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Research for REGI Committee-Cohesion Policy and Climate Change EN

15-04-2021 PE 652.247 REGI
Estudo
Resumo : This study provides an assessment of how EU Cohesion Policy currently contributes and can contribute in the future to the attainment of the goals of EU Climate Policy. It explains how much of the budget goes to climate action and to what kind of initiatives across EU regions. It also discusses the obligations from the Paris Agreement, the role of Cohesion Policy within the European Green Deal and the impact of phasing out fossil fuels. Policy recommendations for strengthening climate action financed by Cohesion Policy are set out.
Autores : 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).

EU economic developments and projections EN

14-04-2021 PE 645.716 ECON
Briefing
Resumo : 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
Autores : 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
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL

The SURE: Implementation EN

13-04-2021 PE 659.638 ECON
Briefing
Resumo : 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.
Autores : 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
Em síntese
Resumo : 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.
Autores : 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
Estudo
Resumo : 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.
Autores : András SCHWARCZ

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

Estudo
Resumo : “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.
Autores : Andreas Huber at Al.

Impacts of the COVID-19 pandemic on EU industries EN

29-03-2021 PE 662.903 ITRE
Estudo
Resumo : 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).
Autores : 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
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : Alix DELASNERIE

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

24-03-2021 PE 652.239 REGI
Estudo
Resumo : 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.
Autores : Diana HAASE, ANDREEA MAIER
Tipo de documento

Síntese

Interpretation and implementation of Article 50 TEU Legal and institutional assessment EN

24-03-2021 PE 690.964 AFCO
Estudo
Resumo : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, looks into the constitutional and institutional challenges that the European Union faced during the Brexit negotiations, and analyses whether the current wording of Article 50 of the Treaty on European Union was applied in an adequate manner and allowed for an efficient and properly organised withdrawal procedure.
Autores : PAPAGEORGIOU Ioannis

Implementation of the Stability and Growth Pact under pandemic times EN

22-03-2021 PE 659.618 ECON
Briefing
Resumo : 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.
Autores : Jost ANGERER

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

19-03-2021 PE 659.631 ECON
Briefing
Resumo : 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”.
Autores : 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
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : A. Resti

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

15-03-2021 PE 651.387 ECON
Estudo
Resumo : 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.
Autores : 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
Estudo
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : 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
Estudo
Resumo : 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.
Autores : Marek DABROWSKI

Strengthening Minimum Income Protecion in the EU EN

10-03-2021 PE 662.900 EMPL
Briefing
Resumo : This briefing is preceding a broader study on “Fighting poverty and social exclusion (incl. minimum income schemes)” requested by the EMPL committee in view of a possible Union framework on minimum income protection. The briefing provides an institutional perspective on minimum income schemes (MIS) in Member States and their different roles and scope within national social protection systems. It also further examines the EU monitoring framework and points to shortcomings and gaps on the roadway to a Union framework on minimum income protection.
Autores : REGINA ANNA KONLE-SEIDL

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
Análise aprofundada
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : 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
Estudo
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : Nazareno BRAITO, Davide CECCANTI , Frauke DE TEMMERMAN, Duy HUYNH-OLESEN

Policy Departments’ Monthly Highlights - March 2021 EN

Em síntese
Resumo : 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
Análise aprofundada
Resumo : 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.
Autores : C. V. Gortsos

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

08-03-2021 PE 671.505 PETI
Estudo
Resumo : 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.
Autores : TRYFONIDOU Alina, WINTEMUTE Robert

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

05-03-2021 PE 659.645 ECON
Análise aprofundada
Resumo : 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).
Autores : 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
Resumo : 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.
Autores : Kajus HAGELSTAM

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

04-03-2021 PE 659.636 ECON
Análise aprofundada
Resumo : 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.
Autores : 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
Estudo
Resumo : 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.
Autores : D. Ramos, M. Lamandini

Path to Recovery: Dangers of Cliff Effects EN

04-03-2021 PE 662.898 ECON
Estudo
Resumo : 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.
Autores : 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
Estudo
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : 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
Resumo : 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.
Autores : 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
Estudo
Resumo : 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.
Autores : 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
Em síntese
Resumo : 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.
Autores : Jacques LECARTE, Markus Josef PRUTSCH, PIERRE MARIE HERIARD, SOPHIA THOENES

Research for TRAN Committee: Relaunching transport and tourism in the EU after COVID-19 EN

01-03-2021 PE 652.246 TRAN
Em síntese
Resumo : This study provides the European Parliament’s Committee on Transport and Tourism (TRAN) with an overview of the repercussions of the COVID-19 pandemic on the EU transport and tourism sectors and policy recommendations to address the challenges emerging from the crisis.
Autores : Jacques LECARTE, Davide PERNICE, Balazs MELLAR, Ariane DEBYSER

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

01-03-2021 PE 662.901 IMCO
Em síntese
Resumo : 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).
Autores : J. Scott MARCUS et al.

