This tag is associated with 18 posts

Credit servicers, credit purchasers and the recovery of collateral: Fostering secondary markets for non-performing loans (NPLs) and easing collateral recovery [EU Legislation in Progress]

Due to the recessions brought about by the financial crisis from the end of the past decade, more and more EU companies and citizens have faced economic difficulties in recent years and have been unable to repay their loans. Continue reading

Outlook for the European Council of 17-18 March 2016

Written by Ralf Drachenberg and Stanislas de Finance The European Council of 17-18 March 2016 will discuss further steps to address the migration crisis, focusing on the follow-up to the 7 March meeting of the EU Heads of State or Government with Turkey and on reforming the EU’s existing framework for a common asylum policy. … Continue reading

A Digital Single Market Strategy for Europe

Written by Marcin Szczepański The European Commission has proposed a new strategy to create a fully integrated Digital Single Market (DSM), in order to gradually bring down the remaining obstacles and move from 28 national markets to a single one. The strategy comprises a mix of legislative and non-legislative initiatives to be tabled by the … Continue reading

EPRS hosts debate on OECD’s flagship report on growth on 4 March 2015

Written by Marcin Cesluk-Grajewski Each year, the Organisation for Economic Co-operation and Development (OECD), a group of 34 major economies, publishes its Going for Growth report recommending reforms to bolster economic growth and create jobs. This is a flagship publication for the Paris-based organisation released early in the year at meetings of G-20 Finance Ministers … Continue reading

Can e-skills boost job growth in Europe?

Computers and the Internet are changing the world. The innovations produced by the digital economy are gaining in popularity: think of cloud computing, social networks, mobile broadband, to name a few. But can these be the solution for unemployment in Europe? As Internet in Europe rapidly penetrates all areas of life, EU-citizens are acquiring basic … Continue reading

EU budget for growth and employment – In Focus

The EU has recently set its budgetary priorities for the next seven years, adopting the 2014-20 Multiannual Framework Programme (MFF). Two briefings present the key points of the agreement and its flexibility provisions allowing some additional room for maneuver in multi-year planning to promote growth and to fight unemployment. Overall, the 2014-20 MFF allocates up … Continue reading

Social dimension of austerity measures: Cases of four EU countries in receipt of financial assistance

The economic and financial crisis has been affecting the EU since 2008. The effects of growing budgetary deficits have included the increase in governments’ borrowing costs to unsustainable levels in Greece, Portugal, Ireland and Spain, forcing them to request financial assistance. In return, they committed themselves to reducing the deficits through spending cuts and increases … Continue reading

The MFF 2014-2020: how much can the EU budget contribute to growth and employment?

Corresponding to around 1% of the EU’s gross national income (or 2% of public spending in the EU), the EU budget is considered small in size by many analysts and its impact on the economy of the EU is debated. However, the role that the EU budget can play in economic recovery should not be underestimated. … Continue reading

Self-employment and social security: effects on innovation and economic growth

Self-employment and entrepreneurship represent an important force for innovation and economic growth. Self-employed people make up more than 15% of workers in the European Union. Although the majority work solely on their own account, almost a third of the self-employed create jobs for others. Whilst social security systems differ from one Member State to another, … Continue reading

Blue growth

In September 2012, the European Commission (EC) adopted a Communication on blue growth which aims to develop the potential of the EU’s seas, oceans and coasts to create employment and promote innovation and sustainable growth. A wide variety of marine and maritime economic activities fall within the sphere of this initiative, with five specific sectors … Continue reading

Does economic growth in Sub-Saharan Africa reduce poverty?

According to the World Bank’s latest issue of “African Pulse”, its semi-annual economic development report, Sub-Saharan Africa’s economies continue to grow and are predicted strong medium-term prospects. However, the last decade’s strong economic growth has failed to reduce mass poverty in this region, due to dependence on the export of natural resources and rising inequality. Sub … Continue reading

Africa Week: Library focus on African development

Our recent focus on China was just the first in a series. This week we put Africa in the centre of attention, to share with you our latest work on African development. But even when the spotlight is on Africa, it is hard to ignore China, a key player in recent years on the black … Continue reading

Horizon 2020: research and innovation for growth

Updated on 29 October 2013 Horizon 2020 will be one of the main European Union instruments aimed at achieving an “Innovation Union“, one of the Europe 2020 growth goals. It will focus on research outputs and innovation, with the goal of accelerating the commercialisation and diffusion of innovation. Simplified framework The Commission’s Horizon 2020 package … Continue reading

EU industry: boosting growth and jobs

6 language versions available in pdf format EU-Industrie: Förderung von Wachstum und Beschäftigung Industria en la UE: fomento del crecimiento y del empleo Industrie de l’UE: stimuler la croissance et l’emploi Industria dell’UE: rilanciare la crescita e l’occupazione Przemysł w UE: pobudzanie wzrostu i tworzenie miejsc pracy EU industry: boosting growth and jobs Since 2008, … Continue reading

The Single Market: 20th anniversary

The European Single Market celebrates its 20th anniversary this year. On 1 January 1993 the then 12 Member States abolished the border controls between them, launching free movement of people, goods, services and capital. This spotlight aims to celebrate the Single Market’s anniversary, looking at the history of the European Union (EU) in terms of … Continue reading

Twenty years on: Deepening the Single Market

6 language versions available Zwanzig Jahre später: Vertiefung des Binnenmarkts Veinte años después: ampliando el mercado único Marché unique: vingt ans d’approfondissement Venti anni dopo: Approfondire il Mercato unico Dwie dekady później: pogłębianie jednolitego rynku Twenty years after its launch, the European Single Market (SM) continues to develop. However, the European Commission’s (EC) recent attempts … Continue reading

The 2012 European Semester

6 language versions available Das Europäische Semester 2012 El Semestre Europeo 2012 Le semestre européen 2012 Semestre europeo 2012 Semestr europejski 2012 Member States’ economic policies are coordinated at EU level through the annual “European Semester”. After Council approval of 2012-2013 country-specific recommendations, Member States have now to integrate them in their national budgetary procedures. … Continue reading

Austerity or growth?

Government debt has reached unsustainable levels in a number of Member States (MS). This is because economic recession since 2008 has led to increased government budget deficits through rising spending (e.g. unemployment benefits) whilst tax revenues have decreased. Also private debt has been transferred to governments through forced nationalisations of, for example, under-capitalised banks. These … Continue reading

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