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The economy and coronavirus: Weekly Picks 09/07/2020 EN

09-07-2020 PE 651.359 ECON
Briefing
Resumen : This paper provides a summary of recent analyses of the economic and budgetary effects of the coronavirus, the preparations of the next European Council on the recovery instruments, the German Presidency priorities in the area of ECOFIN and of some policy recommendations made in the public domain to mitigate the negative economic effects of the pandemic.
Autores : Jost ANGERER, KRISTINA GRIGAITE, FRANCESCO-SAVERIO LENZI, ANDREA DI FILIPPO

The European Parliament’s right of initiative EN

09-07-2020 PE 655.134 AFCO
Estudio
Resumen : The European Parliament is the only democratically elected body in the EU. Yet, unlike most parliaments, it has no formal right of legislative initiative. Initiating legislation lies almost solely with the EU's executive bodies, the Commission, and – to a limited but increasing extend – the European Council and the Council. This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, reveals that Parliament’s „own-initiative-reports” form a widely underestimated and unrecognized tool to informally shape the EU’s policy agenda. The study provides for a comprehensive analysis of non-legislative and legislative own-initiative reports. We argue that Parliament is able to create a cooperative environment in order to bring the Commission in line with its own legislative priorities and sometimes very specific legislative requests. Building on the empirical evidence of Parliament’s practice since 1993, we finally discuss means and ways for pragmatic reform and Treaty revision.
Autores : Andreas MAURER, Michael C. WOLF

Composition of Public Expenditures in the EU EN

06-07-2020 PE 634.371 ECON
Briefing
Resumen : This briefing provides an overview of the structure of public expenditures across EU Member States, by delving into their composition according to the classification of the functions of government provided by Eurostat. The overview aims at identifying similarities and differences among EU Members States in 2018 and spotting possible trends of convergence and divergence since 2008. This note is regularly updated.
Autores : Alice ZOPPÉ, FRANCESCO-SAVERIO LENZI

The role of fiscal rules in relation with the green economy - A new start after the outbreak EN

06-07-2020 PE 651.382 ECON
Estudio
Resumen : According to this study the fiscal framework in principle provides sufficient flexibility to accommodate the call on government budgets from the European Green Deal – even in the very challenging fiscal landscape that is currently unfolding. However, it also observes that for this to hold in practice a number of conditions must be met, including a strong design of policies, a careful assessment of their budgetary impact and the integration of the relevant governance processes.
Autores : Paul van den Noord

Policy Departments' Monthly Highlights - July 2020 EN

03-07-2020 PE 630.250 ITRE BUDG AFET AGRI FEMM CONT
De un vistazo
Resumen : The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Covid-19 Newsletter 2: Exit strategy EN

03-07-2020 PE 652.710 ITRE ECON IMCO EMPL ENVI
Briefing
Resumen : As EU Member States embark on a cautious de-confinement path, the economy slides into recession and the question of the proportionality of public health-related measures and their economic consequences is increasingly present in the public debate. As long as a vaccine (or an effective treatment) for the Covid-19 disease is not found and deployed, post-Covid-19 societies will have to coexist with the virus, and find an equilibrium between the social constraints resulting from health protecting measures and the need to mitigate as much as possible a huge economic shock, which if not addressed adequately, could have unpredictable social and political consequences. The Covid-19 crisis has shown above all the importance of joint European action. Although public health is primarily the competence of the Member States, the European Parliament has called on the Commission and the Member States to act together and to rise to the challenge and ensure that the Union emerges stronger from this crisis. In particular, a differentiated but coordinated post-lockdown approach in the EU should be ensured, in order to avoid a resurgence of the virus. The present Covid-19 Newsletter focuses on the de-confinement strategies and EU measures to support the economic recovery. An update of ongoing Covid-19 related expertise work for the ECON, EMPL, ENVI, ITRE and IMCO committees is provided at the end of this document.
Autores : AOIFE KENNEDY, Zsuzsanna LAKY, Adolfo BARBERA DEL ROSAL, MATTEO CIUCCI, Christina RATCLIFF, Dirk VERBEKEN

Implementation of Country Specific Recommendations under the MIP - July 2020 EN

02-07-2020 PE 542.650 ECON
De un vistazo
Resumen : This note provides an overview of the implementation rate of Country-Specific Recommendations (CSRs) issued under the Macroeconomic Imbalance Procedure (see a separate EGOV note for details on the MIP procedure). Figures presented in this overview refer only to Member States experiencing macroeconomic imbalances and are based on the implementation assessments performed by the Commission in its annual Country Reports.
Autores : MATTEO CIUCCI, Alice ZOPPÉ

The economy and coronavirus: Weekly Picks 01/07/2020 EN

01-07-2020 PE 651.358 ECON
Briefing
Resumen : This paper provides a summary of recent analyses of the economic and financial effects of the coronavirus, an overview of the proposed new temporary European Union Recovery Instrument, and some policy recommendations made in the public domain to mitigate the negative economic effects of the pandemic.
Autores : Jost ANGERER, KRISTINA GRIGAITE, FRANCESCO-SAVERIO LENZI, ANDREA DI FILIPPO

EU/EA measures to mitigate the economic, financial and social effects of coronavirus - State-of-play 1 July 2020 EN

01-07-2020 PE 645.723 ECON
Análisis en profundidad
Resumen : This document compiles information, obtained from public sources, on the measures proposed and taken at the EU or Euro Area level to mitigate the economic and social effects of Covid19. It will be regularly updated, following new developments.
Autores : Kajus HAGELSTAM, Jost ANGERER, Marcel MAGNUS, Drazen RAKIC, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

Energy-intensive industries EN

01-07-2020 PE 652.717 ITRE
Estudio
Resumen : Energy-intensive industries need to reach climate neutrality by 2050. This study describes the technologies available for the decarbonisation of the iron and steel, chemicals, refining and cement industries as well as the existing financial instruments. Technology and policy roadmaps are presented to help shape the Green Deal and enhance the transition to a climate neutral European industry.
Autores : JSander de BRUYN, Chris JONGSMA, Bettina KAMPMAN, Benjamin GÖRLACH and Jan-Erik THIE

Challenges for environmental and indigenous peoples’ rights in the Amazon region EN

