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Austria's national recovery and resilience plan (NRRP) was updated on 9 November 2023 with the introduction of a REPowerEU chapter. The plan now totals €4 187 million, of which €3 961million are financed through Recovery and Resilience Facility (RRF) grants. The difference is financed through national resources. To implement the plan, Austria is leveraging further amounts beyond EU support from the national budget. Austria has requested the maximum amount of grants available (non-repayable support ...

The provisional agenda for the 17-18 October European Council meeting has three main topics. First, EU Heads of State or Government will address Russia's war of aggression against Ukraine, and the EU's support to Ukraine and its people. Second, they will consider the situation in the Middle East, amid concerns over regional escalation following Israel's targeting of Hezbollah in Lebanon and Iran's missile strikes on Israel. Third, EU leaders will discuss competitiveness, with a first exchange on ...

Om de stabiliteit van de economische en monetaire unie te waarborgen en onhoudbare overheidsfinanciën voor zover mogelijk te voorkomen, is een solide kader nodig. Eind 2011 is een hervorming (onderdeel van het “sixpack”) tot wijziging van het stabiliteits- en groeipact (SGP) in werking getreden. Een andere hervorming op dit beleidsterrein, het intergouvernementele Verdrag inzake stabiliteit, coördinatie en bestuur in de economische en monetaire unie (VSCB), dat onder meer het begrotingspact omvat ...

De term “economische governance” verwijst naar het systeem van instellingen en procedures dat is ingesteld om de economische doelstellingen van de EU te verwezenlijken, die met name gericht zijn op de bevordering van de economische en sociale vooruitgang van de EU. Het vorige systeem van economische en begrotingscoördinatie bleek ontoereikend te zijn in het licht van de financiële, begrotings- en economische crisis die in 2008 ontstaan is. Verbeteringen op het gebied van economische governance omvatten ...

De economische en monetaire Unie (EMU) is het resultaat van de economische integratie binnen de EU. In de eurozone, die momenteel 20 EU-lidstaten omvat, is een gemeenschappelijke munteenheid ingevoerd: de euro. Alle EU-lidstaten met uitzondering van Denemarken worden geacht de euro in te voeren zodra ze aan een aantal convergentiecriteria voldoen. Het gemeenschappelijk monetair beleid wordt bepaald door het Eurosysteem dat uit de Raad van bestuur van de Europese Centrale Bank en de gouverneurs van ...

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 ...

This note looks at the 2024 recommendation on the economic policies of the euro area proposed by the Commission and agreed by the Council. The note provides a review of the euro area recommendations from an institutional perspective and includes broad comparisons to earlier recommendations, in order to illustrate how policy concerns have evolved over time. This note will be updated in light of relevant developments.

This note provides an overview of the implementation of the 2023 Recommendation on the economic policy of the euro area proposed by the Commission and agreed by the Council. It makes use of public information and proxies such as on how the Eurogroup has integrated euro area recommendations’ concerns in their “thematic discussions” and work programmes. This note will be updated in light of relevant developments.

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, examines the fiscal responses of the EU to the Covid-19 pandemic and the war in Ukraine. It claims that the law & policy tools developed to address these crises have led to the establishment, and consolidation, of an EU fiscal capacity – contributing to overcoming the original imbalance of the EU’s Economic & Monetary Union. Nevertheless, the ...

Although the US Inflation Reduction Act (IRA) pursues a range of aims, the two main ones are the lowering of inflation by removing purchasing power from the US economy, and to provide the United State's contribution to fighting climate change. Unlike similar EU measures, most of its climate support is done via tax subsidies. Although hailed in the EU for heralding a new era in US climate policy, the IRA is being criticised for its outright 'Buy American' provisions. Amongst others, it is feared that ...