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This EPRS paper analyses how the European Commission has delivered on the policy agenda set by its President, Ursula von der Leyen, and her College of Commissioners when they took office in December 2019, and by further commitments taken over the years to address new issues, crises and challenges. It provides an end-of-term assessment of the delivery of the agenda's six key priorities, on the eve of the ninth legislature's last plenary session, two months before the 2024 European elections. The von ...

This paper presents findings from the Recovery and Resilience Facility (RRF) midterm evaluation, with a particular focus on assessments from various stakeholders regarding its setup and initial implementation. It also builds on the latest activities and assessments by previously published papers summarizing the stakeholders views at the EU, national, regional, and local levels in connection with the national Recovery and Resilience Plans. Additionally, it offers a collection of the most recent opinions ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 15th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. The previous RRD took place on 5 February 2024. This briefing comments on the Commission’s RRF midterm review in section 1, focuses on some of the Commission’s recent preliminary assessments related to payment requests submitted by Czechia, Denmark, and Malta in section 2, summarises the state of play of the implementation ...

On 10 February 2024, the Council and Parliament reached a provisional agreement on a new economic governance framework for the EU, seeking to balance national debt sustainability with sustainable and inclusive growth in all Member States. Parliament is due to vote on the final texts during the April II 2024 session.

Parliament is expected to vote on provisional agreements on amendments to the Capital Requirements Directive (CRD) and to the Capital Requirements Regulation (CRR) during the April II plenary session. The CRD and CRR provide the prudential framework in the EU banking single rulebook. The Commission tabled a package of two interconnected proposals to amend the CRR and the CRD in 2021. The objective is two-fold: (i) implement final Basel Agreement arrangements; and (ii) enhance harmonisation of banking ...

EU support for the implementation of Slovenia's modified national recovery and resilience plan (NRRP) amounts to €2 685.3 million, and includes €1 612.9 million in grants and €1 072.4 million in loans. This amount is by €203.3 million higher than that initially approved and takes into account a June 2022 update of the maximum financial contribution form the Recovery and Resilience Facility (RRF), additional loans requested by Slovenia, and non-repayable allocation for REPowerEU made available in ...

The special European Council meeting on 17-18 April will be an important step towards agreeing on the EU's political priorities for the 2024-2029 period. The three main priorities are likely to centre on 'a strong and secure Europe', 'a prosperous and competitive Europe' and 'a free and democratic Europe'. EU leaders are also expected to adopt lengthy conclusions related to competitiveness, notably addressing the single market and the capital markets union. They will also address the war in Ukraine ...

In absolute figures, Italy's national recovery and resilience plan (NRRP) is the largest national plan under the ground-breaking Next Generation EU (NGEU) instrument. In December 2023, a revision brought about various changes to the plan: it is now endowed with EU resources worth €194.4 billion in grants and loans, representing 26.1 % of the Recovery and Resilience Facility (RRF), or 10.8 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU 27 GDP in 2019). A slight ...

At the March European Council meeting, discussions focussed on the war in Ukraine, security and defence, the Middle East and enlargement. With a new sense of urgency, EU leaders reiterated their steadfast support for Ukraine, calling on the Council to rapidly adopt an eighth support package for Ukraine. Regarding security and defence, they agreed on the need to increase defence readiness and boost the defence industry, but did not agree on ways of promoting the defence sector. On the Middle East, ...

Since mid-November 2023, the Iran-backed Houthi militia, which controls large parts of Yemen, has attacked numerous Western commercial ships near the Bab el-Mandeb Strait in the Red Sea. In response, major shipping companies have temporarily suspended Suez transits and diverted their trade. This diversion coincides with decreasing freight in another maritime chokepoint, the Panama Canal, provoked by lowered water levels. Rounding South Africa via the Cape of Good Hope is the shortest alternative ...