To relaunch and strengthen the strategic partnership between the European Union and its Southern Neighbourhood partners, the European Commission and the High Representative today adopted a joint communication proposing an ambitious and innovative new Agenda for the Mediterranean. The new Agenda is based on the conviction that by working together and in a spirit of partnership, common challenges can be turned into opportunities, in the mutual interest of the EU and its Southern neighbours. It includes a dedicated Economic and Investment...

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Interview with Le Journal du Dimanche | There’s been a glut of bad news throughout Europe recently. How can we hold to the economic projections? Uncertainties are indeed multiplying. As far as the economists at the ECB can remember, there have never been as many. Our projections are published every three months. One way of preserving a degree of optimism despite the current circumstances is simply to think back to the ECB’s projections released in September 2020 and the multiple uncertainties...

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Decision follows successful completion of pilot phase First round of survey results to be published on 18 June 2021 Survey runs eight times a year, ahead of each Governing Council monetary policy meeting The European Central Bank (ECB) announces today that it will begin publishing aggregate results of its Survey of Monetary Analysts (SMA) in June 2021. The survey, an ECB staff-level exercise, collects information on market participants’ expectations about the future evolution of key monetary policy parameters, financial...

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Today, the Commission opened infringement procedures against 24 Member States for failing to enact new EU telecom rules. The European Electronic Communications Code modernises the European regulatory framework for electronic communications, to enhance consumers' choices and rights, for example by ensuring clearer contracts, quality of services, and competitive markets. The Code also ensures higher standards of communication services, including more efficient and accessible emergency communications. Furthermore, it allows operators to benefit from rules incentivising investments in very-high capacity networks, as well...

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The Commission presented today its SAMIRA Action Plan – the Strategic Agenda for Medical Ionising Radiation Applications. The Plan will improve EU coordination, ensure that radiological and nuclear technologies continue to benefit the health of EU citizens, and contribute to the fight against cancer and other diseases. This Action Plan is the first follow-up to Europe's Beating Cancer Plan, adopted by the Commission on 3 February. Commissioner for Energy, Kadri Simson, said: “The current pandemic has reminded us all of the importance of health and the need to...

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This article is part of a series in which OECD experts and thought leaders — from around the world and all parts of society — address the COVID-19 crisis, discussing and developing solutions now and for the future. | Originally delivered as a speech by Angel Gurría, Secretary-General of the OECD, to open the 11th Meeting of the Inclusive Framework on BEPS, which took place on 27-28 January 2021. | Looking back at the past 15 years, the OECD’s efforts to transform the international landscape stand out as...

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Eurosystem agrees on common stance for climate change-related sustainable and responsible investment principles for euro-denominated non-monetary policy portfolios Common stance promotes disclosures and understanding of climate-related risks Eurosystem aims to start climate-related disclosures for these types of portfolios within two years The Eurosystem central banks – the 19 national central banks of the euro area countries and the European Central Bank (ECB) – have defined a common stance for applying sustainable and responsible investment principles in the euro-denominated non-monetary...

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Find out about the EU’s circular economy action plan and what additional measures MEPs want to reduce waste and make products more sustainable. If we keep on exploiting resources as we do now, by 2050 we would need the resources of three Earths. Finite resources and climate issues require moving from a ‘take-make-dispose’ society to a carbon-neutral, environmentally sustainable, toxic-free and fully circular economy by 2050. The current crisis highlighted weaknesses in resource and value chains, hitting SMEs and industry. A circular economy will cut...

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Euro area countries have relied extensively on fiscal policy to counter the harmful impact of the coronavirus (COVID-19) pandemic on their economies. They have implemented a broad range of measures, some with an immediate budgetary impact and others, such as liquidity measures, which, in principle, are not expected to cause an immediate deterioration in the fiscal outlook. Since all euro area countries were hit by the economic shock largely through the same channels, their fiscal responses in the early...

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