1563

Ergebnis(se)

Wort/Wörter
Art der Veröffentlichung
Verfasser
Schlagwortliste
Datum

European Stability Mechanism – Main Features, Instruments and Accountability

11-10-2019

This document presents the main features of the European Stability Mechanism (ESM), including governance, capital structure and funding sources, main lending instruments, as well as its oversight and accountability framework. It also reviews recent proposals and contributions on the possible evolution of the ESM. This note is regularly updated.

This document presents the main features of the European Stability Mechanism (ESM), including governance, capital structure and funding sources, main lending instruments, as well as its oversight and accountability framework. It also reviews recent proposals and contributions on the possible evolution of the ESM. This note is regularly updated.

The 2019 proposed amendments to the Treaty establishing the European Stability Mechanism

11-10-2019

This document presents the proposed amendments to the Treaty establishing the European Stability Mechanism, following the decisions taken by the Eurogroup and the June 2019 Euro Summit. It complements an EGOV briefing on the ESM features, instruments and accountability. The note outlines the relevant changes and provides a comparison between the current ESM Treaty and the proposed amended one.

This document presents the proposed amendments to the Treaty establishing the European Stability Mechanism, following the decisions taken by the Eurogroup and the June 2019 Euro Summit. It complements an EGOV briefing on the ESM features, instruments and accountability. The note outlines the relevant changes and provides a comparison between the current ESM Treaty and the proposed amended one.

What next for Europe? A strategic foresight perspective

10-10-2019

The ESPAS report examines the challenges posed for the European Union by megatrends such as digitisation, demographic change and the climate crisis. It emphasises the need for judicious responses, arguing that inaction heightens the risk of bad outcomes. It also notes that the more equal our societies are, the better prepared we are to face the future. Topics examined The report is the fruit of an inter-institutional strategic foresight exercise.

The ESPAS report examines the challenges posed for the European Union by megatrends such as digitisation, demographic change and the climate crisis. It emphasises the need for judicious responses, arguing that inaction heightens the risk of bad outcomes. It also notes that the more equal our societies are, the better prepared we are to face the future. Topics examined The report is the fruit of an inter-institutional strategic foresight exercise.

Towards a fundamental re-design of Banks’ Stress Tests in the EU?

04-10-2019

On 26 September 2019, Andrea Enria, Chair of the European Central Bank’s Supervisory Board, gave a speech on the future of stress testing (“The future of stress testing – realism, relevance and resources”) in which he outlined a proposal on how to achieve meaningful progress with a view to make the tests both more realistic and more relevant, with fewer resources required. Andrea Enria’s proposals involve a decisive re-design of the stress test exercise. Stress tests are currently carried out using ...

On 26 September 2019, Andrea Enria, Chair of the European Central Bank’s Supervisory Board, gave a speech on the future of stress testing (“The future of stress testing – realism, relevance and resources”) in which he outlined a proposal on how to achieve meaningful progress with a view to make the tests both more realistic and more relevant, with fewer resources required. Andrea Enria’s proposals involve a decisive re-design of the stress test exercise. Stress tests are currently carried out using a “constrained bottom-up approach” whereby supervisory authorities ensure a quality check of models run by banks. It is suggested to split stress tests into a supervisory view (“top-down” approach along the lines of stress tests under Dodd-Frank in the US) and a “banks’ view” (bottom-up approach).

EU support for coal regions

03-10-2019

The EU has committed to cut greenhouse gas emissions by 40 % before 2030, and by at least 80 % by 2050. This will require a transition from relying on fossil fuels to renewable energy sources, and in particular a reduction in power generation from coal. While EU production and consumption of coal has declined steadily, coal still provides about a quarter of EU power generation. Coal is mined in 12 Member States, and coal-fired power plants operate in 21 Member States. The European coal sector employs ...

The EU has committed to cut greenhouse gas emissions by 40 % before 2030, and by at least 80 % by 2050. This will require a transition from relying on fossil fuels to renewable energy sources, and in particular a reduction in power generation from coal. While EU production and consumption of coal has declined steadily, coal still provides about a quarter of EU power generation. Coal is mined in 12 Member States, and coal-fired power plants operate in 21 Member States. The European coal sector employs 238 000 people in directly linked activities, such as coal mines and power plants. An estimated 160 000 jobs could disappear by 2030. Further job losses are expected in indirect activities along the value chain, e.g. power generation, equipment supply, services, research and development. Impacts of phasing out coal are also likely to be felt in the iron and steel sectors, mining equipment manufacturing and coal terminals. Transition to a low-carbon economy will therefore require structural changes in coal-producing regions. Proposed solutions include helping workers to retrain and supporting their search for new employment, promoting local economies' diversification, modernising energy and power generation systems, developing the renewable energy sector, and rehabilitating mining land, for instance by converting former mines for renewable energy use or creating industrial heritage sites. The EU provides a variety of funding that can be used to alleviate the socio-economic consequences for coal regions. Energy and climate adaptation programmes, along with cohesion policy and research funding opportunities, offer financial support, while additional technical assistance is also available. The European Commission's Platform for Coal Regions in Transition assists regions to prepare and implement transition activities. As the EU is currently negotiating its post-2020 budgetary framework, the European Parliament and the European Committee of the Regions call for specific measures and tailored funding sources to offer support to facilitate transition in coal regions. The Commission President-elect has announced the establishment of a Just Transition Fund as part of the European Green Deal, and new legislative proposals can be expected early in her term in office.

