The European Parliament and the Council of the European Union, on a proposal from the European Commission, have reached an informal political agreement on the EU budget for 2022, the second under the 2021-2027 EU multiannual financial framework. The agreement is for commitments of €169.5 billion, and payments of €170.6 billion. Once adopted, the budget […]
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Spain and its Digital Economy and Society Index 2021
On November 12, the Commission published the results of the 2021 edition of the Digital Economy and Society Index (DESI), which tracks the progress made by EU Member States in digital competitiveness in the areas of human capital, broadband connectivity, the integration of digital technologies by businesses and digital public services. Spain ranks ninth among […]
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October infringements package: decision for Spain
In its regular package of infringement decisions, the European Commission pursues legal action against Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, aim to ensure the proper application of EU law for the benefit of citizens and businesses. The decision adopted by […]
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EUROPEAN AGENDA : ECONOMY Nº4
European institutions and agencies are acting decisively to mitigate the socio-economic impact of the coronavirus crisis in the European Union. Below we highlight what the European institutions have been working on so far: Forthcoming meetings Institutions Meetings Date European Council 06.12.2021 Eurogroup European Council 18.11.21 General Affarirs Council [toc] Significant events in this agenda are […]
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CJEU prevents AC Milan from registering its crest as an international trademark
The General Court confirms that the sign representing the crest of the football club AC Milan cannot be registered internationally as a trade mark designating the Union for stationery and office supplies The high degree of aural similarity and average visual similarity of that sign with the earlier German word mark MILAN gives rise […]
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Not Yet on Track: Climate Threat Demands More Ambitious Global Action
New IMF analysis shows gaps in ambition and policy needed to achieve emissions curbs that contain global warming. In 1785, Robert Burns reflected on how humanity has come to dominate our planet: “I’m truly sorry man’s dominion, has broken nature’s social union,” he wrote. The Scottish poet’s words still ring true two centuries later. Man-made climate […]
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¿What is the Economic and Financial Affairs Council (Ecofin)?
The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy in three main areas: economic policy, taxation issues and the regulation of financial services. How does Ecofin work? The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings. There are […]
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EU forces more tax transparency on multinationals
As of October 2021, Panama is on the EU list of non-cooperative jurisdictions for tax purposes. Multinational companies will have to disclose publicly how much tax they pay in each EU country, which will increase scrutiny of their tax practices. On 11 November MEPs will vote on a provisional agreement with the Council that would […]
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1 in 4 children in the EU at risk of poverty or social exclusion
In 2020, 24.2% of children (less than 18 years old) in the EU were at risk of poverty or social exclusion compared with 21.7% of adults (18–64) and 20.4% of older people (65 or over). Factors influencing the risk of poverty or social exclusion in the EU in 2020 included: work intensity: 71.9% of the population aged less than […]
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