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In absolute figures, Italy's Recovery and Resilience Plan is the largest national plan under the unprecedented EU response to the crisis triggered by the coronavirus pandemic. Italy has decided to use its entire national allocation under the Recovery and Resilience Facility (RRF), including its loan component (€122.6 billion). Totalling €191.5 billion, these resources represent 26.5 % of the entire RRF, equal to 10.7 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of ...

The Sustainable Development Goals were established in 2015 as part of the United Nations (UN) 2030 Agenda for Sustainable Development. The signatories adopted a policy framework with 17 goals, addressing issues such as poverty, hunger, health and wellbeing, education, gender equality, environment and climate, strong institutions, peace and justice. Sustainable development aims at balancing social, economic and environmental aspects, seeing them as interconnected. The European Union (EU) has contributed ...

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent committee(s) of the European Parliament since September 2019 under the European Semester for economic policy coordination. It also lists the Recovery and Resilience Dialogues with the European Commission as undertaken by the competent committee(s) since the entry of force of the Recovery and Resilience Facility in 2021. It also includes an overview of the ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to an Economic Dialogue on the fiscal part of the 2022 European Semester autumn package adopted by the Commission in November 2021. The fiscal elements of the package include the Commission Opinions on euro area 2022 Draft Budgetary Plans, the fiscal policy recommendation for the euro area and some elements of the 2022 Alert Mechanism Report. In March 2020, the general escape clause of the Stability and Growth Pact ...

This note looks at the 2022 recommendation on the economic policies of the euro area proposed by the Commission and agreed by the Council. It also provides an overview of the follow up of the 2021 recommendations, making use of public information and based on proxies such as on how the Eurogroup has integrated euro area recommendations’ concerns in their “thematic discussions” and work programmes. In addition, the note provides a review of the euro area recommendations from an institutional perspective ...

Paschal Donohoe is attending his third Economic Dialogue in the ECON Committee since being elected as President of the Eurogroup in July 2020. His previous Economic Dialogue took place on 21 June 2021. This briefing covers the following issues: the Eurogroup work programme (Section 1); Economic situation and developments (Section 2); Euro Area Recommendation (Section 3); European Semester Cycle (Section 4); Recovery and Resilience Facility (Section 5); and Completing EMU governance (Section 6)). ...

Executive Vice-President Dombrovskis and Commissioners Schmit and Gentiloni have been invited to an Economic Dialogue on the launch of the 2022 European Semester, in line with the relevant EU law. This briefing note covers the main elements of the 2022 European Semester Package proposed by the Commission. It gives also an overview of the implementation of the Recovery and Resilience Facility, the Stability and the Growth Pact, the Macro-economic Imbalances Procedure, the Joint Employment Guidelines ...

Bruno Le Maire, Minister of the Economy, Finance and the Recovery of France, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the French Presidency (January-June 2022). 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 briefing provides an overview of the French presidency priorities in ECON matters, including the Council ...

Spain’s National Recovery and Resilience Plan (NRRP) is one of the biggest financed by the Next Generation EU (NGEU) recovery instrument. It contains the largest amount, in terms of grants, under the unprecedented EU response to the crisis caused by the coronavirus pandemic. For the time being, Spain has decided to use its national allocation for grants under the Recovery and Resilience Facility (RRF). The proposed and approved amount (€69.5 billion) represents 9.6 % of the entire RRF, equal to 5.6 ...

Ireland's National Recovery and Resilience Plan (NRRP) is relatively small compared to the plans of most Member States. In absolute terms and per capita, Ireland has the second smallest allocation (after Luxembourg) under the Recovery and Resilience Facility (RRF)  €989 million entirely in grants. So far, it has not requested any loans (the maximum available loan amount is estimated at €18.7 billion). Most of the funds (€914.4 million) are expected to be legally committed by December 2022. A further ...