16

αποτέλεσμα(ατα)

Λέξη (-εις)
Τύπος δημοσίευσης
Τομέας πολιτικής
Συντάκτης
Ημερομηνία

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.

Debt Sustainability Assessments: The state of the art

15-11-2018

The approach to Debt Sustainability Assessments (DSAs) has substantially evolved after the global crisis, consistent with the goal of improving detection of high and low frequency risks. DSAs cover an increasing number of indicators, systematically look into implicit and contingent liabilities, and use statistical methods to quantify “tail events”. They also operationalize debt limits, by adopting thresholds for debt and payment flows to single out enhanced vulnerability. While these developments ...

The approach to Debt Sustainability Assessments (DSAs) has substantially evolved after the global crisis, consistent with the goal of improving detection of high and low frequency risks. DSAs cover an increasing number of indicators, systematically look into implicit and contingent liabilities, and use statistical methods to quantify “tail events”. They also operationalize debt limits, by adopting thresholds for debt and payment flows to single out enhanced vulnerability. While these developments mark true progress, this paper focuses on liquidity risk, contagion risk and the identification of debt limits as critical areas limiting DSA effectiveness, explains why DSA should embed potentially available official support and how an incomplete lending architecture is a hurdle for DSA. The paper concludes with a comparative assessment of current standard DSAs, suggests directions for further improvement and discusses the correct use of DSAs in light of the strengths and weaknesses inherent in the underlying methodologies..

Debt Sustainability Assessments: The state of the art

14-11-2018

Euro Summits: Role and expectations ahead of the meeting of 15 December 2017

13-12-2017

Since 2008, Euro Summits have brought together the Heads of State or Government of those countries whose currency is the euro, providing policy guidance to assure the smooth functioning of Economic and Monetary Union (EMU) and the euro area. Donald Tusk, who chairs the Euro Summit as well as being President of the European Council, has convened a Euro Summit for 15 December 2017. This will be the first such meeting since those dedicated to the Greek crises in 2015.

Since 2008, Euro Summits have brought together the Heads of State or Government of those countries whose currency is the euro, providing policy guidance to assure the smooth functioning of Economic and Monetary Union (EMU) and the euro area. Donald Tusk, who chairs the Euro Summit as well as being President of the European Council, has convened a Euro Summit for 15 December 2017. This will be the first such meeting since those dedicated to the Greek crises in 2015.

Solar Energy Policy in the EU and the Member States, from the Perspective of the Petitions Received

10-06-2016

Upon request by the PETI Committee, the Policy Department on Citizens' Rights and Constitutional Affairs commissioned the present study in order to assess a series of petitions received in relation to solar energy policies in Member States and their compatibility with EU laws and policies. The petitions examined raise three main concerns, i.e. policy risk in support systems, self-consumption and industrial policy in EU Member States, notably Spain, Belgium, Germany and Italy. The analysis concludes ...

Upon request by the PETI Committee, the Policy Department on Citizens' Rights and Constitutional Affairs commissioned the present study in order to assess a series of petitions received in relation to solar energy policies in Member States and their compatibility with EU laws and policies. The petitions examined raise three main concerns, i.e. policy risk in support systems, self-consumption and industrial policy in EU Member States, notably Spain, Belgium, Germany and Italy. The analysis concludes that renewables’ support policies should be stable and avoid frequent or retro-active changes; that the regulated extension of self-consumption is accompanied by measures to ensure that “prosumers” contribute to financing grid costs and other costs; and that industrial policy for renewables is stable and predictable.

Εξωτερικός συντάκτης

Jenny WINKLER and Mario RAGAWITZ (Fraunhofer ISI)

Limits in Terms of Eligible Collateral and Policy Risks of an Extension of the ECB’s Quantitative Easing Programme

15-02-2016

At the press conference following the ECB Governing Council meeting of 3 December 2015, the President of the ECB Mario Draghi reiterated the readiness of the ECB to adopt, if necessary, additional measures - in terms of size, composition and duration of the of the asset purchase programme EAPP - in order to maintain an appropriate degree of monetary accommodation. This may renew criticism to the ECB for not complying with its mandate and its quasi-fiscal role. The notes included in this compilation ...

