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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.

The EP’s budget is drawn up during the year n-1, with the preparations in its Directorates General already starting in the last quarter of the year n-2. The budgetary procedure - first inside the EP for the institution’s own budget, then for the budget of the EU as a whole in the interinstitutional part of the procedure - lasts throughout the year n-1, with an agreement usually reached during the last quarter of year n-1. For example, the preparations for the 2020 budget in the Directorates General ...

At their 20-21 October 2002 meeting, European Union leaders focused on Russia's military aggression against Ukraine, energy and the economy, as well as on external relations, paying specific attention to China. They reiterated the EU's support for Ukraine's territorial integrity, and confirmed EU political, financial, military and humanitarian support to Ukraine. On energy, EU leaders agreed that the Council and the European Commission will 'urgently submit concrete decisions' on energy-related measures ...

Plenary round-up – October II 2022

At a Glance 21-10-2022

Russia's aggression against Ukraine once more dominated the agenda for the October II 2022 plenary session, with Members participating in a number of debates on the consequences of the war: the social and economic repercussions and the introduction of a windfall tax; the impact on migration flows; recognising the Russian Federation as a state sponsor of terrorism; and the Lukashenko regime's active role in the war against Ukraine. Parliament also debated preparations for the European Council meeting ...

SURE implementation

Briefing 18-10-2022

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 of the SURE implementing decisions as adopted by Council, of Commission issuances under SURE and of disbursements. It will be regularly updated.

On 20 and 21 October 2022, EU Heads of State or Government will meet for a formal European Council dedicated to Ukraine, energy and the economy – three interlinked topics that have been permanently on the European Council agenda since Russia launched its war on Ukraine. EU leaders are expected to condemn Russia's further escalation of the conflict and recent attacks on civilians and infrastructure across Ukraine; condemn the sham referendums in four Ukrainian regions; consider the deepening food ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...

Several Member States and regions are facing population decline, caused by factors such as low fertility rates and net emigration. The emigration of skilled workers, referred to as 'brain drain', undermines the growth potential of the areas concerned. An ageing society also plays a part in depopulation. Depopulated regions are often low-income rural or post-industrial areas, with fewer job opportunities. In the context of its oversight over other EU institutions, the European Parliament has recently ...

International development has become an important tool in both promoting equity and fostering greater global responsibility in an interconnected world. As the COVID 19 pandemic swept across the world, developed nations acted in solidarity with developing nations by providing medical supplies and financial support to countries hardest hit by the pandemic. In 2021, foreign aid hit an all-time high of US$179 billion in response to the pandemic. With a new humanitarian crisis following Russia's invasion ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...