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Key Macroeconomic Indicators for Cyprus, Greece, Ireland and Portugal

12-11-2019

This document provides a selection of key indicators in Member States that are or have been subject to a Macroeconomic Adjustment Programme. Greece is still under a programme, while Ireland, Portugal and Cyprus have exited their programmes and are now under so-called post-programme surveillance. For more information on the programmes, please see a separate document on Financial Assistance to EU Member States.

This document provides a selection of key indicators in Member States that are or have been subject to a Macroeconomic Adjustment Programme. Greece is still under a programme, while Ireland, Portugal and Cyprus have exited their programmes and are now under so-called post-programme surveillance. For more information on the programmes, please see a separate document on Financial Assistance to EU Member States.

Macro-Financial Assistance to EU Member States - State of Play, November 2019

08-11-2019

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, EFSF, EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Against the background that since August 2018 all financial assistance programmes to EU Member States have been concluded, the document focuses now on the implementation of the enhanced surveillance framework for Greece and post-programme reviews (including IMF Article IV ...

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, EFSF, EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Against the background that since August 2018 all financial assistance programmes to EU Member States have been concluded, the document focuses now on the implementation of the enhanced surveillance framework for Greece and post-programme reviews (including IMF Article IV assessments) for Ireland, Portugal, Romania and Spain undertaken by the European Commission (EC) in liaison with the ECB (Post-Programme Surveillance, PPS), the IMF (Post-Programme Monitoring, PPM) and the ESM (Early Warning System, EWS).

Research for PECH Committee - Landing Obligation and Choke Species in Multispecies and Mixed Fisheries -The South Western Waters

16-04-2018

This study presents an identification of the likely stocks that could act as choke stocks under the landing obligation to be fully implemented in 2019 for South Western Atlantic Waters. The study provides an estimation of the likely surplus/deficit quota by stock, Member State and EU level. It also analyses the likely solutions to it and if the likely management possibilities have been used or not. It finally provides a list of stocks of high risk of being choke after the application of the existing ...

This study presents an identification of the likely stocks that could act as choke stocks under the landing obligation to be fully implemented in 2019 for South Western Atlantic Waters. The study provides an estimation of the likely surplus/deficit quota by stock, Member State and EU level. It also analyses the likely solutions to it and if the likely management possibilities have been used or not. It finally provides a list of stocks of high risk of being choke after the application of the existing tool box for alleviating the choke problem in the near future.

Parlamendiväline autor

AZTI, SPAIN: Raúl PRELLEZO, Ane IRIONDO, Marina SANTURTÚN. IEO, SPAIN : Julio VALEIRAS

RESEARCH FOR PECH COMMITTEE - Fisheries in Madeira

15-06-2017

The overview of the fisheries in Madeira was prepared to provide information for the mission of the Committee of Fisheries to Madeira in 2017 (22-25 May).

The overview of the fisheries in Madeira was prepared to provide information for the mission of the Committee of Fisheries to Madeira in 2017 (22-25 May).

RESEARCH FOR REGI COMMITTEE - The economic, social and territorial situation of the Azores (Portugal)

14-04-2017

This briefing was prepared to provide information for the visit to the Azores (Portugal) of 22 to 26 May 2017 of a delegation of the European Parliament’s Committee on Regional Development, the islands visited being São Miguel and Terceira.

This briefing was prepared to provide information for the visit to the Azores (Portugal) of 22 to 26 May 2017 of a delegation of the European Parliament’s Committee on Regional Development, the islands visited being São Miguel and Terceira.

THE INSTRUMENTS PROVIDING MACRO-FINANCIAL SUPPORT TO EU MEMBER STATES

12-01-2017

This paper revises the European instruments for macro-financial stability providing financial support to member states. Three instruments, created on an ad-hoc basis during the crisis, are temporary and should gradually disappear. One instrument reserved for non-euro area member states, and others targeted at euro area countries remain in place. In the long term, the European Stability Mechanism is likely to become the only instrument for macro-financial assistance, but its current standing outside ...

This paper revises the European instruments for macro-financial stability providing financial support to member states. Three instruments, created on an ad-hoc basis during the crisis, are temporary and should gradually disappear. One instrument reserved for non-euro area member states, and others targeted at euro area countries remain in place. In the long term, the European Stability Mechanism is likely to become the only instrument for macro-financial assistance, but its current standing outside the EU legal framework needs to be addressed.