The Challenging Cliff-Edge EN

01-03-2021 PE 658.220 ECON
Análise aprofundada
Resumo : 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.
Autores : Charles WYPLOSZ

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

01-03-2021 PE 658.222 ECON
Análise aprofundada
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : Jan Phillip FRITSCHE, Anna GIBERT, Chi Hyun KIM

Adjusting Support in a K-Shaped Recovery EN

01-03-2021 PE 658.224 ECON
Análise aprofundada
Resumo : 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.
Autores : Daniel GROS, Farzaneh SHAMSFAKHR

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

01-03-2021 PE 658.225 ECON
Análise aprofundada
Resumo : 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.
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : Christophe BLOT, Caroline BOZOU, Jérôme CREEL

Economic Dialogue with the European Commission on EU Fiscal Surveillance EN

01-03-2021 PE 659.635 ECON
Análise aprofundada
Resumo : 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”).
Autores : 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
Análise aprofundada
Resumo : 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.
Autores : Klaus-Jürgen GERN

Reform of the EU own resources EN

01-03-2021 PE 690.963 BUDG CONT
Análise aprofundada
Resumo : 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.
Autores : András SCHWARCZ

CAN NATURE GET IT RIGHT? A Study on Rights of Nature in the European Context EN

01-03-2021 PE 689.328 JURI
Estudo
Resumo : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the JURI Committee, explores the concept of “Rights of Nature” (RoN) and its different aspects in legal philosophy and international agreements, as well as in legislation and case-law on different levels. The study delves on the ideas of rights of nature in comparison with rights to nature, legal personhood and standing in court for natural entities, and analyses ECtHR and CJEU case-law on access to justice in environmental decision-making. It emphasises, in particular, the need to strengthen the requirements for independent scientific evaluations in certain permit regimes under EU law. The study also highlights the crucial importance of promoting the role of civil society as watchdog over the implementation of EU environmental law by way of a wider access to justice via both the national courts and the CJEU, which is also in line with the political priorities for delivering the European Green Deal.
Autores : Jan DARPÖ

The SURE: Main Features EN

26-02-2021 PE 645.721 ECON
Análise aprofundada
Resumo : 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.
Autores : Alice ZOPPÉ, CRISTINA SOFIA PACHECO DIAS

The impact of COVID-19 on the Internal Market EN

26-02-2021 PE 658.219 IMCO
Estudo
Resumo : 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).
Autores : J. Scott MARCUS et al.

Strengthening cooperation with the Council of Europe EN

26-02-2021 PE 689.275 AFCO
Estudo
Resumo : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, assesses the possible strengthening of the cooperation of the European Union with the Council of Europe. It examines, on the one side, the participation of Council of Europe bodies in the EU Mechanism on Democracy, the Rule of Law and Fundamental Rights, and, on the other, the accession of the European Union to Council of Europe Treaties, and particularly to the European Convention on Human Rights.
Autores : Luis María LOPEZ GUERRA, Universidad Carlos III de Madrid.

Special Advisers to the Commission (2014-2019) EN

26-02-2021 PE 689.327 BUDG CONT
Estudo
Resumo : 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.
Autores : Alix DELASNERIE

Research for CULT Committee - Cultural and creative sectors in post-COVID-19 Europe – crisis effects and policy recommendations EN

25-02-2021 PE 652.245 CULT
Em síntese
Resumo : Cultural and creative sectors (CCS) have been hit hard by the consequences of the COVID-19 pandemic. This study analyses the so far effects of the crisis on the CCS, as well as the policy responses that are formulated to support the sectors. Based on the analysis, policy recommendations are formulated to further improve the resilience of the CCS in Europe in the medium and longer term.
Autores : Jacques LECARTE, Katarzyna Anna ISKRA

Mapping Fake News and Disinformation in the Western Balkans and Identifying Ways to Effectively Counter Them EN

