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Implementation of the Stability and Growth Pact under exceptional times
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.
Economic Dialogue with the other EU Institutions under the European Semester Cycles during the 9th legislative term - State of play February 2023
This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent committee(s) of the European Parliament since September 2019 under the European Semester for economic policy coordination. It also lists the Recovery and Resilience Dialogues with the European Commission as undertaken by the competent committee(s) since the entry of force of the Recovery and Resilience Facility in 2021. It also includes an overview of the ...
Progress on the Banking Union?
While the Eurogroup did not agree on concrete steps towards the completion of Banking Union, its June 2022 statement does entail some elements that the forthcoming Commission proposals could build upon, making improvements to the crisis management and deposit insurance framework that eventually bring the completion of the Banking Union closer.
Tax transparency rules for crypto-asset transactions (DAC8)
The crypto-asset sector, while still relatively new, has already changed the world of payments and investment forever. The fast-changing, mobile nature of the sector and its growing market prominence poses challenges, however, for tax authorities, which are not always able to track the capital gains made from trading crypto-assets. On 8 December 2022, the European Commission proposed to set up a reporting framework which would require crypto-asset service providers to report transactions made by ...
Spain's National Recovery and Resilience Plan: Latest state of play
Spain's National Recovery and Resilience Plan (NRRP) is one of the biggest financed by the Next Generation EU (NGEU) recovery instrument. It contains the largest amount, in terms of grants, under the unprecedented EU response to the crisis caused by the coronavirus pandemic. Spain's national allocation for grants under the Recovery and Resilience Facility (RRF) amounts to €69.5 billion and represents 9.6 % of the entire RRF, or 5.6 % of the country's gross domestic product (GDP) in 2019 (the RRF ...
The role of public investments in the EU economic governance framework
A special treatment for certain types of investments, such as green investments, in the European fiscal framework may be justified on the ground that there are priority objectives such as the future health of the planet. An “investment clause”, less restrictive than the existing one, can be envisaged for projects that are co-financed, financed or guaranteed by the European Union or by European Union Institutions, such as the European Investment Bank.
The RRF role in strengthening Active Labour Market Policies and Public Employment Services
This study analyses the measures addressing Pillar 4 (social and territorial cohesion) of the Recovery and Resilience Facility (RRF). It focuses on two policy domains: active labour market policies and public employment services. The study zooms in on the reforms and investments included in the RRF plans of three EU Member States (Italy, Spain and Croatia) and assesses their relevance, effectiveness and coherence.
Economic Dialogue and Exchange of Views with the President of the Council (ECOFIN) - ECON on 24 January 2023
Elisabeth Svantesson, Minister of Finance of the Sweden, is participating in the ECON Committee in her capacity of President of the ECOFIN Council during the Swedish Presidency (January-June 2023). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This document provides an overview of the Swedish Presidency priorities in ECON matters, including the Council’s work relating to ...
2023 Recommendations on the economic policy of the Euro Area: A comparison of Commission and Council texts (the ‘comply or explain’ principle)
This document compares the draft 2023 Recommendation for the economic policy of the Euro Area proposed by the European Commission on 22 November 2022 with the 2023 Euro Area recommendation approved by the Council (ECOFIN) on 17 February 2023.
Addressing the challenges of the digital transition in national Recovery and Resilience Plans
This paper analyses the digital pillar of the national RRPs to identify the key initiatives, examine the distribution of resources, assess the current state of implementation and define the main challenges in reaching the overall objectives.