This tag is associated with 17 posts

Outlook for the meetings of EU leaders on 25-26 March 2021

One year after the outbreak of the coronavirus pandemic, the fight against the virus will again top the agenda of the European Council meeting on 25-26 March 2021. Continue reading

Economic and Budgetary Outlook for the European Union 2020

Growth in the European Union and euro-area economies – albeit still positive – slowed significantly in 2019. Moreover, prospects for the next two years remain muted, against the backdrop of a generalised slowdown. 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

How the EU budget is spent: Fight against fraud: Pericles 2020, Hercule III and AFIS

Member States share an obligation with the EU to protect the Union’s financial interests and to counter fraud, corruption and any other illegal activities affecting them under Article 325 of the Treaty on the Functioning of the European Union (TFEU), on which the EU anti-fraud programme is based. Continue reading

Cross-border euro transfers and currency conversions: A step forward in favour of the single market [EU Legislation in Progress]

Cross-border payments are crucial for the integration of the EU economy, and play an important role in ensuring that citizens and enterprises from all EU Member States enjoy the same rights offered by the single market. Continue reading

Future of the euro area [Ten issues to watch in 2018]

The euro area twice came under immense pressure in recent years: in 2007, when the US financial crisis spilled over to Europe, and then, when the European sovereign debt crisis broke out, peaking in 2010-2012. The latter clearly revealed weaknesses in the original architecture of economic and monetary union (EMU). Continue reading

Euro-area reform [What Think Tanks are thinking]

The heads of state and government of the countries sharing the euro currency will hold a summit on 15 December 2017 to discuss ways to improve the functioning of the euro area. Continue reading

Euro area recovery and reform [What Think Tanks are thinking]

Written by Marcin Grajewski, The euro area’s economic recovery has gained pace as investor confidence has strengthened. The election of the reform-minded Emmanuel Macron as French President in May reignited the debate on overhauling the euro area’s economic governance. This note offers links to recent commentaries and studies on the economic situation of the euro … Continue reading

A fiscal capacity for the euro area? Options for reforms to counter asymmetric shocks

The idea to create a ‘fiscal capacity’ for the euro area was launched in the wake of the sovereign debt crisis, with the recognition that weaknesses in the Economic and Monetary Union (EMU) had worsened the crisis. Although the debate has lost some momentum as euro-area countries have stepped back from the acute phase of the crisis, the EU institutions continue to work on designing a framework to bolster EMU, looking in particular at automatic stabilisers. The European Parliament’s Committees on Budgets and Economic and Monetary Affairs are currently preparing a report on a budgetary capacity for the euro area. Continue reading

Helicopter Money [Policy Podcast]

Written by Cemal Karakas, The economic crisis has led to stagnation in the EU, and in some euro-area countries in particular. Several experts have advocated ‘helicopter money’ as a way of jump-starting the economy by combatting deflationary tendencies and boosting investment. Helicopter money, or ‘helicopter drops’ of money, generally refers to a non-standard monetary policy … Continue reading

European Parliamentary Week on the European Semester

Written by Richard Freedman in cooperation with Andrej Stuchlik The States-General of The Netherlands and the European Parliament are inviting national Parliaments to the Interparliamentary Conference on Stability, Economic Coordination and Governance in the European Union (the Conference following Article 13 of the Treaty on Stability, Coordination and Governance in the EMU (TSCG)). The European … Continue reading

EPRS-EUI roundtable discusses euro governance reforms

Written by Angelos Delivorias and Marcin Grajewski As the euro area prepares to launch the second phase of the overhaul of its economic governance system, the European Parliamentary Research Service and the European University Institute organised a joint policy roundtable to discuss the progress so far and challenges ahead. The aim was to present to … Continue reading

Economic growth in the euro area [What Think Tanks are thinking]

Written by Marcin Cesluk-Grajewski The European Commission upgraded its growth forecast for the euro area on 5 February, saying that cheaper oil, a weaker euro and more expansionary policy of the European Central Bank should stimulate economic expansion. Presenting its winter forecast , the Commission said it expected the euro area’s gross domestic product (GDP) … Continue reading

The Swiss decision to discontinue the exchange rate ceiling

Written by Angelos Delivorias On 15 January, the Swiss National Bank discontinued its currency ceiling, set at 1.20 Swiss francs to the euro, less than four years after its introduction. The Swiss franc (CHF) appreciated immediately, reaching as much as 0.97 CHF to the euro that day. This currency move has had, and will continue … Continue reading

Lithuania on the way towards euro adoption

6 language versions available in PDF format Litauen auf dem Weg zur Euro-Einführung Lituania en el camino hacia la adopción del euro La Lituanie se prépare à adopter l’euro La Lituania verso l’adozione dell’euro Litwa na drodze do przyjęcia euro Lithuania on the way towards euro adoption After Latvia joined the euro area at the … Continue reading

Criminal penalties for counterfeiting the euro

Since 2002, when euro notes and coins were introduced, numerous investigations have revealed the existence of illegal print shops and mints producing fakes, despite EU instruments to combat this. The Lisbon Treaty created new possibilities to fight counterfeiting of the euro through EU legislation. On this basis, the Commission proposed, in February 2013, a Directive … Continue reading

European Central Bank: (Un)Conventional policy measures

On 6 September 2012, the European Central Bank (ECB) announced its Outright Monetary Transactions (OMT) programme. The ECB has taken a series of standard and non-standard measures throughout the financial turmoil, the global financial crisis and the Eurozone debt crisis. This is now the second action under which the central bank has entered the sovereign-debt … Continue reading

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