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Ireland's National Recovery and Resilience Plan (NRRP) is small compared with most Member States' plans. In absolute terms and per capita, it has the second smallest allocation (after Luxembourg) under the Recovery and Resilience Facility (RRF). Following the European Commission's update of national allocations, the initial €989 million allocation has been adjusted to €914.4 million in grants, to be disbursed in five instalments. Ireland has not yet submitted a REPowerEU chapter. It asked to amend ...

Spain's National Recovery and Resilience Plan (NRRP) is the second largest (in absolute figures) financed by the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF). Following the October 2023 amendment of the Spanish NRRP, to which a REPowerEU chapter was added, the plan's worth reached €163 billion (or 13.1 % of national gross domestic product (GDP) in 2019), which is an increase of roughly 135 % compared with the original (2021) ...

This document compares the draft 2023 Country Specific Recommendations (CSRs) proposed by the Commission on 24 May 2023 with the 2023 CSRs approved by the Council on 16 June 2023. The Council will finally adopt the recommendations in July.

In July 2022, the European Commission published its third annual rule of law report, which contains an individual chapter for each of the 27 EU Member States. In contrast to the rule of law reports from 2020 and 2021, this latest one makes country-specific recommendations to all Member States, something the European Parliament had been repeatedly calling for. This brings the rule of law report into closer alignment with the European Semester – as acknowledged by the third report itself. From originally ...

In absolute figures, Italy's Recovery and Resilience Plan is the largest national plan under the unprecedented EU response to the crisis triggered by the coronavirus pandemic. Italy has decided to use its entire national allocation under the Recovery and Resilience Facility (RRF), including its loan component (€122.6 billion). Totalling €191.5 billion, these resources represent 26.5 % of the entire RRF, equal to 10.7 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of ...

This note gives a short overview of the main steps in the framework of euro area Member States’ budgetary policy coordination and surveillance during the autumn cycle of the European Semester. This enhanced monitoring and surveillance of euro area Member States’ budgetary policies is done in accordance with EU law. It aims to identify and correct at an early stage during the Semester cycle any risks of deviation from fiscal policy recommendations agreed by the Member States, ultimately by asking ...

This briefing aims to contribute to the debate on the review of the economic governance framework by drawing lessons from the implementation of the existing provisions, assessing the parliamentary accountability of the EU executive actors and providing specific policy recommendations on its reform.

This document presents: • The 2022 CSRs adopted by the Council, in the framework of the European Semester, on 17 June 2022 and • The 2021 fiscal recommendations adopted by the Council on 18 June 2021, • The 2020 CSRs adopted by the Council, in the framework of the European Semester, on 20 July 2020, • The 2019 Country-Specific Recommendations (CSRs) adopted by the Council on 9 July 2019, • The European Commission’s assessments of the implementation of the 2019, 2020 and 2021 CSRs based on its ...

This paper documents the relevance of Institutional Protection Schemes (IPSs) in the European banking market, and it discusses some drawbacks of the current practice of recognizing some IPSs as a deposit guarantee scheme as well as possible options for regulatory reform.

This note looks at the 2022 recommendation on the economic policies of the euro area proposed by the Commission and agreed by the Council. It also provides an overview of the follow up of the 2021 recommendations, making use of public information and based on proxies such as on how the Eurogroup has integrated euro area recommendations’ concerns in their “thematic discussions” and work programmes. In addition, the note provides a review of the euro area recommendations from an institutional perspective ...