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Cohesion, resilience and values: Heading 2 of the 2021-2027 MFF

14-04-2021

Heading 2 – Cohesion, resilience and values – is the biggest of the seven headings in the multiannual financial framework (MFF) for the 2021-2027 period in terms of budget. Since about 87 % of the heading falls under shared management and will be distributed to national envelopes, for the Member States it is a particularly important part of the MFF. It is also the most diverse heading in terms of the types of programme and fund included. It encompasses expenditure on cohesion, one of the EU's long-standing ...

Heading 2 – Cohesion, resilience and values – is the biggest of the seven headings in the multiannual financial framework (MFF) for the 2021-2027 period in terms of budget. Since about 87 % of the heading falls under shared management and will be distributed to national envelopes, for the Member States it is a particularly important part of the MFF. It is also the most diverse heading in terms of the types of programme and fund included. It encompasses expenditure on cohesion, one of the EU's long-standing policies, on an entirely new budgetary instrument supporting economic recovery and resilience, and on other increasingly important goals, including youth, the creative sector, values, equality and the rule of law. Moreover, the bulk of the Next Generation EU instrument will be channelled through programmes under Heading 2. This briefing presents Heading 2 in detail. It aims to provide some clarity on its structure and allocation, and is structured around three spending areas: cohesion; recovery; and citizens and values. In the 2021-2027 MFF, the allocation on economic, social and territorial cohesion (subheading 2a) – the budget for cohesion policy – is about 10 % lower than its equivalent, subheading 1b, in the 2014-2020 MFF. Additional resources from REACT-EU, a temporary instrument financed under the Next Generation EU instrument (NGEU), will lift the cohesion policy budget to a level comparable with the allocation under the previous MFF. This is an update of a briefing from January 2019.

EU economic developments and projections

14-04-2021

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 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

Single Resolution Board: Accountability arrangements (9th parliamentary term)

14-04-2021

This document provides an overview of public hearings and exchange of views with the Chair of the Single Resolution Board (SRB) in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the SRB. For an overview of public hearings during the 8th parliamentary term, ...

This document provides an overview of public hearings and exchange of views with the Chair of the Single Resolution Board (SRB) in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the SRB. For an overview of public hearings during the 8th parliamentary term, please see here.

Single Supervisory Mechanism: Accountability arrangements (9th parliamentary term)

14-04-2021

This document provides an overview of public hearings and exchange of views with the Chair of the European Central Bank (ECB) Supervisory Board in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the Single Supervisory Mechanism (SSM). For an overview of public ...

This document provides an overview of public hearings and exchange of views with the Chair of the European Central Bank (ECB) Supervisory Board in the ECON Committee since July 2019. It also provides an overview of all external papers requested by the ECON Committee by a standing panel of banking experts. Lastly, the annex contains an overview of the respective legal bases for these hearings as part of the accountability framework of the Single Supervisory Mechanism (SSM). For an overview of public hearings during the 8th parliamentary term, please see here.

The SURE: Implementation

13-04-2021

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 in tabular format of the SURE implementing decisions as adopted by Council, of Commission issuances under SURE and of disbursements. It will be regularly updated.

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 in tabular format of the SURE implementing decisions as adopted by Council, of Commission issuances under SURE and of disbursements. It will be regularly updated.

Advances in administrative cooperation in the field of taxation

08-04-2021

The digitalisation of the economy opens the door to new cross-border economic activities that makes it possible to under-report income and under-pay tax. It also presents new challenges for tax administrations, already faced with limited access to information at the national level. Hence, in July 2020 the Commission proposed to amend the provisions on information exchange and administrative cooperation and to include the automatic exchange of data on information declared by digital platform operators ...

The digitalisation of the economy opens the door to new cross-border economic activities that makes it possible to under-report income and under-pay tax. It also presents new challenges for tax administrations, already faced with limited access to information at the national level. Hence, in July 2020 the Commission proposed to amend the provisions on information exchange and administrative cooperation and to include the automatic exchange of data on information declared by digital platform operators in their scope. The goal is to ensure that sellers on digital platforms pay their fair share of taxes, align EU countries to the digital economy, and close the gaps for tax evasion and avoidance. Right now, having secure tax revenues is vital for the provision of support to the people and businesses most in need. The Parliament's ECON committee adopted its report on the proposal for an amended Directive on Administrative Cooperation (DAC7) on 4 February 2021. The Parliament adopted its opinion on the Commission’s proposal on 10 March 2021. The Council had reached agreement on the proposal on 1 December 2020, and formally adopted it on 22 March 2021. Member States have to transpose the directive's provisions and apply them as of 1 January 2023, except for the provisions on joint audits which will apply from 2024.

The EU strategic autonomy debate [What Think Tanks are thinking]

30-03-2021

An increasing number of politicians and analysts argue that the European Union should boost its ‘strategic autonomy’ and/or develop a higher degree of ‘European sovereignty’. These concepts encompass a greater potential for independence, self-reliance and resilience in a wide range of fields – such as defence, trade, industrial policy, digital policy, economic and monetary policy, and health policy – following a series of events in recent years that have exposed Europe’s vulnerability to external ...