30-06-2020 PE 603.488 DROI
Análisis en profundidad
Resumen : The present analysis examines the environmental and human rights challenges in the Amazon region. It finds that the Amazonian countries pursue development policies in the region based on the exploitation on an industrial scale of natural and non-renewable resources that have caused and continue to cause deforestation, loss of biodiversity and engender human rights violations in particular affecting indigenous peoples. The analysis acknowledges the measures taken by the Amazonian countries to establish protected areas and support indigenous territories and their rights but concludes that the laws need strengthening and effective enforcement. The analysis argues that the protection of the Amazon biome is an essential part of the global efforts to reduce greenhouse gases and concurs with the view of some scientists that there is an urgency to stop forest loss. The analysis further notes that the most effective guardians of the Amazonian forest and its biodiversity are its indigenous peoples. The analysis concludes by arguing that the European Union has an interest in contributing to the protection of the Amazon and its indigenous peoples. It recommends, among other things, that the EU strengthen its direct support to Amazonian indigenous peoples and environmental defenders and develop effective measures which target EU-based companies whose activities cause deforestation.
Autores : Dr. Julian BURGER

Implementation of the Macroeconomic Imbalance Procedure: State of play June 2020 EN

30-06-2020 PE 497.739 ECON
Análisis en profundidad
Resumen : This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by EU institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.
Autores : Alice ZOPPÉ

Banking Union: Wirecard EN

29-06-2020 PE 651.357 ECON
Briefing
Resumen : The briefing provides a short overview (based on public information) to the insolvency of Wirecard AG, a group that provided electronic payment processing and that includes a less-significant banking entity (which is not part of the insolvency proceedings). The case is not directly linked to the corona crisis, but it brings to the fore relevant issues related to supervision of payment-related services and the role of auditors.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

A Comprehensive EU Strategy for Africa EN

25-06-2020 PE 603.506 AFET
Briefing
Resumen : The new EU-Africa Strategy presented by the Commission on 9 March puts a reinforced emphasis on the creation of a real partnership with a continent whose relevance for Europe is growing by the day. The three briefings focus on different aspects of this new partnership, the first one dealing with the implications for the political dialogue with a focus on (good) governance and the even bigger challenge of security and migration. The second briefing has a look at more ‘traditional’ aspects of this relationship, development and humanitarian aid, complemented with the rising challenge of climate change. The new approach is also illustrated by the emphasis put on the promotion of bilateral trade and investment relations, the topic of the third briefing. All these briefings also try to incorporate first elements on the impact of the Covid-19 pandemic on the bilateral relationship.
Autores : Morten BØÅS, Ondřej HORKÝ-HLUCHÁŇ,Ainhoa MARIN-EGOSCOZABAL

A Comprehensive EU Strategy for Africa - Political Dialogue: Governance, Security and Migration EN

25-06-2020 PE 603.507 AFET
Briefing
Resumen : Much has changed since the creation of the Joint Africa-European Union (EU) Strategy in 2007. The developing world has been changing fast. Development policy and practices are also transforming, albeit at a slower pace. The divide between emerging economies and ‘fragile states’ is increasing. This is also the case in Africa. As not only Africa, but also the EU-Africa relationship is changing and evolving into new dimensions, there is clearly a need to develop a new European strategy, constructed on the basis of an emerging continent. Africa is home to the youngest population in the world and some of the world’s most fragile states. However, it is also a continent with emerging markets and more effective governments. This brief aims to clarify how well the new Strategy must manage to mainstream a European approach to Africa that considers both the inter-continental dialogue and the diversity of development on this emerging continent within the fields of governance, security and migration. As the COVID-19 has turned into a pandemic, the brief also suggests that the new European strategy must reflect this development and the European Parliament should closely monitor the situation as it discusses the Strategy.
Autores : Morten BØÅS

A Comprehensive EU Strategy for Africa - Development, Humanitarian Aid and Climate Change EN

25-06-2020 PE 603.508 AFET
Briefing
Resumen : The new EU Strategy for Africa attempts to reflect the continent’s growing relevance within a partnership rather than through a donor-recipient framework. However, this leads to a prioritisation of the formal, productive and technology sectors as well as climate mitigation at the expense of agriculture, informal sector, human development and climate adaptation. With such skewed priorities, this Strategy is ill-adapted for the COVID-19 pandemic and its aftermath. Institutionally, political will is needed to ensure that the continent-to-continent approach is not hampered by parallel, contradictory and fragmenting forces within the African, Caribbean and Pacific Group of States (ACP) and the European Neighbourhood Policy (ENP) governance frameworks. Financially, mutual accountability must be strengthened by joint funding of joint actions. An inclusive institutional mechanism is also needed to promote political and civil society participation as well as policy coherence for sustainable development beyond migration and climate. More generally, the Strategy advances a government-to-government type of partnership at the expense of a more people-centred approach that is more in line with the ‘principled pragmatism’ of the EU.
Autores : Ondřej HORKÝ-HLUCHÁŇ

A Comprehensive EU Strategy for Africa - Trade and Investments EN

25-06-2020 PE 603.509 AFET
Briefing
Resumen : The new European Commission (EC) is putting EU-African relations to the fore. A Joint Communication of the EC towards a comprehensive Strategy with Africa stresses the African Continent’s strategic importance and the EU’s need to strengthen its partnership with (and not for) Africa. Proposals in the Joint Communication maintain promotion of sustainable investments with Africa on top of the EU’s agenda. Partnership with Africa to attract investors and boost regional as well as continental integration are specific actions aimed to attain sustainable growth and jobs in African countries. This emphasis is not new, being in line with a geopolitically oriented Commission and the European Union’s (EU) trend of shifting from a Donor-recipient model to a relationship based on mutual cooperation, pursuing common interests and mutual benefits. As the COVID-19 pandemic takes hold in Africa during 2020, it is becoming more urgent that EU and African relations post COVID-19 be tailored to a new scenario and show tangible action using partnership rhetoric.
Autores : Ainhoa MARIN-EGOSCOZABAL

Online Platforms' Moderation of Illegal Content Online EN

23-06-2020 PE 652.718 IMCO
Estudio
Resumen : Online platforms have created content moderation systems, particularly in relation to tackling illegal content online. This study reviews and assesses the EU regulatory framework on content moderation and the practices by key online platforms. On that basis, it makes recommendations to improve the EU legal framework within the context of the forthcoming Digital Services Act.
Autores : University of Namur (CRIDS/NADI) and VVA

A roadmap to completing the Banking Union EN

19-06-2020 PE 645.707 ECON
Análisis en profundidad
Resumen : Completing the Banking Union has been a long term endeavour, on the back of the less successful negotiations on its third leg - the common deposit guarantee scheme. The current crisis caused by the outbreak of COVID-19 will evidently put the current setup of Banking Union to test, but may also create a new impetus and political will for it’s completion. This briefing, based on two earlier EGOV briefings (here and here), (1) sets out the main milestones of such process so far, (2) outlines where work was before the coronavirus outbreak and (3) points to areas where progress is still missing and should continue once the urgency of the current crisis is mitigated. It will be regularly updated on the basis of available public information.
Autores : CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

