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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. It also includes a section on the on-going review of the EU fiscal framework. This document is regularly updated.

This infographic provides an insight into the economic performance of Mexico compared to the EU, and looks at the trade dynamics between them. Mexico’s GDP per capita, unemployment rate, female labour force participation, and FDI have remained relatively stable since 2006, with slight increases, whereas remittances have increased more markedly. EU trade with Mexico has increased significantly since 2006, most notably trade in goods. This is dominated by trade in mechanical appliances and electrical ...

This infographic showcases major economic indicators for the six Western Balkan (WB) countries that are at various stages on the path towards the EU. All six exhibit a relatively consistent rise in GDP per capita, and they also show similar trends in falling unemployment rates. The female labour force participation rate hovers around 50 % (except for Bosnia and Herzegovina and North Macedonia, with lower rates), similar to the EU. EU trade in goods (imports and exports) with the Western Balkans has ...

This position paper argues that the macroprudential policy framework should include the non-bank financial sector. As this sector is much more diverse than the banking sector, applying macroprudential instruments to non-banks is not the way forward. Instead, appropriate stress-testing that takes the interconnected nature of the sector into account in combination with proper microprudential regulation is more desirable. This approach is illustrated for the case of money market funds in the EU.

Over the last 3 years, the European Union has faced major challenges to its economy and societies, including the coronavirus pandemic, Russia's war on Ukraine and the increasingly urgent need for a green economic transition. The EU's response to these exceptional circumstances have included changes to its fiscal, monetary and investment policies, notably through the adaptation of State aid to allow Member States to support their economies by means of more direct intervention. Under competition law ...

Initially, Hungary's share of the total financial envelope of the Recovery and Resilience Facility (RRF) was €16 830 million, of which €7 176 million was for grants and €9 663 million loans (the latter being available until August 2023). Hungary has requested the full estimated amount of grants available, but not any loans. Taking into account Hungary's updated data on its gross domestic product (GDP) for 2020-2021 and according to the revision applied in June 2022 to all EU Member States, the Hungarian ...

Wishing to highlight and mitigate the impact of the pandemic on young people, the European Commission President, Ursula von der Leyen, used her 2021 State of the Union address to name 2022 the European Year of Youth (EYY22). Following 12 months of varied youth-related activities, the thematic year concluded with a conference in December 2022. The European Parliament is committed to securing a lasting legacy for EYY22. In that context, Members will ask questions of the Commission on this topic during ...

On 17 March 2023, the International Criminal Court (ICC) issued an arrest warrant for Russian President Vladimir Putin and Maria Alekseyevna Lvova-Belova, Russian Presidential Commissioner for Children's Rights. The pair are accused of the 'war crime of unlawful deportation of population (children) and that of unlawful transfer of population (children) from occupied areas of Ukraine to the Russian Federation'. According to the ICC, there are reasonable grounds to believe that President Putin 'committed ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the tenth Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. Section 1 cover some recent developments relating to the implementation of RRF, such as the European Commission’s Communication of February, and the entry of force of the RePowerEU legislative framework. Section 2 focuses on the positive assessments by the Commission of the payment requests made by six EU ...

The study aims, first, to provide the European Parliament with an overview of the challenges faced by the agricultural sector regarding the evolution of climate extreme events in the European Union. Then, the study highlights existing solutions to help farmers mitigate the effects of extreme weather events and recover from climate-related disasters. Finally, it analyses existing policy instruments supporting these solutions, including those promoted by Member States under the new CAP programming ...