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Policy Departments’ Monthly Highlights - March 2021

08-03-2021

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Recovery and Resilience Facility

08-03-2021

In response to the coronavirus pandemic, on 28 May 2020 the Commission adopted a proposal for a regulation of the European Parliament and of the Council establishing a Recovery and Resilience Facility (the Facility). The Facility will provide €672.5 billion in loans and grants over the coming years to help mitigate the consequences of the pandemic across the EU and to make EU economies more sustainable. The Facility will disburse funds based on the achievement of a set of milestones and targets. ...

In response to the coronavirus pandemic, on 28 May 2020 the Commission adopted a proposal for a regulation of the European Parliament and of the Council establishing a Recovery and Resilience Facility (the Facility). The Facility will provide €672.5 billion in loans and grants over the coming years to help mitigate the consequences of the pandemic across the EU and to make EU economies more sustainable. The Facility will disburse funds based on the achievement of a set of milestones and targets. The Parliament's Committees on Budgets and on Economic and Monetary Affairs have been working jointly on the file, and adopted their report in November 2020. In December 2020, the Parliament and the Council reached an agreement on the Facility in trilogue. The Parliament approved the agreed text at first reading on 9 February 2021. The act was then formally adopted by the Council, and published in Official Journal on 18 February 2021, entering into force the following day.

Coronavirus: Vaccination debates [What Think Tanks are thinking]

05-03-2021

As the second wave of the coronavirus passes, numbers of new infections and the death rate are currently both in decline globally. At the same time, countries across the world have begun vaccination programmes. In parallel, fears that the impact of the disease will continue, as some new, highly contagious mutations of the virus have spread, have lead governments to adopt additional preventive border restrictions and lockdowns. Among many debates on the subject, two stand out – the slower vaccination ...

As the second wave of the coronavirus passes, numbers of new infections and the death rate are currently both in decline globally. At the same time, countries across the world have begun vaccination programmes. In parallel, fears that the impact of the disease will continue, as some new, highly contagious mutations of the virus have spread, have lead governments to adopt additional preventive border restrictions and lockdowns. Among many debates on the subject, two stand out – the slower vaccination rate in the EU compared to the UK and US, and the imbalance between rich and poor countries in the availability of vaccines, with a third debate, on vaccination passports, emerging rapidly. This note offers links to recent commentaries, studies and reports from international think tanks on the pandemic and related issues. A previous item from this series on the coronavirus was published in February 2021.

Economic Dialogue with the other EU Institutions under the European Semester Cycles during the 9th legislative term State of play - March 2021

04-03-2021

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 Cycles. It also includes an overview of the respective legal bases for these dialogues. For an overview Economic Dialogues between January 2014 and January 2019, please see separate document. For an overview of Economic Dialogues with EU Member States, please see separate ...

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 Cycles. It also includes an overview of the respective legal bases for these dialogues. For an overview Economic Dialogues between January 2014 and January 2019, please see separate document. For an overview of Economic Dialogues with EU Member States, please see separate document.

When and how to unwind COVID-support measures to the banking system?

04-03-2021

This paper examines regulatory measures and supervisory practices that have supported public guarantee schemes and moratoria in euro-area countries. The focus is on flexibility shown with regard to default classifications, accounting practices and the treatment of non-performing loans. The paper identifies a number of undesirable effects and examines how soon such policies can be normalised. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.

This paper examines regulatory measures and supervisory practices that have supported public guarantee schemes and moratoria in euro-area countries. The focus is on flexibility shown with regard to default classifications, accounting practices and the treatment of non-performing loans. The paper identifies a number of undesirable effects and examines how soon such policies can be normalised. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.

Externý autor

A. Lehmann, Bruegel

Recalibrated Monetary Policy Instruments to Address the Economic Fallout from COVID-19

04-03-2021

In response to the COVID-19 pandemic and the severe recession it has produced, the ECB Governing Council has adopted, since March 2020, an extraordinary set of monetary policy measures aimed at preserving favourable financing conditions and safeguarding price stability in the face of high uncertainty. The monetary policy instruments were recalibrated in the course of 2020, lastly in December 2020. Four papers were prepared by the ECON Committee’s Monetary Expert Panel, discussing the effectiveness ...

In response to the COVID-19 pandemic and the severe recession it has produced, the ECB Governing Council has adopted, since March 2020, an extraordinary set of monetary policy measures aimed at preserving favourable financing conditions and safeguarding price stability in the face of high uncertainty. The monetary policy instruments were recalibrated in the course of 2020, lastly in December 2020. Four papers were prepared by the ECON Committee’s Monetary Expert Panel, discussing the effectiveness and side effects of the monetary policy instruments employed as well as interactions between them. This publication is prepared by Policy Department A for the Committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with ECB President Lagarde on 18 March 2021.