The role (and accountability) of the President of the Eurogroup EN

18-06-2020 PE 602.116 ECON
Briefing
Resumen : This note provides an overview of the role of the President of the Eurogroup, the procedures for his/her appointment, as well as proposals on a “full time position” as part of the wider debate on deepening the Economic and Monetary Union. The note also briefly addresses the mandate and working methods of the Eurogroup. In addition, this note refers to the debate around the transparency of Eurogroup proceedings. It is updated regularly.
Autores : Kajus HAGELSTAM, WOLFGANG LEHOFER, CRISTINA SOFIA PACHECO DIAS

Banks' exposures to Home sovereign bonds EN

15-06-2020 PE 651.344 ECON
De un vistazo
Resumen : This background document summarises information that was published by the European Banking Authority and that sheds some light on the status quo of the 'sovereign-bank' nexus, in view of the fact that the link between sovereign and bank credit risk has been identified as a risk to financial stability.
Autores : Marcel MAGNUS, ANDREA DI FILIPPO

How to Fully Reap the Benefits of the Internal Market for E-Commerce? EN

15-06-2020 PE 652.723 IMCO
De un vistazo
Resumen : This paper provides a framework for maximising current and potential benefits of e-commerce for the single market while minimising economic and societal costs. It takes stock of the role of the e-Commerce Directive and analyses new challenges arising in the age of platforms. Forward-looking solutions are presented to enhance cross-border e-commerce in the EU, facilitate access to digital copyrighted content and improve the sustainability of online platforms. Finally, the paper reflects on the planned digital services act, outlining policy recommendations. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on the Internal Market and Consumer Protection (IMCO).
Autores : Nadina IACOB, Felice SIMONELLI

The Legal Framework for E-commerce in the Internal Market EN

15-06-2020 PE 652.724 IMCO
De un vistazo
Resumen : This at a glance presents an overview of the current state of play in the area of e-commerce. It discusses the existing legislative framework of the Digital Single Market as well as the technology-driven changes of market and economy that have taken place over the last twenty years. The analysis identifies areas prone to producing a positive reaction to legislative intervention. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on the Internal Market and Consumer Protection (IMCO).
Autores : Mariusz MACIEJEWSKI, Christina RATCLIFF

Nominations for Members of the European Court of Auditors EN

15-06-2020 PE 654.527 BUDG CONT
De un vistazo
Resumen : Short presentation of - Treaty provisions and appointment procedure, - upcoming and recent nominations and - avenues for further research.
Autores : Michaela FRANKE

Artificial Intelligence:Opportunities and Challenges for the Internal Market and Consumer Protection EN

15-06-2020 PE 642.352 IMCO
Briefing
Resumen : Developing appropriate policies and regulations for AI is a priority for the European Union. AI has become a powerful driver of social transformation, reshaping individual lives and interactions as well as economical and political organisations. AI brings huge opportunities for development, sustainability, health and knowledge, as well as significant risks of unemployment, discrimination, exclusion, etc. Multiple areas are affected by AI, such as data protection (lawful and proportionate processing of personal data, subject to oversight), fair algorithmic treatment (not being subject to unjustified prejudice resulting from automated processing), transparency and explicability (knowing how and why a certain algorithmic response has been given or a decision made), protection from undue influence (not being misled, manipulated, or deceived). This collection of studies presents research resulting from ongoing interest of the Committee on the Internal Market and Consumer Protection in improving functioning of the Digital Single Market and developing European digital policies based on scientific evidence and expertise.
Autores : Mariusz MACIEJEWSKI, KRISTINE MARIE SAKSENVIK NAESS, LOUISE MATHILDE CAROLINE BLANDIN

The economy and coronavirus: Weekly Picks EN

15-06-2020 PE 651.354 ECON
Briefing
Resumen : This paper provides a summary of recent analyses of the economic and financial effects of the coronavirus, an overview of the proposed new temporary European Union Recovery Instrument, and some policy recommendations made in the public domain to mitigate the negative economic effects of the pandemic.
Autores : Kajus HAGELSTAM, Marcel MAGNUS, KRISTINA GRIGAITE, FRANCESCO-SAVERIO LENZI, ANDREA DI FILIPPO

Banking Union: Corona crisis effects EN

15-06-2020 PE 651.356 ECON
Briefing
Resumen : The corona crisis has significant effects on many banks in the Banking Union. To support the Members of the Banking Union Working Group, the following briefing reports on observations made and actions taken by supervisory authorities, credit rating agencies, banking federations, or other industry experts, in order to point to relevant developments in the banking sector. The briefing will be updated on a bi-weekly basis, unless relevant developments require otherwise.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

Artificial Intelligence (AI): New Developments and Innovations applied to E-Commerce EN

15-06-2020 PE 652.720 IMCO
Briefing
Resumen : The original full study discusses the opportunities and challenges brought by the recent and the foreseeable developments of Artificial Intelligence into online platforms and marketplaces. The paper advocates the importance to support trustworthy, explainable AI (in order to fight discrimination and manipulation, and empower citizens), and societal-aware AI (in order to fight polarisation, monopolistic concentration and excessive inequality, and pursue diversity and openness)
Autores : Prof. Dr Dino PEDRESCHI and Dr Ioanna MILIOU

New aspects and challenges in consumer protection EN

15-06-2020 PE 652.722 IMCO
Briefing
Resumen : The original full study discusses the new challenges and opportunities for digital services that are provided by artificial intelligence, in particular which regard to consumer protection, data protection, and providers’ liability. The discussion addresses the way in which digital services rely on Artificial Intelligence (AI) for processing consumer data and for targeting consumers with ads and other messages, with a focus on risks to consumer privacy and autonomy, as well as on the possibility of developing consumer-friendly AI applications. Also addressed is the relevance of AI for the liability of service providers in connection with the use of AI systems for detecting and responding to unlawful and harmful content.
Autores : Prof Dr Giovanni Sartor

Assigned revenue in the Recovery Plan - The frog that wishes to be as big as the ox? EN

15-06-2020 PE 654.526 BUDG CONT
Briefing
Resumen : Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. The emergency European Recovery Instrument put forward by the Commission amounts to EUR 750 billion. Out of this EUR 750 billion, EUR 500 billion are external assigned revenue. Therefore, more than a third of the EU budget will be considered as assigned revenue in the EU budget. On assigned revenue, the European Parliament is excluded from the decision-making process. Given the size of the amount in question, the budgetary treatment of external assigned revenue should be reassessed.
Autores : Alexandre MATHIS

