EU Economy and Finance

📚☀️ From the EU Finance News Hub summer reading list: Youth policy dialogue   Earlier this year, Commissioner Maria Luís Albuquerque brought together 15 young Europeans from across the EU for a Youth Policy Dialogue on money management and financial literacy. The discussion highlighted a clear message: financial education needs to be more accessible, inclusive, and practical. Participants called for stronger financial literacy in schools and workplaces, free EU-wide learning resources, and targeted efforts to address gender and socioeconomic gaps. The conversation also explored how to encourage young people to invest, while tackling challenges posed by digital finance – from the risks of "buy now, pay later" schemes to the influence of social media and "finfluencers." At the same time, participants recognised the potential of digital tools to make financial education more engaging and accessible. Commissioner Albuquerque welcomed the insights, reaffirming that young people's perspectives will help shape future EU initiatives on financial literacy and investment. In case you missed it, DG FISMA’s Finance News Hub gave a short write-up of this latest youth policy dialogue, and the discussions between the Commissioner and the group of young Europeans. 📰 Read the full article: https://lnkd.in/dJXJACfi 👍 And don't forget to subscribe: https://europa.eu/!GMKJ4q #DGFISMA

The European Commission has further clarified how EU countries could benefit from flexibility under EU fiscal surveillance for measures that strengthen energy resilience and accelerate the transition away from fossil fuels.⚡ Under the EU fiscal rules, a national escape clause allows Member States, upon their request, to deviate from the normal fiscal requirements in the event of exceptional circumstances. In the #EuropeanSemester Spring Package 2026, the Commission had opened the possibility for EU countries to request an extension of the scope of the current National Escape Clause for defence so that it can also cover energy security measures. This responds to the continued conflict in the Middle East and reflects the recognition that Member States may face significant upfront fiscal costs when accelerating investments that are essential to Europe’s long-term energy security. This flexibility is targeted ➡️ only measures that make a direct contribution to speeding up the energy transition, helping households and businesses reduce their dependence on fossil fuels, and advancing decarbonisation will be eligible. What could these initiatives look like? 🔌 Supporting investment in electricity grids 🔋 Expanding clean energy storage, including batteries 🚗 Investing in EV charging infrastructure 🏡 Supporting households to use renewable energy and promoting energy savings 🌱 Increasing clean energy capacity Member States are now invited to submit requests to extend the scope of their National Escape Clause, along with an initial list of planned energy security measures and their estimated budgetary costs. The Commission will then assess the eligibility of the proposed measures case by case. 🔗 Find out more: https://lnkd.in/egcCtpBk

ℹ️ 𝐂𝐨𝐫𝐫𝐞𝐜𝐭𝐞𝐝 #𝐂𝐁𝐀𝐌 𝐝𝐞𝐟𝐚𝐮𝐥𝐭 𝐯𝐚𝐥𝐮𝐞𝐬 Commission Implementing Regulation (EU) 2026/1740 has introduced targeted corrections to a limited number of CBAM default values. For importers, default values play an important role when actual verified emissions data is not available, or when importers choose to use default values. They determine the embedded emissions of imported CBAM goods and support the calculation of the number of CBAM certificates to surrender.    ℹ️ The corrections include: ✔️ adjustments to certain production route indicators ✔️ corrections to values affected by transcription errors or omissions ✔️ clarifications on the calculation of default values, including mark-ups ✔️ more specific classifications of selected cement products using TARIC codes   These targeted corrections will help to improve accuracy and facilitate CBAM implementation.    🔎 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞? 𝐂𝐡𝐞𝐜𝐤 𝐭𝐡𝐞 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐰𝐞𝐛𝐬𝐢𝐭𝐞⤵️ 📊 Excel file with the corrected default values ➡️ https://lnkd.in/efFXSUpY 📃 Factsheet on the use of default and actual values ➡️ https://lnkd.in/euMgbZ79

ℹ️ 𝐓𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐡𝐚𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐚 𝐬𝐞𝐫𝐢𝐞𝐬 𝐨𝐟 𝐠𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐦𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲 𝐟𝐨𝐫 𝐚𝐜𝐭𝐮𝐚𝐥 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 #𝐂𝐁𝐀𝐌 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐯𝐞 𝐩𝐞𝐫𝐢𝐨𝐝. A new series of guidance documents has been published to support stakeholders, in particular operators from non-EU installations, in implementing and navigating CBAM. 📚 The series covers: ✔️ an introduction to CBAM concepts in the definitive period, including the compliance cycle, roles and responsibilities, milestones, deadlines and exemptions ✔️ a practical roadmap for non-EU operators, from the monitoring plan to emissions monitoring and reporting ✔️ the methods for calculating embedded emissions in CBAM goods, covering production processes and production routes, direct and indirect emissions, precursors and the use of default values ✔️ how to account for the free allocation adjustment ✔️ sector-specific guidance for cement, hydrogen, fertilisers, iron and steel, aluminium and electricity, including examples In particular, key changes from the transitional to the definitive period are highlighted throughout this series. 🔎 Find out more ➡️ https://lnkd.in/eEN2s75E 📄 The guidance documents are available on the CBAM legislation and guidance page on the website ➡️ https://lnkd.in/eV2Ba5YZ

