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Economic Dialogue with Romania

In-Depth Analysis 28-10-2022

ECON on 7 November 2022 This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an economic dialogue and exchange of views with Mr Adrian Câciu, Minister of Finance of Romania, in the ECON committee of the European Parliament. The invitation for an exchange of views is in accordance with the EU economic governance framework.

This note presents the main features of the Recovery and Resilience Facility relevant for scrutiny by the European Parliament, namely its financing; the Recovery and Resilience Plans and the framework for their assessment; and EU level governance of the RRF, in terms of both its implementation and monitoring and oversight . It also highlights the changes the Facility is bringing to the European Semester.

This papers reflects on recent turmoil created by derivatives used by energy companies and by UK pension funds, assessing some recent work of the European Supervisory Authorities, reports on EIOPA’s review of Credit Protection Insurance that unveiled poor underwriting and sales practices, as well as poor value for money from a consumer perspective, and contains a section on cyber risk, subject to increased warnings by supervisory authorities.

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.

This note provides a brief overview of Parliament involvement in scrutinising the Recovery and Resilience Facility (and the European Union Recovery Instrument). It is based on Regulation 2021/241 of 21 February, setting out the Recovery and Resilience Facility, and the relevant parts of the new Interinstitutional Agreement on budgetary matters established between the Parliament, the Council and the Commission. It does not cover nor discusses in detail other instruments or frameworks for scrutiny, ...

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 ...

Gaps beyond Recovery and Resilience Plans

In-Depth Analysis 09-09-2022

This briefing presents a “gap analysis” identifying economic and structural challenges remaining for Member States beyond implementation of their Recovery and Resilience Plans. The annex compiles the gaps the Commission identified in the 2022 European Semester country reports and matches those with the 2022 Country Specific Recommendations addressed to the Member States. It further displays additional challenges EGOV identified in publicly available information.

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the seventh Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. The previous RRD took place on 2 May. This briefing first presents a state of play of the Recovery and Resilience Plans and the impacts of the July partial recalculation of grants’ allocation. It then focuses on the Parliament’s resolution of 23 June and the Commission’s Review Report of end July. A third section deals ...

This briefing provides an overview of the European Parliament’s concerns as expressed in its 29 July 2022 Resolution, as regards implementation of the Recovery and Resilience Facility. It does so by providing two tables - one matching the Parliament’s resolution and the Commission’s article 16 Review Report and a second one pointing to public information available addressing such concerns.

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an economic dialogue and exchange of views with Fernando Medina, Minister of Finance of Portugal, in the ECON committee of the European Parliament. The invitation for an exchange of views is in accordance with the EU economic governance framework. The last exchange of views with the Portuguese authorities took place in November 2016.