Opportunities of Artificial Intelligence EN

15-06-2020 PE 652.713 ITRE
Estudio
Resumen : This study focuses on presenting the technological, impact and regulatory state of play in the EU, as compared to key competitor countries. This study also highlights industrial areas in which AI will bring significant socioeconomic benefits, before presenting a methodology for scrutinising the fitness of the EU policy and regulatory framework in the context of AI.
Autores : James EAGER, Mark WHITTLE, Jan SMIT, Giorgio CACCIAGUERRA, Eugénie LALE-DEMOZ

Europeanising European Public Spheres EN

15-06-2020 PE 654.628 AFCO
Estudio
Resumen : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, provides a brief overview of the academic debates on Europeanisation as well as contestation and politicisation of the EU and European integration. Against this background, it focuses on the European public sphere(s), in particular those based on the media and parliaments. The study further discusses current reform proposals aiming to Europeanise the European elections and concludes with recommendations on increasing the legitimacy of the European Union.
Autores : Katrin AUEL, Guido TIEMANN

Institutions and foreign interferences EN

15-06-2020 PE 655.290 AFCO
Estudio
Resumen : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, assesses the EU responses to counter foreign interferences. It examines in particular the effectiveness of the EU action against foreign interferences in the 2019 European Parliament elections, the COVID-19 crisis and the issue of foreign donations to European political parties. The study concludes with specific policy recommendations to enhance the EU’s responses.
Autores : Edoardo BRESSANELLI, Sant’Anna School of Advanced Studies, Pisa (Principal Investigator) Anna DI PALMA, Sant’Anna School of Advanced Studies, Pisa Gaetano INGLESE, Sant’Anna School of Advanced Studies, Pisa Sofia MARINI, Sant’Anna School of Advanced Studies, Pisa Eric REPETTO, Sant’Anna School of Advanced Studies, Pisa

Policy Departments' Monthly Highlights - June 2020 EN

12-06-2020 PE 630.249 INTA BUDG REGI IMCO LIBE
De un vistazo
Resumen : The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Selected Euro Area Macroeconomic Indicators EN

11-06-2020 PE 528.737 ECON
De un vistazo
Resumen : 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.
Autores : Javier María VEGA BORDELL

Key Macroeconomic Indicators in the Euro Area and the United States EN

11-06-2020 PE 542.675 ECON
De un vistazo
Resumen : Latest forcest by EC, IMF and OECD.
Autores : Javier María VEGA BORDELL, KRISTINA GRIGAITE

Mitigating the employment and social effects of the Covid-19 pandemic EN

09-06-2020 PE 652.719 EMPL
Briefing
Resumen : The briefing reviews social and employment policy recommendations made by European and international organisations in relation to the coronavirus crisis.
Autores : AOIFE KENNEDY, MONIKA MARZENA SZPEJNA

The ECB’s Monetary Policy Response to the COVID-19 Crisis EN

08-06-2020 PE 648.787 ECON
Briefing
Resumen : (Updated 8 June 2020) The coronavirus pandemic is taking a heavy toll on the euro area economy, necessitating a timely and resolute macroeconomic policy response. The ECB's Governing Council acted decisively by taking a series of measures that collectively provide a substantial monetary policy stimulus aimed at safeguarding the effective transmission of monetary policy and preventing a serious deterioration of financial conditions. This briefing includes the most recent Governing Council decisions of 4 June.
Autores : Drazen RAKIC

Trade and biodiversity EN

05-06-2020 PE 603.494 AFET
Análisis en profundidad
Resumen : International trade has a direct impact on EU biodiversity, imported invasive species and pathogens, being an example. Trade also impacts global biodiversity, for instance through the 'virtual' water, land, and deforestation contained in EU imports. Economic theory shows that trade with countries that fail to protect a renewable resource can be detrimental for all. Protecting global biodiversity calls for a variety of instruments, at the EU border as well as in the provisions of preferential agreements. The EU already includes biodiversity-related non-trade provisions in trade agreements, but these provisions are not legally binding and hardly effective. This is partly explained by the complexity of the issues posed by biodiversity: since there is no simple synthetic indicator, policy instruments are difficult to enforce. However, an effort to specify measurable and verifiable commitments is needed; more binding mechanisms, along with transparent and automatic sanctions in case of non-compliance should be considered.
Autores : Cecilia BELLORA (CEPII, France), Jean-Christophe BUREAU (AgroParisTech, France), Basak BAYRAMOGLU (INRAE, France), Estelle GOZLAN (INRAE, France), Sébastien JEAN (CEPII and INRAE, Paris)

Economic Dialogue with the other EU Institutions under the European Semester Cycles during the 9th legislative term State of play - June 2020 EN

05-06-2020 PE 624.436 ECON
Briefing
Resumen : This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee of the European Parliament since September 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues. For an overview Economic Dialogues between January 2014 and January 2019, please see separate document.
Autores : Kajus HAGELSTAM

Public hearing with Christine Lagarde, Chair of the European Systemic Risk Board EN

05-06-2020 PE 651.355 ECON
Briefing
Resumen : This note is prepared in view of a public hearing with the Chair of the European Systemic Risk Board (ESRB), Christine Lagarde, which will take place on 8 June 2020. This will be the first hearing with Ms Lagarde in her capacity as a Chair of the ESRB. The aim of the meeting is to discuss recent developments in macroprudential policy field and the impact of the corona crisis. The briefing addresses the ESRB and national macroprudential authorities’ response to the pandemic outbreak, including recent ESRB Recommendation to ESMA; latest ESRB systemic risk assessment and other macroprudential policy concerns.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

The economy and coronavirus: Weekly Picks EN

04-06-2020 PE 651.353 ECON
Briefing
Resumen : This paper provides a summary of some recent analyses of the economic and financial effects of the coronavirus, an overview of the grants component included it the Commission’s proposal for a new EU recovery and resilience facility, and some policy recommendations made in the public domain to mitigate the negative economic effects of the pandemic.
Autores : Jost ANGERER, KRISTINA GRIGAITE, FRANCESCO-SAVERIO LENZI, ANDREA DI FILIPPO