🎧☀️ From the EU Finance Podcast summer playlist: the European Investment Bank (EIB). We sit down with Nadia Calviño, President of the EIB, the EU's principal investment arm and one of the world's largest multilateral lenders. With a career spanning the European Commission, the Spanish government, and the IMF's top financial committee, Calviño brings a rare inside-out view of how EU finance actually works. In this conversation: 📈 Why European companies struggle to scale at home 💶 What the Savings and Investments Union means for ordinary savers and companies 🤝 How the EIB crowds in private capital 🔗 What the Bank's digital bond issuances tell us about the future of capital markets 🌿 The EIB's landmark role in sustainable finance and its recent shift into defence investment 📺 Watch now on YouTube & Spotify: https://lnkd.in/gfhv3hTx 🎙️ Listen on your favourite podcast platform: https://lnkd.in/gJx2eMqN 👍 And don't forget to subscribe! #DGFISMA European Commission

📚☀️ From the EU Finance News Hub summer reading list: DLT and tokenisation   DLT, blockchain and tokenisation are moving from the margins into mainstream finance, with the potential to transform payments, settlements and capital markets. As tokenised assets grow, so too will demand for trusted forms of digital money – whether stablecoins, tokenised deposits or central bank digital currencies. With its work in this area – MiCA, the DLT Pilot Regime, the digital euro – the EU is positioning itself at the forefront of this transition, aiming to foster innovation while preserving financial stability and strengthening the international role of the euro. In case you missed it, DG FISMA’s Director‑General John Berrigan wrote in the Finance News Hub about DLT and tokenisation, and how these technologies are paving the way for an ‘internet of value’. 📰 Read the full article: https://lnkd.in/dYe8J5pe 👍 And don't forget to subscribe: https://europa.eu/!GMKJ4q #DGFISMA

📢 New #CBAM TARIC codes for the cement sector A technical update with an important purpose: making decarbonisation efforts visible at the time of import. 🌱   ℹ️ From now on, cement clinker and hydraulic cements will no longer have single CN codes. Instead, they are split into separate TARIC codes to better reflect differences in embedded emissions ⤵️   🔹 2523 10 00 10 – White clinker 🔹 2523 10 00 90 – Other clinker (inc. grey clinker) 🔹 2523 90 00 10 – White hydraulic cement 🔹 2523 90 00 90 – Other hydraulic cements (inc. grey hydraulic cements)   ℹ️ The new TARIC codes mirror the approach taken for the CBAM default values and CBAM benchmarks to be applied. By improving the visibility of different goods, the update supports a more accurate reflection of embedded emissions and strengthens the effective implementation of CBAM.   📅 The new TARIC codes have been published on 31 July 2026 and apply from 1 January 2026. The amendment was introduced through Commission Implementing Regulation (EU) 2026/1740. Stay up to date with the latest CBAM legal acts by visiting our dedicated webpage: 🔗 https://lnkd.in/ewBv-Fwu

🎧☀️ From the EU Finance Podcast summer playlist: the Eurogroup. We sit down with Eurogroup President Kyriakos Pierrakakis to get the latest on the biggest issues rocking EU finance today, from the Savings and Investments Union (SIU) to banking competitiveness and the digital euro. Together, we examine the EU's most ambitious attempt yet to put more than €10 trillion of Europe's household bank deposits to work (SIU), the urgent need for cross-border banking consolidation, and how digital finance and the digital euro can effectively "compress distance" across the single market. 📺 Watch now on YouTube and Spotify: https://lnkd.in/ec_nDhxM 🎙️ Listen on your favourite podcast platform 👍 And don't forget to subscribe! #DGFISMA

🎧 The Savings and Investments Union, part two. The European American Chamber of Commerce New York continues its 4-episode series on the SIU, this time breaking down the measures taken so far and who the key players are. Listen now to the second episode with Andrea Beltramello, Head of the SIU Unit at the European Commission. #DGFISMA 👇🏽

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