On July 18th, the European Parliament backed the start of talks with the Council on the proposal for a digital euro, to ensure secure payments and reduce reliance on providers outside the EU. With 416 votes in favour, 169 against and 22 abstentions, Parliament authorised the opening of interinstitutional negotiations on the creation of the […]
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The Commission has approved Spain’s sixth payment request, worth EUR 5,700 million, under the NextGenerationEU programme
On 2 July, the European Commission gave partial approval to Spain’s sixth payment request, worth EUR 5,700 million, under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. At the same time, it has approved a payment for two milestones that had previously been suspended under the fifth payment request. This is an important step […]
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Simplifying EU regulations to support competitiveness.
Simple and clear rules are vital for a strong European economy. They help businesses attract investment, grow and create quality jobs, while also saving citizens time and money. The European Commission has presented two new omnibus proposals as part of its wider efforts to cut red tape and boost Europe’s competitiveness: Energy products: this proposal […]
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The Convergence Report examines Member States’ progress towards joining the euro area
On 24 June, the European Commission published the 2026 Convergence Report, which assesses the progress made by Member States outside the euro area towards adopting the euro. More than 27 years after the introduction of the single currency, the euro has become a powerful symbol of Europe’s identity in the world. It is now the […]
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Commission adopts temporary adjustments to Basel III Market Risk Rules to safeguard EU banks’ competitiveness
To ensure that the EU banking sector benefits from a level playing field with international competitors, the European Commission has introduced targeted, time-limited amendments to its implementation of the new market risk capital framework for banks. The measures will apply for three years from 1 January 2027. The Fundamental Review of the Trading Book (FRTB), part […]
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The Commission fines Temu €200 million for breaching the Digital Services Act
The European Commission has fined Temu €200 million under the Digital Services Act (DSA). The company failed to properly identify, analyse or assess the systemic risks arising from the sale of illegal products on its platform and the resulting harm to consumers in the European Union. The evidence available to the Commission indicates that it […]
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The Commission is seeking comments on the functioning of EU rules on crypto-assets
The European Commission has launched a consultation to gather feedback from stakeholders and the general public on the functioning of the EU’s regulatory framework for crypto-assets, the Markets in Crypto-assets Regulation (MiCA). As crypto-asset markets and the broader policy landscape continue to evolve, the Commission is assessing whether the current framework remains fit for purpose. […]
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The Commission adopts a temporary state aid framework to support sectors affected by the crisis in the Middle East
The European Commission has adopted a temporary state aid framework to enable Member States to support the EU economy in the context of the Middle East crisis. The Temporary Framework for State Aid Measures in Response to the Crisis in the Middle East (METSAF) is a specific, temporary framework designed to address the effects of the […]
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EU long-term budget: MEPs call for a 10% increase to support the EU’s priorities
On Wednesday, MEPs confirmed their negotiating position on the EU budget for the period 2028–2034, including a breakdown of the amounts they wish to allocate to each EU funding programme. The EU budget for the period 2028–2034 (the multiannual financial framework – MFF) should be set at 1.27% of the EU’s gross national income (GNI), […]
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