. It aims to provide a basis for future discussions and research dedicated to islands’ situation, including the impact of the pandemic on their future development potential. This analysis includes an overview of policy responses for islands' challenges, focusing on Cohesion Policy. Recommendations address, inter alia, decarbonisation, sustainability, quality of life, public services, connectivity and integrated development.
Auteurs : Jacques LECARTE, Diana HAASE, ANDREEA MAIER

Proceedings of the workshop on Use of big data and AI in fighting corruption and misuse of public funds - good practice, ways forward and how to integrate new technology into contemporary control framework EN

31-03-2021 PE 691.722 BUDG
Étude
Résumé : Notes from the workshop on Use of big data and AI in fighting corruption and misuse of public funds - good practice, ways forward and how to integrate new technology into contemporary control framework. The workshop took place on 23 February 2021.
Auteurs : András SCHWARCZ

First appraisal of the EU-UK Trade and Cooperation Agreement by Policy Department A EN

Étude
Résumé : “Agreements concluded by the Union are binding upon the institutions of the Union and on its Member States.” (Article 216(2) TFEU). According to the Case-law of the Court of Justice of the European Union (CJEU), International law takes precedence over (secondary) EU law: “It should also be pointed out that, by virtue of Article 216(2) TFEU, where international agreements are concluded by the European Union they are binding upon its institutions and, consequently, they prevail over acts of the European Union (see, to this effect, Case C‑61/94 Commission v Germany [1996] ECR I‑3989, paragraph 52; Case C‑311/04 Algemene Scheeps Agentuur Dordrecht [2006] ECR I‑609, paragraph 25; Case C‑308/06 Intertanko and Others [2008] ECR I‑4057, paragraph 42; and Joined Cases C‑402/05 P and C‑415/05 P Kadi and Al Barakaat International Foundation v Council and Commission [2008] ECR I‑6351, paragraph 307)” . Arguably, acts adopted by bodies established by the EU-UK TCA could also enjoy primacy: “7 It follows [...] that decisions of the EEC-Turkey Association Council are measures adopted by a body provided for by the Agreement and empowered by the Contracting Parties to adopt such measures. 18 In so far as they implement the objectives set by the Agreement, such decisions are directly connected with the Agreement and, as a result of the second sentence of Article 22(1) thereof, have the effect of binding the Contracting Parties. 19 By virtue of the Agreement, the Contracting Parties agreed to be bound by such decisions and if those parties were to withdraw from that commitment, that would constitute a breach of the Agreement itself.
Auteurs : Andreas Huber at Al.

Impacts of the COVID-19 pandemic on EU industries EN

29-03-2021 PE 662.903 ITRE
Étude
Résumé : The COVID-19 crisis has had a substantial impact on the EU27 economy and triggered unprecedented policy responses across Europe and the globe. With evidence on the effects on the EU industry manifested until the beginning of 2021, this report aims to address the following key issues: (1) impact of COVID-19 on the EU economy as a whole and across sectors; (2) impact on strategic value chains; and (3) necessary recovery measures to meet the needs of the EU industry. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Industry, Research and Energy (ITRE).
Auteurs : Jan Maarten DE VET, Daniel NIGOHOSYAN, Jorge NÚÑEZ FERRER, Ann-Kristin GROSS, Silvia KUEHL, and Michael FLICKENSCHILD

Gender equality in the college of the European Court of Auditors EN

26-03-2021 PE 659.976 CONT
Briefing
Résumé : This briefing on gender balance in the college of the European Court of Auditors aims to shed light on the balance between male and female members, from a historical perspective as the ECA has a reputation of being a rather male-dominated institution.
Auteurs : Michaela FRANKE

Implementation of the EU Trust Funds and the Facility for Refugees in Turkey - Update- March 2021 EN

25-03-2021 PE 691.520 BUDG CONT
Analyse approfondie
Résumé : This paper proposes a factual overview of recent developments in the implementation of the EU Bêkou Trust Fund for the Central African Republic, the EU Regional Trust Fund in response to the Syrian crisis (Madad), the EU Trust Fund for Peace in Colombia, the EU Trust Fund for Africa and the Facility for Refugees in Turkey.
Auteurs : Alix DELASNERIE

