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Digital markets act: Adoption in plenary

Εν συντομία 29-06-2022

In December 2020, the European Commission published a proposal for a regulation on contestable and fair markets in the digital sector, otherwise referred to as the digital markets act (DMA). During its July 2022 plenary session, Parliament is set to vote on the political agreement reached with the Council by its negotiators.

Croatia enters the euro area

Εν συντομία 29-06-2022

On 1 January 2023, Croatia is set to become the 20th country to join the euro area and adopt the common currency. Two independent assessments, from the European Commission and the European Central Bank (ECB), found that Croatia fulfils the requirements for accession to the euro area. Nonetheless, significant challenges remain in order for Croatia to be able to maintain a sustainable convergence path in the medium term.

'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 22 June, the Prime Minister of Croatia, Andrej Plenković, was the third EU leader to address the Parliament since its Conference of Presidents endorsed the initiative on 28 April. Mr Plenković considered Croatia to be at the centre of EU integration and expressed his support for more ...

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 30 June 2022. The briefing addresses: 1) latest developments regarding completion of the Banking Union, 2) excessive leverage, 3) the ECB’s Annual Report on supervisory activities 2021, 4) conduct risk, 5) a snapshot of the euro area banking sector one quarter after the start of the war in Ukraine, 6) statistics on loans subject ...

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.

Inflation has risen to levels not seen in 40 years in the euro area or in many other countries, forcing some central banks to raise interest rates in a context that bodes ill for economic growth. Initially driven by post-pandemic supply shortages and then by soaring energy prices, following Russia's invasion of Ukraine, inflation is now becoming increasingly broadly based, affecting everything from food and services to household goods. Dissatisfaction with the rising cost of living is leading to ...

International cooperation has been a key feature of modern and contemporary scientific and technological activities. The magnitude of global challenges, such as the climate crisis and the coronavirus pandemic, has shown the relevance of joining forces and pooling resources to facilitate the creation and dissemination of knowledge and innovative solutions. In 2021, the European Commission adopted a communication on a global approach to research and innovation – the new European strategy for international ...

EU support for the implementation of Slovenia's National Recovery and Resilience Plan (NRRP) amounts to €2 482.3 million, and includes €1 776.9 million in grants and €705.4 million in loans. This amount should be committed by the end of 2023, and paid out to Slovenia by the end of 2026. While the overall allocation represents only 0.3 % of the total Recovery and Resilience Facility (RRF), it stood at 5.1 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in ...

This paper summarises the findings and provides some further details of the replies received from a survey on the involvement of national parliaments in scrutinising the implementation of Recovery and Resilience Facility, notably the Recovery and Resilience Plans at the national level. This survey aimed to keep stock of whether and how EU national parliaments are involved in the implementation of the RRF. It was addressed directly to EU national parliament services and reflected developments in the ...

Two European Union (EU) directives regulate the EU collective investment funds industry, the Directive relating to undertakings for collective investment in transferable securities (UCITS) and the Alternative Investment Funds Manager Directive (AIFMD). The UCITS, which covers mutual funds, lays down uniform rules, allowing their cross-border offer, while the AIFMD, which covers hedge funds and private equity, lays down the rules for authorising, supervising and overseeing the managers of such funds ...