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Decoupling economic growth from environmental harm

16-07-2020

Decoupling economic growth from the depletion of planetary resources is a major challenge. An effective strategy will span several domains. Trends to watch include the development of negative emissions technologies, advances in the storage of renewable energy, the circular economy, and reforestation - among many others.

Decoupling economic growth from the depletion of planetary resources is a major challenge. An effective strategy will span several domains. Trends to watch include the development of negative emissions technologies, advances in the storage of renewable energy, the circular economy, and reforestation - among many others.

External Imbalances in the Euro Area - July 2020

16-07-2020

This note provides a short overview of the latest data related to external imbalances in euro area Member States, with specific reference to some indicators included in the scoreboard of the Macroeconomic Imbalances Procedure.

This note provides a short overview of the latest data related to external imbalances in euro area Member States, with specific reference to some indicators included in the scoreboard of the Macroeconomic Imbalances Procedure.

The role (and accountability) of the President of the Eurogroup

14-07-2020

This note provides an overview of the role of the President of the Eurogroup, the procedures for his/her appointment, as well as proposals on a “full time position” as part of the wider debate on deepening the Economic and Monetary Union. The note also briefly addresses the mandate and working methods of the Eurogroup. In addition, this note refers to the debate around the transparency of Eurogroup proceedings. It is updated regularly.

This note provides an overview of the role of the President of the Eurogroup, the procedures for his/her appointment, as well as proposals on a “full time position” as part of the wider debate on deepening the Economic and Monetary Union. The note also briefly addresses the mandate and working methods of the Eurogroup. In addition, this note refers to the debate around the transparency of Eurogroup proceedings. It is updated regularly.

EU/EA measures to mitigate the economic, financial and social effects of coronavirus State-of-play 14 July 2020

14-07-2020

This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19. It will be regularly updated, following new developments.

This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19. It will be regularly updated, following new developments.

Coronavirus: Tough decisions ahead [What Think Tanks are thinking]

10-07-2020

As the coronavirus crisis shows no sign of abating globally, many governments around the world face tough choices between easing virus containment measures, in order to allow economic recovery, or keeping these measures in place, to protect their citizens’ health and their healthcare systems from being overwhelmed. They have launched vast financial programmes to support vulnerable households and the newly unemployed, backed banks to keep credit flowing in the economy, and strengthened healthcare ...

As the coronavirus crisis shows no sign of abating globally, many governments around the world face tough choices between easing virus containment measures, in order to allow economic recovery, or keeping these measures in place, to protect their citizens’ health and their healthcare systems from being overwhelmed. They have launched vast financial programmes to support vulnerable households and the newly unemployed, backed banks to keep credit flowing in the economy, and strengthened healthcare systems in anticipation of a possible second wave. This note offers links to recent commentaries and reports from international think tanks on coronavirus and related issues. Earlier publications on financing the fight against the coronavirus can be found in the previous item in this series, published by EPRS on 6 July.

The economy and coronavirus: Weekly Picks 09/07/2020

09-07-2020

This paper provides a summary of recent analyses of the economic and budgetary effects of the coronavirus, the preparations of the next European Council on the recovery instruments, the German Presidency priorities in the area of ECOFIN and of some policy recommendations made in the public domain to mitigate the negative economic effects of the pandemic.

This paper provides a summary of recent analyses of the economic and budgetary effects of the coronavirus, the preparations of the next European Council on the recovery instruments, the German Presidency priorities in the area of ECOFIN and of some policy recommendations made in the public domain to mitigate the negative economic effects of the pandemic.

Composition of Public Expenditures in the EU

06-07-2020

This briefing provides an overview of the structure of public expenditures across EU Member States, by delving into their composition according to the classification of the functions of government provided by Eurostat. The overview aims at identifying similarities and differences among EU Members States in 2018 and spotting possible trends of convergence and divergence since 2008. This note is regularly updated.

This briefing provides an overview of the structure of public expenditures across EU Member States, by delving into their composition according to the classification of the functions of government provided by Eurostat. The overview aims at identifying similarities and differences among EU Members States in 2018 and spotting possible trends of convergence and divergence since 2008. This note is regularly updated.