Îles de l’Union européenne: situation actuelle et enjeux pour l’avenir

24-03-2021 PE 652.239 REGI
Étude
Résumé : Il n’existe pas de liste exhaustive ou harmonisée des îles de l’Union européenne (y compris les plus petites). Toutefois, selon certaines sources récentes, il y aurait quelque 2400 îles habitées dans l’EU-28. Ces îles appartiennent à treize États membres: la Pologne, l’Allemagne, le Danemark, la Suède, l’Estonie, la Finlande, les Pays-Bas, l’Italie, la France, la Grèce, l’Espagne, le Portugal et la Croatie (l’Irlande, Malte et Chypre sont des États membres insulaires). Depuis le retrait du Royaume-Uni de l’Union, ses territoires insulaires ne font plus partie des îles de l’Union. Il est à préciser que, parmi les îles, les régions ultrapériphériques (RUP) sont reconnues comme une catégorie spécifique. Ces territoires appartiennent à la France, à l’Espagne et au Portugal, mais sont situés dans des endroits très éloignés de l’Europe, dans l’Océan Atlantique ou l’Océan Indien.
Auteurs : Diana HAASE, ANDREEA MAIER

Interprétation et mise en oeuvre de l’article 50 du traité UE Analyse juridique et institutionnelle

24-03-2021 PE 690.964 AFCO
Étude
Résumé : Réalisée à la demande de la commission AFCO et pour le compte du département thématique des droits des citoyens et des affaires constitutionnelles, cette étude porte sur les défis constitutionnels et institutionnels auxquels l’Union européenne a été confrontée lors des négociations pour le Brexit. Elle cherche à déterminer si la version actuelle de l’article 50 du traité sur l’Union européenne (traité UE) a été appliquée de manière adéquate et si la procédure de retrait mise en oeuvre s’est avérée efficace et bien organisée.
Auteurs : PAPAGEORGIOU Ioannis
Type de document

Résumé exécutif

Implementation of the Stability and Growth Pact under pandemic times EN

22-03-2021 PE 659.618 ECON
Briefing
Résumé : This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of the latest Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecast. This document is regularly updated.
Auteurs : Jost ANGERER

Thematic digest: Non-performing loans and asset management companies EN

19-03-2021 PE 659.631 ECON
Briefing
Résumé : This document presents summaries of seven external papers commissioned by the European Parliament in November 2020 upon request of the Economic and Monetary Committee (ECON). Papers were delivered, analysed and published in March 2021. ECON has requested its Banking Expert Panel to address the topic of “Non-performing Loans – New Risks and Policies”.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

Public hearing with Elke König, Chair of the Single Resolution Board EN

19-03-2021 PE 659.640 ECON
Briefing
Résumé : This note is prepared in view of an ordinary public hearing with the Chair of the Single Resolution Board (SRB), Elke König, which will take place on 23 March 2021. This briefing addresses the review of the crisis management framework; contributions to the SRF; resolvability assessments, following a European Court of Auditors report; the relationship with the United Kingdom; the EBA’s benchmarking of national insolvency regimes; and SRB publications, including the MREL dashboard for Q3, 2020, a Communication on the permission regime for the reduction of eligible liabilities, and access to financial market infrastructures in resolution.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE

Public hearing with Andrea Enria, Chair of the ECB Supervisory Board EN

19-03-2021 PE 659.637 ECON
Analyse approfondie
Résumé : This note is prepared in view of a regular public hearing with the Chair of the Supervisory Board of the European Central Bank (ECB), Andrea Enria, which will take place on 23 March 2021. During the hearing, Chair Enria will present the Annual Report on supervisory activities 2020, which will be published the same day. This paper addresses (i) the implications of supervisory measures in response to COVID-19; (ii) supervisory work for 2021 (supervisory priorities, stress test, fit and proper assessments, recovery planning); (iii) medium and longer term structural risks (Basel III, anti-money laundering, climate risk, and completing the Banking Union); (iv) recent ECB publications; and (v) recent developments in the banking sector relating to the Greensill case.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

Update on Wirecard case: public hearing EN

18-03-2021 PE 659.639 ECON
Briefing
Résumé : This paper updates and summarises earlier briefings on the Wirecard case, ahead of a public hearing on 23 March organised by the JURI and ECON Committees of the European Parliament. It also describes the most recent developments on the basis of information available in the public domain.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

Thematic digest: When and how to unwind COVID-support measures to the banking system EN

