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In 2023, the EU celebrated the 30th anniversary of the single market. Recent shocks have shown not only how vulnerable to crises the single market is, but also the extent to which the EU economy relies on a well-functioning single market. It is now considered to be a key driver of EU resilience. In September 2022, the Commission put forward a single market emergency instrument (SMEI) package. It includes one main proposal for a regulation establishing a SMEI, and two accompanying proposals amending ...

The full study presents recommendations, drawing on several scenarios, for how the EU budget could be recast to enable it to be more agile and responsive in dealing with new and future challenges requiring EU-level expenditure or lending.

This research paper provides a comprehensive analysis of the impact of national tax measures implemented in response to the COVID-19 pandemic, with the aim of ensuring an appropriate assessment and providing policy recommendations to effectively address future crises. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Subcommittee on Tax Matters (FISC).

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, examines the fiscal responses of the EU to the Covid-19 pandemic and the war in Ukraine. It claims that the law & policy tools developed to address these crises have led to the establishment, and consolidation, of an EU fiscal capacity – contributing to overcoming the original imbalance of the EU’s Economic & Monetary Union. Nevertheless, the ...

Single market emergency instrument

Na kratko 06-09-2023

In September 2022, the Commission presented a single market emergency instrument (SMEI) package. During its September 2023 plenary session, the Parliament is expected to vote on the report adopted in July by its Committee on the Internal Market and Consumer Protection (IMCO). The report as voted would then form Parliament's position for negotiations with the Council, which has recently adopted its position.

The European Parliament started monitoring future shocks during the coronavirus crisis, and has continued to do so during Russia's unprecedented war on Ukraine. The annual 'Future Shocks' series reviews global risks, with a focus on specific risks and the capabilities and resilience of the EU system in the face of multiple challenges. It seeks to provide up-to-date, objective and authoritative information on these risks, based on risk literature from a broad range of sources. 'Future Shocks' includes ...

The EU has the world's largest single market. Home to 345 million people when it was launched in 1993, it now numbers 447 million consumers and 23 million companies, and covers a considerable range of policy areas. This year, the single market is celebrating its 30th anniversary. While the single market generates many jobs and considerable economic benefits, many hurdles remain. In March 2020, the Commission identified the top 13 barriers to cross-border activity (such as red tape), and the five ...

Open strategic autonomy is about ensuring that the EU has the capacity to cope alone if necessary but without ruling out cooperation whenever possible. It goes some steps beyond smart supply chain management by taking into account geopolitics as well as economic factors. It relies on foresight to identify threats and ensures resilience by anticipating the required responses. Could the resulting preparedness also prevent crises by normalising situations that would otherwise become emergencies?

This paper examines the evolving notion of crisis response, how it is currently addressed by the EU budget under heading 6 of the 2021-2027 Multiannual Financial Framework (amounts and instruments/programmes) and how it may continue to be addressed in the future.

These proceedings summarise the presentations and discussions during the workshop on ‘COVID-19: EU Preparedness and Response’, held on 8 March 2023. The five presentations touched, inter alia, upon the impact of COVID-19 at EU level, and how the EU has been prepared, how it responded to that crisis, and the lessons learned following the pandemic. These workshop proceedings were provided by the Policy Department for Economic, Scientific and Quality of Life Policies for the Special Committee on COVID ...