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The legal nature of Country-Specific Recommendations

10-09-2019

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities endorsed by the European Council or adopted by the Council on th basis of the Annual Growth Survey. The Council ...

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities endorsed by the European Council or adopted by the Council on th basis of the Annual Growth Survey. The Council also adopts policy recommendations to the euro area as a whole in accordance with Article 136 of the Treaty on the Functioning of the European Union (TFEU) following a COM proposal. Table 1 displays the development of the number of CSRs and the minimum and maximum number per Member State.

Banking Union: Towards new arrangements for the provision of liquidity in resolution?

16-07-2019

The recent case of Banco Popular has shown the importance of liquidity funding in the context of bank resolution. The Eurogroup report endorsed by the December 2018 Euro Summit noted the “broad support for the assessment of the institutions [i.e. ECB, SRB and Commission] that there are limitations in the current framework [for liquidity provision in resolution] which may hamper its effectiveness. The June 2019 Euro summit has not yet reached any conclusions on the design of that liquidity facility ...

The recent case of Banco Popular has shown the importance of liquidity funding in the context of bank resolution. The Eurogroup report endorsed by the December 2018 Euro Summit noted the “broad support for the assessment of the institutions [i.e. ECB, SRB and Commission] that there are limitations in the current framework [for liquidity provision in resolution] which may hamper its effectiveness. The June 2019 Euro summit has not yet reached any conclusions on the design of that liquidity facility, as planned. The Eurogroup is expected to report back to the Euro-Summit in December 2019. This briefing (1) describes the existing arrangements in the Banking Union, (2) compares those arrangements with the US and the UK regimes and (3) echoes ongoing reflections on possible new arrangements with a view to completing the Banking Union. This briefing is an updated version of a briefing initially drafted in July 2018.

EU policies – Delivering for citizens: EU support for democracy and peace in the world

28-06-2019

From the outset, the European Union (EU) has been an integration project directed at preserving peace among its Member States – a fundamental objective that it has succeeded in achieving for over 60 years. As a community of like-minded states, the EU is also based on certain fundamental values, such as democracy and the rule of law, which the Union aspires to promote, both internally and externally, and which guide all its policies. In line with this vision, the EU has developed specific policies ...

From the outset, the European Union (EU) has been an integration project directed at preserving peace among its Member States – a fundamental objective that it has succeeded in achieving for over 60 years. As a community of like-minded states, the EU is also based on certain fundamental values, such as democracy and the rule of law, which the Union aspires to promote, both internally and externally, and which guide all its policies. In line with this vision, the EU has developed specific policies to support democracy and peace in the world. It also aims to integrate the pursuit of peace and democracy with all its other external actions in areas such as trade, development, enlargement and neighbourhood policies, its common foreign and security policy, and political and diplomatic relations with third countries and multilateral institutions. The EU has established a reputation as a soft power organisation guided by a normative vision and as an effective actor for peace and democracy. Strengthening peace and democracy globally has never been an easy task, however, and today's geopolitical context poses new challenges. The proliferation and increasing gravity and duration of conflicts – some in the EU's immediate neighbourhood, the emergence of new threats, such as terrorism or nuclear proliferation, and the crisis of liberal systems have driven the EU to widen and intensify its efforts. They have also led to a new vision for action revolving around the concept of 'resilient societies' based on the mutually reinforcing pillars of peace and democracy, and a special emphasis on fragile states. Against this background, recent surveys have shown that citizens expect the EU to be even more active in promoting peace and democracy externally – something that should surely strengthen its resolve to make further progress in this crucial area. This is an update of an earlier briefing issued in advance of the 2019 European elections.

EU policies – Delivering for citizens: Protection of EU external borders

28-06-2019

The unprecedented arrival of refugees and irregular migrants in the EU, which peaked in 2015, exposed a series of deficiencies and gaps in EU policies on external borders. It affected the functioning of the Schengen rules, leading to the re-introduction of border checks by several Member States. In response to these challenges, as well as the surge in terrorist and serious cross-border crime activities, the EU has embarked on a broader process of reform aimed at strengthening its external borders ...

The unprecedented arrival of refugees and irregular migrants in the EU, which peaked in 2015, exposed a series of deficiencies and gaps in EU policies on external borders. It affected the functioning of the Schengen rules, leading to the re-introduction of border checks by several Member States. In response to these challenges, as well as the surge in terrorist and serious cross-border crime activities, the EU has embarked on a broader process of reform aimed at strengthening its external borders by reinforcing the links between border controls and security. On the one hand, measures for protecting the EU's external borders have focused on reinforcing EU border management rules, such as the Schengen Borders Code, and strengthening and upgrading the mandates of relevant EU agencies, such as Frontex, eu-LISA, Europol and EASO. On the other hand, in connection with a number of key shortcomings in the EU's information systems, efforts were made to improve use of the opportunities offered by information systems and technologies for security, criminal records, and border and migration management. This included strengthening existing IT systems (SIS II, VIS, Eurodac, ECRIS-TCN), establishing new ones (ETIAS, Entry/Exit System) and improving their interoperability. The broader mandate and the increase of activities in the area of EU border management is also reflected in the growing amounts, flexibility, and diversity of EU funds, inside and outside the current and future EU budget. This is an update of an earlier briefing issued in advance of the 2019 European elections.

Summary of the exchange of views on EU Member States National Declarations (ND) - Committee on Budgetary Control Meeting on 11 April 2019

14-06-2019

Committee on Budgetary Control (CONT) held an exchange of views with Mr Olivier Waelbroeck, Director, European Commission, and Ms Eva Lindström, Member of the European Court of Auditors, in which they explored ways to promote the National Declarations (ND). ND are a voluntary public accountability instrument that strengthen the provision of assurance in the management of EU funds, and demonstrate the political commitment towards sound financial management.

