Últimos documentos

Resumo : These proceedings cover the Policy Hub on Better Law-Making in the European Union held on December 4, 2024. During the hub European academics indicated that European legislation is no longer fit for purpose and urgently needs modernisation. The experts recommended simplification of the structure and the drafting style of European legislation, citizen-centred approach to EU legislation, along with improving evidence base and digitisation. These proceedings are prepared by Policy Department for Justice, Civil Liberties and Institutional Affairs for the JURI Committee.

Resumo : The implementation timetable for cohesion policy is defined largely by its legislative framework. In order to be able to plan parliamentary work and exercise systematic scrutiny of policy implementation and of the Commission’s work, it is essential to have an overview of the timing of different steps in policy implementation in the coming years. This type of briefing was first published (and subsequently updated) in 2014 covering the 2014-2020 programming period. This version includes the policy actions of the 2021-27 period, while still indicating the last steps of the 2014-20 period. It includes a detailed (but non-exhaustive) timetable of policy actions in 2025, together with an overview of major actions for the remainder of the programming period, from 2026. Given its contribution to cohesion in the European Union, policy actions under the Recovery and Resilience Facility are now included in the calendar

Autores : HAASE Diana, BORKA ADRIENN

Resumo : ECON on 19 February 2025 - Paschal Donohoe is attending his seventh Economic Dialogue in the ECON Committee since being elected as President of the Eurogroup in July 2020 and the first one during the 10th parliamentary term. His previous Economic Dialogue took place on 29 June 2023. This briefing covers the following issues: latest economic developments (Section 1); the 2025 Euro Area Recommendation (Section 2); Transparency of the work of the Eurogroup (Section 3) and Completing the EMU, with a focus on the Eurogroup’s work on the Banking Union, the Capital Markets Uniona and the digital euro (Section 4). For an overview of the role of the President of the Eurogroup, see Briefing: The role (and accountability) of the President of the Eurogroup.

Autores : SABOL MAJA, LOI GIACOMO, SPITZER Kai Gereon, SANGERS BO, ROKOS CASTILLO ALVARO CARL-PHILLIP

Resumo : Andrzej Domański, Minister of Finance of Poland, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Polish Presidency January - June 2025). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”.

Autores : DE LEMOS PEIXOTO SAMUEL, SABOL MAJA, LOI GIACOMO, SPITZER Kai Gereon, STIEBER Harald

Resumo : This briefing paper provides an overview of the role and mandate of the Eurogroup and the role and accountability of its President, including the procedures for his/her appointment. This paper includes the following sections: 1) The role of the Permanent President of the Eurogroup; 2) The President of Eurogroup and the European Parliament; 3) The role and mandate of the Eurogroup; and 4) Eurogroup transparency. The paper will be regularly updated.

Autores : HAGELSTAM Kajus, LOI GIACOMO

Resumo : This in-depth analysis reviews the Debt Sustainability Analysis (DSA) that guides the implementation of the new Economic Governance Framework. It evaluates the adequacy of the methodology, with a focus on the changes introduced in the DSA to make it fit for the multi-annual character of the framework. While the DSA is not far from the state-of-art, the way the framework handles uncertainty is suboptimal. The study notes a few other areas where the analysis could be improved, namely potential output and structural primary balance estimation, sovereign borrowing strategies, and fiscal multipliers. The study also discusses whether the framework is sufficiently transparent, and presents venues through which the European Parliament can foster a transparent debate about the methodology underpinning the DSA exercise.

Resumo : The Commission’s implementing decision under Article 25(6) EMIR extends for three further years the current equivalence decision regarding the UK (i.e. to consider the regulatory framework applicable to central counterparties in the UK equivalent to the one applicable in the Union). The currently applicable equivalence decision is due to expire on 30 June 2025. The extension could disincentivise efforts to reduce excessive exposures to clearing services of substantial systemic importance provided by CCPs outside the Union, delaying the effective implementation of the active account requirement.

Autores : HONNEFELDER Stephanie, MURA CLAUDIO, CHAILLET GAELLE CHARLOTTE

Resumo : This paper presents the latest findings and developments related to the Recovery and Resilience Facility (RRF), with a particular focus on stakeholder assessments of its structure, implementation and the economic impact. It summarises the perspectives of stakeholders at the EU, national, regional, and local levels concerning the National Recovery and Resilience Plans (RRPs). Notably, the paper compiles recent opinions and evaluations from EU stakeholders, as well as relevant institutions and bodies, regarding the execution of these plans. The paper is published ahead of the Recovery and Resilience Dialogue and complements the RRD briefing.

Autores : LEHOFER WOLFGANG, SANGERS BO, ROKOS CASTILLO ALVARO CARL-PHILLIP

Resumo : Executive Vice-President Fitto and Commissioner Dombrovskis are invited to the 17th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation, scheduled for 10 February 2025. The previous RRD took place on 16 September 2024.

