“The European economy faces a year of challenges. But if we remain united and pursue a coordinated policy response, we are well-placed to face them. The recommendation we put forward today for the euro area – soon to welcome Croatia as its twentieth member – offers a blueprint for such a response.”
The Commission has launched the 2023 European Semester cycle of economic policy coordination.
With today’s final payment, almost the entirety of the resources made available under SURE have been used: a testimony to the success of this ground-breaking model of which we are rightly proud.
This report by the European Commission monitors Greece’s economic, fiscal and financial situation following the end of enhance surveillance in August 2022, and assesses the specific reform steps as set out in the 14th enhanced surveillance report.
This report by the European Commission presents the findings of the 17th post-programme surveillance mission to Ireland and identifies remaining challenges.
This report by the European Commission presents the findings of the 13th post-programme surveillance mission to Cyprus and identifies remaining challenges.
This report by the European Commission presents the findings of the 18th post-programme surveillance mission to Spain and identifies remaining challenges.
Watch live: EU at COP27 - impact of climate change on public finances
EU Sustainable Investment Summit: highlights of 2022
After a strong first half of the year, the EU economy has now entered a much more challenging phase. The shocks unleashed by Russia's war of aggression against Ukraine are denting global demand and reinforcing global inflationary pressures.
“We want to put, at long last, growth and stability on the same level and to work effectively towards achieving both. That is in essence the challenge we have before us – and a pressing priority at the current critical juncture for our economies.”
The European Commission adopted a Communication on 9 November that describes orientations for a reformed EU economic governance framework.
On 7 November, the European Commission endorsed a positive preliminary assessment of Bulgaria's payment request for €1.37 billion in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
#EUatCOP27: consequences of extreme weather events
EIF Information session and masterclass on “Empowering equity – Investment in female representation” 5-6 December
On 26 October, the Commission endorsed a positive preliminary assessment of Cyprus' payment request for €85 million in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
On 27 October, the Commission disbursed a first payment of €2.6 billion (€1.8 billion in grants and €0.8 billion in loans, net of pre-financing) to Romania under the Recovery and Resilience Facility (RRF).
Building an economic governance framework fit for the challenges ahead
Following the European Council meeting of 20-21 October 2022, the Commission has proposed an unprecedented support package for Ukraine of up to €18 billion for 2023.
A payment of €21 billion (€10 billion in grants and €11 billion in loans, net of pre-financing) on 8 November was made possible by Italy's fulfilment of the 45 milestones and targets linked to the second instalment.