An increasing number of politicians and analysts argue that the European Union should boost its ‘strategic autonomy’ and/or develop a higher degree of ‘European sovereignty’. These concepts encompass a greater potential for independence, self-reliance and resilience in a wide range of fields – such as defence, trade, industrial policy, digital policy, economic and monetary policy, and health policy – following a series of events in recent years that have exposed Europe’s vulnerability to external shocks. The debate emerged in the late 2010s, after the French President, Emmanuel Macron, called for a conscious ‘European sovereignty’ and the German Chancellor, Angela Merkel, said that Europe would have to take its destiny into its own hands, as it could no longer necessarily rely on the United States to protect it. This latter statement followed President Donald Trump’s withdrawal from the landmark nuclear deal with Iran, in which the EU had invested significant political capital. In parallel, there is growing concern about the implications for Europe of the progressive hardening of positions between the US and China, on both economic and political fronts. This note offers links to recent commentaries, studies and reports from international think tanks on the European issues related to European strategic autonomy and sovereignty.

Technical Support Instrument

30-03-2021

On 28 May 2020, the European Commission adopted a proposal for a regulation on a Technical Support Instrument that would provide Member States with technical support to strengthen their institutional and administrative capacity in designing and implementing reforms. In the context of the 'Next Generation EU' recovery plan, it would support them to prepare and implement recovery and resilience plans, and make reforms and investments related to the green and digital transitions. Modelled on an instrument ...

On 28 May 2020, the European Commission adopted a proposal for a regulation on a Technical Support Instrument that would provide Member States with technical support to strengthen their institutional and administrative capacity in designing and implementing reforms. In the context of the 'Next Generation EU' recovery plan, it would support them to prepare and implement recovery and resilience plans, and make reforms and investments related to the green and digital transitions. Modelled on an instrument proposed by the Commission in 2018, the Technical Support Instrument would replace the Structural Reform Support Programme that has helped implement over 1 000 reform projects in the Member States since 2017. This new instrument has a budget of €864 million over the 2021-2027 period (in current prices); by contrast, the Structural Reform Support Programme had a budget of €222.8 million for 2017-2020. At the European Parliament, the Committee on Budgets (BUDG) and the Committee on Economic and Monetary Affairs (ECON) worked jointly on this file under Rule 58 of the Parliament's Rules of Procedure. After interinstitutional negotiations, on 19 January 2021, the Parliament adopted the compromise text at first reading. The final act was signed on 10 February and published in the Official Journal on 19 February; the regulation entered into force the following day. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

InvestEU programme: The EU's new investment support scheme

30-03-2021

The InvestEU programme is a single investment support mechanism for the 2021-2027 period. It brings together various EU financial instruments for internal policies previously supported by different funds and programmes of the EU budget. On 26 March 2021, the InvestEU Regulation entered into force, with retroactive application from 1 January 2021. The EU guarantee, set at €26.2 billion, is expected to mobilise at least €372 billion of investment across the EU (in current prices). In addition, at Parliament's ...

The InvestEU programme is a single investment support mechanism for the 2021-2027 period. It brings together various EU financial instruments for internal policies previously supported by different funds and programmes of the EU budget. On 26 March 2021, the InvestEU Regulation entered into force, with retroactive application from 1 January 2021. The EU guarantee, set at €26.2 billion, is expected to mobilise at least €372 billion of investment across the EU (in current prices). In addition, at Parliament's insistence, European Investment Bank legacy portfolios will be consolidated with InvestEU, which could mobilise an extra €35-40 billion in investment. Under the national compartment, Member States are able to allocate amounts to InvestEU from funds under shared management and from the new Recovery and Resilience Facility. Composed of four policy windows (sustainable infrastructure; research, innovation and digitalisation; SMEs; and social investment and skills), InvestEU is designed to contribute to the green transition in various ways, including through investment targets and a horizontal Just Transition Scheme.

Outcome of the video-conferences of EU leaders on 25 March 2021

30-03-2021

Due to the worsening epidemiological situation, EU leaders met on 25 March 2021 in a series of video-conferences instead of a two-day physical meeting. The top priority was the fight against the coronavirus pandemic, notably through increasing production, delivery and deployment of vaccines. Another highlight of the European Council meeting was the exchange of views with the President of the United States, Joe Biden – the first such meeting for 11 years – which focused on the coronavirus pandemic ...

Due to the worsening epidemiological situation, EU leaders met on 25 March 2021 in a series of video-conferences instead of a two-day physical meeting. The top priority was the fight against the coronavirus pandemic, notably through increasing production, delivery and deployment of vaccines. Another highlight of the European Council meeting was the exchange of views with the President of the United States, Joe Biden – the first such meeting for 11 years – which focused on the coronavirus pandemic and common challenges. In addition, EU leaders reviewed recent work in the area of the single market, industrial policy and digital, and discussed the situation in the eastern Mediterranean and relations with Turkey. The Euro Summit video-conference discussed the international role of the euro.

Tulevat tapahtumat

19-04-2021
Public Hearing - Empowering women entrepreneurs and investors
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FEMM
19-04-2021
The reform of the Code of Conduct Group criteria and process
Kuulemistilaisuus -
FISC
21-04-2021
EPRS online history roundtable: How Jean Monnet changed Europe [...]
Muu tapahtuma -
EPRS

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