23-02-2021 PE 653.621 AFET
Estudo
Resumo : Disinformation is an endemic and ubiquitous part of politics throughout the Western Balkans, without exception. A mapping of the disinformation and counter-disinformation landscapes in the region in the period from 2018 through 2020 reveals three key disinformation challenges: external challenges to EU credibility; disinformation related to the COVID-19 pandemic; and the impact of disinformation on elections and referenda. While foreign actors feature prominently – chiefly Russia, but also China, Turkey, and other countries in and near the region – the bulk of disinformation in the Western Balkans is produced and disseminated by domestic actors for domestic purposes. Further, disinformation (and information disorder more broadly) is a symptom of social and political disorder, rather than the cause. As a result, the European Union should focus on the role that it can play in bolstering the quality of democracy and governance in the Western Balkans, as the most powerful potential bulwark against disinformation.
Autores : Samuel GREENE, Gregory ASMOLOV, Adam FAGAN, Ofer FRIDMAN, Borjan GJUZELOV

Post Covid-19 value chains: options for reshoring production back to Europe in a globalised economy EN

19-02-2021 PE 653.626 INTA
Estudo
Resumo : Against the background of supply shortages with respect to medical products during the COVID-19 pandemic, and the shift in the international order towards geopolitical rivalry between the US and China, reshoring of production has become a topical issue in the recent EU policy debate. The study discusses economic and political justifications for reshoring with respect to security of supply concerns and the debate on the EU’s strategic autonomy. With reshoring pre-COVID-19 having remained an empirical phenomenon of limited significance, potential for reshoring at the sector and GVC level are assessed in light of recent economic changes, the digital transformation and the changing geopolitical environment. Though reinforced in the recent past, the success of reshoring policies of the US, the UK and Japan is found to have been modest. While a more proactive policy approach to mitigate security of supply concerns and to promote strategic autonomy in the EU is important, reshoring should be primarily focused on specific critical sectors and products with pronounced supply bottlenecks.
Autores : Werner Raza, Jan Grumiller, Hannes Grohs, Jürgen Essletzbichler, Nico Pintar

Background Reader on the European Semester - Winter Edition 2021 EN

18-02-2021 PE 645.713 ECON
Estudo
Resumo : This fifth edition of the background reader on the European Semester, prepared by the Economic Governance Support Unit (EGOV) in the Directorate for Economic and Scientific Policies of the European Parliament, provides an overview of publications related to the European Semester from a parliamentary perspective. It aims at further increasing the links between Members of the European Parliament and national Parliaments, notably during inter-parliamentary meetings.

Research for CULT Committee - Cultural and creative sectors in post-COVID-19 Europe – crisis effects and policy recommendations EN

18-02-2021 PE 652.242 CULT
Estudo
Resumo : Cultural and creative sectors (CCS) have been hit hard by the consequences of the COVID-19 pandemic. This study analyses the so far effects of the crisis on the CCS, as well as the policy responses that are formulated to support the sectors. Based on the analysis, policy recommendations are formulated to further improve the resilience of the CCS in Europe in the medium and longer term.
Autores : IDEA Consult: Isabelle De Voldere, Martina Fraioli, Eveline Durinck Goethe-Institut: Antonia Blau, Sina Lebert Inforelais: Sylvia Amann Values of Culture&Creativity: Joost Heinsius

Public finances in Euro Area Member States: Selected indicators - February 2021 EN

17-02-2021 PE 624.406 ECON
Briefing
Resumo : This document presents selected indicators on public finance for the Euro Area Member States and the Euro Area as a whole. For each indicator, it provides a short explanation and the data sources. The final section presents a short overview of the main indicators used by the European and other international institutions to assess debt sustainability.
Autores : Alice ZOPPÉ

Update on recent banking developments - Calendar week 6 EN

13-02-2021 PE 659.629 ECON
Briefing
Resumo : 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: (i) the results of the recent European Central Bank (ECB) Supervisory Review and Evaluation Process; (ii) Single Supervisory Mechanism (SSM) risk assessment and supervisory priorities; (iii) results of the latest Bank Lending Survey; (iv) 2021 stress testing exercise; (v) ECB final guidelines on consolidations; (vi) proportionality; and (vii) Brexit.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE

The EU’s regulatory and supervisory response to addressing non-performing loans EN

12-02-2021 PE 659.634 ECON
Análise aprofundada
Resumo : Building on earlier EGOV papers, this briefing addresses the evolution of non-performing loans (NPLs) over time, the EU regulatory and supervisory approaches to manage NPLs and highlights areas where gaps may still be observed. Renewed interest in asset management companies as a possible instrument to deal with NPLs is discussed in an annex. Concerns around NPLs are growing, as the impact of COVID-19 crisis related responses on banks’ balance sheets begin to be further scrutinised. This briefing will be updated in light of relevant developments.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE

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

11-02-2021 PE 602.116 ECON
Briefing
Resumo : 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.
Autores : Kajus HAGELSTAM, WOLFGANG LEHOFER, CRISTINA SOFIA PACHECO DIAS