Study in focus: Improving Anti-Money Laundering Policy EN

03-06-2020 PE 648.795 ECON
De un vistazo
Resumen : The study evaluates four measures discussed by the European Parliament, the European Commission and others to improve anti-money laundering policy: identifying high-risk countries through blacklisting, reducing laundering through letterbox or shell companies, harmonising EU AML policies through regulations and strengthening the European executive. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON).
Autores : Prof. Dr. Brigitte UNGER

Possible Avenues for Further Political Integration in Europe - A Political Compact for a More Democratic and Effective Union? EN

03-06-2020 PE 651.849 AFCO
Estudio
Resumen : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, analyses possible avenues for further political integration in the EU after Brexit. The study maps the multiple crises that the EU has weathered in the past decade and explains how these crises, including the recent Covid-19 pandemic, reveal several substantive and institutional weaknesses in the current EU system of governance. The study considers the potentials of the nascent Conference on the Future of Europe to renew the EU and examines the obstacles and opportunities for EU treaty reforms, considering the option of channelling the Conference’s outcome into a new Political Compact, subject to new, less-than-unanimous ratification rules.
Autores : FABBRINI Federico
Tipo de documento

Resumen ejecutivo

Banking Union: Corona crisis effects - week 22 EN

02-06-2020 PE 651.352 ECON
Briefing
Resumen : The corona crisis has significant effects on many banks in the Banking Union. To support the Members of the Banking Union Working Group, the following briefing reports on observations made and actions taken by supervisory authorities, credit rating agencies, banking federations, or other industry experts, in order to point to relevant developments in the banking sector. The briefing will be updated on a bi-weekly basis, unless relevant developments require otherwise.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

Credit Rating for Euro Area Member States and European supranational institutions EN

29-05-2020 PE 651.351 ECON
Briefing
Resumen : This document presents the latest credit ratings issued by the three major Credit Rating Agencies for the Euro Area Member States and three European institutions that issue “EU bonds”: the EU Commission, the European Investment Bank and the European Stabilisation Mechanism. It provides an overview of the framework of sovereign credit ratings and shows their relationship with the financing costs of Euro Area Member States.
Autores : Alice ZOPPÉ, FRANCESCO-SAVERIO LENZI

The SURE: Main Features EN

28-05-2020 PE 645.721 ECON
Análisis en profundidad
Resumen : This document presents the main features of the Commission proposal for an European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) and compares such facility with other financial assistance instruments already available in the European Union. It will be updated in light of relevant developments.
Autores : Alice ZOPPÉ, CRISTINA SOFIA PACHECO DIAS

Economic Dialogue with the European Commission on the 2020 Country Specific Recommendations EN

27-05-2020 PE 651.362 ECON
Briefing
Resumen : V. Dombrovskis, Executive Vice-President for An Economy that Works for People, P. Gentiloni, Commissioner for Economy and N. Schmit, Commissioner for Jobs and Social Rights have been invited to an Economic Dialogue on the launch of the 2020 Country Specific Recommendations (CSRs), in line with the relevant EU law. This briefing note covers the main elements of the 2020 CSRs as proposed by the Commission (Section 1) on 20 May 2020, the EU/EA level economic responses to the pandemic (Section 2), the economic outlook (Section 3), the 2020 Euro Area Recommendation (Section 4), the implementation of 2019 CSRs (Section 5), and review of the European Semester and the deepening EMU (Section 6)
Autores : Kajus HAGELSTAM, Alice ZOPPÉ, Jost ANGERER, Marcel MAGNUS, WOLFGANG LEHOFER, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

Country Specific Recommendations for 2020 EN

27-05-2020 PE 645.748 ECON
Análisis en profundidad
Resumen : This document compiles all the economic policy recommendations for 2020 as proposed by the Commission on 20 May 2020. The Council is expected to adopt these recommendations in July. The document also provides an overview of specific policy areas addressed in these recommendations to EU Member States.
Autores : Jost ANGERER, KRISTINA GRIGAITE, FRANCESCO-SAVERIO LENZI, ANDREA DI FILIPPO

Investigación para la Comisión REGI - El papel de la evaluación en la política de cohesión

27-05-2020 PE 629.219 REGI
Estudio
Resumen : La política de cohesión, que representa alrededor de una tercera parte del presupuesto total de la Unión Europea, es la política más evaluada de la Unión. Se ha establecido un ambicioso marco de evaluación. La aplicación práctica muestra un panorama contradictorio. Si bien el marco facilita un análisis cada vez más preciso de los logros de la política de cohesión, las evaluaciones no siempre se trasladan a la política y se perciben en ocasiones como un ejercicio que genera una «carga administrativa». Las propuestas de la Comisión para el período posterior a 2020 tienen como objetivo simplificar las normas mediante la reducción de las disposiciones obligatorias y limitar las directrices escritas. Sin embargo, esto entraña algunos riesgos. El Parlamento Europeo tiene un importante papel que desempeñar. Se trata, entre otras cosas, de hacer balance de los resultados de la evaluación para aumentar la dimensión política de la política de cohesión y contribuir a una cultura de evaluación en los Estados miembros y las regiones.
Autores : CSIL: Julie PELLEGRIN, Louis COLNOT, with support from Matteo PEDRALLI Country experts: University of Warsaw Diana IONESCU (RO), Tomasz KUPIEC (PL) Agnieszka OLECHNICKA (PL) CSIL: Matteo PEDRALLI (IT) ESTEP: Neringa VIRŠILIENĖ (LT) Scientific Advisers: FREE UNIVERSITY OF BRUSSELS-VUB: Nicola FRANCESCO DOTTI and THE UNIVERSITY OF MILAN: Massimo FLORIO

EU-China trade and investment relations in challenging times EN

25-05-2020 PE 603.492 INTA
Estudio
Resumen : This report examines key aspects of the European Union-China economic relationship, including trade, investment and China’s key strategic project overseas, the Belt and Road Initiative (BRI). We conclude that China is, and will continue to be, a major trade and investment partner for EU countries. In this context, it seems clear that regardless of the direction of the United States-China relationship, the EU needs to explore options for fruitful co-existence with China. Trade continues to be the least problematic aspect of the EU-China economic relationship, although challenges need to be dealt with in a number of areas. There is hardly any EU-China trade in services, and the value added of Chinese exports and competition on third markets is increasing. As for investment, although EU companies have built up more foreign direct investment in China than the other way around, Chinese investment in Europe is growing and has focused strongly on technology. This raises the question of whether the EU should fear losing its technological edge, especially when Chinese state-owned companies might distort competition, not only in China, but also overseas through acquisitions. Finally, we review the significance of the BRI from the European perspective. The BRI offers potential trade gains for Europe by improving physical connectivity with countries along the route to China, but it also poses challenges for the EU. The main challenge is China’s increasing soft power, which is being felt in the EU’s neighbourhood and even in a growing number of EU countries. A more united approach to managing the EU-China economic relationship is required to improve the bargaining power of EU countries when dealing with China.
Autores : Alicia GARCIA-HERRERO, Guntram WOLFF, Jianwei XU, Nicolas POITIERS, Gabriel FELBERMAYR, Rolf LANGHAMMER, Wan-Hsin LIU, Alexander SANDKAMP

