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The public sector loan facility under the Just Transition Mechanism

22-11-2021

The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism (JTM), along with the Just Transition Fund and just transition scheme under Invest EU. The facility consists of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget (including assigned revenues) and EIB lending of €10 billion from its own resources, the aim is for the public sector loan facility to mobilise between €25 and 30 billion in public ...

The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism (JTM), along with the Just Transition Fund and just transition scheme under Invest EU. The facility consists of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget (including assigned revenues) and EIB lending of €10 billion from its own resources, the aim is for the public sector loan facility to mobilise between €25 and 30 billion in public investment over the 2021-2027 period. Funding will be available to all Member States, while focusing on the regions with the biggest transition challenges. In the European Parliament, the Committee on Budgets (BUDG) and the Committee on Economic and Monetary Affairs (ECON) had joint responsibility for this file. Their report was adopted at a joint sitting of the two committees on 16 October 2020. The provisional agreement on the proposal reached after trilogue negotiations with the Council was confirmed in plenary session of the Parliament on 24 June 2021. The Council adoption followed on 13 July, the Regulation was then signed on 14 July and published in the Official Journal on 30 July 2021. Second edition of a Briefing originally drafted by Christiaan Van Lierop and Sidonia Mazur. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Adoption of the European Union's 2022 Budget

19-11-2021

During the November II plenary session, the European Parliament is due to adopt the European Union's general budget for 2022. In practice, Parliament will vote on the provisional agreement reached on 15 November 2021 during the budgetary conciliation between Parliament and the Council. If agreed, commitment appropriations for 2022 will amount to €169.5 billion and payments to €170.6 billion. The negotiations also reached agreement on Amending Letter No 1 to the 2022 budget (AL 1/2022) and draft amending ...

During the November II plenary session, the European Parliament is due to adopt the European Union's general budget for 2022. In practice, Parliament will vote on the provisional agreement reached on 15 November 2021 during the budgetary conciliation between Parliament and the Council. If agreed, commitment appropriations for 2022 will amount to €169.5 billion and payments to €170.6 billion. The negotiations also reached agreement on Amending Letter No 1 to the 2022 budget (AL 1/2022) and draft amending budgets 5 and 6 to the 2021 budget (DAB 5/2021 and DAB 6/2021). The annual budgetary negotiations this year took place in the dynamic context of the Covid 19 pandemic, climate debates and humanitarian crises.

Revision of the Financial Regulation

17-11-2021

In March 2021, the European Commission announced a legislative proposal to revise the EU Financial Regulation to align it with the 2021 2027 multiannual financial framework and Next Generation EU. In anticipation of the Commission's proposals, an own-initiative report by the relevant European Parliament committees clearly expresses expectations of a stronger Parliamentary role in the budgetary scrutiny of Next Generation EU funds, and the integration of the rule-of-law conditionality in the Financial ...

In March 2021, the European Commission announced a legislative proposal to revise the EU Financial Regulation to align it with the 2021 2027 multiannual financial framework and Next Generation EU. In anticipation of the Commission's proposals, an own-initiative report by the relevant European Parliament committees clearly expresses expectations of a stronger Parliamentary role in the budgetary scrutiny of Next Generation EU funds, and the integration of the rule-of-law conditionality in the Financial Regulation. The report is on the agenda for debate during the November II plenary session.

Policy Departments’ Monthly Highlights - November 2021

17-11-2021

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Brexit Adjustment Reserve

09-11-2021

As part of the preparations for the United Kingdom's withdrawal from the European Union, the European Council agreed in July 2020 to create a Brexit adjustment reserve within the special instruments outside the budget ceilings of the European Union's multiannual financial framework, with a budget of €5 billion to counter unforeseen and adverse consequences in Member States and sectors that are most affected. The Commission adopted a proposal for a regulation on the Brexit adjustment reserve on 25 ...

As part of the preparations for the United Kingdom's withdrawal from the European Union, the European Council agreed in July 2020 to create a Brexit adjustment reserve within the special instruments outside the budget ceilings of the European Union's multiannual financial framework, with a budget of €5 billion to counter unforeseen and adverse consequences in Member States and sectors that are most affected. The Commission adopted a proposal for a regulation on the Brexit adjustment reserve on 25 December 2020. The reserve will support public expenditure incurred by Member States from 1 January 2020 to 31 December 2023 for eligible measures, which include support for affected sectors, training, and new border facilities. Funding will be available for all Member States, distributed in several allocation tranches, with 80 % of the resources due to be allocated to Member States in the form of pre-financing, to be disbursed in 2021, 2022 and 2023, and the remainder to be made available in 2025, where applicable. Each country's allocation is calculated based on the importance of its trade with the UK and, where applicable, its dependence on fisheries in UK waters and the size of the population of maritime border regions with the UK. Following the agreement on the final text between Council and Parliament on 17 June 2021, Parliament adopted its first-reading position on 15 September 2021, with the act adopted by Council on 28 September. The regulation was published in the Official Journal on 8 October 2021. Third edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Locations of the EU Decentralised Agencies

05-11-2021

The European Union has decentralised a number of functions, locating agencies across the European Union. The are many factors influencing the choice of the seat(s) of an agency, including the political aim to evenly distribute the agencies. However, the location of an agency has an impact on its capacity to perform its duties effectively and efficiently. This report analyses whether the agency locations fulfil the necessary criteria.

