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Plenary round-up – October I 2022

At a Glance 07-10-2022

Russia's war on Ukraine once again featured at the top of agenda during the October I 2022 plenary session, with a debate held with the European Commission and Council on Russia's escalation of the conflict, and Members calling for a massive increase in defence support for Ukraine, as well as additional support for those regions most affected. Regarding the related energy crisis, Members demanded that the EU response focus on the most vulnerable. A number of political debates were held, inter alia ...

Russia’s war on Ukraine has threatened to undermine the European Union’s economic recovery from the pandemic. Most EU Member States had returned to growth after two years of COVID, with the help of the massive Next Generation EU fund, but the military conflict brought about a steep rise in the prices of food and, especially energy. The resulting surge in inflation has forced the European Central Bank and other central banks to raise interest rates, boding ill for future growth. Rate hikes by the ...

The Data act

Briefing 07-10-2022

On 23 February 2022, the European Commission unveiled a proposal for an EU regulation – the data act – laying down harmonised rules on fair access to and use of data. The aim is to remove barriers before consumers and businesses' access to data in a context in which the volume of data generated by humans and machines is increasing exponentially and becoming a critical factor for innovation by businesses (e.g. algorithm training) and by public authorities (e.g. shaping of smart cities). The proposed ...

One language disappears every two weeks, and up to 90 % of existing languages could be gone by the turn of the century. Globalisation, social and economic pressures and political options can determine whether a language survives. Multilingualism is a cornerstone of the European project, with 24 official and 60 minority languages. In a digital era, ensuring digital language equality can help preserve linguistic diversity.

The European Union (EU) is legally bound by the Climate Law to reach climate neutrality by 2050 and deliver negative emissions from that year on. To do so, carbon emissions must be significantly reduced and any remaining greenhouse gas (GHG) emissions balanced, and subsequently exceeded, by sequestration or removals, to limit and ultimately reverse the warming of our planet. In its December 2021 communication on sustainable carbon cycles, the Commission outlined various approaches to capture and ...

This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions

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 ...

On 6 and 7 October 2022, the EU Heads of State or Government will meet in Prague for an informal meeting of the European Council, preceded by the inaugural meeting of the European Political Community (EPC). Seventeen non-EU European heads of state or government will join the EU-27 leaders for the first meeting of the European Political Community. The 44 leaders are expected to focus, in smaller groups, on peace and security, climate and energy, migration and economic cooperation. They could also ...

Satellite communication is becoming a strategic asset for governments and civil society alike, in the context of the twin digital and ecological transition. Complementary to terrestrial networks, it can contribute to seamless digital communication, even when such networks are absent or disrupted. It builds on technological advances to ensure both low latency and global coverage, as well as the deployment of other emerging technologies such as quantum-based cybersecurity. Today, the EU does not have ...

In most countries in the European Union (EU) and in the rest of the world, debt is treated more favourably from a tax perspective than equity, with interest payments to loans generally being tax deductible. In contrast, costs related to equity financing, such as dividends, are mostly non-tax deductible. This unequal treatment between debt and equity induces a bias towards debt in businesses' investment decisions and can therefore lead to high levels of indebtedness in the European corporate sector ...