The European Investment Bank (EIB) has signed a new agreement with Banco Sabadell under the Pan-European Guarantee Fund (EGF), which is part of the €540 billion package of measures with which the European Union is responding to the economic impact of COVID-19. The EIB will provide Banco Sabadell with a guarantee of up to €300 million to finance […]
Read MoreReducing unemployment: EU policies explained
After uneployment in the EU had steadily increased since 2013, the Covid-19 pandemic led to a rise in 2020. Find out how the EU works to reduce unemployment and fight poverty. Although EU labour market conditions and workers’ rights have significantly improved in recent years, the fight against unemployment and the consequences of the Covid crisis remain […]
Read MoreNew VAT rules for e-commerce in the EU
New value added tax (VAT) rules for online shopping came into force this week. This development comes in the context of efforts to ensure a more level playing field for all businesses, simplify cross-border e-commerce and introduce greater transparency for EU shoppers in terms of prices and choice. The EU VAT system was last updated […]
Read MoreEuropean Commission endorses Spain’s recovery and resilience plan
The European Commission has adopted a positive assessment of Spain’s recovery and resilience plan. This is an important step towards the EU disbursing €69.5 billion in grants under the Recovery and Resilience Facility (RRF) over the period 2021-2026. This financing will support the implementation of the crucial investment and reform measures outlined in Spain’s recovery […]
Read More22 billion euros in new European Partnerships for social challenges
Today, the Commission launched 11 new European Partnerships together with industry, to boost investments in research and innovation and to overcome major climate and sustainability challenges, towards making Europe the first climate neutral economy and delivering on the European Green Deal. In line with the goals of the ‘twin’ green and digital transition, the Partnerships […]
Read MoreBrexit Adjustment Reserve: MEPs want swift disbursement of €5 billion fund
Parliament is now ready to negotiate with Council the details of the fund to help EU countries to counter the adverse consequences of the UK’s withdrawal. Support focused on countries and sectors worst affected by Brexit Eligibility period covers investments made from 1 July 2019 to 31 December 2023 Banking and financial sectors are excluded […]
Read MoreLarge investors vs Bankia
The Court of Justice of the European Union (CJEU) ruled on 3 June that qualified investors can also hold Bankia (now part of CaixaBank) liable for inaccuracies contained in the brocure for its IPO in 2011, as it did not reflect the bank’s accounting reality. The case pits Bankia against Unión Mutua Asistencial de Seguros […]
Read MoreIs the European Commission up to the task?
MEPs want the European Commission to prove it’s up to the task of defending the EU budget from member states violating the rule of law principle. MEPs will discuss the application of the rules adopted in 2020 linking the disbursement of EU funds to member states respecting the rule of law and EU values […]
Read MoreIs a circular economy possible by 2050?
Find out about the EU’s circular economy action plan and what additional measures MEPs want to reduce waste and make products more sustainable. A circular economy will reduce CO2 emissions, stimulate economic growth and create jobs. If we keep on exploiting resources as we do now, by 2050 we would need the resources of three […]
Read More