18-03-2021 PE 659.641 ECON
Briefing
Résumé : This document presents the summaries of four external papers commissioned by EGOV in November 2020 upon request of the Economic and Monetary Committee (ECON). Papers were delivered, analysed and published in March 2021. ECON has requested its Banking Panel to address the question of when and how to unwind COVID-support measures to the banking system.
Auteurs : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE, GIULIA GOTTI, KATJA KOMAZEC

When and how to unwind COVID-support measures to the banking system? The quest for safe landing place EN

17-03-2021 PE 659.650 ECON
Analyse approfondie
Résumé : Bank loans increased considerably in 2020, due to an unprecedented wave of extraordinary measures aimed at supporting bank borrowers. Where constraints posed by public-sector deficits were tighter, the response was more focused on contingent/fiscally-neutral measures (e.g. public guarantees and moratoria), which might lead to greater unbalances in the future. Post-Covid recovery can be expected to be selective in nature, both across industries and within. Accordingly, emergency measures cannot simply be dismantled, but rather must be replaced by interventions aimed at smoothing the transition towards a different economic environment.
Auteurs : A. Resti

Non-performing Loans - New risks and policies? NPL resolution after COVID-19 EN

15-03-2021 PE 651.387 ECON
Étude
Résumé : This paper discusses policy implications of a potential surge in NPLs due to COVID-19. The study provides an empirical assessment of potential scenarios and draws lessons from previous crises for effective NPL treatment. The paper highlights the importance of early and realistic assessment of loan losses to avoid adverse incentives for banks. Secondary loan markets would help in this process and further facilitate bank resolution as laid down in the BRRD, which should be uphold even in extreme scenarios.
Auteurs : J. Kasinger, J.P. Krahnen, S. Ongena, L. Pelizzon, M. Schmeling, M. Wahrenburg

Non-performing Loans - New risks and policies? NPL resolution after COVID-19 EN

15-03-2021 PE 651.388 ECON
Étude
Résumé : The COVID-19 crisis is a significant and exogenous shock to the EU corporate sector, with implications for the operations and funding of many businesses. We compare key indicators for the global financial crisis (GFC) and the current situation, and assess implications for the policy response. We find that while many policy actions taken in response to the GFC remain valid, the nature of COVID-19 suggests a more tailored response is appropriate, with support focused on sectors most directly affected and corporates whose continuation value exceeds their liquidation value.
Auteurs : J. Haynes, P.Hope, H. Talbot

Non-performing Loans - New risks and policies? NPL resolution after COVID-19 EN

12-03-2021 PE 659.648 ECON
Analyse approfondie
Résumé : This paper reviews the main differences between the prospects for NPL build-up and resolution between the current pandemic and the financial crisis of 2008-2009. To facilitate NPL reduction following the pandemic, the ECB should actively counter the revealed tendency of banks with low profitability to implement relatively low loan loss provisions.
Auteurs : A. C. Bertay, H. Huizinga

When and how to unwind COVID-support measures to the banking system? EN

12-03-2021 PE 659.649 ECON
Analyse approfondie
Résumé : This in-depth analysis proposes ways to retract from supervisory COVID-19 support measures without perils for financial stability. It simulates the likely impact of the corona crisis on euro area banks’ capital and predicts a significant capital shortfall. We recommend to end accounting practices that conceal loan losses and sustain capital relief measures. Our in-depth analysis also proposes how to address the impending capital shortfall in resolution/liquidation and a supranational recapitalisation.
Auteurs : T. Tröger, R. Haselmann

Thinking Beyond the Pandemic: Monetary Policy Challenges in the Medium- to Long-Term EN

12-03-2021 PE 658.221 ECON
Étude
Résumé : The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into consideration, along with other pro-inflationary factors, in the post-pandemic era. It must also think in advance about how to avoid a policy trap coming from fiscal dominance. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Marek DABROWSKI

EU/EA measures to mitigate the economic, financial and social effects of coronavirus State of play 8 March 2021 EN

09-03-2021 PE 645.723 ECON
Analyse approfondie
Résumé : This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19 since its outbreak to early March 2021.
Auteurs : Kajus HAGELSTAM, Jost ANGERER, Marcel MAGNUS, Drazen RAKIC, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE

When and how to unwind COVID-support measures to the banking system? EN

09-03-2021 PE 659.646 ECON
Analyse approfondie
Résumé : Designing exit strategy requires judgment, coordination among different institutions, and graduality. Restoring banks’ balance sheet transparency is a first-order objective. To this end, borrower relief measures should be phased out ahead of the other measures. Relaxation of loan classification and provisioning policies can be lifted in a second stage. The last one to be unwounded would be capital relief initiatives. To provide banks time and space of manoeuvre, exit strategies needs to be communicated in a clear and timely manner.
Auteurs : T. Beck, B. Bruno, E. Carletti

Non-performing loans - new risks and policies? What factors drive the performance of national asset management companies? EN

09-03-2021 PE 651.386 ECON
Étude
Résumé : In the past decade, asset management companies (AMCs) have been an effective tool for relieving banks of large portfolios of non-performing loans (NPLs). Managed over time, AMCs can reduce the financial burden on the overall system. This paper is based on the existing literature and EU experiences of national AMCs created in the aftermath of the global financial crisis. It discusses the advantages and disadvantages of using AMCs, and considers the key elements in their design.
Auteurs : E. Avgouleas, R. Ayadi, M. Bodellini, B. Casu, W. P. De Groen, G. Ferri

EU Trade Policy: how can FTAs better deliver for SMEs? EN

08-03-2021 PE 653.627 INTA
Briefing
Résumé : These briefings discuss how free trade agreements (FTAs) can help small and medium-sized enterprises (SMEs). It provides an overview of FTAs with provisions supporting SMEs internationalise. Based on a literature review, we also discuss the main challenges and concerns for SMEs doing business in third countries. First, we show the current situation of European SMEs with respect to internationalisation and highlight the corresponding benefits. Following previous literature on the topic, we distinguish between SMEs without international operations and SMEs that are already internationalised and discuss how different barriers can affect them. Finally, the last section discusses initiatives at the EU and national level to support SMEs and concludes with a set of recommendations how to better support them.
Auteurs : Thibo CLICTEUR, Frauke DE TEMMERMAN, Duy HUYNH-OLESEN, Katrien NUYTS, Nazareno BRAITO, Davide CECCANTI

Benefits of EU trade agreements for small and medium-sized enterprises (SMEs) EN

08-03-2021 PE 653.628 INTA
Briefing
Résumé : This briefing discusses how free trade agreements (FTAs) can help small- and medium-sized enterprises (SMEs). It provides an overview of the FTAs that the EU has concluded, along with a classification and a discussion of key provisions on and for SMEs. Several pioneering agreements are studied more closely, including the EU-Japan, EU-Canada, EU-Mercosur and EU-UK agreements. To conclude, the briefing assesses SME awareness of FTA chapters and analyses the related benefits.
Auteurs : Thibo CLICTEUR, Frauke DE TEMMERMAN, Duy HUYNH-OLESEN, Katrien NUYTS

Challenges and concerns for small and medium-sized enterprises (SMEs) doing business in third countries EN

08-03-2021 PE 653.629 INTA
Briefing
Résumé : This briefing discusses the main challenges and concerns for SMEs doing business in third countries. First, we show the current situation of European SMEs with respect to internationalisation and highlight the corresponding benefits. Second, based on previous literature on the topic, we distinguish between SMEs without international operations and SMEs that are already internationalised and discuss how different barriers can affect them.
Auteurs : Nazareno BRAITO, Davide CECCANTI, Duy HUYNH-OLESEN

EU actions to overcome challenges of small and medium-sized enterprises (SMEs) EN

08-03-2021 PE 653.630 INTA
Briefing
Résumé : This briefing discusses the actions that the EU could take to properly tackle the challenges that SMEs are currently facing. Several initiatives have already been launched, such as the EU Helpdesk, the Access2Markets Platform and the CTEO. The pros and cons of these initiatives are outlined, and examples and a general assessment are provided. In a second step, several actions of Member States and commerce organisations are highlighted and a detailed classification provided. In a final step, recommendations are formulated for helping the EU to overcome the challenges and concerns of SMEs, to support and improve day-to-day business activities, and facilitate internationalisation.
Auteurs : Nazareno BRAITO, Davide CECCANTI , Frauke DE TEMMERMAN, Duy HUYNH-OLESEN

Policy Departments’ Monthly Highlights - March 2021 EN

En bref
Résumé : The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Non-performing Loans - New risks and policies? - What factors drive the performance of national asset management companies? EN