Short overview of the Regional Comprehensive Economic Partnership (RCEP) EN

10-02-2021 PE 653.625 INTA
Briefing
Resumo : 15 countries signed the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020. Upon ratification, it will become the largest preferential trade agreement by economic output in the world, with the potential to increase trade and integration among the economies of East Asia. This briefing presents the structure and the content of the agreement, its relationship to existing cooperation in the region, and discusses important economic and political implications. Several notable takeaways stand out. First, we highlight the economic and political significance of RCEP for the region stressing that it is the culmination of past efforts by East Asian countries to pursue economic integration. Second, we show that the agreement itself is considerably less ambitious than comparable agreements such as the Comprehensive and Progressive Transpacific Partnership (CPTPP) and European Union Free Trade Agreements with Asian countries. Third, we document that the final legal text itself does not seem to be dominated by any specific party. Fourth, despite its lack of ambition, the agreement is still expected to provide substantial trade gains for signatories, especially if it helps to consolidate global supply chains based in the region. Fifth, because of its structure, it is likely to be an important focal point for trade liberalization in the future providing European companies with important opportunities.
Autores : Joseph FRANCOIS, Manfred ELSIG

The ECB’s Monetary Policy Response to the COVID-19 Crisis EN

09-02-2021 PE 648.787 ECON
Briefing
Resumo : (Updated 9 February 2021) The coronavirus pandemic is taking a heavy toll on the euro area economy, necessitating a timely and resolute macroeconomic policy response. The ECB's Governing Council acted decisively by taking a series of measures that collectively provide a substantial monetary policy stimulus aimed at safeguarding the effective transmission of monetary policy and preventing a serious deterioration of financial conditions.
Autores : Drazen RAKIC

Update the Unfair Contract Terms directive for digital services EN

09-02-2021 PE 676.006 JURI
Estudo
Resumo : This study analyses common terms in contracts of digital service providers, indicating when they could significantly distort the balance between the parties’ rights and obligations to the detriment of consumers and should, therefore, fall within the scope of the Unfair Contract Terms Directive. Further, the study discusses the particularities of the assessment of online transparency of terms of digital service providers and sanctions they could face if they breach the current consumer protection framework. Recommendations are made to improve the effectiveness of this framework by: introducing a black and grey list of unfair terms, strengthening current sanctions, and introducing new obligations for digital service providers.
Autores : Marco LOOS, Joasia LUZAK

Implementation of the Macroeconomic Imbalance Procedure: State of play February 2021 EN

08-02-2021 PE 497.739 ECON
Análise aprofundada
Resumo : 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.
Autores : Alice ZOPPÉ

At a glance - Research for TRAN Committee - Transport infrastructure in low-density and depopulating areas EN

05-02-2021 PE 652.225 TRAN
Em síntese
Resumo : The study investigates key challenges and trends concerning transport infrastructure in low-density and depopulating areas . It also provides a comprehensive assessment of relevant transport policies and projects already implemented as well as policy recommendations aimed at overcoming those identified challenges and gaps.
Autores : Jacques LECARTE, Davide PERNICE, Balazs MELLAR, Ariane DEBYSER

Policy Departments’ Monthly Highlights - February 2021 EN

Em síntese
Resumo : 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.

Thematic Digest: “When and how to deactivate the SGP general escape clause?” EN

03-02-2021 PE 659.625 ECON
Briefing
Resumo : This note presents summaries of four papers on the conditions and timing for the future deactivation of the general escape clause of the Stability and Growth Pact, which is in force since March 2020. The papers, written by external experts, were requested by the ECON Committee of the European Parliament.
Autores : Alice ZOPPÉ, Jost ANGERER

2020 EGOV Annual Activity Report EN

03-02-2021 PE 659.628 ECON
Análise aprofundada
Resumo : This activity report covers the year 2020 and presents an overview of the expertise provided by the Unit in the area of economic governance and banking union in view of supporting the related scrutiny activities in the competent committee(s).
Autores : DONELLA BOLDI, KRISTINA GRIGAITE

Research for TRAN Committee: Transport infrastructure in low-density and depopulating areas EN

03-02-2021 PE 652.227 TRAN
Estudo
Resumo : This study investigates the key challenges and trends concerning the provision of transport policies and infrastructure in low-density and depopulating areas. It also provides a comprehensive assessment of relevant transport policies and projects implemented in these areas. Finally, it provides policymakers with an array of policy recommendations aimed at overcoming the identified challenges and gaps.
Autores : Luca BISASCHI, Francesco ROMANO, Malin CARLBERG, Jessica CARNEIRO, Davide CECCANTI, and Liviu CALOFIR.