Parlamendiväline autor

Cinzia ALCIDI, David Rinaldi, Jorge Núñez Ferrer, Danel Gros, Centre for European Policy Studies (CEPS)

Deep-sea fisheries in the north-east Atlantic

07-12-2016

Deep-sea species and marine ecosystems are particularly sensitive to human activities. The European Parliament is now to finalise the adoption of a regulation aimed at sustainable deep-sea fishing activities, while freezing their zonal footprint and protecting vulnerable deep-sea ecosystems. This regulation is the outcome of lengthy negotiations between the EP and the Council, after both institutions rejected a 2012 Commission proposal to put a definitive end to the use of bottom trawls and bottom ...

Deep-sea species and marine ecosystems are particularly sensitive to human activities. The European Parliament is now to finalise the adoption of a regulation aimed at sustainable deep-sea fishing activities, while freezing their zonal footprint and protecting vulnerable deep-sea ecosystems. This regulation is the outcome of lengthy negotiations between the EP and the Council, after both institutions rejected a 2012 Commission proposal to put a definitive end to the use of bottom trawls and bottom set nets in deep-sea fisheries in the north-east Atlantic.

Exchange of Views with Spain and Portugal on Possible Suspension of European Structural and Investment Funds - REGI-ECON on 8 November 2016

28-10-2016

Following the Council decision of 12 July 2016 establishing that Spain and Portugal did not take effective action under the Excessive Deficit Procedure, the Commission shall make a proposal to suspend, part or all, of the commitments or payments for the programmes related to the European Structural and Investment Funds for these two Member States. In this context, the European Parliament invited the Commission for a structured dialogue on 3 October 2016. Further to this dialogue, the European Parliament ...

Following the Council decision of 12 July 2016 establishing that Spain and Portugal did not take effective action under the Excessive Deficit Procedure, the Commission shall make a proposal to suspend, part or all, of the commitments or payments for the programmes related to the European Structural and Investment Funds for these two Member States. In this context, the European Parliament invited the Commission for a structured dialogue on 3 October 2016. Further to this dialogue, the European Parliament has invited for an exchange of views Luis de Guindos Jurado, Minister of Economy and Competitiveness of Spain and Mário Centeno, Minister of Finance of Portugal. This note is an updated version of an earlier EGOV analysis in the context of the above-mentioned structured dialogue. The cut-off date for information included in this analysis was 27 October 2016.

Structured Dialogue with the Commission on Suspension of European Structural and Investment Funds to Spain and Portugal

30-09-2016

Following the Council decision of 12 July 2016 establishing that Spain and Portugal did not take effective action under the Excessive Deficit Procedure, the Commission shall make a proposal to suspend, part or all, of the commitments and payments for the programmes related to the European Structural and Investment Funds for these two Member States. In this context, the European Parliament invited the Commission for a structured dialogue.

Following the Council decision of 12 July 2016 establishing that Spain and Portugal did not take effective action under the Excessive Deficit Procedure, the Commission shall make a proposal to suspend, part or all, of the commitments and payments for the programmes related to the European Structural and Investment Funds for these two Member States. In this context, the European Parliament invited the Commission for a structured dialogue.

Vicious circles: The interplay between Europe's financial and sovereign debt crises

06-06-2016

From 2007 a series of crises in the economic and financial sphere hit the European Union. These were partly linked and tended to amplify each other. Two of the hardest hitting, the financial and sovereign debt crises, were closely intertwined and put immense pressure on the euro area, stressing the financial sector and pushing Member State governments' budgets to their very limits. Several Member States lost access to the capital markets, and required financial assistance from both the euro area ...

From 2007 a series of crises in the economic and financial sphere hit the European Union. These were partly linked and tended to amplify each other. Two of the hardest hitting, the financial and sovereign debt crises, were closely intertwined and put immense pressure on the euro area, stressing the financial sector and pushing Member State governments' budgets to their very limits. Several Member States lost access to the capital markets, and required financial assistance from both the euro area and the IMF. Unlike the United States economy, the euro area economy has failed to bounce back from the economic crisis owing to its ongoing sovereign debt crisis. Although the initial shock of the financial crisis came from the United States of America, the crisis took a different twist in the euro area, which was not prepared for such an event. There were no proper crisis resolution mechanisms in place, nor were there sufficient budgetary margins available to save the banks and reinvigorate the economy without putting the sustainability of public finances in jeopardy. The Stability and Growth Pact, a central element of Economic and Monetary Union, had failed to produce the necessary fiscal margin. Problems were compounded by macroeconomic imbalances that had built up inside several Member States. The European Union fought on two parallel fronts: saving banks and supporting stressed sovereigns in order to extinguish the fire, while also correcting the framework with the aim of avoiding a recurrence of similar crises. Although the worst seems to be over, problems persist and a renewed flare-up is not impossible.

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