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The Commission proposes the next generation of EU own resources
The new own resources proposed today will help to repay the funds raised by the EU to finance the grant component of NextGenerationEU. The new own resources should also finance the Social Climate Fund. The latter is an essential element of the proposed…
Commission presents Action Plan to boost the social economy and create jobs
The European Commission has presented an Action Plan to help the European social economy thrive, tapping into its economic and job-creation potential, as well as its contribution to a fair and inclusive recovery, and the green and digital transitions.
Main results of the Economic and Financial Affairs Council
Ministers agreed on a proposal for a Council directive on rates of value added tax (VAT). The updates to the legislation aim to ensure member states are treated equally and give them more flexibility to apply reduced and zero VAT rates. The rules also …
European Semester Autumn Package: rebounding stronger from the crisis and making Europe greener and more digital
The European Commission has launched the 2022 European Semester cycle of economic policy coordination. The European Semester Autumn Package includes the Annual Sustainable Growth Survey, Opinions on euro area Draft Budgetary Plans (DBPs) for 2022, poli…
Agreement reached on 2022 EU budget
The Council reached an agreement with the European Parliament on the 2022 EU budget, setting total commitments at €169 515,8 million and payments at €170 603,3 million. Next year’s budget strongly reflects the EU’s main priorities: economic recovery, f…