The role of fiscal rules in relation with the green economy - A new start after the outbreak

06-07-2020

According to this study the fiscal framework in principle provides sufficient flexibility to accommodate the call on government budgets from the European Green Deal – even in the very challenging fiscal landscape that is currently unfolding. However, it also observes that for this to hold in practice a number of conditions must be met, including a strong design of policies, a careful assessment of their budgetary impact and the integration of the relevant governance processes.

According to this study the fiscal framework in principle provides sufficient flexibility to accommodate the call on government budgets from the European Green Deal – even in the very challenging fiscal landscape that is currently unfolding. However, it also observes that for this to hold in practice a number of conditions must be met, including a strong design of policies, a careful assessment of their budgetary impact and the integration of the relevant governance processes.

Autore esterno

Paul van den Noord

European economic recovery

03-07-2020

A more united Europe has the potential to deliver greater benefits for its citizens, more effectively and efficiently, by offering a level of strategic scale and depth that no individual Member State, or even group of Member States, can achieve on their own. In particular, the combination of Europe's single market and economic and monetary union, used to their full potential and complemented by progress in other policy areas, such as the Green Deal, could prove to be key assets for a strong European ...

A more united Europe has the potential to deliver greater benefits for its citizens, more effectively and efficiently, by offering a level of strategic scale and depth that no individual Member State, or even group of Member States, can achieve on their own. In particular, the combination of Europe's single market and economic and monetary union, used to their full potential and complemented by progress in other policy areas, such as the Green Deal, could prove to be key assets for a strong European recovery from the serious economic shock recently administered by the coronavirus pandemic. An intensive debate has therefore opened up about the potential benefits of moving towards a higher degree of risk-sharing and collective 'strategic autonomy' for the Union, based on stronger and deeper common policies at EU level. The recent European Commission proposal for a 'Next Generation EU' recovery plan is likely to prove an important staging-point in this process. In practice, the size of the recovery response, the policy areas chosen for deepening, the financing options available to support them, and the degree to which they are matched by a greater willingness of the Union to 'act as one' on the international stage, are all likely to be determining factors in the outcome. This paper analyses some of the issues arising specifically in the economic field in the aftermath of the coronavirus crisis and looks at a range of policy initiatives that could help build a broadly based and sustainable European economic recovery and a more resilient European Union.

Just Transition Fund

03-07-2020

The EU aims to cut greenhouse gas emissions by 50-55 % by 2030, and achieve climate neutrality by 2050. This will require a socio-economic transformation in regions relying on fossil fuels and carbon intensive industries. As part of the European Green Deal, on 14 January 2020, the European Commission adopted a proposal for a regulation to create the Just Transition Fund, aimed at supporting EU regions most affected by the transition to a low carbon economy. In the context of recovery from the coronavirus ...

The EU aims to cut greenhouse gas emissions by 50-55 % by 2030, and achieve climate neutrality by 2050. This will require a socio-economic transformation in regions relying on fossil fuels and carbon intensive industries. As part of the European Green Deal, on 14 January 2020, the European Commission adopted a proposal for a regulation to create the Just Transition Fund, aimed at supporting EU regions most affected by the transition to a low carbon economy. In the context of recovery from the coronavirus pandemic, an amended proposal on the Just Transition Fund (JTF) was published on 28 May 2020, increasingly the previously proposed JTF budget from €7.5 to €40 billion (in 2018 prices, with €10 billion under the core EU budget and €30 billion from Next Generation EU). Funding will be available to all Member States, while focusing on regions with the biggest transition challenges. The proposed budget for the Just Transition Fund is to be complemented with resources from cohesion policy funds and national co financing. The Fund will be part of a Just Transition Mechanism, which also includes resources under InvestEU and a public-sector loan facility. Total funding mobilised under the mechanism is expected to reach at least €150 billion. In the European Parliament, the file has been entrusted to the Committee on Regional Development (REGI). The rapporteur's draft report was published on 23 March and presented on 12 May. The REGI committee is due to vote on the report on 6 July, with a view to fixing Parliament's position for trilogue negotiations.

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