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The purpose of Draft Amending Budget No 7/2020 (DAB 7/2020) is to update the revenue side of the budget, taking into account the latest economic developments. Due to the coronavirus pandemic, the outlook for the European economy has changed significantly since the budget was adopted. DAB 7 proposes the following adjustments on the revenue side of the 2020 budget: an update of the estimates for traditional own resources, the own resources based on the value added tax and gross national income. Further ...

This study analyses the existing and proposed mechanisms available to the institutions of the EU that may be deployed in order to monitor and enforce the observance of EU values by the Member States. More specifically, the study addresses the status and meaning of EU values (Article 2 TEU) and also discusses existing monitoring and preventive mechanisms (European Semester, EU Justice Scoreboard, Commission's rule of law framework, the Council's dialogues on the rule of law, and the preventive arm ...

The Commission has launched an assessment and revision of the so-called six-pack and two-pack legislative packages. This paper assesses the successes and shortcomings of the European Semester with a focus on legitimacy, effectiveness and ownership. It argues that in order to address these problems, the framework should be redesigned from a new starting point, which builds on existing divisions of competence and clear decision making structures. This would help to restore the honesty and credibility ...

The Stability and Growth Pact (SGP) is the legal framework (based on primary and secondary EU law) that seeks to ensure sustainable public finances in the interest of the stability of the Economic and Monetary Union (EMU). It consists of two main building blocks: the preventive arm and the corrective arm. Stylised overviews, including on flexibility provisions (endorsed by the Council) within the existing rules of the SGP, are provided in the annexes. The main sources used in this briefing are primary ...

The Macroeconomic Imbalance Procedure (MIP) is a policy tool introduced within the reinforced economic governance framework adopted in 2011. The MIP aims at preventing and correcting macroeconomic imbalances in Member States, with specific attention to imbalances with potential spillovers effects on other Member States.

In 2016, 19 080 irregularities affecting the EU budget were reported to the Commission, which is a decrease of 15 % in comparison to 2015. Furthermore, the value of irregularities decreased by 8 % from €3.21 billion in 2015 to €2.97 billion in 2016. Of the total, 1 410 fraudulent irregularities were reported, involving €391 million.

While EU-Russia relations had long been difficult, in 2014 they took an abrupt turn for the worse, after Russia illegally annexed Crimea and fomented separatist insurgencies in eastern Ukraine. To date, little progress has been made towards ending the Ukraine conflict. In addition, new sources of tension have emerged, for example: Russia's military backing for the Assad regime in Syria, and alleged Russian interference in EU politics. In the short term, an easing of tensions seems unlikely. In March ...

In early 2014, Russia violated international law by annexing Crimea and allegedly fomenting separatist uprisings in the eastern Ukrainian region of Donbas. The European Union, the United States and several other Western countries responded with diplomatic measures in March 2014, followed by asset freezes and visa bans targeted at individuals and entities. In July 2014, sanctions targeting the Russian energy, defence and financial sectors were adopted. These sanctions have not swayed Russian public ...

Makrotalouden valvonta

Faktatietoja EU:sta 01-07-2017

Euroopan unioni on kymmenen viime vuoden ajan kärsinyt makrotalouden huomattavasta epätasapainosta, joka lisäsi vuonna 2008 alkaneen finanssikriisin kielteisiä vaikutuksia. Lisäksi suuret kilpailukykyerot estivät yhteisten rahapoliittisten toimenpiteiden soveltamisen tehokkaasti. Vuonna 2011 luotiin makrotalouden epätasapainoa koskeva menettely. Kyseessä on valvonta- ja täytäntöönpanomenettely, jonka tarkoituksena on helpottaa jäsenvaltioiden makrotalouden epätasapainon havaitsemista ja korjaamista ...

Migration was the main topic at the European Council of 20-21 October 2016, and featured most prominently in its conclusions. Other topics discussed were global and economic issues, external relations and trade issues, in particular the Comprehensive Economic and Trade Agreement with Canada. This was the first formal European Council meeting since the informal meeting of 27 Heads of State or Government on 16 September 2016 in Bratislava, and it demonstrated how the meetings in this format are shaping ...