At the press conference following the ECB Governing Council meeting of 3 December 2015, the President of the ECB Mario Draghi reiterated the readiness of the ECB to adopt, if necessary, additional measures - in terms of size, composition and duration of the of the asset purchase programme EAPP - in order to maintain an appropriate degree of monetary accommodation. This may renew criticism to the ECB for not complying with its mandate and its quasi-fiscal role. The notes included in this compilation requested by the Committee on Economic and Monetary Affairs (ECON) for the February 2016 Monetary Dialogue discusses the range of policy instruments potentially available to the ECB to enhance the effectiveness of the EAPP programme, assess the potential limits of a further expansion of asset purchases and investigate key credibility issues eventually faced by the ECB.

Εξωτερικός συντάκτης

Daniel GROS (CEPS) ; Jens BOYSEN-HOGREFE, Salomon FIEDLER, Nils JANNSEN, Stefan KOOTHS and Stefan REITZ (Kiel Institute for the World Economy) ; Eddie GERBA and Corrado MACCHIARELLI (London School of Economics) ; Grégory CLAEYS and Álvaro LEANDRO FERNÁNDEZ-GIL (Bruegel) ; Christophe BLOT, Jérôme CREEL and Paul HUBERT (OFCE)

Ad-hoc exchange of views with the President of the Eurogroup and the Managing Director of the ESM on Greece

06-11-2015

Eurogroup President Jeroen Dijsselbloem and Managing Director of the ESM Klaus Regling have been invited for an ad hoc Exchange of views relating to the macro-economic adjustment programme for Greece. Jeroen Dijsselbloem has been Eurogroup President since 21 January 2013. He was re-appointed for a second term on 13 July 2015. As the President of the Eurogroup, he is also chairing the Board of Governors of the European Stability Mechanism (ESM). Klaus Regling has been Managing Director of the ESM ...

Eurogroup President Jeroen Dijsselbloem and Managing Director of the ESM Klaus Regling have been invited for an ad hoc Exchange of views relating to the macro-economic adjustment programme for Greece. Jeroen Dijsselbloem has been Eurogroup President since 21 January 2013. He was re-appointed for a second term on 13 July 2015. As the President of the Eurogroup, he is also chairing the Board of Governors of the European Stability Mechanism (ESM). Klaus Regling has been Managing Director of the ESM since its inauguration on 8 October 2012. His term of office lasts for 5 years and may be renewed only once. Note that the Eurogroup is to discuss the state of play regarding the implementation of Greece's economic adjustment programme at its meeting of 9 November 2015.

Economic Governance as Part of the European Semester Cycle ("6 and 2-pack")

29-04-2014

A short overview of the European Semester and the tools to be use in case of a risk for macroeconomic imbalances, a risk for sustainability of public finances or Member States with financial difficulties.

A short overview of the European Semester and the tools to be use in case of a risk for macroeconomic imbalances, a risk for sustainability of public finances or Member States with financial difficulties.

Economic Dialogue with the President of the Eurogroup

14-02-2014

This paper gives an overview of state-of-play in implementing macro-economic adjustment programmes in the euro area and of Eurogroup work programme for spring 2014, including implementation of Country Specific Recommendations.

This paper gives an overview of state-of-play in implementing macro-economic adjustment programmes in the euro area and of Eurogroup work programme for spring 2014, including implementation of Country Specific Recommendations.

Economic Dialogue and Exchange of Views with the President of ECOFIN (Greece) - 22 January 2014

15-01-2014

This paper gives an overview of the ECOFIN priorities of the Greek Presidency, road-map of the 2014 Semester Cycle, progress in establishing a Banking Union and state-of-play on a genuine EMU.

This paper gives an overview of the ECOFIN priorities of the Greek Presidency, road-map of the 2014 Semester Cycle, progress in establishing a Banking Union and state-of-play on a genuine EMU.

Προσεχείς εκδηλώσεις

01-12-2020
FISC Public Hearing on 1st December 2020
Ακρόαση -
FISC
01-12-2020
Inter-parliamentary Committee meeting on the Evaluation of Eurojust Activities
Άλλη δραστηριότητα -
LIBE
02-12-2020
Public Hearing on AI and Health
Ακρόαση -
AIDA

Εταίροι