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Social enterprises combine societal goals with entrepreneurial spirit. These organisations focus on achieving wider social, environmental or community objectives. There is currently no specific European legal framework to help social enterprises to benefit from the internal market. Against this background, this European added value assessment identifies the challenges in the existing national legal frameworks regarding social enterprises. It argues that action at EU level would generate economic ...

According to the 2016 Interim Economic Outlook of the Organisation for Economic Co operation and Development (OECD), global GDP growth this year is projected to be the slowest in five years. The OECD has lowered its real GDP growth forecast for the euro area for 2016 from 1.8% to 1.4%, and for 2017 from 1.9% to 1.7%. While low inflation and prices are discouraging commodity exporters, low investment and demand have led to stagnation, stifling wage and employment developments. The OECD recommends ...

What is the role of the European Central Bank (ECB) in the context of the so-called “Troika”? The ECB’s role within the Troika (the enhanced cooperation between the International Monetary Fund (IMF), the European Commission, and the ECB in euro-area programme countries) mainly consists of acting in liaison with the Commission and the IMF to assess economic policy conditions attached to the financial assistance in programme countries and of reviewing these conditions on a regular (usually quarterly ...

The European Semester is a key monitoring element of the EU's economic governance framework which aims to detect, prevent, and correct problematic economic trends such as excessive government deficits or public debt levels. As part of the annual evaluation cycle, the European Parliament's Economic and Monetary Affairs (ECON) Committee notes insufficient implementation of country-specific recommendations in some Member States, and expresses concerns that economic recovery may be threatened by the ...

This document presents employment and social developments in Greece up to 2015, by tracing the record of reforms and examining indicators since the years before the beginning of the crisis. In December 2014, the Greek crisis had decreased national income by 25%, compared to 2007. The postponement of necessary reforms was prominent among the causes of the crisis, and during the crisis the gaps in the social protection system delayed adjustments and worsened the impact of austerity measures. The reform ...

On 30 June 2015, Greece defaulted on an IMF loan. Due to lack of agreement between the Greek Government and the Eurogroup, the financial assistance programme from the European Financial Stability Facility expired on the same day. After tense negotiations during extraordinary summit meetings and the looming danger of Greece leaving the euro area, a preliminary agreement was finally reached on 13 July 2015. The heads of state or government of the euro area held an extraordinary Euro Summit meeting ...

This document, provided by Policy Department A at the request of the Employment and Social Affairs Committee, analyses the development of youth unemployment and of NEET youth (Neither in Employment, Education, Training) in Greece in a comparative perspective (Cyprus, Ireland, Portugal, Spain). It describes its specific features and gives an overview of national and European policy initiatives.

In accordance with Regulation 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (Article 2ab) and in accordance with Regulation 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure (Article 2a), the Council is, as a rule, expected to follow the recommendations and proposals of the Commission or explain its position publicly ["comply or explain"]. This document presents recent developments ...

Upon request by the LIBE Committee, this study presents a synthesis of studies conducted in seven Member States regarding the impact of financial and economic crises, and austerity measures imposed in response thereto, on fundamental rights of individuals. The Member States studied are: Belgium, Cyprus, Greece, Ireland, Italy, Spain and Portugal. The impact of measures is examined in relation to the rights to: education, healthcare, work, pension, access to justice, as well as freedom of expression ...

Upon request by the LIBE Committee, this study looks into the impact of the economic crisis and the austerity measures which were introduced as a response thereto, to the enjoyment of a set of selected fundamental rights by individuals in Cyprus. It also contains recommendations on how to make sure that the enjoyment of these rights is ensured in the future.