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This paper provides an overview of stakeholders’ activities at national, regional and local level, in relation to national Recovery and Resilience Plans (RRPs). The overview is based on two surveys, recently conducted. Furthermore, it presents the latest opinions and assessments by EU stakeholders and other relevant institutions and bodies on the implementation of these plans. This paper is a follow-up of previous EGOV publications on the involvement and views expressed by stakeholders in the context ...

Proposed anti-coercion instrument

Briefing 16-06-2022

It is widely held that geopolitical tensions in the world are on the rise. One of the clear indicators of this phenomenon is the increasing use of economic tools for the pursuit of strategic and geopolitical aims. This can take the form of coercion used by one country against another through restrictions on trade or investment in order to interfere with their sovereign choices. In response to the EU and its Member States becoming the target of deliberate economic coercion in recent years, on 8 December ...

This initiative focuses specifically on the issue of economic coercion and the EU's possible response, aiming to preserve the EU's open strategic autonomy and policy-making space. The IA clearly defines the problem, its underlying causes, and the objectives to address it. The creation of a new legal instrument to deter and counteract economic coercion is the only type of option retained for analysis. This presumably follows on from the political commitment made in early 2021 (although this is not ...

The present study provides an analysis of the existing Institutional Protection Schemes (IPSs) in the Banking Union within the context of the ongoing review of the bank crisis management and deposit insurance framework. The paper examines how IPSs form an integral part of the European deposit insurance protection architecture, specifically in Germany and Austria, and how IPS operate alongside National Resolution Authorities and National Deposit Insurance Schemes

Before the pandemic, the Greek economy was just getting back onto a positive path, following reforms implemented under the macroeconomic adjustment programmes. Action to address the country's specific characteristics is now all the more important since the -8.2 % downturn of 2020. Greece was among the first four countries to submit its national recovery and resilience plan (NRRP) in April 2021. The plan envisages investments and reforms totalling €30.5 billion, to be implemented up to 2026, with ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. Furthermore, in includes a description of the EU sanctions adopted so far. It also highlights related policy recommendations made in the public domain to mitigate any adverse economic, financial and social effects and to support economic recovery in the EU and the Euro Area.

Over the past decade, space has gained increasing importance as an economic sector offering opportunities for established and emerging markets. Space policies and their applications have also gained in political relevance due to their capacity to tackle global challenges, such as the climate and biodiversity crises, but also due to the growing reliance of the EU economy and society on space infrastructure, services and data. Pursuant to Article 189 of the Treaty on the Functioning of the European ...

We examine the role of inflation expectations in conditioning monetary policy, addressing three of its facets. The first concerns the channels through which inflation expectations impinge upon actual inflation, and their policy implications. The second facet regards the technical and empirical issues involved in keeping track of inflation expectations for monetary policy purposes. The final facet is an assessment of inflation expectations vis-à-vis the current upsurge of inflation, wondering whether ...

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 ...

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure (MIP), taking into account the most recent assessments and decisions by the European Commission and the Council. It presents the relations between the MIP and the Recovery and Resilience Facility, and the MIP in the context of the review of the EU economic governance. It also gives an overview of relevant positions taken on the MIP by EU institutions. A separate EGOV note summarises the Macroeconomic ...