Italian and Spanish authorities have seized nearly 50 properties and provisionally arrested 13 persons as the result of a Eurojust-coordinated operation against money laundering, tax evasion and corruption in Italy’s northwestern province of Cuneo and Malaga province in Spain. Eurojust supported the setting up of a joint investigation team (JIT) which led to a series of actions […]
Read MoreCommission takes further steps to foster the openness, strength and resilience of Europe’s economic and financial system
The European Commission today presented a new strategy to stimulate the openness, strength and resilience of the EU’s economic and financial system for the years to come. This strategy aims to better enable Europe to play a leading role in global economic governance, while protecting the EU from unfair and abusive practices. This goes hand in hand […]
Read MoreEurojust supports fight against fuel tax fraud in Germany and 10 other countries
A major tax swindle involving sales of fuels has been brought to an end by the German authorities, with international judicial support in 11 European countries coordinated by Eurojust. During an action day, two suspects were arrested in Austria and Poland, allegedly the leaders of a criminal network that defrauded the German tax authorities of […]
Read MoreEIB and Banca March support spanish companies affected by the COVID-19 crisis
The EIB Group will provide a total of €270 million to Banca March via three agreements, to mobilise over €600 million for Spanish companies. The European Investment Bank (EIB) and Banca March are joining forces once again to support the economic recovery of Spanish small and medium-sized enterprises (SMEs – up to 250 employees), mid-caps (between 250 […]
Read MoreMultiannual financial framework for 2021-2027 adopted
Following the European Parliament’s consent, the Council has adopted the regulation laying down the EU’s multiannual financial framework for 2021-2027. The regulation provides for a long-term budget of €1 074.3 billion for the EU27 in 2018 prices, including the integration of the European Development Fund. Together with the Next Generation EU recovery instrument of €750 […]
Read MoreEurogroup Statement on the Draft Budgetary Plans for 2021
The Eurogroup discussed the overall budgetary situation and prospects in the euro area, and reviewed the economic and fiscal situation of the euro area member states. The outcome of this discussion is reflected in the next Eurogroup statement. The Eurogroup welcomes the Commission’s analysis of the budgetary situation in the euro area as a whole […]
Read MoreNew EU financial assistance to address the situation on the Canary Islands
The Commission announced new funding of €43.2 million to Spain to address the needs on the Canary Islands arising from high numbers of people arriving irregularly – some 20,000 people this year. The funding will go towards increasing temporary shelter capacity and improving reception conditions, including access to health assistance, food and sanitation. Financial support […]
Read MoreEurogroup reaches agreement on European Stability Mechanism reform
Main results of the video conference of the Eurogroup, 30 November 2020 Inclusive format Reform of the European Stability Mechanism (ESM) The Eurogroup agreed to proceed with the reform of the European Stability Mechanism (ESM): to sign the revised ESM treaty and to launch its ratification. Among other things, the reform establishes a common backstop […]
Read MoreEuropean Semester Autumn Package
The European Commission presented its autumn economic policy package, including the Opinions on euro area Draft Budgetary Plans (DBPs) for 2021 and policy recommendations for the euro area. This is the second step in the 2021 European Semester cycle, which started in September with the publication of the Annual Sustainable Growth Strategy (ASGS) with the concept of […]
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