08-03-2021 PE 659.647 ECON
Analyse approfondie
Résumé : This paper develops, on the basis of a cost-benefit analysis, on the conditions that must be met for an Asset Management Company (AMC), established under the centralised approach in EU Member States, to efficiently facilitate the management and recovery of non-performing loans (NPLs). It concludes that public AMCs, even if optimally designed, should not be viewed as a ‘panacea’ but as one of several measures that can be taken to address the NPL problem and prevent bank failures.
Auteurs : C. V. Gortsos

Obstacles to the Free Movement of Rainbow Families in the EU EN

08-03-2021 PE 671.505 PETI
Étude
Résumé : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the PETI Committee, examines: (i) the obstacles that rainbow families (same-sex couples, with or without children) face when they attempt to exercise their free movement rights within the EU, including examples in petitions presented to the PETI committee; (ii) how EU Member States treat same-sex married couples, registered partners, unregistered partners, and their children in cross-border situations; and (iii) action that EU institutions could take to remove these obstacles.
Auteurs : TRYFONIDOU Alina, WINTEMUTE Robert

Non-performing Loans – Different this Time? NPL resolution after COVID-19 EN

05-03-2021 PE 659.645 ECON
Analyse approfondie
Résumé : Model estimates of NPLs of a large sample of banks in the euro area suggest that macro-economic factors drive NPLs. This implies that the NPL-ratio may not increase in a similar fashion as after the global financial crisis. However, the low fit of the model shows that idiosyncratic factors play a major role in explaining NPLs. This is illustrated in a case study for the Netherlands which suggests that deferred tax payments may lead to increasing NPLs. This paper was prepared by the Economic Governance Support Unit (EGOV) at the request of the Committee on Economic and Monetary Affairs (ECON).
Auteurs : Jakob DE HAAN

Economic Dialogue with the other EU Institutions under the European Semester Cycles during the 9th legislative term State of play - March 2021 EN

04-03-2021 PE 624.436 ECON
Briefing
Résumé : This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee(s) of the European Parliament since September 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues. For an overview Economic Dialogues between January 2014 and January 2019, please see separate document. For an overview of Economic Dialogues with EU Member States, please see separate document.
Auteurs : Kajus HAGELSTAM

When and how to unwind COVID-support measures to the banking system? EN

04-03-2021 PE 659.636 ECON
Analyse approfondie
Résumé : This paper examines regulatory measures and supervisory practices that have supported public guarantee schemes and moratoria in euro-area countries. The focus is on flexibility shown with regard to default classifications, accounting practices and the treatment of non-performing loans. The paper identifies a number of undesirable effects and examines how soon such policies can be normalised. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.
Auteurs : A. Lehmann, Bruegel

Non-performing Loans - New risks and policies? - What factors drive the performance of national asset EN

04-03-2021 PE 645.734 ECON
Étude
Résumé : In this study we examine the experience of Member States with Asset Management Companies (AMCs) to understand their opportunities and risks, and deeper determinants of performance, and draw some lessons for exploring potential solutions at an EU level. This document was provided/prepared by Economic Governance Support Unit at the request of the ECON Committee.
Auteurs : D. Ramos, M. Lamandini

Path to Recovery: Dangers of Cliff Effects EN

04-03-2021 PE 662.898 ECON
Étude
Résumé : From the onset of the COVID-19 pandemic, fiscal, monetary and prudential authorities were quick to provide an unprecedented level of support to the real economy and the financial system. Most adopted measures are temporary and due to be phased out once economic and financial conditions start improving. However, an untimely and divergent phase-out would introduce potentially destabilising cliff effects that could lead to increased fragility among euro area governments, firms and households. Four papers were prepared by the ECON Committee’s Monetary Expert Panel, discussing the possible cliff effects and ways to mitigate them, while weighing the benefits and costs of protracted policy support. This publication is prepared by Policy Department A for the Committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with ECB President Lagarde on 18 March 2021.
Auteurs : Charles WYPLOSZ, Daniel GROS, Farzaneh SHAMSFAKHR, Klaus-Jürgen GERN, Jan Phillip FRITSCHE, Anna GIBERT, Chi Hyun KIM

Recalibrated Monetary Policy Instruments to Address the Economic Fallout from COVID-19 EN