Committee on Budgetary Control (CONT) held an exchange of views with Mr Olivier Waelbroeck, Director, European Commission, and Ms Eva Lindström, Member of the European Court of Auditors, in which they explored ways to promote the National Declarations (ND). ND are a voluntary public accountability instrument that strengthen the provision of assurance in the management of EU funds, and demonstrate the political commitment towards sound financial management.

European Defence Fund: Multiannual financial framework 2021-2027

15-05-2019

In June 2018, the European Commission presented a legislative proposal on a European Defence Fund, including a budget allocation of €13 billion in current prices for the 2021-2027 period. The proposal aims to streamline and simplify the current legislation by integrating the Preparatory Action on Defence Research (research window) and the European Defence Industrial Development Programme (as one part of the capability window) into a single fund. The main aims of the fund are to foster the competitiveness ...

In June 2018, the European Commission presented a legislative proposal on a European Defence Fund, including a budget allocation of €13 billion in current prices for the 2021-2027 period. The proposal aims to streamline and simplify the current legislation by integrating the Preparatory Action on Defence Research (research window) and the European Defence Industrial Development Programme (as one part of the capability window) into a single fund. The main aims of the fund are to foster the competitiveness and innovativeness of European defence and to contribute to the EU's strategic autonomy. In this regard, the fund would support collaborative industrial projects; co finance the costs of prototype development; encourage the participation of small and medium-sized enterprises; and promote projects in the framework of permanent structured cooperation. Synergies are expected with other EU initiatives in the field of cybersecurity, maritime transport, border management, Horizon Europe, the space programme and the European Peace Facility. In April 2019, after several trilogue meetings, Parliament and Council reached a partial agreement on the programme, covering the content, but not, among other things, budgetary issues. Parliament adopted its position at first reading in April. Further discussions on the outstanding issues can be expected once Council reaches agreement on the overall multiannual budget. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

How the EU budget is spent: European Fund for Sustainable Development

02-04-2019

The European Fund for Sustainable Development (EFSD) is one of the EU financial instruments that promote a pro-active development aid policy. It is part of the complex European external investment plan to support investments primarily in the EU neighbourhood and Africa. The EFSD applies the same financial model as the European Fund for Strategic Investments. By 2020, it is expected to generate €44 billion in investments (based on an initial EU contribution of €4.1 billion) to help create jobs and ...

The European Fund for Sustainable Development (EFSD) is one of the EU financial instruments that promote a pro-active development aid policy. It is part of the complex European external investment plan to support investments primarily in the EU neighbourhood and Africa. The EFSD applies the same financial model as the European Fund for Strategic Investments. By 2020, it is expected to generate €44 billion in investments (based on an initial EU contribution of €4.1 billion) to help create jobs and economic opportunities, address the socio-economic causes of migration, and contribute to the achievement of the UN sustainable development goals.

The Scrutiny of the European Defence Fund by the European Parliament and national parliaments

01-04-2019

Since 2016, the European Union has developed a number of new initiatives on security and defence. In particular, the introduction of Permanent Structured Cooperation and the European Defence Fund have been designed to allow the EU to become a more autonomous actor with regard to crisis management, capacity building and protecting Europe and its citizens. Yet the development of these new initiatives raises questions about their overall coherence and the role of parliamentary scrutiny. It is necessary ...

Since 2016, the European Union has developed a number of new initiatives on security and defence. In particular, the introduction of Permanent Structured Cooperation and the European Defence Fund have been designed to allow the EU to become a more autonomous actor with regard to crisis management, capacity building and protecting Europe and its citizens. Yet the development of these new initiatives raises questions about their overall coherence and the role of parliamentary scrutiny. It is necessary to analyse the role of the European Parliament and national parliaments in relation to the scrutiny of the European Defence Fund. There is a need for recommendations on how parliamentary scrutiny can be enhanced at the EU level in the area of security and defence.

Εξωτερικός συντάκτης

Daniel FIOTT, Security and Defence Editor, EU Institute for Security Studies

Research for PECH Committee - Implementation and impact of key European Maritime and Fisheries Fund measures (EMFF) on the Common Fisheries Policy, and the post-2020 EMFF proposal

15-01-2019

This Report is a research on the current performance of the shared management component of the European Maritime and Fisheries Fund (EMFF) and its impact on the Common Fisheries Policy. Based on quantitative data collection as well as on interviews with Managing Authorities of Member States and stakeholders, the Report also analyses the legislative proposal for the post-2020 EMFF and seeks to support the Members of the PECH Committee of the EU Parliament in their consideration.

This Report is a research on the current performance of the shared management component of the European Maritime and Fisheries Fund (EMFF) and its impact on the Common Fisheries Policy. Based on quantitative data collection as well as on interviews with Managing Authorities of Member States and stakeholders, the Report also analyses the legislative proposal for the post-2020 EMFF and seeks to support the Members of the PECH Committee of the EU Parliament in their consideration.

Εξωτερικός συντάκτης

CETMAR, Spain: Marta Ballesteros, Rosa Chapela, Jose L. Santiago, Mariola Norte-Navarro - COGEA, Italy: Anna Kęsicka, Alessandro Pititto, Ugo Abbagnano, Giuseppe Scordella

Guarantee Fund for External Actions

13-12-2018

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European ...

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European External Investment Plan, which addresses the root causes of migration, the ongoing refugee crisis and security-related issues.

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