Discriminatory Laws Undermining Women’s Rights EN

20-05-2020 PE 603.489 DROI
Análisis en profundidad
Resumen : This paper provides insight into the current situation and recent trends in the abolition or reform of discriminatory laws undermining women's rights in countries outside the European Union (EU). The paper aims to provide a nuanced understanding of processes through which legal reforms take place. Among the factors that have proven to facilitate legal reform are the ratification of international human rights treaties, feminist activism, legal and public advocacy by women’s rights and other human rights non-governmental organisations (NGOs), political dialogue, and increased women's representation in decision-making processes. Incremental steps supported by the EU towards the abolition of discriminatory laws across all legal categories, EU engagement with a broad range of stakeholders at both national and local levels, programmes supporting the gathering of gender-disaggregated data across all sectors and the publicising of data to draw attention to gender inequality in law and practice, among others, can all contribute towards successful reform of discriminatory laws. Striking the right balance between funding programmes that mainstream gender and funding dedicated to gender-targeted programmes, together with the increased use of country gender profiles, are essential in order to achieve quality legal reforms.
Autores : Mr. Paul DALTON, Ms. Deniz DEVRIM, Mr. Roland BLOMEYER, Ms. Senni MUT-TRACY

The economy and coronavirus - Weekly Picks 19/05/2020 EN

19-05-2020 PE 651.349 ECON
Briefing
Resumen : This paper provides a summary of some recent analyses of the macroeconomic effects of the coronavirus and some policy recommendations made in the public domain to mitigate these negative effects.
Autores : KRISTINA GRIGAITE, FRANCESCO-SAVERIO LENZI, ANDREA DI FILIPPO

The ESM Pandemic Crisis Support EN

19-05-2020 PE 651.350 ECON
Briefing
Resumen : This paper provides a summary analysis of the European Stability Mechanism Pandemic Crisis Support instrument agreed by the Eurogroup. This instrument allows the ESM to provide financial assistance (either as loans or by purchasing sovereign bonds) to euro area Member States, to be used for recovering costs related to direct and indirect healthcare, cure and prevention due to the COVID- 19 crisis. The paper focuses on the main feature of the instrument, including its eligibility, the financial and the surveillance aspects.
Autores : Alice ZOPPÉ, CRISTINA SOFIA PACHECO DIAS

What role for the European Semester in steering the economic recovery? EN

18-05-2020 PE 651.348 ECON
Briefing
Resumen : On 20 May 2020, the European Commission is expected to propose its 2020 Country Specific Recommendations (CSRs) and the Council is expected to discuss and finally adopt the 2020 CSRs in July. The competent Committees of the European Parliament will organise a hearing with the Commission on the CSRs in late May. This note presents an overview on how the European Semester framework could provide an useful tool to steer an economic recovery by coordinating national and EU policies, in view of the medium and long term objectives related to sustainable and inclusive growth.
Autores : Kajus HAGELSTAM, Alice ZOPPÉ, Jost ANGERER, WOLFGANG LEHOFER, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

SSM and SRB accountability at European level – a summary of three external briefing papers EN

15-05-2020 PE 645.728 ECON
De un vistazo
Resumen : This note summarises three external briefing papers requested in view of hearings of the Chair of Single Supervisory Mechanism and Chair of Single Resolution Board in ECON.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

Sustainable Consumption and Consumer Protection Legislation EN

15-05-2020 PE 648.796 IMCO
De un vistazo
Resumen : This paper analyses the contribution, or lack of contribution of, the current EU Consumer Protection Legislation to a sustainable consumption and a longer lifetime of products. In addition, it gives an overview of the most relevant best practices at national and international level and provides recommendations on the future development and possible reforms of European consumer protection legislation in order to contribute to a more sustainable consumption and a longer lifetime of products. This document was commissioned by Policy Department A at the request of the European Parliament’s Committee on the Internal Market and Consumer Protection (IMCO).
Autores : Bert KEIRSBILCK, KU Leuven Evelyne TERRYN, KU Leuven Anaïs MICHEL, KU Leuven Ivano ALOGNA, BIICL

The e-commerce Directive as the cornerstone of the Internal Market EN

15-05-2020 PE 652.715 IMCO
De un vistazo
Resumen : The e-commerce Directive was adopted in 2000 and has played a key role in the development of online platforms in Europe. The study assesses the effects of the Directive as a cornerstone of the Digital Single Market. On that basis, it proposes some reforms for the future Digital Services Act.
Autores : Alexandre de STREEL and Martin HUSOVEC

Banking Union: Corona crisis effects - week 20 EN

15-05-2020 PE 645.746 ECON
Briefing
Resumen : The corona crisis has significant effects on many banks in the Banking Union. To support the Members of the Banking Union Working Group, the following briefing reports on observations made and actions taken by supervisory authorities, credit rating agencies, banking federations, or other industry experts, in order to point to relevant developments in the banking sector. The briefing will be updated on a bi-weekly basis, unless relevant developments require otherwise.
Autores : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, KRISTINA GRIGAITE

The EU 2030 Biodeversity Strategy EN

15-05-2020 PE 652.207 AGRI
Briefing
Resumen : Following the presentation of the Communication on the EU Biodiversity Strategy for 2030 - Bringing nature back into our lives (COM (2020) 380 of 20 May 2020), this briefing note (1) provides background elements on the EU Biodiversity policy, (2) presents the key features of its new strategy and (3) analyses its potential effects on the CAP and the upcoming national strategic plans.
Autores : François NEGRE

Medicine shortage in the EU during the novel coronavirus outbreak EN

15-05-2020 PE 652.709 ENVI
Briefing
Resumen : The novel coronavirus outbreak is an unprecedented public health crisis with far-reaching consequences. It has highlighted the EU’s long-existing structural problems related to the supply of medicines, and the dependency on third-country import for certain essential and critical medicines and ingredients. While public health policy, including the organisation of the delivery of healthcare and the sales of medicines remains in the competence of the Member States, it has also become clear that cooperation with the pharmaceutical industry, amongst the Member States, and with the Commission and the Europan Medicines Agency, is key in resolving the problems of medicine shortages in these extraordinary times This paper looks into the causes of medicine shortage during the novel coronavirus pandemic in the Union, and the responses and solutions at European level.
Autores : Zsuzsanna LAKY