04-03-2021 PE 662.899 ECON
Étude
Résumé : In response to the COVID-19 pandemic and the severe recession it has produced, the ECB Governing Council has adopted, since March 2020, an extraordinary set of monetary policy measures aimed at preserving favourable financing conditions and safeguarding price stability in the face of high uncertainty. The monetary policy instruments were recalibrated in the course of 2020, lastly in December 2020. Four papers were prepared by the ECON Committee’s Monetary Expert Panel, discussing the effectiveness and side effects of the monetary policy instruments employed as well as interactions between them. This publication is prepared by Policy Department A for the Committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with ECB President Lagarde on 18 March 2021.
Auteurs : Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI, Marek DABROWSKI, Christophe BLOT, Caroline BOZOU, Jérôme CREEL, Pierpaolo BENIGNO, Paolo CANOFARI, Giovanni DI BARTOLOMEO, Marcello MESSORI

European Parliament involvement in scrutinising the Recovery and Resilience Facility EN

02-03-2021 PE 659.627 ECON
Briefing
Résumé : This note provides a brief overview of Parliament involvement in scrutinising the Recovery and Resilience Facility (and the European Union Recovery Instrument). It is based on Regulation 2021/241 of 21 February, setting out the Recovery and Resilience Facility, and the relevant parts of the new Interinstitutional Agreement on budgetary matters established between the Parliament, the Council and the Commission. It does not cover nor discusses in detail other instruments or frameworks for scrutiny, namely those relating to the European Semester, EU budgetary procedures, written or oral questions or any discharge procedures.
Auteurs : CRISTINA SOFIA PACHECO DIAS, ISABEL LARA MIRANDA

Women's rights and well-being in a post-Covid world: Internet of things (IoT) and related abuses, new ways of working, teleworking, tele-learning, unpaid care and housework, women in leadership and decision-making process EN

02-03-2021 PE 690.358 FEMM
Briefing
Résumé : On the International Women’s Day, let us recall the context in which the current event is taking place. Just about a year ago, the World Health Organisation proclaimed the COVID 19 as the global pandemics. In the scope of several weeks, it has affected all the countries in the world and persists until this day, in spite of the existence of vaccines. Hence, further societal developments are uncertain and more changes within it are to be expected. In the sections below, the Policy Department tries to address the selected sectors of society affecting women and girls by changes resulting from the effects of the COVID 19 pandemics.
Auteurs : JOHANNES HEEZEN, Martina SCHONARD, INA SOKOLSKA, KATARZYNA MAGDALENA KARPINSKA

The Gender Gap in the EU’s Public Employment and Leadership EN

02-03-2021 PE 689.276 FEMM
Étude
Résumé : This Study has been commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the FEMM Committee. It provides a situational analysis of the gender gap in EU and Member States public sector, administration and sphere and identifies promising policy measures for reducing it.
Auteurs : Clara COTRONEO, Olivia BROWN, Iwona KARWOT - European Institute of Public Administration

Research for CULT Committee - Making the European Education Area a reality: state of affairs, challenges and prospects EN

01-03-2021 PE 652.234 CULT
En bref
Résumé : Conclusions and policy recommendations Against this backdrop, the study proposes a series of 9 policy recommendations: 1) Set up a concrete implementation strategy and draw up a comprehensive evaluation framework, in line with the UN’s sustainable development goal 4 on education, in order to monitor progress and identify shortcomings in the implementation of EEA initiatives.
Auteurs : Jacques LECARTE, Markus Josef PRUTSCH, PIERRE MARIE HERIARD, SOPHIA THOENES

The impact of COVID-19 on the Internal Market (At A Glance - Study In Focus) EN

01-03-2021 PE 662.901 IMCO
En bref
Résumé : This At A Glance summarises the key findings of the original study, which assesses the impact of the COVID-19 crisis on the Internal Market and consumer protection, including the impact of measures introduced at national and EU level to mitigate the consequences of the pandemic. What further measures should be considered in order to reinforce the resilience of the EU's Internal Market in the face of future crises? This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Internal Market and Consumer Protection (IMCO).
Auteurs : J. Scott MARCUS et al.

