Stumbling to Another Crisis?

The EU is urged to avoid another crisis in the wake of the pandemic Markus Ferber MEP said, “We have to be very careful that the current frenzy of Corona spending does not lead us directly into the next debt crisis.” “Therefore, the European Commission urgently needs to establish when and under what conditions the application…

Covid’s Economic Hit

The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted.  However, the resurgence of the pandemic…

Health Technology Research

The Commission has awarded some €508 million in grants to 75 projects to tackle cancer, brain-related diseases, infectious diseases, complex chronic conditions, antimicrobial resistance and other important areas of health research.  These projects are to receive money following the official signatures of grant agreements in the coming weeks.  They were short-listed after evaluation and will…

Vestager Appeals Court Decision on Apple’s Tax Bill

EU competition Commissioner Margrethe Vestager has decided to appeal the July EU General Court ruling annulling her 2016 decision ordering Ireland to recover €13 billion in state aid paid to Apple. Pedro Marques, S&D spokesperson on tax matters, commented: “We applaud Vestager for her willingness to push for more fairness in corporate taxation. We hope she…

COVID-19 recovery package

In the presence of Commissioner Paolo Gentiloni, EESC President Luca Jahier voices full support for Commission COVID-19 recovery package on eve of make-or-break EU summit: “Let there be no backtracking” President Jahier expressed criticism for the recent EU Council proposal to give national governments the power to veto a country’s reform programmes under the package…

Aid for EU Neighbourhood

The Commission has adopted a proposal for a €3 billion macro-financial assistance (MFA) package to ten enlargement and neighbourhood partners to help them to limit the economic fallout of the coronavirus pandemic.  The proposal comes on top of the Team Europe strategy, the EU’s robust and targeted response to support partner countries’ efforts in tackling…

New MFA Programme for Jordan

The European Commission has welcomed the endorsement by the Council of the agreement reached with the European Parliament to provide up to €500 million in Macro-Financial Assistance (MFA) to Jordan. This new financial assistance programme is designed to support the country’s ambitious reform agenda, promoting jobs, growth and investment for the benefit of the people of Jordan….