Economic Dialogues and Exchanges of Views with the Member States under the European Semester Cycles - State-of-Play (October 2019)

03-10-2019

This table provides a regular update on Member States invited for an Economic Dialogue in the competent Committee of the European Parliament and an overview of the respective legal base.

This table provides a regular update on Member States invited for an Economic Dialogue in the competent Committee of the European Parliament and an overview of the respective legal base.

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

03-10-2019

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

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

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

03-10-2019

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.

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.

Financial instruments in cohesion policy

30-09-2019

Considered a resource-efficient way of using public funding, the use of financial instruments in cohesion policy is increasing. Financial instruments provide support for investment in the form of loans, guarantees, equity and other risk-sharing mechanisms. In the 2014-2020 programming period, financial instruments can be applied in all thematic areas and funds covered by cohesion policy, and they can be combined with grants. The amounts allocated are expected to double in comparison to the previous ...

Considered a resource-efficient way of using public funding, the use of financial instruments in cohesion policy is increasing. Financial instruments provide support for investment in the form of loans, guarantees, equity and other risk-sharing mechanisms. In the 2014-2020 programming period, financial instruments can be applied in all thematic areas and funds covered by cohesion policy, and they can be combined with grants. The amounts allocated are expected to double in comparison to the previous period. The lessons learnt so far from the implementation of financial instruments show that they present both advantages and challenges. Their revolving nature can increase the efficiency and sustainability of public funds in the long term. The requirement to repay can stimulate better performance and quality of investment projects. They can improve access to finance, through targeting financially viable projects that have not been able to obtain sufficient funding from market sources. However, financial instruments can also entail high management costs and fees, as well as complex set-up procedures. Although financial instruments may be a beneficial way to optimise the use of the cohesion budget, in some situations grants can be more effective. It is also important to bear in mind that the primary goal of financial instruments is to support cohesion policy objectives, rather than just to generate financial returns. The new legislative proposals on the post-2020 cohesion policy framework have taken these considerations into account, simplifying the use of financial instruments. This is an updated edition of a 2016 Briefing.

End of the Draghi era at the ECB [What Think Tanks are thinking]

27-09-2019

The European Central Bank will shortly see a ‘change of the guard’ at a time of stagnating economic growth and fears of recession sparked partly by global trade conflicts. Current ECB President, Mario Draghi’s eight-year term in office ends on 1 November, and he is to be replaced by Christine Lagarde, former head of the International Monetary Fund and previously Minister of Finance in France. Some analysts say the the ECB’s recent decisions aimed at propping up faltering growth in the euro area will ...

The European Central Bank will shortly see a ‘change of the guard’ at a time of stagnating economic growth and fears of recession sparked partly by global trade conflicts. Current ECB President, Mario Draghi’s eight-year term in office ends on 1 November, and he is to be replaced by Christine Lagarde, former head of the International Monetary Fund and previously Minister of Finance in France. Some analysts say the the ECB’s recent decisions aimed at propping up faltering growth in the euro area will limit Lagarde’s room for manoeuvre as regards a possible change in policy direction. On 12 September, the ECB’s Governing Council cut interest rates deeper into negative territory and decided to extend its bond purchases, without giving any indicative end for the programme. This note offers links to a series of some recent commentaries and reports from major international think tanks and research institutes on the ECB and related issues.

Anstehende Veranstaltungen

16-10-2019
State of the Union: The view from regions and cities
Andere Veranstaltung -
EPRS
17-10-2019
What Europe is Thinking: The latest Pew survey of opinion in 14 EU Member States
Andere Veranstaltung -
EPRS

Partner

Bleiben Sie in Verbindung

email update imageAktuelle Informationen per E-Mail

Sie können sich per E-Mail aktuelle Mitteilungen über Personen und Ereignisse im Zusammenhang mit dem Europäischen Parlament zusenden lassen. Dazu zählen aktuelle Informationen der Mitglieder, der Informationsdienststellen oder des Think Tank.

Dieser Dienst kann auf der gesamten Website des Europäischen Parlaments genutzt werden. Sie können den Dienst abonnieren und Mitteilungen des Think Tank erhalten, indem Sie einfach Ihre E-Mail-Adresse angeben, ein Thema auswählen, zu dem Sie Informationen erhalten möchten, die Häufigkeit der Mitteilungen (täglich, wöchentlich oder monatlich) festlegen und abschließend zur Bestätigung auf den Link klicken, der Ihnen zu diesem Zweck per E-Mail geschickt wird.

RSS imageRSS-Feeds

Über den RSS-Feed bleiben Sie immer auf dem Laufenden und werden über alle Aktualisierungen auf der Website des Europäischen Parlaments informiert.

Klicken Sie auf den folgenden Link, um den RSS-Feed zu konfigurieren.