The Challenging Cliff-Edge EN

01-03-2021 PE 658.220 ECON
Analyse approfondie
Résumé : From an economic policy viewpoint, the harder part will come once the pandemic is over. The crisis will leave many scars that are likely to significantly slow growth down. Countering these effects will require continuous and well-targeted fiscal policy support. Monetary policy, which provided adequate support during the crisis, will have to eventually normalise its interest rates. The ECB could play a crucial role in reducing the large debts that fragilize several member countries. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Charles WYPLOSZ

Unconventional Policy Instruments and Transmission Channels: A State-Contingent Toolbox for the ECB EN

01-03-2021 PE 658.222 ECON
Analyse approfondie
Résumé : We present a general framework apt to explain why central banks care about the co-existence of different transmission channels of monetary policy, and hence they endow themselves with different policy instruments. Within this framework, we then review and examine the key instruments adopted by the ECB to tackle the post-pandemic challenges, with a view to their consistency and efficacy. Finally, we make a few considerations about the future perspectives of monetary policy. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI

From the Cliff to the Top: The Path to a Resilient and Sustainable Europe EN

01-03-2021 PE 658.223 ECON
Analyse approfondie
Résumé : The European Union has put in place an extraordinary array of policy measures to mitigate the devastating economic consequences of the COVID-19 pandemic. The sheer amount and extent of the support economic lifelines makes a rushed termination of policies potentially subject to dire cliff effects. Avoiding these cliff effects requires a combination of decisive and long-lasting fiscal stimuli with an accommodating monetary stance, as well as a renewed European strategy that presents a unified fiscal policy, growth-enhancing investments, and a green modernisation of the economy. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Jan Phillip FRITSCHE, Anna GIBERT, Chi Hyun KIM

Adjusting Support in a K-Shaped Recovery EN

01-03-2021 PE 658.224 ECON
Analyse approfondie
Résumé : As recovery from the pandemic continues, fiscal and monetary support can be reduced, at least for industry. Cliff effects are unlikely to arise under a gradual reduction of support. With financial markets in a “risk on” phase, monetary policy support becomes less relevant. The withdrawal of the various pandemic measures should not pose a risk to the recovery or to financial stability. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Daniel GROS, Farzaneh SHAMSFAKHR

The ECB’s Measures in Support of the COVID-19 Crisis EN

01-03-2021 PE 658.225 ECON
Analyse approfondie
Résumé : This paper illustrates and discusses the monetary policies activated in response to the COVID-19 crisis. We argue that these policy measures have stabilised the European economic and financial system by incentivising banks’ lending to households and businesses and by indirectly creating short-term fiscal capacity also for those Member States of the euro area that have a very high government debt/GDP ratio. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Pierpaolo BENIGNO, Paolo CANOFARI, Giovanni DI BARTOLOMEO, Marcello MESSORI

Monetary Policy During the Pandemic: Fit for Purpose? EN

01-03-2021 PE 658.226 ECON
Analyse approfondie
Résumé : This contribution reviews the ECB measures since the start of the COVID-19 crisis, i.e. the extension of APP and the introduction of PEPP. We show that APP announcements have helped steer inflation expectations upward. We also show that PEPP has alleviated fragmentation risk. Finally, we show that since the mid-2000s, ECB measures have had real effects on euro area unemployment rates, nominal effects on inflation rates and financial effects on banking stability. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Christophe BLOT, Caroline BOZOU, Jérôme CREEL

Economic Dialogue with the European Commission on EU Fiscal Surveillance EN

01-03-2021 PE 659.635 ECON
Analyse approfondie
Résumé : Vice-President Dombrovskis and Commissioner Gentiloni have been invited to an Economic Dialogue on the fiscal part of the European Semester autumn package adopted by the Commission in November 2020. The fiscal elements of the package include the Commission Opinions on euro area 2021 Draft Budgetary Plans, the fiscal policy recommendation for the euro area and some elements of the 2021 Alert Mechanism Report. In March 2020, the general escape clause of the Stability and Growth Pact was activated and the Commission and the Council are expected to reassess its duration soon. The Commission has announced that it will publish on 3 March guidance for the related discussions (“One year since the outbreak of COVID-19: fiscal policy response”).
Auteurs : Alice ZOPPÉ, Jost ANGERER, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE

Balanced Withdrawal of Policy Support to Avoid Cliff Effects EN

01-03-2021 PE 662.897 ECON
Analyse approfondie
Résumé : The COVID-19 crisis has triggered unprecedented concerted economic policy response. The paper investigates potential cliff effects that may arise from the temporary nature of the measures adopted and their different phase-out schedules. It finds that the concern that premature policy tightening could jeopardise the recovery are overblown. The major challenges for economic policy lie in the medium term. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 18 March 2021.
Auteurs : Klaus-Jürgen GERN

