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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 Commission and Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecasts. It also includes a section on the on-going review of the EU fiscal framework. This document is regularly updated.

Brazil is the 10th largest economy in the world and the largest in Latin America. Its recent history can be divided into three main periods: one of economic stabilisation, which laid the foundations for economic growth; one of growth and reduction in inequality; and one of crisis, which has highlighted not only the country's strengths and potential but also its vulnerabilities. In 2018, after two years of economic crisis and several public corruption scandals, voters elected far-right Jair Bolsonaro ...

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 26 September 2022.

'This is Europe' – an initiative proposed by the President of the European Parliament, Roberta Metsola – consists of a series of debates with EU leaders to discuss their visions for the future of the European Union. On 13 September, the Prime Minister of Finland, Sanna Marin, was the fifth EU leader to address the Parliament since its Conference of Presidents endorsed the initiative on 28 April 2022. Ms Marin stressed that the European Union was the most important political framework for each of ...

Artificial intelligence (AI) has been the subject of such strong political and social debate that the question of its suitability for its main original purpose – improving supply chain efficiency – may come as a surprise. What if AI really could help strategic sectors cope with pressure? More specifically, could the agri-food sector benefit from this technology to compensate for the shortages broadly forecast as a result of today's crises?

The role of remittances in promoting sustainable development

Задълбочен анализ 23-06-2022

International remittance flows have proven their resilience through the COVID-19 pandemic-induced economic crisis in spite of initial expectations forecasting their decline and associated devastating consequences for development in recipient communities and countries. This calls for some reflection on the nature and behaviour of these flows, with a particular focus on aspects that might explain their countercyclical behaviour and distinctive patterns. Context-appropriate policies are required to ...

Linking national spending on the environment with the effects it has on the environmental performance of EU Member States allows for a better assessment of the effective quality of budgetary interventions. In this analysis, based on the detailed research paper in the Annex, we discuss under what circumstances some public environmental expenditure could be spent more efficiently at EU rather than at national level. We estimate that this transfer towards a more efficient level of governance would allow ...

The coronavirus crisis has demonstrated not only that the European Union faces a variety of risks, and that those disparate risks are inter-linked, but that the response to such challenges to the Union - even in areas in which the EU does not have explicit competence - is stronger with the Union and its Member States acting together. Russia's war on Ukraine, which was launched while this study was being drafted, shows us not just the added value of concerted action by the Union but also the ability ...

The Lebanese government's decision to impose new taxes in October 2019 sparked nation-wide protests by a population exhausted by poor public services, worried about increasing national debt and frustrated by widespread corruption. Since then, Lebanese politics have been marked by political deadlock that has prevented successive governments from implementing urgent reforms. The devastating explosion in the port of Beirut on 4 August 2020 only exacerbated the situation. By the time Prime Minister Najib ...

Russia's war on Ukraine: New EU sanctions

Накратко 05-04-2022

Outraged by Moscow's aggressive invasion of Ukraine, EU countries have adopted unprecedentedly tough sanctions in cooperation with close partners such as the US, Canada and the UK. Although Russia will partially adapt, these measures are expected to cause major disruption and isolate the country from the global economy. This paper updates a previous 'at a glance' note of 3 March 2022, by Martin Russell.