Cuardaigh

This document provides regularly updated information on EU Member States which have received financial assistance from the ESM, the EFSF, the EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Since August 2018, all financial assistance programmes to EU Member States have been concluded; therefore, the document focuses on the implementation of the enhanced surveillance framework for Greece and post-programme reviews for Ireland, Portugal, Cyprus, Spain and Romania ...

This note provides a comparison of some key macroeconomic forecast indicators for the Euro Area as a whole published by the Commission, IMF, ECB and OECD.

European financial assistance mechanisms are aimed at preserving the financial stability of the EU and the euro area, as financial distress in one Member State can have a substantial impact on macro-financial stability in other Member States. Financial assistance is linked to macroeconomic conditionality (it is a loan rather than a fiscal transfer), to ensure that Member States receiving such assistance implement the necessary fiscal, economic, structural and supervisory reforms.

This document gives an overview of the Bank Recovery and Resolution Directive and State Aid rules applicable for recapitalisation of banks.

The crisis that hit the western financial markets in 2008 has led to a severe global economic recession, which impacted and is still impacting migrants and migration policies worldwide. Despite the growing vulnerability of migrants, remittances have remained stable during and after the global economic downturn. Indeed, they continue to be a significant source of income for families and play a crucial role of co-insurance or risk mitigation in times of hardship. Moreover, remittances have proven to ...

This note discusses the European Commission’s proposal to introduce wide-scale macro-economic conditionalities in cohesion policy. In essence, this would make cohesion funding dependent on respecting the European economic governance rules. The note finds that such conditionality would be advantageous for economic governance, but it is likely to have a negative impact on cohesion policy. More importantly, it is doubtful that the European Commission’s proposal would contribute to achieving the overarching ...

Since 1959, Member States have concluded over 1 500 Bilateral Investment Treaties (BITs) with recipient countries. Worldwide there are over 2 500 BITs between countries. The Lisbon Treaty has now transferred responsibility from MS to EU level.

This compilation of briefing papers was written by two members of the expert panel to the Special Committee on the Financial, Economic and Social Crisis. Its aim is to support the committee discussions on key questions arising from the crisis and thus feed into the preparations of the final report. The briefing papers take a look on the previous experiences of world monetary systems such as Bretton Woods and the current exchange rate misalignment as well as taking into account the influence of modern ...

Within the context of persisting international imbalances and a lingering crisis, there has been increased focus on the exchange rates between major economic areas, taking for example the heated debate between the US and China and unilateral action by numerous countries. It currently seems that a quantitative easing boom is back on the agenda globally. Inevitably, such policy actions will have effects on the global flows of capital and trade and have already attracted strong criticism from some emerging ...

A workshop on "The impact of the crisis on New Member States" was held in the European Parliament in Brussels on 1 March 2010. This document contains the programme, a summary of discussions, background papers and presentations of that workshop.