According to data released on 21 January by Eurostat, the EU statistical office, at the end of the third quarter of 2021, the government debt to GDP ratio in the euro area stood at 97.7%, compared with 98.3% at the end of the second quarter of 2021.
The euro area annual inflation rate was 5.0% in December 2021, up from 4.9% in November.
The French presidency of the Council of the European Union presented its priorities for economic and financial affairs for the first half of 2022 at the ECOFIN meeting on 18 January.
The Eurogroup meeting on 17 January held a thematic discussion on economic adjustment and resilience in terms of the recent performance of the euro area compared to its international peers.
“Today, I am pleased to announce good news for France. We believe that France has taken a major step towards receiving an important payment from our recovery plan NextGenerationEU. Once Member States have also given their green light, we will disburse €7.4 billion to France, under NextGenerationEU. France has indeed made swift progress in implementing its recovery plan, through crucial reforms and ambitious investments in energy renovation, innovation and youth employment. This is the beginning of a success made in France and supported by Europe.”
The European Commission has disbursed €271 million to Finland in pre-financing under the Recovery and Resilience Facility (RRF).
The European Commission has endorsed a positive preliminary assessment of France's payment request for €7.4 billion of grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
The special topic in this EBCI takes a look at detailed business survey data for individual branches so as to identify which activities have been most or least affected since the beginning of the COVID crisis. It turns out that sentiment among managers in contact-intensive services was hardest hit in the first two COVID-waves and, following a steep rebound in spring/summer, again took a hit in the current COVID wave. By contrast, business sentiment in industry has in almost all cases fully recovered from the steep fall suffered during the initial COVID wave.
An overview of economic developments in candidate and pre-candidate countries.
On 13 January, the Commission paid €1.9 billion to Romania in pre-financing of the loan component of its recovery and resilience plan (RRP).
Euro area annual inflation is expected to be 5.0% in December 2021, up from 4.9% in November according to a flash estimate from Eurostat, the EU statistical office.
Following a request by the Republic of Moldova, the Commission adopted a proposal on 4 January for a new Macro-Financial Assistance (MFA) operation of up to €150 million.
The Commission has received the first payment requests from Greece and Italy under the Recovery and Resilience Facility (RRF).
On December 27, the Commission made a first payment of €10 billion in non-refundable financial support (excluding pre-financing) to Spain under the Recovery and Resilience Facility (RRF).
Twenty years ago, on 1 January 2002, twelve EU countries changed their national currency banknotes and coins for the euro in the largest currency changeover in history.
“It is now twenty years that we, European people, can carry Europe in our pockets. The euro is not just one of the most powerful currencies in the world. It is, first and foremost, a symbol of European unity. Euro banknotes have bridges on one side and a door on the other – because this is what the euro stands for. The euro is also the currency of the future, and in the coming years it will become a digital currency too. The euro also reflects our values. The world we want to live in. It is the global currency for sustainable investments. We can all be proud of that.”
This paper provides an overview of recurrent property taxation in EU Member States and investigates ways in which recurrent property taxation can maintain economic efficiency, help reduce inequality and support environmental goals.
Did you know that the EIPP has changed to the InvestEU Portal? Being a part of the brandnew InvestEU Programme, the Portal continues as a one-stop-shop for EU projects offering a free, user-friendly database of projects by connecting project promoters with investors. Find out more on what is new.
This paper explores, through the use of the Commission’s data mining technology, whether media visibility of fiscal rules and fiscal councils has an impact on compliance with the EU fiscal rules.
The euro area annual inflation rate was 4.9% in November 2021, up from 4.1% in October. A year earlier, the rate was -0.3%.
