The Council adopted three pieces of legislation that will reform the EU’s economic and fiscal governance framework. The main objective of the reform is to ensure sound and sustainable public finances, while promoting sustainable and inclusive growth in all member states through reforms and investment. “The new legislation will significantly improve the existing framework and provide effective and applicable […]
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European Commission sends Statement of Objections on proposed takeover of Air Europa by IAG
The European Commission has informed International Consolidated Airlines Group, S.A. (‘IAG‘) of the Commission’s preliminary view that IAG’s proposed acquisition of sole control of Air Europa Holding, S.L. (‘Air Europa‘) may restrict competition in the market for passenger air transport services, in particular for routes within, to and from Spain. The Commission is concerned that […]
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April infringement package: main decisions for Spain
The main decisions adopted by the Commission for Spain are presented below, grouped by policy area. Internal Market, Industry, Entrepreneurship and SMEs Commission urges BULGARIA, SPAIN and ROMANIA to comply with public procurement legislation The European Commission has decided to pursue infringement proceedings by sending a letter of formal notice to Romania [INFR(2023)2114] and by […]
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New EU fiscal rules approved by MEPs
MEPs approved a revamp of EU fiscal rules making them clearer, more investment friendly, better tailored to each country’s situation, and more flexible. The new rules, approved on Tuesday, were provisionally agreed upon between European Parliament and member state negotiators in February. Focus on investments MEPs significantly beefed up the rules to protect a government’s capability to […]
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European Commission backs Spain’s request for a targeted review of its recovery plan
The Commission yesterday endorsed Spain’s request for a specific revision of its Recovery and Resilience Plan, which Spain had submitted to the Commission on 19 March 2024. The proposed amendments are of a technical nature and stem from the comprehensive review of the Spanish plan, which was adopted by the Council on 17 October 2023. […]
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EU and US hold fourth Joint Dialogue on Technology Competition Policy
Today, European Commission Executive Vice-President Margrethe Vestager, US Federal Trade Commission (‘FTC’) Chair Lina Khan and the Assistant Attorney General of the US Department of Justice Antitrust Division (‘DOJ’) Jonathan Kanter met in Washington for the fourth meeting of the EU-US Joint Technology Competition Policy Dialogue (‘TCPD’). The purpose of the dialogue is to further […]
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Monetary policy decisions: ECB keeps interest rates unchanged at 4.5%.
The Governing Council of the European Central Bank decided to keep the three key ECB interest rates unchanged. The incoming information has broadly confirmed the Governing Council’s previous assessment of the medium-term inflation outlook. Inflation has continued to fall, led by lower food and goods price inflation. Most measures of underlying inflation are easing, wage […]
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NextGenerationEU recovery plan – to be paid back by the next generation?
In 2021, the EU set up the NextGenerationEU (NGEU) fund – worth around €800 billion – to prop up the economies of its member states during and following the COVID–19 pandemic. While the money has been flowing to member states, the flow is slow and set to end in 2026. There is also a catch – it is […]
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Firefighting: EU earmarks €600m to reinforce EU rescue operations
The Commission is financing the purchase of new firefighting planes to increase the aerial firefighting capacity of rescEU, the EU Civil Protection Mechanism’s strategic crisis response reserve. €600 million in EU funds will be used to purchase 12 new planes, which will be hosted across 6 EU Member States: Croatia, France, Italy, Greece, Portugal, and […]
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