1867

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Domaine politique
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The main building blocks of the Recovery and Resilience Facility

11-06-2021

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 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.

Harnessing the new momentum in transatlantic relations: Potential areas for common action during the Biden presidency

10-06-2021

The transatlantic relationship has been witnessing a significant injection of renewed enthusiasm and policy activity since Joe Biden became President of the United States in January 2021. This paper focuses on three important issues on the rapidly evolving transatlantic policy agenda, exploring their potential for generating, in effect, new 'common global goods' during the Biden presidency. First, it looks at pathways towards developing some kind of 'transatlantic green deal', taking climate action ...

The transatlantic relationship has been witnessing a significant injection of renewed enthusiasm and policy activity since Joe Biden became President of the United States in January 2021. This paper focuses on three important issues on the rapidly evolving transatlantic policy agenda, exploring their potential for generating, in effect, new 'common global goods' during the Biden presidency. First, it looks at pathways towards developing some kind of 'transatlantic green deal', taking climate action, trade and climate diplomacy in the round. Second, it analyses the comparative fabrics of US and European societies through the triple lens of violent extremism, the rule of law and technological disruption. Third, the prospects for 'crisis-proofing' the transatlantic space for the future are examined by looking at defence, health security and multilateralism. The paper also explores some potential avenues for closer transatlantic parliamentary cooperation, building on the already strong relationship between the European Parliament and the US Congress.

Implementation of the Stability and Growth Pact under pandemic times

10-06-2021

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of the latest Commission and Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecasts. This document is regularly updated.

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of the latest Commission and Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecasts. This document is regularly updated.

Preventing money laundering in the banking sector - reinforcing the supervisory and regulatory framework

09-06-2021

This paper provides an overview of current initiatives and actions aiming at reinforcing the anti-money laundering (AML) supervisory and regulatory framework in the EU, in particular from a Banking Union perspective. This briefing first outlines the EU framework for fighting money laundering, which includes legislation (most notably the 5th AML Directive) and a number of Commission and Council Action Plans. Secondly, an overview of AML prevention relevant authorities, at both the EU and national ...

This paper provides an overview of current initiatives and actions aiming at reinforcing the anti-money laundering (AML) supervisory and regulatory framework in the EU, in particular from a Banking Union perspective. This briefing first outlines the EU framework for fighting money laundering, which includes legislation (most notably the 5th AML Directive) and a number of Commission and Council Action Plans. Secondly, an overview of AML prevention relevant authorities, at both the EU and national level, is provided. This section also explains the 2019 review of the founding regulations of the European Supervisory Authorities, through which competences relating to preventing AML in the financial sector were consolidated within the European Banking Authority. Lastly, the paper highlights expected upcoming changes to the AML framework, largely based on the Commission’s May 2020 Action plan for a comprehensive Union policy on preventing money laundering and terrorism financing, and associated legislative initiatives expected in July 2021. It is relevant to note that this briefing focuses on AML concerns in the banking sector. While financial and non-financial intermediaries have an important role to play, these are not the focus of this briefing. Nevertheless, reference is made to closely related areas (notably, to Financial Intelligence Units, the work of markets and insurance supervisors on preventing AML and related matters) when relevant to a better understanding of its impacts on the banking sector. This paper builds on and updates a previous EGOV briefing on the same topic.

Economic Dialogue with Cyprus - ECON on 3 June 2021

31-05-2021

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 Constantinos Petrides, Cyprus Finance Minister, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last exchange of views with the Cypriot authorities took place on 25 January 2016.

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 Constantinos Petrides, Cyprus Finance Minister, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last exchange of views with the Cypriot authorities took place on 25 January 2016.

Technical Support Instrument: main features

28-05-2021

In order to help national authorities in improving their capacity to design, develop and implement reforms, including those covered by recovery and resilience plans pursuant to Regulation (EU) 2021/241), the European Parliament and the Council adopted on 10 February 2021 the Regulation (EU) 2021/240 establishing a Technical Support Instrument. The Instrument may finance a broad range of technical assistance actions refering to policy areas related to cohesion, competitiveness and others, with specific ...

In order to help national authorities in improving their capacity to design, develop and implement reforms, including those covered by recovery and resilience plans pursuant to Regulation (EU) 2021/241), the European Parliament and the Council adopted on 10 February 2021 the Regulation (EU) 2021/240 establishing a Technical Support Instrument. The Instrument may finance a broad range of technical assistance actions refering to policy areas related to cohesion, competitiveness and others, with specific emphasis on digital and just green transitions.This note presents its main characteristics, focusing notably in its connection with the EU economic governance framework and the European Semester.

Macro-Financial Assistance to EU Member States - May 2021

20-05-2021

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, the EFSF, the EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Since August 2018 all financial assistance programmes to EU Member States have been concluded; therefore, the document focuses on the implementation of the enhanced surveillance framework for Greece and post-programme reviews for Ireland, Portugal, Romania, Cyprus ...

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, the EFSF, the EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Since August 2018 all financial assistance programmes to EU Member States have been concluded; therefore, the document focuses on the implementation of the enhanced surveillance framework for Greece and post-programme reviews for Ireland, Portugal, Romania, Cyprus and Spain undertaken by the European Commission (EC) in liaison with the ECB (Post-Programme Surveillance, PPS), the IMF (Post-Programme Monitoring, PPM, and Article IV assessments) and the ESM (Early Warning System, EWS).

Defence industry cooperation in the European Union: Rationale, initiatives, achievements, challenges

12-05-2021

Offering an overview of cooperation in the EU defence industry, this paper aims to answer the following questions: What EU action has been taken and which laws apply? Is the European Defence Fund a game-changer? What are the achievements of and challenges facing Europe's defence industry? What role can the future combat air system play? Where does the European Parliament stand? With these initiatives and instruments in place, will the European Union be able to successfully enhance economic cooperation ...

Offering an overview of cooperation in the EU defence industry, this paper aims to answer the following questions: What EU action has been taken and which laws apply? Is the European Defence Fund a game-changer? What are the achievements of and challenges facing Europe's defence industry? What role can the future combat air system play? Where does the European Parliament stand? With these initiatives and instruments in place, will the European Union be able to successfully enhance economic cooperation in the defence sector?

First Recovery and Resilience Dialogue with the European Commission

07-05-2021

Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the first Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing addresses the following subjects: the Recovery and Resilience Facility and its scrutiny; the framework for defining and assessing Recovery and Resilience Plans and the procedures and timelines for their adoption; the financing of the Facility; data on the current economic situation and some estimates on the impact ...

Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the first Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing addresses the following subjects: the Recovery and Resilience Facility and its scrutiny; the framework for defining and assessing Recovery and Resilience Plans and the procedures and timelines for their adoption; the financing of the Facility; data on the current economic situation and some estimates on the impact of Facility. Five annexes present, respectively, a timeline of the Facility; the state of play with national plans; economic data; the European Semester roadmap and survey data on involvement of national parliaments in the Facility.

The six policy priorities of the von der Leyen Commission: State of play in spring 2021

03-05-2021

This EPRS paper ana