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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 ...

The EU's general budget for 2025 is scheduled for adoption during the European Ϸվ's November III plenary session. Ϸվ is due to vote on the provisional agreement reached with the Council on 16 November 2024 during budgetary conciliation; the Council has to approve the provisional agreement formally before Ϸվ puts it to the vote. The agreed 2025 budget sets commitment appropriations at €199.4 billion and payments at €155.2 billion, including special instruments.

The first 10 years of the Capital Markets Union (CMU) have been marked by minimalistic progress. The unfinished nature of the CMU has direct relevance for the ECB by affecting financing conditions in Member States and eroding the risk-sharing ability of the EMU, imposing a higher burden on the ECB to act as “the only game in town”. It has even bigger implications for the long-term investment opportunities and economic performance of the EU. This calls for a renewed approach and narrative on the CMU ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 16th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation, scheduled for 16 September 2024. The previous RRD took place on 22 April 2024.

This paper provides a review/summary of 10 papers prepared by external experts, which examine and recommend initiatives for financing the EU's growth model amidst global challenges. These papers were requested by the Committee on Economic and Monetary Affairs (ECON) of the European Ϸվ. They may feed into the policy debate on how to frame a forthcoming new European competitiveness deal as agreed by the European Council.

For the first time ever, the European Ϸվ and the Council have agreed to revise the ceilings of the EU's multiannual financial framework. The agreement affects the remaining years of the current financial period: 2024 to 2027. Ϸվ had demanded a revision to enable the EU to rise to its challenges effectively. At the special European Council meeting on 1 February 2024, the EU Heads of State or Government reached a highly anticipated decision on the revision following the ...

The main objective of the special European Council meeting on 1 February 2024 is to finalise EU leaders' position on the revision of the multiannual financial framework (MFF). While the aim is to reach an agreement among all 27 Member States, alternatives could be used based on an agreement of 26 Member States. EU leaders may also use the meeting to raise other topics – notably, the war in Ukraine and the possible use of frozen Russian assets, next steps in the enlargement process, security and defence ...

The 2024 EU budget will be the fourth under the multiannual financial framework (MFF) for 2021 to 2027. Ϸվ contributes to the preparation of proposals for the forthcoming year's European Union budget through the adoption of its 'guidelines'. The draft guidelines, as adopted by the Committee on Budgets on 28 March 2023, outline Ϸվ's goals for the Union's 2024 budget. Ϸվ is expected to adopt its guidelines during the April plenary session, ahead of the Commission's ...

The Recovery and Resilience Facility (RRF) is the main element of the EU's innovative financing instrument, Next Generation EU (NGEU), established with the aim to drive the EU's post-pandemic economic recovery towards a resilient future. The RRF is a performance-based instrument from which Member States can receive funds once they have met prior commitments (milestones and targets). The funds help the Member States make the reforms and investments they have envisaged under their dedicated national ...

This briefing analyses C and P transfers in the EP’s budget during 2021. It differentiates between transfers linked directly and indirectly to the EP’s response to the COVID-19 crisis on the one hand and those that dealt with other, unrelated, needs on the other, including the EP’s building policy. A comparison between the main tendencies observed in 2020 and 2021 sheds light on the impact the COVID-19 crisis had on the EP’s budget in both years.