Externý autor

Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI, Marek DABROWSKI, Christophe BLOT, Caroline BOZOU, Jérôme CREEL, Pierpaolo BENIGNO, Paolo CANOFARI, Giovanni DI BARTOLOMEO, Marcello MESSORI

EU4Health programme 2021-2027

03-03-2021

On 28 May 2020, the European Commission adopted a proposal for a regulation on the establishment of a programme for the Union's action in the field of health for the 2021-2027 period (EU4Health programme). Interinstitutional negotiations between the European Parliament and the Council were concluded on 14 December 2020 with a provisional agreement on the programme, including a budget of €5.1 billion. Parliament's Committee on the Environment, Public Health and Food Safety endorsed the final compromise ...

On 28 May 2020, the European Commission adopted a proposal for a regulation on the establishment of a programme for the Union's action in the field of health for the 2021-2027 period (EU4Health programme). Interinstitutional negotiations between the European Parliament and the Council were concluded on 14 December 2020 with a provisional agreement on the programme, including a budget of €5.1 billion. Parliament's Committee on the Environment, Public Health and Food Safety endorsed the final compromise on 15 January 2021. Parliament's first-reading vote is expected during the March I plenary session.

The coronavirus crisis: An emerging gender divide?

02-03-2021

The European Union remains severely hit by the coronavirus crisis, whose impact extends far beyond public health. The economic, social and psychological consequences of the pandemic are at the forefront of Member States’ and EU institutions’ concerns. Employment and working conditions have undergone major upheavals, raising the issue of a possible reversal of progress on gender equality. This infographic aims to shed light on the socioeconomic and psychological impacts of the pandemic on women, through ...

The European Union remains severely hit by the coronavirus crisis, whose impact extends far beyond public health. The economic, social and psychological consequences of the pandemic are at the forefront of Member States’ and EU institutions’ concerns. Employment and working conditions have undergone major upheavals, raising the issue of a possible reversal of progress on gender equality. This infographic aims to shed light on the socioeconomic and psychological impacts of the pandemic on women, through the lens of the transformation of the labour market, work-life balance and well-being. It is based on Eurostat data and a study conducted by Eurofound on living and working in the times of Covid-19.

Economic Dialogue with the European Commission on EU Fiscal Surveillance

01-03-2021

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

Vice-President Dombrovskis and Commissioner Gentiloni have been invited to an Economic Dialogue on the fiscal part of the European Semester autumn package adopted by the Commission in November 2020. The fiscal elements of the package include the Commission Opinions on euro area 2021 Draft Budgetary Plans, the fiscal policy recommendation for the euro area and some elements of the 2021 Alert Mechanism Report. In March 2020, the general escape clause of the Stability and Growth Pact was activated and the Commission and the Council are expected to reassess its duration soon. The Commission has announced that it will publish on 3 March guidance for the related discussions (“One year since the outbreak of COVID-19: fiscal policy response”).

Migrant seasonal workers in the European agricultural sector

26-02-2021

The EU fruit and vegetable sector is heavily dependent on a non-national labour force, either from other EU Member States or third countries. Germany, Italy, Spain, France and Poland, in particular, employ high numbers of migrant seasonal farm workers. While these numbers have been steadily increasing, they compensate only partly for the ongoing decline in national agricultural workforces. Migrant seasonal workers from the EU are entitled to fully equal treatment with nationals of the host country ...

The EU fruit and vegetable sector is heavily dependent on a non-national labour force, either from other EU Member States or third countries. Germany, Italy, Spain, France and Poland, in particular, employ high numbers of migrant seasonal farm workers. While these numbers have been steadily increasing, they compensate only partly for the ongoing decline in national agricultural workforces. Migrant seasonal workers from the EU are entitled to fully equal treatment with nationals of the host country under the fundamental right to the free movement of workers within the EU, whereas third-country nationals are covered by the Seasonal Workers Directive of 2014, which grants them equal treatment as regards terms of employment and some social benefits. EU Member States manage their own seasonal worker schemes depending on the needs of the domestic labour market, their ties with third countries and their broader immigration system. The reality of seasonal agricultural work is a harsh one, with generally poor working and living conditions. Undocumented migrants, but also legal ones, can fall victim to illegal gang-master practices or even modern forms of slavery. Exploitation of women occurs in certain regions. The coronavirus pandemic, which disrupted harvests in the spring of 2020 as seasonal workers faced travel restrictions, also highlighted their essential role in EU agriculture and laid bare their sometimes appalling working and living conditions. Reacting to this situation, the European Parliament adopted a resolution on the protection of seasonal workers in June 2020, calling on Member States to ensure proper implementation of the relevant EU legislation and on the European Commission to issue new specific guidelines and propose long-term solutions to fight abusive practices and protect victims. In July 2020, the Commission responded to this call by issuing new guidelines on the protection of seasonal workers in the context of the pandemic, announcing further action, including ongoing work with the European Labour Authority.

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EPRS online Book Talk with Vivien Schmidt: Legitimacy and power in the EU
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EPRS online policy roundtable: Inside the New European Bauhaus
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Public Hearing on Defence planning and procurement in the EU - a joint approach
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