Autores : SCHWARCZ András, LEHOFER WOLFGANG, SABOL MAJA, LOI GIACOMO, SANGERS BO

Resumo : The original full study examines performance-based budgeting (PB) and mainstreaming, two relatively novel approaches to the governance of public expenditure which have become increasingly used in EU spending programmes. The two approaches have certain common features but differ in focus. To inform debate around the next multi-annual financial framework (MFF), this study assesses how the two have functioned in practice, seeking to identify shortcomings and recommend possible remedies.

Resumo : This study examines the evolution and the current status of the implementation of synergies between Horizon Europe and the Cohesion Policy funds for research and innovation activities. It provides insights into the main barriers and drivers for the uptake of these synergies, along with possible pathways forward to achieve greater innovation outcomes. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Industry, Research and Energy (ITRE).

Resumo : The original full study commissioned by the European Parliament's Committee on Budgetary Control, presents an overview of the current anti-fraud architecture of the European Union, describing the composition, roles and responsibilities of the organisations involved, as well as their governance structures and forms of cooperation. The study examines the status quo, identifies potential risks and challenges related to the design and functioning of the architecture which can suggest further actions to improve its effectiveness. It places a particular focus on the role of the European Parliament in this context.

Resumo : Professor Dr Xanthaki presented to JURI Committee a critical analysis of the "The 'one in, one out' principle - A real better lawmaking tool?". She concluded that the principle may lead to less (not better) legislation, purely on a arithmetical basis, and recommended to JURI Committee to focus on genuine better law-making tools, including a modernized, citizen-centred drafting structure and style for EU legislation, which she considered not fit for purpose in its current style. This briefing was commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the JURI Committee.

Autores : VANÝSKOVÁ ZUZANA

Resumo : This research project by the National Research Institute for Agriculture, Food and the Environment (INRAE) and The Institute for Sustainable Development and International Relations (IDDRI) for the European Parliament provides an analysis of the various parameters that are likely to have an impact on the objectives and content of the next Common Agricultural Policy (CAP) for the 2028-2034 funding period.

Resumo : Executive Vice-President Mînzatu and Commissioner Dombrovskis have been invited to an Economic Dialogue on the launch of the 2025 European Semester for economic policy coordination, in line with the relevant EU law. This briefing note covers the main elements of the 2025 European Semester Package proposed by the Commission, notably the Macroeconomic Imbalances Procedure, the Joint Employment Report, the Euro Area policy recommendations and on-going work to strengthen the global competitiveness of Europe.

Autores : MARTINEZ GARZON VICTOR MANUEL, LOI GIACOMO, STIEBER Harald

Resumo : This study was commissioned by the European Parliament's Policy Department for Citizens, Equality and Culture at the request of the Committee on Petitions (PETI). It updates the study published in 2017, offering information on the key actors responsible for implementing and enforcing EU law. It also examines recent trends in the transposition and application of EU legislation across various policy areas, based on the latest available information. The study outlines the evolution of the EU Enforcement policy highlighting the Commission ‘Smart Enforcement’ approach which focuses on addressing compliance issues proactively before resorting to infringement procedures. The study concludes with recommendations for the EU institutions.

Resumo : ATAG to the study - This study offers a comprehensive overview of silver tourism in the EU, detailing the sector’s current state and potential growth opportunities. It establishes a conceptual framework that categorises key areas within silver tourism and examines specific challenges and opportunities within each. The study concludes with targeted recommendations to address these challenges.

Resumo : The autumn 2024 (and winter 2025) fiscal surveillance has been marked by the first implementation cycle of the reformed EU economic governance framework. It has included the assessments and the adoption of the first set of national medium-term fiscal-structural plans (see Section 3 and Annex 1 and 2 of this briefing), the assessments of the 2025 Draft Budgetary Plans of euro area Member States (see Section 4), and Council recommendations to bring an end to their excessive deficit situations and two Commission reports assessing compliance with the deficit criterion (See Section 5).

Autores : DE LEMOS PEIXOTO SAMUEL, LOI GIACOMO, SANGERS BO, ROKOS CASTILLO ALVARO CARL-PHILLIP

Resumo : This research project is delivered by the National Research Institute for Agriculture, Food and the Environment (INRAE) and The Institute for Sustainable Development and International Relations (IDDRI) for the European Parliament provides an analysis of the various parameters that are likely to have an impact on the objectives and content of the next Common Agricultural Policy (CAP) for the 2028-2034 funding period. This study comes in two volumes. Volume 1 is the study and Volume 2 is the annexe of the study.

