Views: 60Resilient fiscal policies are needed in the euro area and specifically in the EU states with high debt and deficit levels. Given the modern uncertainties, fiscal policies must be prepared to adapt quickly, with prudence in spending and readiness to respond to possible risks. Two main “sub-unions” play vital role: the Economic and Monetary […]
Category: Legislation
Household savings in the EU states: revised accounts
Views: 65EU’s institutions periodically revise the member states’ budget accounts and balance of payments in order to “harmonise” national finances. According to the EU’s recommendations, the member states are supposed to carry out a “benchmark revision” of their national accounts estimates in 2024.
European digital payments: “mobile wallets” and the Apple case
Views: 68European digital legislation ensures effective hardware and software’s interoperability and opens up competition in this sector, e.g. by preventing Apple from excluding other mobile wallets from the iPhone’s system. Now competitors are able to compete with Apple Pay for mobile payments in shops and Apple cannot keep other mobile wallets out of the market. […]
Climate change and the “green deal”: the EU at a cross-road
Views: 52The European climate objectives of the green deal are widely shared and consensual among the EU leaders and newly elected European legislators in the Parliament. Commission insisted that the goals of climate protection and nature conservation would remain unchanged for the next several years. After consultation with industry and farmers, the Commission has “proposed […]
EU financial services: digital perspectives
Views: 58Most productive EU-wide attention to digital-type financial services dates back to consultations on fin-tech in 2017 devoted to facilitating a more competitive and innovative European financial sector. Then around 2021, the central banks digital currency, CBDC has become a hot issue: several central banks around the world were considering options of adopting virtual currencies. […]
Managing low-carbon economy: main priorities and controversies
Views: 47The main pathways to low-carbon economic development, often called “deep decarbonization” proceed mainly through energy policy and nature conservation, sustainability and governance’s efficiency, etc. In essence, it is about consuming less energy, using available resources more efficiently in construction (both private and public), in transportation and industrial development.
Combining “green deal”, climate and environment issues: feasible options
Views: 49Two European Commissioners commented on the recent Council’s outcomes and acknowledged its conclusions on some vital issues, such as green deal, climate mitigation and the new EU-wide environmental action program. General opinion is that the conclusions have been timely and satisfactory efforts in the right direction.
Emission trading system in Europe: support for the member states
Views: 78The European Union has disbursed about €3 billion via the Modernisation Fund in order to finance about forty energy developing projects in 10 EU member states. These investments will support the modernisation of energy systems, reducing greenhouse gas emissions in the energy, industry and transport sectors, and improving energy efficiency.
European annual budget: priorities for 2025
Views: 84The Commission has proposed an annual EU budget of about €200 billion for 2025; besides, it will be complemented by approximately €72 billion of disbursements under the NextGenerationEU program. This substantial financial envelope is aimed at supporting the EU member states actions in meeting their political-economy’s priorities while integrating the changes agreed in the […]
Skilled workforce for net-zero development: European educational priorities
Views: 67EU strategic net-zero technologies manufacturing capacity is expected to reach about 40 percent of the member states’ deployment needs by 2030. European Net-Zero Industry Act foresees the creation of several “net-zero academies” focusing on specific technologies in order to ensure that the net-zero sectors in the states are having sufficient skilled workforce.