Globalisation could potentially take many different forms but the best way to achieve a healthier, more sustainable globalisation is to improve national governance, Professor Dani Rodrik of the Harvard Kennedy School of Government said in his Distinguished ECFIN Lecture on globalisation in the ‘new normal’.
Europe is still in the midst of the coronavirus crisis but there are reasons to be optimistic about the recovery and the Commission’s chances for progress on key economic policy priorities, said EU Commissioner for the Economy, Paolo Gentiloni, at DG ECFIN’s Annual Research Conference.
The European Investment Bank (EIB) and GMP PROPERTY SOCIMI (Gmp), one of Spain's biggest real estate groups, are set to finance green investments in Madrid, reducing energy consumption and CO2 emissions in office buildings.
The European Commission has disbursed €14 billion to nine EU countries in the second instalment of financial support to Member States under the SURE instrument.
The eighth enhanced surveillance report for Greece issued on 18 November finds that, in spite of the adverse circumstances caused by the COVID-19 pandemic, the Greek authorities have taken the necessary actions to achieve the agreed commitments, delivering on a number of fundamental reforms.
The Commission has published its Opinions on the 2021 Draft Budgetary Plans (DBPs) of euro area Member States.
“Against the backdrop of an interrupted rebound and very high uncertainty, governments must continue to address the crisis and support the recovery. Most measures included in euro area countries' 2021 budgets rightly support economic activity. But a strong and balanced recovery depends on a swift entry into force of Next Generation EU: to rebuild confidence, relaunch investment, and push ahead with transformative reforms to preserve our planet, build fairer societies and make a success of digitalisation.”
The European Commission presented its autumn economic policy package on 18 November, including the Opinions on euro area Draft Budgetary Plans (DBPs) for 2021 and policy recommendations for the euro area.
This report by the European Commission presents the findings of the fourteenth post-programme surveillance mission to Spain and identifies remaining challenges for the Spanish economy.
This report by the European Commission presents the findings of the twelfth post-programme surveillance mission to Portugal and identifies remaining challenges for the Portuguese economy.
This report by the European Commission presents the findings of the thirteenth post-programme surveillance mission to Ireland and identifies remaining challenges for the Irish economy.
This report by the European Commission presents the findings of the ninth post-programme surveillance mission to Cyprus and identifies remaining challenges for the Cypriot economy.
This is the eighth enhanced surveillance report on Greece monitoring the commitments made by the Greek government at the Eurogroup of 22 June 2018.
“After the deepest recession in EU history in the first half of this year and a very strong upswing in the summer, Europe's rebound has been interrupted due to the resurgence in COVID-19 cases. Growth will return in 2021 but it will be two years until the European economy comes close to regaining its pre-pandemic level. In the current context of very high uncertainty, national economic and fiscal policies must remain supportive, while NextGenerationEU must be finalised this year and effectively rolled out in the first half of 2021.”
The Autumn 2020 Economic Forecast projects that the euro area economy will contract by 7.8% in 2020 before growing 4.2% in 2021 and 3% in 2022.
The European Investment Bank (EIB) announced on 30 October that it will provide Minoryx Therapeutics with up to €25 million to support development of breakthrough therapies in orphan neurodegenerative diseases for which there are currently no approved drugs available.
The Commission proposed an EU Directive on 28 October to ensure that workers in the Union are protected by adequate minimum wages allowing for a decent living wherever they work.
The European Commission is organising the Annual Research Conference on 13 November 2020.
In the third quarter 2020, seasonally adjusted GDP increased by 12.7% in the euro area and by 12.1% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the EU statistical office.
The European Commission has disbursed a total of €17 billion to Italy, Spain and Poland in the first instalment of financial support to Member States under the SURE instrument.
