2021 EU Budget Priorities

The 2021 budget priorities should be to mitigate the effects of the COVID-19 outbreak and support the recovery, building on the Green Deal and digital transformation. In the resolution by rapporteur Pierre Larrouturou (S&D, FR), adopted by the Committee on Budgets, MEPs emphasised that “the Union and all of its Member States must show full…

Financing the New Green Deal

Nine NGOs sent an open letter to Werner Hoyer, the President of the European Investment Bank (EIB), calling for its new role in the European economic recovery to be consistent with its climate commitments and play a key role in financing the European Green Deal. The EIB plans to spend €40 billion to support especially small and…

Europe’s Recovery Plan

Last week on 23 April, EU heads of state and government met via video conference to address the development of economic measures to recover from the coronavirus crisis. However, instead of proposing ambitious measures, in particular coronabonds, a mutualised debt instrument, EU Leaders decided not to decide. The European Commission is instead tasked with the…

EESC Argues for Sustainable Growth

Future economic policy must be in line with the European Green Deal, says the European Economic and Social Committee (EESC).  The Committee urges EU Member States to make sustainable economic growth the top priority for European and national economic policies in 2020 and beyond and recommends complementing the current accommodative monetary policy of the European…

EU Climate Neutral By 2050

The European Union says it is committed to becoming the first climate-neutral bloc in the world by 2050.  This requires significant investment from both the EU and the national public sector, as well as the private sector, it says. The European Green Deal’s Investment Plan – the Sustainable Europe Investment Plan – presented today will mobilise…