Resumo : This study examines the implications of future enlargements for the next MFF. It reviews adjustments made to the EU budget during past enlargements and estimates the budgetary costs of the accession of all current candidate and potential candidate countries (excluding Türkiye) under three alternative scenarios which distinguish between the number of enlargement countries and the timing of enlargement. It then provides policy recommendations for adapting the next MFF to enlargement. The study was prepared at the request of the Committee on Budgets.

Resumo : This study offers a comprehensive overview of silver tourism in the EU, detailing the sector’s current state and potential growth opportunities. It establishes a conceptual framework that categorises key areas within silver tourism and examines specific challenges and opportunities within each. The study concludes with targeted recommendations to address these challenges.

Resumo : This paper provides a summary of all scrutiny activities of the European Parliament related to euro area monetary policy in advance of the December 2024 Monetary Dialogue with the European Central Bank (ECB). It covers the topics chosen by the competent Committee and related expertise papers provided in advance of the Dialogue, the actual topics addressed during the Dialogue, and latest written questions made by Members to the ECB President. The document is published regularly ahead and after each Monetary Dialogue with the ECB.

Autores : SABOL MAJA, SANGERS BO

Resumo : The three reports by Draghi, Letta and Noyer remind policy makers that capital markets channelling savings into investments is key to competitiveness and economic growth. The recommendations of these reports could give new impetus to the long-standing flagship policy of CMU. In this briefing we show how securitisation, supervision, market infrastructure and savings/pensions schemes are identified as priorities in all three reports, however with different conclusions. We also discuss all other CMU recommendations in the reports. The paper has been updated in order to include the commitments made by the new Commission towards Parliament in letters and Committee hearings.

Autores : SABOL MAJA, LOI GIACOMO, SPITZER Kai Gereon

Resumo : Commitments made at the confirmation hearings of the Commissioners-designate 2024-2029

Resumo : This study explores the role and enhancement of parliamentary capacities in the European Union (EU) enlargement process, focusing on the EU’s evolving accession methodology and its emphasis on the ‘fundamentals’ approach. It examines the European Commission’s criteria for ‘functioning democratic institutions’ in accession countries and evaluates the effectiveness of support measures from EU institutions, Member States, and international organisations. Based on desk research, mapping, and over 90 expert and stakeholder interviews, the study analyses EU democracy support initiatives for parliaments in 10 enlargement countries, namely Albania, Bosnia and Herzegovina, Georgia, Moldova, Montenegro, North Macedonia, Serbia, Türkiye, Ukraine, and Kosovo. The study highlights best practices and identifies challenges that require increased attention from the European Parliament and the core actors involved in parliamentary capacity-building. While past efforts by the European Parliament, Member States, and international organisations have strengthened parliaments in these countries, ongoing democratic backsliding calls for more coherent and concerted action. The European Parliament and its Democracy Support and Election Coordination Group (DEG) play a crucial role in addressing these challenges.

Resumo : This paper discusses issues with using a DSA framework as a fiscal rule anchor. It introduces key concepts to guide the reader's understanding and highlights concerns about numerous assumptions that are inevitable in DSA calculation. The paper highlights structural issues, including asymmetry in how megatrends of aging, environmental change and a changing security and defence needs are incorporated into the framework.

Resumo : Performance-based budgeting by focusing on ‘what works’, as opposed to whether money has been properly spent, aims to improve the quality of public spending. This study examines how successful the approach has been in the EU, looking at the multi-annual financial framework and the Recovery and Resilience Facility. The study looks, in particular, at the role of the European Parliament and how it could be enhanced, drawing on lessons from use of the approach in national settings.

Resumo : This handbook provides an illustrated overview of the main marine and freshwater species relevant to the EU fisheries and aquaculture sector. For each species, the handbook shows its main biological characteristics, whether it is caught, farmed or both, and by which Member States, along with some significant EU conservation measures. In addition, it indicates the name of the species in Danish, German, Spanish, French, Italian, Dutch, Portuguese and Swedish.

Autores : BREUER Marcus Ernst Gerhard, POPESCU Irina, TWISK DANA DIVERA

Resumo : A large share of euro area member states is highly indebted. On average, their debt ratios have experienced a strong and continued upward trend that needs to be reversed. The debt sustainability analysis in the new fiscal rules provides great flexibility to member states but exhibits weaknesses with regard to transparency, robustness and credibility. Stress testing needs to be enhanced and applied to the adjustment period. This document was provided/prepared by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.

Resumo : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, considers the legal space for an EU Climate and Energy Union. It assesses the major limits at the EU and national level, as well as the question if (informal) Treaty change is possible and necessary to create the space needed. It also assesses if an individual right to clean energy exists, or can and should be legally construed. It pays special attention to the challenge of funding and the role that the emerging principle of solidarity might play.

Resumo : The present study aims to provide an overview of available data at the national and European levels and pinpoint any limitations. The study finds that in different areas available national data are not comparable and makes recommendations to increase their comparability. In other fields, there is a lack of data, and the study proposes methods to collect statistics which help policymakers to design relevant policies in favour of persons with disabilities. This document was provided by the Policy Department for Economic, Scientific, and Quality of Life Policies at the request of the Committee on Employment and Social Affairs.

Resumo : The integration of migrants and refugees into the labour market remains a critical challenge for EU countries. This study reviews recent academic research on effective policies to remove the barriers that hinder migrant integration in host countries. The study identifies nine key integration challenges, discusses existing evidence and provides policy implications. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Employment and Social Affairs (EMPL).

Resumo : This study reviews the implementation of the European Maritime, Fisheries and Aquaculture Fund (EMFAF) in the Netherlands, as regards the first acquisition of a fishing vessel, the replacement or modernisation of a main or ancillary engine and the increase of gross tonnage to improve safety, working conditions or energy efficiency (Articles 17-19 of the EMFAF Regulation). The study also assesses the future needs of the Dutch fishing fleet and makes proposals for the adjustment of EMFAF for the next budget period.

Resumo : The European Maritime, Fisheries and Aquaculture Fund (EMFAF) provides for public co-funding to support the modernisation of the fishing fleet during the current funding period (2021-2027). Funding opportunities are subject to specific conditions framed by the EMFAF Regulation as regards the first acquisition of a fishing vessel (Article 17), replacement or modernisation of a main or ancillary engine (Article 18) and increase of gross tonnage to improve safety, working conditions or energy efficiency (Article 19).

Resumo : This synopsis is the first out of a series of four studies, commissioned for a PECH Committee Workshop on “The future of the EU fishing fleet − First assessment of the EMFAF programming for 2021-27”. The study focuses on EMFAF Article 17 (First acquisition of a fishing vessel), Article 18 (Replacement or modernisation of a main or ancillary engine) and Article 19 (Increase of gross tonnage to improve safety, working conditions or energy efficiency”). The synopsis deals with the situation for all 22 coastal EU Member States, while at the same time considering results of three additional case studies on Spain, France and the Netherlands.

Resumo : This briefing paper provides an overview of the European Systemic Risk Board (ESRB), its main features, mandate and accountability arrangements towards the European Parliament. It also includes a section on the role of macroprudential policy in preserving financial stability, main findings of the review of ESRB’s regulation and review of EU macroprudential framework for the banking sector. The paper is an update of the previous version published in 2019.

Autores : SABOL MAJA, SPITZER Kai Gereon

Resumo : The European Commission adopted the 2020-2025 Gender Equality Strategy to achieve significant progress towards gender equality across the EU by 2025. This included the introduction of the gender budgeting methodology in 2021. The methodology was applied to the budgets of 2021, 2022, 2023, 2024 and 2025. The gender budgeting methodology categorises programmes using scores (2, 1, 0*, 0). However, vague criteria like ‘potential to contribute’ (score of 0*) and limited data undermine its accuracy and transparency. Only 2% of total funds are assigned to programmes with gender equality as their primary goal (score of 2), 9% of total funds are assigned to programmes which received a score of 1 and 69% of funds are assigned to programmes with a score of 0. This briefing gives an overview of the state of play of gender budgeting in the different EU programmes. It describes the methodology and gives examples of gender equality measures taken using EU funding

Autores : POUWELS Alexandra Cynthia Jana

Resumo : This briefing paper is prepared in view of a regular public hearing with the Chair of the European Systemic Risk Board (ESRB), Christine Lagarde, which will take place on 4 December 2024. We cover the ESRB’s report on bank deposits following US banking turmoil in March 2023, recent conclusions of the ESRB’s General Board meeting, the risk outlook for the financial sector and Eurosystem’s response to the European Commisison’s consultation on macroprudential policies for non-banks. Annexes include latest data on financing conditions and house price growth in EU Member States.

Autores : SABOL MAJA, SPITZER Kai Gereon

Resumo : This briefing paper was prepared ahead of the Monetary Dialogue between the Committee on Economic and Monetary Affairs (ECON) and the European Central Bank (ECB) President. It provides a summary of key monetary policy developments and decisions taken by the ECB’s Governing Council.

Autores : RAKIC Drazen, SABOL MAJA, LOI GIACOMO

Resumo : Commissioner Dombrovskis has been invited to an Economic Dialogue on the fiscal part of the 2025 European Semester autumn package adopted by the Commission in November 2024. This is the first Economic Dialogue with the Commission under the 10th parliamentary term and under the new provisions of the reformed EU economic governance framework.

Autores : DE LEMOS PEIXOTO SAMUEL, LOI GIACOMO, SANGERS BO, ROKOS CASTILLO ALVARO CARL-PHILLIP

Resumo : This study is the second contribution to a PECH Committee Workshop on “The future of the EU fishing fleet – First assessment of Member States’ EMFAF programmes for 2021-27”. The general objective of this study is to provide information to Members of PECH Committee on the state of play of the Spanish EMFAF programming and its implementation with regard to Articles 17-19 of the European Maritime Fisheries and Aquaculture Fund (EMFAF) Regulation.

Resumo : Der Globale Biodiversitätsrahmen von Kunming-Montreal wurde 2022 mit dem Ziel angenommen, die Erhaltung der biologischen Vielfalt durch die Festlegung von 23 Handlungs- und vier Statuszielen zu forcieren. Da die 16. Konferenz der Vertragsparteien (COP 16) im Oktober 2024 kurz bevorsteht, sollen im Rahmen dieser Studie der Gesamtfortschritt bei der Umsetzung der Ziele seit der COP 15 sowie die größten Herausforderungen unter die Lupe genommen werden. Hierbei sollen u. a. der Stand der Umsetzung auf nationaler Ebene, die Einrichtung eines Finanzierungsmechanismus und die Annahme eines multilateralen Abkommens über digitale Sequenzinformationen untersucht werden. Diese Studie wurde von der Fachabteilung Wirtschaft, Wissenschaft und Lebensqualität im Auftrag des Ausschusses für Umweltfragen, öffentliche Gesundheit und Lebensmittelsicherheit (ENVI) erstellt.

Resumo : This briefing has been prepared for the public hearing with the Chair of the Single Resolution Board (SRB), Dominique Laboureix on 4 December 2024.

Autores : SABOL MAJA, SPITZER Kai Gereon

Resumo : The Annual Meetings of the World Bank Group (WBG) and International Monetary Fund (IMF) convene finance ministers and central bank governors to participate in the highest-level decision-making bodies of the two institutions, as well as in various committees and groups that drive the agenda on issues related to the international monetary system and development policy. The 2024 Annual Meetings took place in Washington, D.C. from 21 to 26 October 2024. This paper summarises the main developments and outcomes, focusing on IMF-related issues.

Autores : RAKIC Drazen, SABOL MAJA, SANGERS BO

Resumo : The right to independent living and community inclusion for the EU's 101 million citizens with disabilities is enshrined in Article 19 of the United Nations Convention on the Rights of Persons with Disabilities (UNCRPD) and is further supported by the EU Disability Strategy 2021–2030. This analysis provides a comprehensive overview of the current landscape, ongoing challenges, key stakeholder recommendations, and future political perspectives regarding independent living and deinstitutionalisation. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies for the Committee on Employment and Social Affairs (EMPL).

Autores : THOMAS ALIZÉE HELEN

Resumo : At the request of the PETI Committee, the Policy Department for Citizens' Rights and Constitutional Affairs prepared this briefing to present the EU Strategy for the Rights of Persons with Disabilities 2021-2030, which is the European Commission's policy framework for implementing the UN Convention on the Rights of Persons with Disabilities (UNCRPD). The strategy includes an ambitious set of actions and flagship initiatives until 2024 in various domains, linked to the UNCRPD. Five of the seven flagship initiatives have already been implemented, and the two remaining ones are expected to be published by early 2025. Most of the other policy actions included in the Strategy are also completed by 2024. Despite significant efforts to implement the UNCRPD across the EU, persistent gaps remain between persons with and without disabilities, for example, when it comes to poverty, access to jobs, inclusive education, housing, or healthcare services.

Resumo : ATAG to the study - Based on a comprehensive review of eleven legislative texts of the ‘Fit for 55’ package with a transport policy dimension, this study highlights the expected impacts they may produce on connectivity and mobility, encompassing the concepts of efficiency and effectiveness in the ability of passengers and goods to travel within the EU.

Resumo : Based on a comprehensive review of eleven legislative texts of the ‘Fit for 55’ package with a transport policy dimension, this study highlights the expected impacts they may produce on connectivity and mobility, encompassing the concepts of efficiency and effectiveness in the ability of passengers and goods to travel within the EU.

Resumo : This paper argues that the debt sustainability methodology in the EU new economic governance framework, while analytically sound, faces major implementation challenges. Primary among these is the reliance on a non-observable variable (the volatility of future debt-to-GDP ratios) that must be estimated based on ad hoc procedures that may affect significantly the required decline in the debt ratio after the end of the adjustment period and, hence, the primary surplus that a Member State needs to achieve during the adjustment period.

Resumo : Building on Part 1, which draws lessons from the implementation of CRII, CRII+, REACT-EU and SURE, Part 2 of this study explores alternative approaches to enhance the EU budget’s capacity to respond to crises and discusses the implications of these options from the point of view of control and accountability.

Resumo : This paper studies the implications for the European Central Bank (ECB) of the new EU fiscal framework, focusing on five aspects where monetary and fiscal policies intersect: (1) fiscal dominance over monetary policy; (2) fiscal drag created by the new framework; (3) moral hazard created by very low interest rates; (4) the effectiveness of the ECB’s Transmission Protection Instrument (TPI), and (5) the impact of the new framework on green public investment. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 4 December 2024.

Resumo : The recent high inflation affects EU Member States differently. It is therefore important to quantify country-specific inflation impacts in regard to the implementation of the EU budget. This in-depth study focuses on country-specific inflation effects regarding research expenditures, Cohesion Policy, the Common Agricultural Policy, and NextGenerationEU. Moreover, policy options and recommendations at EU level to prevent adverse effects of future inflation shocks on the EU budget are identified and discussed. This document was provided at the request of the BUDG Committee.

Resumo : This workshop provides a first assessment of the programming of the EMFAF for the period 2021-27. It focuses on Article 17 on “First acquisition of a fishing vessel”, Article 18 on “Engine replacement or modernisation” and Article 19 on “Increase of gross tonnage to improve safety, working conditions or energy efficiency”. While a synopsis study provides a general overview of the implementation of the EMFAF by Member States, three case studies on Spain, France and the Netherlands discuss the national specificities of the fishing fleets and the support provided under the current EMFAF rules.

Resumo : Contingent liabilities for the EU budget have grown considerably in their magnitude and their complexity and will continue to increase under the MFF 2021-2027. This paper tracks their evolution, explains the risks they might impose on the EU budget, and analyses the risk management practices to address them. We forecast total contingent liabilities will more than double by 2027, reaching EUR 612 billion. This will be driven mainly by RRF loans and, to a lesser extent, by financial support to Ukraine.

Resumo : The original full study tracks the evolution of EU contingent liabilities. Contingent liabilities for the EU budget have grown considerably in their magnitude and complexity and will continue to increase under the MFF 2021-2027. We explain the risks they might impose on the EU budget and analyse risk management practices to address them. We forecast total contingent liabilities will more than double by 2027, reaching EUR 612 billion. This increase will be driven mainly by RRF loans and to a lesser extent by financial support to Ukraine.

Resumo : Mihály Varga, Minister of Finance and Deputy Prime Minister, of Hungary is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Hungarian Presidency (July - December 2024). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This document provides an overview of the Hungarian Presidency priorities in ECON matters, including the Council’s work relating to the implementation of the European Semester for economic coordination, including the application of the Recovery and Resilience Facility, and other policy streams relevant to the EU single market, notably progress on the Banking Union and the Capital Markets Union.

Autores : DE LEMOS PEIXOTO SAMUEL, MAGNUS Marcel, SABOL MAJA, LOI GIACOMO, SPITZER Kai Gereon

Resumo : This briefing has been prepared for the public hearing with the Chair of the Single Supervisory Mechanism (SSM), Claudia Buch, scheduled for 18 November 2024 in the ECON Committee. The previous hearing took place on 2 September 2024.

Autores : SABOL MAJA, SPITZER Kai Gereon, ROKOS CASTILLO ALVARO CARL-PHILLIP

Resumo : This paper reviews the simplification measures aimed at reducing administrative costs and burdens for Managing Authorities (MAs) and beneficiaries in implementing European Structural and Investment Funds (ESIF). The study further provides an overview of the administrative burdens and challenges that MAs and beneficiaries face when implementing the ESIF. Although various initiatives have been undertaken, administrative challenges persist due to complex regulations and overlapping programmes. Recommendations include consolidating funds, expanding Simplified Cost Options (SCOs) use, enhancing audit principles, and adopting flexible funding models. Effective simplification requires a stable legislative framework and political commitment, with long-term changes including a shift to result-based financing.

Resumo : This note provides an overview of the European Commission’s assessment of the implementation of the country-specific recommendations issued annually to EU Member States under the European Semester for economic policy coordination. It presents how their implementation has been assessed over time (during 2011-2023 European Semester cycles), both from an annual and a multiannual perspective. The note is updated on a regular basis.

Autores : HAGELSTAM Kajus, LOI GIACOMO, HANINA KATERYNA

Resumo : In this paper, the ECB monetary policy stance is assessed by comparing the recent tightening cycle (2022-today) with the two preceding ones, which took place in 2000-2001 and in 2006-2008. Interest rates, quantitative indicators and monetary conditions indices (MCIs) are used for this purpose. The main finding is that at the peak of the latest tightening cycle, the ECB monetary policy stance was no more restrictive than it was at the peak of the two preceding ones; actually, probably less. This contrasts with the fact that in the more recent case inflation was higher and more persistent than in the two earlier episodes. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 4 December 2024.

Resumo : The paper seeks to assess the current monetary policy stance of the European Central Bank (ECB). To do so, it analyses factors driving the inflation dynamics in the euro area (EA) and their potential persistence, drawing comparisons with the inflation drivers and policy response in the United States (US). Given the prominent role played by the energy-price increase in EA inflation and the differential exposure of EA Member States, the paper analyses the country-level inflation dynamics in response to the energy shock. Finally, the paper discusses the ECB’s strategy and communication, and the interpretation drawn by financial markets, before taking stock on the stance of monetary policy. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 4 December 2024.

Resumo : This paper reviews the simplification measures aimed at reducing administrative costs and burdens for Managing Authorities (MAs) and beneficiaries in implementing European Structural and Investment Funds (ESIF). The study further provides an overview of the administrative burdens and challenges that MAs and beneficiaries face when implementing the ESIF. Although various initiatives have been undertaken, administrative challenges persist due to complex regulations and overlapping programmes. Recommendations include consolidating funds, expanding Simplified Cost Options (SCOs) use, enhancing audit principles, and adopting flexible funding models. Effective simplification requires a stable legislative framework and political commitment, with long-term changes including a shift to result-based financing.

Resumo : Arguably, the Banking Union has a strong record for raising the standards in supervision and thereby making a contribution to financial stability. Despite the harmonisation achieved in supervision however, market integration has not progressed much. Can this be changed? And what lessons does that hold for the other big financial markets integration project, namely Capital Markets Union (CMU)? This briefing provides an overview of 5 papers by the ECON Committee’s academic expert panel for the Banking Union that have been published in September and October 2024.

Autores : SPITZER Kai Gereon, DE SURY D'ASPREMONT MAX JEAN GAUTHIER

Resumo : This study provides an overview of the impact of commodity traders on agricultural markets. It examines the ramifications of financialisation, explores prevailing trends, and confronts the challenges that characterise the industry's landscape. Moreover, after analysing the regulatory state of play at the international level, it provides suggestions towards bolstering the sector's accountability and transparency, essential for fostering trust and sustainability. By scrutinising these aspects, this study offers insights into the intricate dynamics of agricultural trading and its broader socioeconomic implications.

Resumo : The European Union’s policies influence third country trading partners’ domestic policy in different ways. Unilateral legislation in the green and digital fields, for example, contribute to setting global standards as traders must comply with EU requirements to access the Single market. The digital transition cooperation between Africa and the EU could lead to further regulatory convergence in the digital field. The EU's human-centric approach to digital policy, fostering consumer protection and trust inter alia through the General Data Protection Regulation, influences the African Continental Free Trade Area. Ensuring market access between Africa and the EU including in the field of e-commerce is strategically desirable for both blocks. Green legislation will impact foreign producers including smallholder and could potentially result in changes in trade flows. The liberalisation of trade through FTAs fosters economic growth and guarantees access to critical resources such as Chilean lithium for the EU’s digital transition. However, it can also exert environmental and social pressures on trading partners. Lastly, the rules based international trading system established by the WTO can be eroded by government subsidies with significant negative spillover effects on international trade. Global dialogue between trade partners is desirable to avoid a subsidy race .

Resumo : This briefing presents an overview of six papers prepared by an academic expert panel for the Banking Union, covering 10 years of case law in the Banking Union. The studies focused on the evolution of Court of Justice of the European Union (CJEU) practices in shaping resolution and supervisory practices within the Banking Union. The studies were requested by the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

Autores : SABOL MAJA, ROKOS CASTILLO ALVARO CARL-PHILLIP

Resumo : This note describes the treaty provisions and appointment procedure for ECA members at EU level. In addition, it provides information on the national nomination procedure for the ECA member in Bulgaria and the country’s candidate.

Autores : MILICEVIC Vera

Resumo : The expected shift towards a performance-oriented budget presupposes a careful choice and definition of indicators clearly linked to the funding objectives, as well as standardised reporting and fully integrated and interoperable IT solutions to collect the required amount of data. Ensuring the full protection of the Union’s financial interest under performance-based budgeting will require careful balancing of auditing and control requirements with the administrative burden imposed on Member States and beneficiaries, and for the European Parliament, a form of Parliamentary Budget Office, drawing on best practices from Member States.

Resumo : Over the past decade, the concept of European Public Goods has become central to the EU reform debate. Genuine additional public tasks for the EU will require additional competencies and revenues. Exploring revenue niches not exploited by the Member States will not suffice: In the long term, the required doubling of the EU budget will only be achieved through genuine Own Resources in the form of surtaxes or tax shares linked to income and consumption.

Resumo : The practice of mainstreaming key transformational goals will undoubtedly be carried over into the post-2027 MFF. Assessing mainstreaming means looking at longer-term results and societal impacts. To this end, defining indicators and monitoring approaches will be crucial, as reliably establishing causality is often difficult. Additional imperatives for the European Parliament will be to ensure satisfactory access to the information required and to boost its in-house capacity to analyse it.

Resumo : Current estimates suggest that the cost of integrating all potential candidates, excluding Turkey, would be manageable, ranging from €15.7 billion to €26 billion per year. This range reflects different assumptions and methodological choices. At its maximum, this cost represents 0.2% of the EU’s GDP and could be easily covered within the existing margin of the Own Resources ceiling. The entry of Ukraine in the Common Agricultural Policy (CAP) poses significant challenges. Although accession may not be imminent, the EU should begin planning for this eventuality.

Resumo : The EU's debt stock reached EUR 547 billion by the end of September 2024 and is expected to increase by an additional EUR 448 billion under current commitments. Of this total, EUR 421 billion will ultimately finance grants, with the interest and principal repayments to be made jointly by EU countries through the EU budget. The remaining amount will finance loans to countries, which will be serviced as those countries repay their loans. The interest rate risk for the 2028-2034 MFF is expected to remain low.

Resumo : Credible ECB monetary policy requires that the revised EU economic governance framework be tightly enforced from its start. Net primary expenditures as key control variable allow predictable monetary policy focused on stabilisation. However, widespread debt reduction pushing spending growth below potential GDP growth may prompt more accommodative ECB policy. Moreover, potentially cumulating changes in public spending-to-GDP ratios need close monitoring. Finally, the criteria for TPI may increase pressure to be lenient on enforcement of the fiscal rules. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 4 December 2024.

Resumo : To reduce the need for disorderly ex-post adjustments that are largely responsible for the EU budget’s currently opaque governance structure, the long-term EU budget should be endowed with a new type of in-built flexibility. Various options are presented, which would deliver in qualitative terms, but would need to be supplemented by an “in-budget” (as opposed to off-budget) borrowing capacity.

Resumo : This document provides an overview of all country-specific recommendations for 2024 as proposed by the Commission on 19 June 2024 and agreed by the Council on 16 July 2024.

Autores : LOI GIACOMO, HANINA KATERYNA

Resumo : The revised Financial Regulation was adopted on 23 September 2024. It significantly increases the scope of the data to be published in the Financial Transparency System (FTS). Prior to this it covered only EU budget funding under direct management but in future the FTS will include EU budget funding under indirect management and shared management starting with programmes adopted and financed under post-2027 multiannual financial frameworks. However, it is still possible that significant amounts of data will be missing from the FTS after 2027. This should be assessed and clearly explained by the Commission in future. The revised Financial Regulation does not address the presentation of data in the FTS, including the clarity, completeness and consistency of the data. Unless these issues are addressed, they will continue to limit the utility of FTS data regardless of the increased scope of the system. The FTS provides basic information and users will continue to have to check other publicly accessible EC portals and databases manually on a case by case basis to find other important information. Merging FTS data with data from these other systems, for deeper analysis, remains very challenging due to the lack of universal recipient and project identifiers, and varying levels of ‘downloadability’ on other systems. The larger volumes of data from 2028 onwards will require the use of more specialised data analytics expertise and tools.

Resumo : This paper provides an overview of the International Monetary Fund (IMF)’s lending to Ukraine, particularly focusing on the IMF response to the Russia’s invasion of Ukraine since February 2022, given the challenging macroeconomic circumstances. If further analyses the key elements of the IMF’ Extended Fund Facility (EFF) programme for Ukraine, including the evolution of core assumptions, risks, fiscal sustainability and conditionality.

Autores : RAKIC Drazen, HANINA KATERYNA

Resumo : This briefing presents a summary of 3 studies prepared by academic expert panel for the Banking Union on the occasion of 10 years of parliamentary scrutiny over key authorities within the Banking Union, the Single Supervisory Mechanism (SSM) and the Single Resolution Board (SRB). It also presents proposals for enhancing the accountability framework governing these authorities. These studies were requested by the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

Autores : SABOL MAJA, SANGERS BO

Resumo : This study provides details of the current situation and future trends in the EU concerning aspects related to skills demands, skills shortages, and skills mismatches. It takes into consideration the transformative role of the digital and green transitions and the labour market shifts determined by demographic changes. The analysis comprises a presentation of the various EU skills initiatives, assessing their impact, complementarity and gaps. And formulates a set of recommendations to address gaps identified in the EU skills policy. This document was provided by Fondazione Giacomo Brodolini to the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Employment and Social Affairs (EMPL).

Resumo : This briefing provides a summary of all scrutiny activities of the European Parliament related to euro area monetary policy in advance of the September2024 Monetary Dialogue with the European Central Bank (ECB). It covers the topics chosen by the competent Committee and related expertise papers provided in advance of the Dialogue, the topics addressed during the Dialogue, and latest written questions made by Members to the ECB President. The document is published regularly ahead and after each Monetary Dialogue with the ECB.

Autores : SABOL MAJA, HANINA KATERYNA