National COVID-19 contact tracing apps EN

15-05-2020 PE 652.711 ITRE
Briefing
Resumen : While the coordination of cross-border interoperable COVID-19 contact tracing apps is a competence of the European Commission, their development is a national competence. This short briefing summarises the current efforts towards, functionalities of and technical decisions on the development of national COVID-19 apps, with a focus on the ongoing centralised vs. decentralised approach and the interoperability of different apps across Europe. All Member States and the Commission consider the interoperability of the apps and backend servers to be essential for the effective tracing of cross-border infection chains, especially for cross-border workers and neighbouring countries. Ultimately, this effort will support the gradual lifting of border controls within the EU and the restoration of the single market’s integrity.
Autores : MATTEO CIUCCI, Frederic GOUARDERES

Collection of studies for the IMCO Committee - Digital Services Act EN

15-05-2020 PE 652.712 IMCO
Briefing
Resumen : While the E-commerce directive has been the cornerstone of the Internal Market for the last twenty years, Members of the European Parliament´s Internal Market and Consumer Protection Committe noted that the Digital Single Market is affected by increasing fragmentation in tackling illegal content online, difficulties to promote market entry and consumer welfare, and ineffectiveness of enforcement and cooperation between Member State. In order to improve functioning of the Single Market, IMCO Committee took the initiative to prepare a legislative report with recommendations to the Commission on a Digital Services Act (Rapporteur: MEP Alex Agius Saliba) and organised a workshop on “E-commerce rules, fit for the digital age” during which MEPs discussed with experts, stakeholders and consumer protection organisations possibilities of efficient reforms of regulation and consumer protection on online marketplaces in the European Union. This collection of studies presents workshop proceedings and expert studies resulting from the ongoing interest of the Committee on the Internal Market and Consumer Protection in improving the functioning of the Digital Single Market and developing e-commerce rules based on scientific evidence and expertise.
Autores : Mariusz MACIEJEWSKI, Christiane BLONDIN

New Developments in Digital Services EN

15-05-2020 PE 652.716 IMCO
Briefing
Resumen : The study lays out predictions for digital services in the next one to ten years and provides recommendations for action for the European Parliament in preparation for the Digital Services Act.
Autores : Nick SOHNEMANN et al.

Brazil and the Amazon Rainforest: Deforestation, biodiversity and cooperation with the EU and international forums EN

15-05-2020 PE 648.792 ENVI
Análisis en profundidad
Resumen : For the largest tropical rainforest on Earth, an aggravated forest fire and deforestation regime in Amazonia put at risk the world’s richest biodiversity assets and a major climate regulator. For the EU27, it highlights the need to associate the question of embodied deforestation consumption by placing deforestation-free supply chains at the centre of negotiations surrounding the EU-Mercosur Association Agreement, given the volume of trade between these economic blocs in meat, leather, soy, coffee, rubber, wood pulp, biofuel and timber.
Autores : Cristina MÜLLER

E-commerce rules, fit for the digital age - IMCO Workshop Proceedings EN

15-05-2020 PE 648.798 IMCO
Análisis en profundidad
Resumen : The report summarises the discussion that took place at the workshop on “E-commerce rules, fit for the digital age”. The E-commerce directive was elaborated twenty years ago and has been key in regulating online services. However, the role of the internet has drastically evolved over the last two decades. The Chair of IMCO Committee Prof Dr Petra de Sutter and the Rapporteur for the Digital Services Act (DSA) Mr Alex Agius Saliba co-chaired this workshop in order to discuss which areas of the E-commerce directive are no longer fit for purpose and need reforming in the DSA. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies for the committee on the Internal Market and Consumer Protection (IMCO).
Autores : LOUISE MATHILDE CAROLINE BLANDIN

Can the Euro Dethrone the US Dollar as the Dominant Global Currency? Not so Soon, if Ever EN

15-05-2020 PE 648.805 ECON
Análisis en profundidad
Resumen : The euro is the second most important global currency after the US dollar. However, its international role has not increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial market for US dollar-denominated assets is larger and deeper; network externalities and inertia also play a role. Increasing the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central Bank and completing the Banking Union and Capital Market Union. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Marek DABROWSKI

The International Role of the Euro: State of Play and Economic Significance EN

15-05-2020 PE 648.806 ECON
Análisis en profundidad
Resumen : This paper summarises recent trends in the international use of the euro and potential benefits and drawbacks of acquiring the status of an international currency, with a focus on implications for monetary policy. The benefits of international currency status are found to likely be limited and the effects on monetary policy to be ambiguous. The international role of the euro could be strengthened by policy initiatives in specific markets or as a by-product of improvements in the soundness of euro area economic and fiscal policies. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Joscha BECKMANN, Salomon FIEDLER, Klaus-Jürgen GERN, Josefin MEYER

The Euro and the Geopolitics of Post-COVID-19 EN

15-05-2020 PE 648.807 ECON
Análisis en profundidad
Resumen : This note provides a critical overview on the current status and recent trends related to the euro’s international standing over the last decade and reflects on the opportunities and risks for the role of the euro going forward, including the post-COVID-19 international trade and political order. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Corrado MACCHIARELLI

The ECB’s Mandate and Legal Constraints EN

15-05-2020 PE 648.808 ECON
Análisis en profundidad
Resumen : This paper considers how the ECB can implement its mandate in the current crisis conditions and the legal constraints that exist on its actions. The current position of the euro area economy means the threat to meeting the ECB’s primary objective of price stability stems from the possibility of a long period of below-target inflation. This means the ECB should consider a wide range of stimulative policies that would help it meet both its primary and secondary objectives. The ECB, however, will be constrained by the ECJ’s interpretation of the monetary financing clause and its ability to meet its primary objective (and its independence) could be threatened by the recent German constitutional court judgement which is flawed in both its legal and economic analysis. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Karl WHELAN

Global Currencies During a Crisis: Swap Line Use Reveals the Crucial Ones EN

15-05-2020 PE 648.809 ECON
Análisis en profundidad
Resumen : The current crisis has confirmed the importance of the currency swap lines offered by the Federal Reserve. They enhance the role of the USD as the dominant global currency. However, one should not expect much impact on the international role of the euro when the ECB offers similar currency swap lines. Currency competition is not won by competing on the generosity of currency swap lines. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Daniel GROS, Angela CAPOLONGO

