Economic and Financial Affairs

ECFIN Newsletter

Follow us |

In this issue

Top story

Viewpoint

News

Speeches

Events and notices

Top story

Outcome of March 2024 Eurogroup meeting

The Eurogroup adopted a statement on the fiscal policy orientation for 2025 and on the future of the Capital Markets Union.

Viewpoint

Paolo Gentiloni, Commissioner for Economy

“The much-needed fiscal adjustment should not lead to investment cuts. This is a really difficult balance to find. We must not repeat the mistakes of a decade ago. In this context, it is key to note that financing from the RRF will continue to support investment and other growth-enhancing spending. Expenditure financed by RRF grants and other EU funds is set to provide fiscal support by around half a percentage point of GDP at the euro area level in 2024 and 2025. But this must complement and not substitute nationally financed investment.”

News

Commission endorses positive preliminary assessment of Estonia's second payment request for €122.3 million under the Recovery and Resilience Facility

The Commission has endorsed a positive preliminary assessment of Estonia's second payment request for €122.3 million under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. The payment request covers the delivery of 11 reforms and six investments in the areas of digitalisation, sustainable mobility, clean energy and energy efficiency, healthcare, long-term care, and social protection.

InvestEU backs European Investment Fund support to France Active for the social economy

France Active and the European Investment Fund are strengthening their cooperation in the service of a more inclusive economy, with the support of the InvestEU programme. The agreements will help to support access to finance for social enterprises and entrepreneurs without access to financing.

InvestEU backs €100 million European Investment Bank loan for renewable hydrogen in Germany

The InvestEU programme is backing a European Investment Bank (EIB) loan agreement worth up to €100 million with Germany-based Sunfire, to advance its development of solid oxide electrolysers for renewable hydrogen production in industrial settings. This agreement will support Europe's decarbonisation, especially in high energy-consuming sectors like chemicals and steel.

Speeches

Remarks by Commissioner Gentiloni at the Eurogroup press conference

		We know that completion of the Capital Markets Union remains a long-term project, but urgent and decisive action is needed now to make real progress, starting with the finalisation of the proposals that are still under discussion.

Save the date: Brussels Economic Forum, 16 May 2024

🗓️ Save the date for the European Commission’s Brussels Economic Forum on 16 May 2024. Join us in Brussels or online for a day of debates and networking with speakers and participants from across the world.

This newsletter is published by the European Commission's Directorate General for Economic and Financial Affairs. The Directorate‑General for Economic and Financial Affairs is the Commission department responsible for EU policies promoting economic growth and recovery, higher employment, stable public finances and financial stability.

Visit our websites:

Directorate General for Economic and Financial Affairs
Economy and Finance
Economic and Financial Affairs newsletter archive
Commissionner Gentiloni

Subscribe | Unsubscribe | Legal notice

The European Commission is committed to personal data protection. Any personal data is processed in line with the Regulation (EU) 2018/1725. Please read the privacy statement

The European Commission is committed to personal data protection. Any personal data is processed in line with the Regulation (EU) 2018/1725. Please read the privacy statement.