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This briefing presents, in tabular form, information available on submitted payment requests under the Recovery and Resilience Facility (RRF), and of Commission disbursements following approval of such requests. It will be regularly updated.

The briefing assesses the interaction between the Recovery and Resilience Facility (RRF) and the European Semester by outlining coordination mechanisms between the two in the broader context of economic governance in the EU. Two main elements of this interaction are emphasised: coordination of investments and implementation capacities. The briefing argues that coordination of investment programmes remains fragmented in the EU, while the notion of policy capacities and experimentation should be given ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the eighth Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility Regulation. This briefing presents some developments relating to the implementation of Recovery and Resilience Facility (RRF) since the previous RRD that took place on 21 November 2022. It covers the latest positive assessments by the Commission of payment requests (i.e. Greece, Portugal and Malta), adoption of revised Recovery ...

Progress on the Banking Union?

Briefing 27-01-2023

While the Eurogroup did not agree on concrete steps towards the completion of Banking Union, its June 2022 statement does entail some elements that the forthcoming Commission proposals could build upon, making improvements to the crisis management and deposit insurance framework that eventually bring the completion of the Banking Union closer.

A special treatment for certain types of investments, such as green investments, in the European fiscal framework may be justified on the ground that there are priority objectives such as the future health of the planet. An “investment clause”, less restrictive than the existing one, can be envisaged for projects that are co-financed, financed or guaranteed by the European Union or by European Union Institutions, such as the European Investment Bank.

This study analyses the measures addressing Pillar 4 (social and territorial cohesion) of the Recovery and Resilience Facility (RRF). It focuses on two policy domains: active labour market policies and public employment services. The study zooms in on the reforms and investments included in the RRF plans of three EU Member States (Italy, Spain and Croatia) and assesses their relevance, effectiveness and coherence.

Elisabeth Svantesson, Minister of Finance of the Sweden, is participating in the ECON Committee in her capacity of President of the ECOFIN Council during the Swedish Presidency (January-June 2023). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This document provides an overview of the Swedish Presidency priorities in ECON matters, including the Council’s work relating to ...

This document compares the draft 2023 Recommendation for the economic policy of the Euro Area proposed by the European Commission on 22 November 2022 with the 2023 Euro Area recommendation approved by the Council (ECOFIN) on 17 February 2023.

This paper analyses the digital pillar of the national RRPs to identify the key initiatives, examine the distribution of resources, assess the current state of implementation and define the main challenges in reaching the overall objectives.

The Communication by the European Commission to reform the Economic Governance Framework offers welcome headspace for public investment, while avoiding the de jure adoption of a ‘targeted Golden Rule’ as this could conflict with national accounting conventions. However, even with this reform, EU-strategic goals for public investment risk to be missed once the Recovery and Resilience Facility (RRF) runs out. Making a RRF-like instrument a permanent feature of the EU’s fiscal landscape could be a way ...