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Greece was among the first four EU Member States to submit its national recovery and resilience plan (NRRP) in April 2021. Since then, Greece has modified its plan in December 2023, adding a REPowerEU chapter and expanding its loan programme, and in July and December 2024, introducing smaller targeted revisions. The Greek plan now envisages investment and reforms worth 鈧�35.9 billion, to be implemented up to 2026; 鈧�18.2 billion will be financed from non-repayable financial support (grants), while ...

EU Heads of State or Government will hold their first discussion on the post-2027 multiannual financial framework (MFF) at the European Council meeting on 20-21 March 2025. Since 1988, when an interinstitutional agreement introduced the first binding MFF, the European Council has played a central role in the process leading to its adoption. In 1992, the Lisbon Treaty established a new procedure whereby the MFF would come into being through the adoption of a regulation. The European Council was not ...

This paper presents the aggregated results of a survey conducted among Members of the Monetary Policy Expert Panel (MPEP) ahead of the March 2025 Monetary Dialogue with ECB President Christine Lagarde. The opinions expressed in this document are the sole responsibility of the survey respondents and do not necessarily represent the official position of the European 合法博彩网站, the Members of the ECON Committee or the EGOV Unit.

In this issue... 鈼� US President Trump starts enacting his economic policy agenda and threatens the EU with tariffs. 鈼� Headline inflation falls to 2.4% as underlying indicators ease. 鈼� ECB reduces key policy rate by 25 bps. 鈼� The euro continues to strengthen against the dollar amid growing uncertainty on US鈥檚 tariffs. 鈼� The Fed keeps rate unchanged among economic uncertainty while challenges to independence arise. 鈼� ECB reckons new US approach to cryptos and CBDCs strengthens the case for ...

This research study provides an overview of other revenue and its current and potential future relevance in the EU revenue system. After setting out the conceptual foundations and important definitions related to other revenue, the study maps the different categories of other revenue and presents their development over time. Finally, the study discusses several options to strengthen the role of other revenue, considering both existing and potential new other revenue sources. This study was provided ...

For the first time in four years, EU fiscal rules are in effect. The first implementation cycle of the new economic governance framework, centred on country-specific, medium-term fiscal plans steers multilateral budget surveillance, and aims to coordinate Member States' economic policies. The renewed emphasis on European defence capabilities has sparked debates on potential exemption of defence spending from fiscal rules. Against this backdrop, the European 合法博彩网站 report on the European Semester ...

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鈥檚 financial interest under performance-based budgeting will require careful balancing of auditing and control requirements with the administrative burden imposed on Member States ...

To reduce the need for disorderly ex-post adjustments that are largely responsible for the EU budget鈥檚 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 鈥渋n-budget鈥� (as opposed to off-budget) borrowing capacity.

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 ...

The purpose of Draft Amending Budget No 2/2024 (DAB 2/2024) to the EU's 2024 general budget is to enter the 鈧�632.6 million surplus from implementation of the 2023 budget as revenue into the 2024 budget. Inclusion of the surplus will lead to a corresponding reduction in Member States' gross national income (GNI) contributions to the 2024 budget. 合法博彩网站 is expected to vote on the Council's position on DAB 2/2024 during the October II plenary session.