The European Commission welcomed the European Parliament's vote on 9 March, confirming the political agreement on InvestEU reached in December 2020.
“For 2022, it is clear that fiscal support will still be necessary: better to err towards doing too much rather than too little. At the same time, fiscal policies should be differentiated according to the pace of each country's recovery and their underlying fiscal situation. Crucially, as funding from Next Generation EU begins to flow, governments should ensure that national investment spending is preserved and strengthened through EU grants.”
The European Commission adopted a Communication on 3 March that provides Member States with broad guidance on the conduct of fiscal policy in the period ahead.
This Economic Brief looks at the role of factors other than price which influence the competitiveness of French exports.
This annual report presents a review of key policy developments and analytical findings in the area of public finances.
Focussing on the euro area, QREA Volume 20 N. 1 (2021) examines the structural economic impact of the COVID-19 pandemic. It also looks at climate change and mitigation, as well as the fiscal policy implications of uncertain fiscal outcomes, and the economic benefits of the euro.
“The EU economy should return to pre-pandemic GDP levels in 2022, earlier than previously expected – though the output lost in 2020 will not be recouped so quickly, or at the same pace across our Union. This forecast is subject to multiple risks, related for instance to new variants of COVID-19 and to the global epidemiological situation. On the other hand, the impact of Next Generation EU should provide a strong boost to the hardest-hit economies over the coming years, which is not yet integrated into today's projections.”
The Winter 2021 Economic Forecast issued on 11 February projects that the euro area economy will grow by 3.8% in both 2021 and 2022, while the EU economy will grow by 3.7% in 2021 and 3.9% in 2022.
Europe remains in the grip of the coronavirus pandemic. The resurgence in the number of cases, together with the appearance of new, more contagious strains of the coronavirus, have forced many Member States to reintroduce or tighten containment measures. At the same time, the start of vaccination programmes throughout the EU provides grounds for cautious optimism.
In the fourth quarter of 2020, seasonally adjusted GDP decreased by 0.7% in the euro area and by 0.5% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the EU statistical.
A first cooperation between the EIB Group and Deutsche Leasing Romania will help to unlock €370 million in private sector financing to strengthen investment by Romanian companies active in sectors affected by COVID-19.
The European Commission has disbursed €14 billion to nine Member States in the fourth instalment of financial support under the SURE instrument.
The European Commission welcomed the European Parliament's vote on 10 February approving the Recovery and Resilience Facility (RRF) Regulation.
The Debt Sustainability Monitor 2020 provides an overview of the fiscal sustainability challenges facing EU Member States over the short, medium and long term.
This paper provides an empirical analysis of the main direct and indirect transmission channels of financial spillovers and contagion risks in the euro area.
In December 2020, the euro area annual inflation was -0.3% for the fourth consecutive month.
The European Investment Bank (EIB) and the Thuringian Development Bank, Thüringer Aufbaubank (TAB) signed a grant agreement on 14 January under which the European Investment Advisory Hub will provide a grant of up to €500,000 to Thüringer Aufbaubank (TAB) to strengthen municipal support for investment projects in priority sectors such as energy and resource efficiency, the circular economy and green urban development.
As the second wave of the pandemic continues, jobs and businesses across Europe are being hit hard. However, many workers have been cushioned from the worst of the economic fallout by government job retention schemes that keep people in work.
The European Commission presented a new strategy on 19 January to stimulate the openness, strength and resilience of the EU's economic and financial system in the years to come.
At an informal video conference on 19 January EU economic and finance ministers exchanged views on the implementation of the Recovery and Resilience Facility.
