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The rule of law Conditionality Mechanism is a new instrument that entered into force in January 2021. It allows the EU to take measures in cases of breaches of the rule of law principles that affect or seriously risk affecting the sound financial management of the EU budget or the EU’s financial interests in a sufficiently direct way. This study discusses the potential scope of application of this new mechanism. In particular, it analyses how it can be used either as an alternative to, or in combination ...

On 30 November 2022, 12 years after the adoption of the first strategy on the EU's role in global health in 2010, the European Commission unveiled the EU global health strategy with the overarching goal of improving global health security and ensuring better health for all. The document takes stock of lessons learnt from the pandemic and guides EU action in an evolving landscape of threats and opportunities, including towards reasserting responsibility for attainment of the United Nations Sustainable ...

The global investment gap between high-income and low- and middle-income countries has been widening in recent years, even more so in the aftermath of the double crisis caused by the pandemic and Russia's invasion of Ukraine. This divergence and underfunding are also negatively affecting global connectivity, which requires substantial financial resources for both its expansion and its maintenance. This is important for recovery from the current crisis, as the modern world is based on multifaceted ...

The last regular European Council meeting of 2022 is scheduled to take place on 15 December, and to deal with the main topics of this year: Russia's war of aggression against Ukraine, security and defence, energy and the economy. On Russia's war on Ukraine, EU leaders are likely to reiterate their commitment to political and military support to Ukraine. Energy and the economy are purposely due to be dealt with together, to contain the discussion and to avoid a debate on setting up additional EU funding ...

In December 2021, the European Commission presented a proposal for an amendment of Regulation 2020/2093 on the multiannual financial framework (MFF) for the years 2021 to 2027. The proposed targeted revision has the following purposes: a) to raise the MFF ceilings to incorporate the social climate fund; and b) to introduce an automatic annual adjustment of the MFF ceilings based on new own resources, to allow for the repayment of Next Generation EU borrowing. On 31 August, the Committee on Budgets ...

Entrepreneurial literacy and skills (ELS) empower European citizens to act on economic opportunities and enable them to adequately respond to ongoing impactful changes, such as the green transition, the ageing workforce and the digitalisation. This research paper analyses relevant empirical indicators of ELS, highlights the role of underrepresented groups in entrepreneurship and discusses EU-funded mechanisms in relation to ELS. The research paper concludes with recommendations on policy-making in ...

This initiative focuses specifically on the issue of economic coercion and the EU's possible response, aiming to preserve the EU's open strategic autonomy and policy-making space. The IA clearly defines the problem, its underlying causes, and the objectives to address it. The creation of a new legal instrument to deter and counteract economic coercion is the only type of option retained for analysis. This presumably follows on from the political commitment made in early 2021 (although this is not ...

This study provides an analysis and assessment of EU tools to respond to natural disasters. Particular attention is paid to the European Union Solidarity Fund and the potential synergies and overlaps with other EU instruments including the Emergency Aid Reserve, the EU Civil Protection Mechanism as well as Cohesion Policy. Also, the recent modifications to the EUSF including the extension to address major public health emergencies as well as the modifications linked to the 2021-2027 programming period ...

Central banks attach great importance to inflation expectations. Households’ and firms’ expectations about the future path of inflation affect wage and price setting as well as consumption and investment decisions. Financial market participants’ expectations are relevant because they influence financial prices and financing conditions. Inflation expectations “anchored” around the inflation target are seen as a pre-condition for maintaining price stability and credibility of the central bank. Starting ...

The Media Action Plan released by the European Commission in December 2020 is the first policy document explicitly setting out a vision and dedicated initiatives for the news media sector. This paper discusses the current situation of the sector and its revenue streams, the important impacts of the COVID-19 pandemic, and the main public and private funding models to support the sector.