Reform of the EU own resources EN

01-03-2021 PE 690.963 BUDG CONT
Analyse approfondie
Résumé : This document was prepared by Policy Department for Budgetary Affairs for the Committee on Budgets as a background paper for the Public Hearing on ‘Financing the EU budget: new own resources and possible other revenue’. It provides a summary of the system of EU own resources in the light of the agreement on its revision reached during the negotiations of the 2021-27 MFF. It shows the rationale for the reform including the need to find sources to finance the repayment of the EU borrowing in the framework of the New Generation EU initiative. The paper gives a description of each new own resource listed in the Interinstitutional Agreement of 2020, and shows their probable policy and budgetary effects.
Auteurs : András SCHWARCZ

Des droits pour la nature? Une étude au sujet des droits de la nature dans le contexte européen

01-03-2021 PE 689.328 JURI
Étude
Résumé : La présente étude, commandée par le département thématique des droits des citoyens et des affaires constitutionnelles du Parlement européen à la demande de la commission des affaires juridiques (JURI), étudie le concept de «droits de la nature» et ses différentes facettes dans la philosophie du droit et les accords internationaux, ainsi que dans la législation et la jurisprudence à différents niveaux. L’étude compare les «droits de la nature» aux «droits à la nature», et se penche sur les notions de personnalité juridique et de qualité pour agir des entités naturelles. Elle analyse aussi la jurisprudence de la Cour européenne des droits de l’homme (CEDH) et de la Cour de justice de l’Union européenne (CJUE) sur l’accès à la justice dans le processus décisionnel en matière d’environnement. Elle insiste sur la nécessité de renforcer les exigences en matière d’évaluations scientifiques indépendantes dans certains systèmes d’autorisation prévus par le droit de l’Union. L’étude souligne également l’importance cruciale de promouvoir le rôle de la société civile dans la surveillance de la mise en oeuvre du droit de l’Union en matière d’environnement grâce à un accès plus large à la justice, par l'intermédiaire des tribunaux nationaux et de la CJUE, dans le droit fil des priorités politiques de mise en oeuvre du pacte vert pour l’Europe.
Auteurs : Jan DARPÖ
Type de document

Résumé exécutif

The SURE: Main Features EN

26-02-2021 PE 645.721 ECON
Analyse approfondie
Résumé : This document presents the main features of the European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) and compares such facility with other financial assistance instruments that were already available in the European Union. It also highlights the differences between the Commission proposals and the final version agreed in Council. This note updates a previous version.
Auteurs : Alice ZOPPÉ, CRISTINA SOFIA PACHECO DIAS

The impact of COVID-19 on the Internal Market EN

26-02-2021 PE 658.219 IMCO
Étude
Résumé : This study assesses the impact of the COVID-19 crisis on the Internal Market and consumer protection, including the impact of measures introduced at national and EU level to mitigate the consequences of the pandemic. What further measures should be considered in order to reinforce the resilience of the EU's Internal Market in the face of future crises? This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Internal Market and Consumer Protection (IMCO).
Auteurs : J. Scott MARCUS et al.

Renforcer la coopération avec le Conseil de l’Europe

26-02-2021 PE 689.275 AFCO
Étude
Résumé : Cette étude, commandée par le département thématique des droits des citoyens et des affaires constitutionnelles du Parlement européen à la demande de la commission des affaires constitutionnelles, évalue s’il y a lieu de renforcer la coopération entre l’Union européenne et le Conseil de l’Europe. Elle s’articule en deux parties: dans la première, elle examine la participation des organes du Conseil de l’Europe au mécanisme de l’Union pour la démocratie, l’état de droit et les droits fondamentaux, et dans la seconde, elle se penche sur l’adhésion de l’Union européenne aux traités du Conseil de l’Europe, et notamment à la convention européenne des droits de l’homme.
Auteurs : Luis María LOPEZ GUERRA, Universidad Carlos III de Madrid.
Type de document

Résumé exécutif

Special Advisers to the Commission (2014-2019) EN

26-02-2021 PE 689.327 BUDG CONT
Étude
Résumé : This study proposes an overview of the selection of Special Advisers to the European Commission, specifically during the period 2014-2019: the procedure followed, number of contracts, safeguards, contractual terms, budgetary implications, transparency, communication with the European Parliament. A review of literature, good practices and criteria for assessing the European Commission framework is provided. In conclusion this study makes recommendations on how to further strengthen it.
Auteurs : Alix DELASNERIE