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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 document presents: • The 2022 CSRs adopted by the Council, in the framework of the European Semester, on 17 June 2022 and • The 2021 fiscal recommendations adopted by the Council on 18 June 2021, • The 2020 CSRs adopted by the Council, in the framework of the European Semester, on 20 July 2020, • The 2019 Country-Specific Recommendations (CSRs) adopted by the Council on 9 July 2019, • The European Commission’s assessments of the implementation of the 2019, 2020 and 2021 CSRs based on its ...

This note is prepared in view of an ordinary public hearing with the Chair of the Single Resolution Board (SRB), Elke König, which will take place on 13 July 2022. During the hearing, the Chair of the SRB will notably address the institution’s 2021 annual report, published on 27 June 2022. This briefing also addresses the Sberbank resolution case, developments on MREL build-up and in relation to the Banking Union, and it presents a summary of some recent institutional policy papers relevant for ...

Zbyněk Stanjura, Minister of Finance of the Czech Republic, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Czech Presidency (July-December 2022). 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 briefing provides an overview of the Czech Presidency priorities in ECON matters, including the Council’s work relating to ...

This document compares the draft 2022 Country Specific Recommendations (CSRs) proposed by the Commission on 23 May 2022 with the 2022 CSRs adopted by the Council on 17 June 2022. The comparison is provided in order to facilitate the assessment of the "comply or explain" rule stipulated in Article 2-ab(2) of EU Regulation No 1175/2011: "The Council is expected to, as a rule, follow the recommendations and proposals of the Commission or explain its position publicly".

This note is prepared in view of a regular public hearing with the Chair of the Supervisory Board of the European Central Bank (ECB), Andrea Enria, which will take place on 30 June 2022. The briefing addresses: 1) latest developments regarding completion of the Banking Union, 2) excessive leverage, 3) the ECB’s Annual Report on supervisory activities 2021, 4) conduct risk, 5) a snapshot of the euro area banking sector one quarter after the start of the war in Ukraine, 6) statistics on loans subject ...

This note is prepared in view of a regular public hearing with the Chair of the European Systemic Risk Board (ESRB), Christine Lagarde, which will take place on 20 June 2022. The aim of the meeting is to discuss recent developments in macroprudential policy field, potential systemic risks looming ahead, notably the impact of the Russia-Ukraine conflict. The briefing provides (i) summaries of the issues highlighted by the ESRB in its letters to the European Parliament; (ii) the risks building-up ...

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 ...

This paper provides a summary of recent economic, financial and budgetary measures 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 ...

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 with Pascal Donohoe, Minister of Finance of Ireland, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework.