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Germany was originally entitled to a maximum financial contribution of €25.6 billion in grants from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. The national recovery and resilience plan (NRRP) for Germany does not include requests for loans. Following the July 2024 amendment of the German NRRP, which added a REPowerEU chapter, the EU resources devoted to the plan reached €30.3 billion. This amount corresponds to 4 ...

The EU’s Markets in Crypto-Assets Regulation (MiCAR) establishes a broad but residual framework for crypto-assets not already covered by existing EU financial legislation, combining rules for stablecoins with a wider regime for crypto-asset service providers. By contrast, the US GENIUS Act focuses specifically on payment stablecoins, establishing rules on issuance, reserve backing and supervision within the existing US regulatory structure. This briefing compares both frameworks, examining their ...

This briefing has been prepared for the public hearing with the Chair of the Single Supervisory Mechanism (SSM), Claudia Buch, scheduled for 02 July 2026 in the ECON Committee.

EU support for the implementation of Slovenia's national recovery and resilience plan (NRRP) amounts to €2 082.4 million, and includes €1 613 million in grants and €469 million in loans. This amount is €400 million lower than that initially approved, and takes into account the June 2022 update of the maximum financial contribution from the Recovery and Resilience Facility (RRF), the non-repayable allocation for REPowerEU made available in 2023, as well as the latest April 2026 revision that decommitted ...

This European implementation assessment aims to inform the ongoing work of the European Parliament's Subcommittee on Tax Matters on an own-initiative report (2025/2261(INI)) on the implementation of the VAT reverse charge mechanism (RCM) and quick reaction mechanism (QRM) in EU Member States. The study is composed of two parts. The first part is an introduction by the European Parliamentary Research Service that provides the context, methodology and contribution of the external study to parliamentary ...

Digitalisation has powered the shift to a ‘services economy’, and has greatly expanded the cross-border delivery of services, enabling service providers to access markets around the world with little or no local physical presence. Services can now also be produced digitally and supplied automatically, which will expand further with artificial intelligence (AI). Automated digital services (ADSs) can be supplied from the cloud, so that there is no specific location for the place of supply.

The Hormuz shock of February 2026 confronts the European Central Bank (ECB) with a familiar dilemma: inaction can risk entrenching inflation, while tightening risks deepening the slowdown and penalising renewable energy and cleantech investment. We argue that the ECB should be cautious and, if tightening proves necessary, ensure its operations shield renewable energy and cleantech sectors. Our analysis also reveals a growing gap between the ECB's communication on fossil fuel risks and its policy ...

This briefing 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 an overview of recent ECB monetary policy decisions, the nature of the latest energy price shock, and its implications for inflation dynamics and the outlook. It places particular emphasis on the scenarios presented in the Eurosystem staff macroeconomic projections of June 2026, and reviews recent ECB publications alongside ...

This briefing relates to ECON’s scrutiny of the delegated act (DA) on temporary adjustments to Basel III market risk rules (the Fundamental Review of the Trading Book / FRTB), adopted by the Commission on 4 June 2026, C(2026)3647, under Article 461a(2)(a) CRR. It explains the background, legal procedure, and the amendments effected via this DA to the legal basis, i.e. the Capital Requirements Regulation 575/2013 (CRR).

This briefing note covers the main elements of the 2026 European Semester Spring Package proposed by the European Commission, notably the implementation of the Stability and Growth Pact (2025), the 2026 country-specific recommendations (CSRs), the Macroeconomic Imbalances Procedure and the Joint Employment Guidelines. Please refer to EGOV dedicated briefings for a detailed analysis of the implementation of the SGP in 2025 and assessment of the energy price shock.