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In December 2021, the European Commission presented a proposal for an amendment of Regulation 2020/2093 on the multiannual financial framework (MFF) for the years 2021 to 2027. The proposed targeted revision has the following purposes: a) to raise the MFF ceilings to incorporate the social climate fund; and b) to introduce an automatic annual adjustment of the MFF ceilings based on new own resources, to allow for the repayment of Next Generation EU borrowing. On 31 August, the Committee on Budgets ...

Entrepreneurial literacy and skills (ELS) empower European citizens to act on economic opportunities and enable them to adequately respond to ongoing impactful changes, such as the green transition, the ageing workforce and the digitalisation. This research paper analyses relevant empirical indicators of ELS, highlights the role of underrepresented groups in entrepreneurship and discusses EU-funded mechanisms in relation to ELS. The research paper concludes with recommendations on policy-making in ...

This initiative focuses specifically on the issue of economic coercion and the EU's possible response, aiming to preserve the EU's open strategic autonomy and policy-making space. The IA clearly defines the problem, its underlying causes, and the objectives to address it. The creation of a new legal instrument to deter and counteract economic coercion is the only type of option retained for analysis. This presumably follows on from the political commitment made in early 2021 (although this is not ...

This study provides an analysis and assessment of EU tools to respond to natural disasters. Particular attention is paid to the European Union Solidarity Fund and the potential synergies and overlaps with other EU instruments including the Emergency Aid Reserve, the EU Civil Protection Mechanism as well as Cohesion Policy. Also, the recent modifications to the EUSF including the extension to address major public health emergencies as well as the modifications linked to the 2021-2027 programming period ...

Central banks attach great importance to inflation expectations. Households’ and firms’ expectations about the future path of inflation affect wage and price setting as well as consumption and investment decisions. Financial market participants’ expectations are relevant because they influence financial prices and financing conditions. Inflation expectations “anchored” around the inflation target are seen as a pre-condition for maintaining price stability and credibility of the central bank. Starting ...

The Media Action Plan released by the European Commission in December 2020 is the first policy document explicitly setting out a vision and dedicated initiatives for the news media sector. This paper discusses the current situation of the sector and its revenue streams, the important impacts of the COVID-19 pandemic, and the main public and private funding models to support the sector.

One of the key lessons learned from the financial crisis in 2007-2008 is that in order to reduce the direct and indirect costs of bank failures for national governments, one has to have a credible framework in place to deal with banks’ failures, including clear rules as to the allocation of losses and the conditions attached to the use of common resources, to provide strong incentives for taking measures of precaution in good times and minimise losses in times of crisis. To that end, Europe has put ...

Threatening both its caliphate project and its sources of funding, the series of military setbacks that the so-called Islamic State group (IS) as suffered for several months have called into question the group’s very existence. That is not to say that its offensive capabilities will be neutered – the organisation will remain able to employ ’low-cost‘ terrorist attacks to target civilians throughout the Middle East, Africa, Europe, America or Asia. In mobilising Member States to fight against terrorism ...

ISIL/Da'esh: From Mosul to Mosul

De un vistazo 13-07-2017

In June 2014, ISIL/Da'esh took over the city of Mosul in Iraq, and from there declared the advent of an Islamic State. Three years later, in July 2017, after nine months of battle involving Iraqi security forces, popular militias and Kurdish troops, ISIL/Da'esh has been expelled from its Iraqi stronghold, adding to the past two years' severe territorial losses. This is an important victory; however, it does not yet represent the eradication of a terrorist group that still has many supporters.

Se utilizan cada vez más los instrumentos financieros en la financiación regional de la Unión, junto a las subvenciones más tradicionales. Estos instrumentos pueden considerarse una manera eficiente, desde el punto de vista de los recursos, de utilizar fondos públicos en tiempos de restricciones presupuestarias. Sin embargo, es importante crear las sinergias adecuadas y explorar qué combinación logra mejor los objetivos en materia de política de cohesión. La combinación correcta de financiación es ...