To back up its commitment to becoming the first climate-neutral bloc in the world by 2050, the EU has presented the European Green Deal Investment Plan – the Sustainable Europe Investment Plan.
The European Investment Bank (EIB) announced on 12 December that it will provide €100 million of financing to help implement the five-year investment plan of the Acsm Agam Group in Italy.
At a European Council meeting on 12-13 December, EU leaders endorsed the objective of making the EU climate-neutral by 2050, in line with the Paris Agreement.
Meeting on 13 December, euro area leaders welcomed the progress made by EU finance ministers in the Eurogroup on the deepening of the Economic and Monetary Union and took note of the letter of the President of the Eurogroup of 5 December 2019.
The von der Leyen Commission launched a new European Semester cycle on 16 December, the first of its mandate.
“The European Green Deal is our new growth strategy – for a growth that gives back more than it takes away. It shows how to transform our way of living and working, of producing and consuming so that we live healthier and make our businesses innovative. We can all be involved in the transition and we can all benefit from the opportunities. We will help our economy to be a global leader by moving first and moving fast.”
On 10 December, the European Commission presented the European Green Deal – a roadmap for making the EU's economy sustainable by 2050 by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all.
As 2019 comes to a close, we would like to take this opportunity to thank you for your support in this past year. The year in numbers: the European Investment Project Portal (EIPP) currently features nearly 950 investment projects, almost double, compared to end-2018. The projects are from all EU Member States and various economic areas, with the knowledge and digital economy sector in the lead. The top countries where the projects come from are Germany and Spain, as well as Italy and France. The total investment proposed on the EIPP amounts to EUR 66 billion.
Five outstanding projects published on the European Investment Project Portal (EIPP) have been selected to be promoted by the European Commission. The promotional videos will be released starting with January 2020. Who are those companies whose projects became successful thanks to the help of EIPP?
The European Investment Bank (EIB) and GO p.l.c. (GO) signed a €28 million loan on 27 November to finance GO's investments in telecommunication infrastructure.
European Commission staff, in liaison with staff from the European Central Bank, visited Dublin from 19-21 November for the twelfth post-programme mission to Ireland.
Meeting on 4 December, euro area finance ministers welcomed that all 19 Member States have submitted Draft Budgetary Plans (DBPs) for 2020, and that no DBP was found in particularly serious non-compliance with the Stability & Growth Pact (SGP).
More than three in four citizens think that the single currency is good for the European Union, according to the latest Eurobarometer results.
“This [the House of European history] shows the road that has led us here. It shows the treasure that we have inherited. A continent in peace. The liberation from tyranny. A single market with unprecedented economic opportunities. Greater rights and liberties than in any other place in the world.”
On Sunday, 1 December, the von der Leyen Commission took office. Ursula von der Leyen, President of the European Commission, attended a ceremony at the House of European History in Brussels on Sunday, to mark the 10th anniversary of the Treaty of Lisbon.
The global economy is undergoing profound structural changes including a decline in trade and investment, slower growth in China, digitalisation, and climate change. How should Europe adapt? A panel of distinguished economists discussed their recommendations.
The current EU fiscal framework was designed to mitigate the consequences of high debt but if interest rates are set to remain low for a long time, the balance between the external risks and benefits of debt have arguably changed. Are the EU’s fiscal rules still appropriate? And if not, how should we revisit them? Peterson Institute for International Economics Senior Fellow, Olivier Blanchard, presented his thought-provoking views on how the EU fiscal framework should consider demand externalities, public investment and a shift from rules to standards.
Markets have become more concentrated over the last 20 years in both the US and the EU but the nature, degree and causes of concentration in the two regions are quite different. Professor Thomas Philippon, Professor of Finance at New York University Stern School of Business and author of the recent and widely well-received book ‘The Great Reversal,’ presented his analysis.
Capitalism is the only system we know that can deliver rising prosperity but it cannot be left on autopilot since it periodically derails, said Sir Paul Collier. We are living through such a period of derailment now and policymakers need to step in to adjust the widening rifts in our society between metropolitan and rural communities, advanced and poor countries, and high and low skilled workers.