The European Union has decentralised a number of functions, locating agencies across the European Union. The are many factors influencing the choice of the seat(s) of an agency, including the political aim to evenly distribute the agencies. However, the location of an agency has an impact on its capacity to perform its duties effectively and efficiently. This report analyses whether the agency locations fulfil the necessary criteria.

Údar seachtarach

Jorge NUNEZ FERRER, CEPS Daina BELICKA, CSE COE Alfredo DE FEO, EUI Dace KRUPENKO, CSE COE

Cost of Non-EU Agencies Focusing on the Health and Safety Cluster of the EU Decentralised Agencies

31-10-2021

The Analytical Study suggests that the seven EU agencies in the health and safety field demonstrate strong European added value and that this is widely recognised by Member States and other stakeholders including business. The agencies have played an important role in the COVID-19 pandemic. More generally. the study concludes that the cost of ‘non-agencies’, i.e. a situation where the agencies ceased to exist, would be higher to the European Commission, national authorities and business than the ...

The Analytical Study suggests that the seven EU agencies in the health and safety field demonstrate strong European added value and that this is widely recognised by Member States and other stakeholders including business. The agencies have played an important role in the COVID-19 pandemic. More generally. the study concludes that the cost of ‘non-agencies’, i.e. a situation where the agencies ceased to exist, would be higher to the European Commission, national authorities and business than the current cost of the seven agencies to the EU budget.

Údar seachtarach

Jack Malan, Giorgio Cacciaguerra, Sandra Ruiz, Cara Burillo Feduchi and Ivan Bosch-Chen, Centre for Strategy & Evaluation Services (CSES)

The Management Boards of the Decentralised Agencies

31-10-2021

The Management Boards of the EU decentralised agencies have a key role in ensuring the agencies’ good governance. This study examines the established practices of the Management Boards. In particular, it assesses how effective and efficient the Boards’ working methods are and the main factors affecting their performance. The study investigates key governance issues including the size and composition of the Boards, the representation of different interests, the decision-making rules, the effectiveness ...

The Management Boards of the EU decentralised agencies have a key role in ensuring the agencies’ good governance. This study examines the established practices of the Management Boards. In particular, it assesses how effective and efficient the Boards’ working methods are and the main factors affecting their performance. The study investigates key governance issues including the size and composition of the Boards, the representation of different interests, the decision-making rules, the effectiveness of the Boards in fulfilling their tasks. Last but not least, the study provides recommendations on how to improve the functioning of the Management Boards.

Údar seachtarach

Jack Malan, Marta Dimauro Centre for Strategy & Evaluation Services (CSES)

Next Generation EU Borrowing: a first assessment

29-10-2021

The Next Generation EU programme is radically changing the way the EU finances itself and interacts with financial markets, due to its ambitious and groundbreaking new public debt programme. The European Commission has thus adopted a totally new, diversified borrowing strategy, similar to that of other major issuers, to raise money safely, reliably and in a cost-effective manner. EU debt therefore has to be attractive to financial markets and maintain a strong credit rating.

The Next Generation EU programme is radically changing the way the EU finances itself and interacts with financial markets, due to its ambitious and groundbreaking new public debt programme. The European Commission has thus adopted a totally new, diversified borrowing strategy, similar to that of other major issuers, to raise money safely, reliably and in a cost-effective manner. EU debt therefore has to be attractive to financial markets and maintain a strong credit rating.

Údar seachtarach

Rebecca Christie, Grégory Claeys, Pauline Weil (Bruegel

Gender equality in the Recovery and Resilience Facility

26-10-2021

The extent of the negative impact of the Covid-19 crisis on the social and economic situation of women has triggered a debate on the urgent need to take a gender-sensitive approach to the policy response to the pandemic. In this context, the establishment of the EU's biggest financial instrument supporting recovery in the Member States – the Recovery and Resilience Facility (RRF) – is an opportunity to channel the extraordinary resources to the measures that take into account the principles of gender ...

The extent of the negative impact of the Covid-19 crisis on the social and economic situation of women has triggered a debate on the urgent need to take a gender-sensitive approach to the policy response to the pandemic. In this context, the establishment of the EU's biggest financial instrument supporting recovery in the Member States – the Recovery and Resilience Facility (RRF) – is an opportunity to channel the extraordinary resources to the measures that take into account the principles of gender equality. It is also a chance to put in practice the EU's long-standing commitments regarding the need to mainstream gender across different policies and apply gender budgeting principles to EU spending. Offering an overview of how gender equality has been built into the RRF Regulation, this briefing explains what was expected from the Member States when they were preparing their national recovery and resilience plans (NRRPs) as regards gender equality. It also provides practical examples of reforms and investments where gender equality has been taken into account, from the approved NRRPs of Belgium, Denmark, Germany, Greece, Spain, France, Italy, Latvia, Luxembourg, Austria, Portugal and Slovakia. In keeping with the RRF Regulation, all the NRRPs analysed declare gender equality to be a horizontal objective, to be given consideration in all measures. However, not all Member States have included dedicated reforms or investments addressing gender-related challenges explicitly, or indicating women as the main beneficiaries.

Imeachtaí atá ar na bacáin

29-11-2021
The Mutual Defence Clause (Article 42(7) TEU) in the face of new threats
Éisteacht -
SEDE
29-11-2021
Competitiveness of EU agriculture
Éisteacht -
AGRI
30-11-2021
Eliminating Violence against Women - Inter-parliamentary committee meeting
Imeacht eile -
FEMM

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