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Economic and Social Policies

This category contains 984 posts

Outcome of the European Council (Article 50) meeting on 17 October 2019

Leaders of the 27 EU Member States (EU-27) endorsed the agreement on the withdrawal of the United Kingdom (UK) from the European Union (EU) with a revised Protocol on Ireland/Northern Ireland, as well as a revised political declaration on the framework of the future EU-UK relationship. Continue reading

Outcome of the European Council of 17-18 October 2019

After endorsing the revised UK withdrawal agreement, and approving a revised political declaration, in the European Council (Article 50) format, EU Heads of State or Government had to tackle a range of divisive issues at their 17-18 October meeting, including the 2021-2027 Multiannual Financial Framework, enlargement, climate change and Turkey. Continue reading

A decade on from the financial crisis: Key data

The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Continue reading

A decade on from the start of the crisis: Main responses and remaining challenges

It has been a decade since the financial crisis erupted and changed the world in 2008. Few at the time guessed what would be its magnitude and long-term consequences. The interconnectedness of the economy and the financial sector facilitated the spread of the crisis from the United States to Europe. Continue reading

New plant-breeding techniques: Applicability of EU GMO rules [Policy podcast]

New plant genetic modification techniques, referred to as ‘gene editing’ or ‘genome editing’, have evolved rapidly in recent years, allowing much faster and more precise results than conventional plant-breeding techniques. They are seen as a promising innovative field for the agri-food industry, offering great technical potential. Continue reading

Digital challenges for Europe [What Think Tanks are thinking]

The rapid development of digital technologies is posing a challenge to the European Union, spurring initiatives to catch up with the US and China in the area, notably in the context of the digital Single Market. Continue reading

What if technologies replaced humans in elderly care? [Science and Technology podcast]

Europeans are ageing. In 2016, there were 3.3 people of working-age for each citizen over 65 years. By 2070, this will fall to only two. As the population lives longer, our care needs grow, but fewer people will be available to deliver them. Could assistive technologies (ATs) help us to meet the challenges of elderly care? Continue reading

International Day for the Eradication of Poverty 2019: EU contribution to the fight against child poverty

Over recent decades, there has been marked progress in reducing poverty worldwide. The research conducted by this year’s Nobel Prize in Economic Sciences laureates, Abhijit Banerjee, Esther Duflo and Michael Kremer, has considerably improved the ability to fight global poverty. Continue reading

Mainstreaming of climate action in the EU budget: Impact of a political objective

The European Union (EU) has developed many legislative measures related to climate change, and is on track to meet its 2020 targets for the reduction of greenhouse gas (GHG) emissions, the improvement of energy efficiency and the increased use of renewables. Continue reading

A globalisation that works for everyone? Penny Goldberg discusses the 2020 World Development Report

On 1st October 2019, the chief economist of the World Bank (WB), Penny Goldberg, presented an exclusive snapshot of the 2020 World Development Report in the Library Reading Room at the European Parliament, discussing the economic challenges and perspectives of global value chains (GVCs) for economic development: what can policy makers do to facilitate sustainable growth through GVCs? Continue reading

CAP Amending Regulation (CMO): Amending regulations on the CMO for agricultural products, quality schemes and measures for remote regions [EU Legislation in Progress]

On 1 July 2018, as part of the work on the EU’s 2021-2027 multiannual financial framework, the European Commission proposed a package of three regulations with the aim of reshaping and modernising the common agricultural policy (CAP). Continue reading

Plenary round-up – Brussels, October I 2019

Highlights of the October I plenary session included statements and debates on the preparation of the European Council meeting of 17 and 18 October 2019, on greening the European Investment Bank (EIB), in the presence of the Bank’s president, and on how to prevent conflicts of interest in the EU. Continue reading

Health threats from climate change: The time to act is now

On 1 October, the European Parliamentary Research Service (EPRS) hosted the European Academies’ Science Advisory Council (EASAC) for a policy roundtable on climate change and human health. Continue reading

Monitoring, reporting and verification of CO2 emissions from maritime transport [EU Legislation in Progress]

In February 2019, the Commission adopted a proposal to revise the EU system for monitoring, reporting and verification of CO2 emissions from maritime transport, in order to align it with the global data collection system introduced by the International Maritime Organization (IMO). Continue reading

International research collaboration – a key feature of the new global science landscape

The phenomenal growth in collaboration between scientists and institutions located in different countries began 30 years ago, when the bipolar world, in which most internationally active scientists belonged either to the Soviet block or to Western countries, collapsed. Continue reading

End of the Draghi era at the ECB [What Think Tanks are thinking]

The European Central Bank will shortly see a ‘change of the guard’ at a time of stagnating economic growth and fears of recession sparked partly by global trade conflicts. Current ECB President, Mario Draghi’s eight-year term in office ends on 1 November, and he is to be replaced by Christine Lagarde, former head of the International Monetary Fund and previously Minister of Finance in France. Continue reading

Climate change [What Think Tanks are thinking]

The United Nations’ Secretary-General, Antonio Guterres, will convene a special summit on climate change on 23 September, during the annual session of the UN General Assembly in New York. Continue reading

Consumers and repair of products

Repairing broken or damaged products can save consumers money by helping them postpone making replacement purchases, while also bringing benefits to the environment through lower waste production and use of resources. Continue reading

What if Libra disrupted the financial system? [Science and Technology podcast]

As of 2020, Facebook’s cryptocurrency project Libra promises to connect everybody to the global, digital world of banking. The introduction of a privately governed currency could fundamentally challenge the current EU financial framework, conflict with EU law and tax requirements, and violate consumer rights. Continue reading

Sustainable finance – EU taxonomy: A framework to facilitate sustainable investment [EU Legislation in Progress]

In March 2018, under its capital markets union project and as part of a broader initiative on sustainable development, the European Commission presented an action plan on sustainable finance, in order to facilitate investments in sustainable projects and assets across the EU. Continue reading

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