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 MoreEurojust supports Spanish action against massive VAT fraud
Eurojust has supported an operation against large-scale VAT fraud, money laundering and forgery of documents, which have cost the Spanish tax authorities EUR 26 million in missed revenues In record time, the Agency coordinated the judicial cooperation with Slovakia, Belgium and the Netherlands to halt the fraud scheme. The scammers had set up a series […]
Read MorePost-COVID aid: Spain to receive 36.6 million euros
Whilst approving the new aid, MEPs called on the Commission to simplify the EU Solidarity Fund to ensure it can respond to climate change and more frequent natural disasters. Parliament agreed to mobilise €397.5 million from the European Union Solidarity Fund (EUSF) to help 17 member states and three accession countries to safeguard public health […]
Read MoreNearly 70 billion euros in Spain’s Recovery Plan
The Commission has received official recovery and resilience plans from Denmark, Spain, Latvia and Luxembourg. The Recovery, Transformation and Resilience plan aims to provide €672.5 billion in loans and grants to support reforms and investments undertaken by Member States. The aim is to reduce the economic and social impact of the coronavirus pandemic and to […]
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