The Dimensions of Responsibility: Perspectives on the ECB’s Monetary Policy Mandate EN

15-05-2020 PE 648.810 ECON
Análisis en profundidad
Resumen : A strong theoretical and empirical case exists for a dual monetary policy mandate. Central banks should aim to stabilise both prices (or inflation) and output (or employment). Other objectives, such as financial stability, reversing climate change, and reducing inequality are at best secondary objectives for which better policy tools are available. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Joseph E. GAGNON, Jacob F. KIRKEGAARD, David W. WILCOX, Christopher G. COLLINS

The ECB in the COVID-19 Crisis: Whatever it Takes, Within its Mandate EN

15-05-2020 PE 648.811 ECON
Análisis en profundidad
Resumen : To keep the euro-area economy afloat, the European Central Bank (ECB) has announced a large number of measures since the beginning of the COVID-19 crisis. This response has triggered fears of a future increase in inflation. We discuss the risks that the ECB is unable to fulfil its price-stability mandate, and also whether these new measures respect legal limits set by the EU Treaties. We conclude that the measures introduced by the ECB during the crisis and the resulting increase in the size of its balance sheet, even if it were to be permanent, should not restrict its ability to achieve its price-stability mandate in the future, within its legal obligations. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Grégory CLAEYS

Setting New Priorities for the ECB’s Mandate EN

15-05-2020 PE 648.812 ECON
Análisis en profundidad
Resumen : Beyond price stability, the EU Treaties assign to the ECB a range of secondary objectives. We investigate the linkages between price stability and these objectives to assess whether they are independent, complementary or substitutable, which is important to refine the definition of the mandate. Keeping the current mandate would not provide leeway for the ECB to reach other objectives. We propose to broaden the mandate to include employment and financial stability. Enhanced coordination should contribute to fulfilling the objectives. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Christophe BLOT, Jérôme CREEL, Emmanuelle FAURE and Paul HUBERT

The ECB Mandate: Perspectives on Sustainability and Solidarity EN

15-05-2020 PE 648.813 ECON
Análisis en profundidad
Resumen : This report analyses the ECB mandate in light of its primary objective of price stability along with its secondary objective to support the general economic policies in the Union (Article 127 TFEU), which include employment, growth, climate change, and the quality of the environment, bearing in mind the broader goals of sustainability and solidarity (Article 3 TEU). The pursuit of financial stability directly interacts with the price stability mandate. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs.
Autores : Rosa Maria LASTRA, Kern ALEXANDER

Research for the AGRI Committee - The Farm to Fork Strategy implications for agriculture and the CAP EN

15-05-2020 PE 652.206 AGRI
Análisis en profundidad
Resumen : The aim of this In-Depth Analysis prepared by the Policy Department for Structural and Cohesion Policies is to explore the possible implications of the Farm to Fork Strategy (F2F) for agriculture and the CAP and, as a result, on the legislative works of the AGRI Committee over the 2020 - 2023 period. The analysis is based on the following sources: the Communication on the European Green Deal (COM (2019) 640 of 11 December 2019); the EC roadmap and key actions of the European Green Deal (11 December 2019); the EC F2F Strategy roadmap (17 February 2020); the Communication ‘A Farm to Fork Strategy for a fair, healthy and environmentally-friendly food system’ (COM (2020) 381 of 20 May 2020); the Draft Action Plan of the Farm to Fork Strategy (Annex of the EC Communication of 20 May 2020); the Commission staff working document ‘Analysis of links between CAP reform and Green Deal’ (SWD (2020) of 20 May 2020); and others background documents accompanying the F2F Communication of 20 May 2020.
Autores : Albert MASSOT MARTI

Improving Anti-Money Laundering Policy EN

15-05-2020 PE 648.789 ECON
Estudio
Resumen : This study evaluates four measures discussed by the European Parliament, the European Commission and others, to improve anti-money laundering policy. First, identifying high-risk countries through blacklisting. Second, reducing laundering through letterbox or shell companies. Third, harmonising EU AML policies through regulations. Fourth, strengthening the European executive, e.g. through a European public prosecutor, a European FIU, a European supervisor, or a European police also in the light of COVID-19. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON).
Autores : Prof. Dr. Brigitte UNGER

The functioning of the Internal Market for Digital Services: responsibilities and duties of care of providers of Digital Services EN

15-05-2020 PE 648.802 IMCO
Estudio
Resumen : The paper reflects on responsibilities and duties of care of online intermediaries as set out in the E-Commerce Directive and gives recommendations for a possible future EU Digital Services Act. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on the Internal Market and Consumer Protection (IMCO).
Autores : Jan Bernd NORDEMANN

The ECB's Mandate: Perspectives on General Economic Policies EN

15-05-2020 PE 648.814 ECON
Estudio
Resumen : The ECB has a clear primary objective to maintain price stability. The Treaty is less clear on how the ECB is required to fulfil its so-called secondary objective of “supporting general economic policies of the Union”. Just as the ECB was about to start its monetary policy strategy review which also provided an opportunity to clarify these elements of the mandate, the COVID-19 crisis brought the toughest test yet for its ability to deliver on the objectives. In addition, the German constitutional court delivered a judgement on the ECB’s public sector purchase programme (PSPP) which might bring further legal and economic consequences. In advance of the Monetary Dialogue with ECB President Christine Lagarde on 8 June 2020, the ECON Committee’s Monetary Expert Panel has prepared a set of five papers on this topic. This publication is provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs (ECON).
Autores : Rosa M. LASTRA, Kern ALEXANDER, Karl WHELAN, Joseph E. GAGNON, Jacob F. KIRKEGAARD, David W. WILCOX, Christopher G. COLLINS, Christophe BLOT, Jérôme CREEL, Emmanuelle FAURE, Paul HUBERT, Grégory CLAEYS

Environmental liability of companies EN

15-05-2020 PE 651.698 JURI
Estudio
Resumen : This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs, aims at gaining deeper insights into the environmental liability of companies in the European Union. It analyses the role of companies within the Environmental Liability Directive (ELD) and pays attention to potential hurdles that may limit the possibility to hold companies liable for environmental harm. Various remedies to the limited liability of the corporation are discussed and suggestions are formulated to improve access to justice for victims of environmental harm. Specific attention is paid to a balanced regime of mandatory solvency guarantees to support the ELD liabilities of companies.
Autores : Prof. Dr. Michael G. Faure, Professor of comparative and international environmental law, at Maastricht University and Professor of comparative private law and economics, at Erasmus School of Law in Rotterdam, The Netherlands