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"All this despite the calls vis-a-vis the Commission for more flexibility regarding the fallow and increased agricultural land".

Severe drought could cancel out gains in EU food production

By: EBR | Tuesday, July 19, 2022

Just under half of the EU’s territory is at risk of severe and prolonged drought, according to a new European Commission report

"ECB has set about designing a new crisis tool, the first details of which could be presented after the central bank’s meeting on Thursday (21 July)".

ECB fine-tunes new crisis tool against ‘fragmentation’

By: EBR | Monday, July 18, 2022

As the European Central Bank prepares to raise interest rates for the first time since 2011, policymakers hope to limit “fragmentation” in the eurozone, where borrowing costs faced by different members begin to diverge

"The current crisis is an important reminder that peace on the continent and the prosperity of our citizens is the raison d’etre of the European Union".

Europe’s climate and energy strategy has become disturbingly bipolar

By: EBR | Monday, July 18, 2022

Brussels is pursuing overambitious and costly decarbonisation policies while national capitals are desperate to guarantee the necessary energy supply and struggle to keep gas storages full and the lights on

The binding mandates put forward by Brussels are intended to stimulate investment in the production of e-fuels.

Parliament lawmakers raise e-fuels targets in bid to boost market

By: EBR | Friday, July 15, 2022

Lawmakers in the European Parliament’s industry committee voted Wednesday (13 July) to more than double the 2030 target for fuels produced from green electricity in the transport sector, a move aimed at bolstering the fledgling electro-fuels market

Last November, the European Commission unveiled plans to revamp the law that governs the activities and funding of European political parties and their affiliated foundations, aimed at making them financially more viable, cutting red tape and making it easier for them to contribute to and take part in national campaigns.

MEPs seek to extend funding for political parties beyond EU

By: EBR | Thursday, July 14, 2022

MEPs want to expand the remit of the law on European political parties to allow them to register and obtain funding in countries outside the EU, under a proposal adopted on Wednesday (13 July)

EU countries are scrambling to reduce gas demand and find alternatives to Russian fossil fuels.

Report: Increase in emissions from coal comeback, ‘negligible’

By: EBR | Wednesday, July 13, 2022

Plans by four EU countries to place coal-fired power plants on standby in case of a serious disruption to their gas supply from Russia will only have a negligible impact on the climate

The 2030 Agenda and the Sustainable Development Goals (SDGs) provide a globally endorsed framework to move towards sustainable economic, environmental and social development.

The EU needs to be the driving force for the SDGs

By: EBR | Wednesday, July 13, 2022

The European Union must be the driving force for reaching the UN Sustainable Development Goals, where progress has come to a halt or has even been reversed

While youth unemployment decreased in 2021, particularly towards the end of the year, it remained 1 percentage point (pp) higher than before the crisis (in 2019). Of those in work, nearly 1 in 2 young people (45.9%) had temporary contracts, compared to 1 in 10 for all workers (10.2%).

Commission report shows young people most affected by job losses due to economic impact of COVID-19

By: EBR | Tuesday, July 12, 2022

Today, the Commission published its Employment and Social Developments in Europe (ESDE) review 2022

EU bond issuance will be aligned with the arrangements used by EU sovereign issuers and the European Stability Mechanism (ESM) whose bonds transactions are settled in central bank money.

European Commission to transfer its bond issuance settlement to a Eurosystem-based infrastructure

By: EBR | Tuesday, July 12, 2022

The European Commission has today launched the process for organising the settlement of NextGenerationEU and other EU bonds through the payment and settlement infrastructure of the Eurosystem

Russia’s war in Ukraine is having profound consequences on the EU’s energy and climate policies.

Four EU Parliament groups unite behind 14.5% energy savings goal for 2030

By: EBR | Tuesday, July 12, 2022

The four largest political groups in the European Parliament have united behind proposals to raise the EU’s energy efficiency target for 2030, saying this will help ease energy prices for consumers and eliminate imports of Russian fossil fuels

"Decarbonising buildings is becoming even more important in the wake of Russia’s war on Ukraine and the tensions surrounding energy supplies".

European cities call for more staff, resources to decarbonise buildings

By: EBR | Friday, July 8, 2022

While the EU is planning to decarbonise buildings across the bloc to advance the green transition, local authorities are calling for more support to face a shortage of skilled workers to design and implement decarbonisation projects

If passed, the amended text will form the Parliament’s negotiating position during talks with EU member states to finalise the legislation.

Airlines and NGOs join forces ahead of EU vote on green jet fuels

By: EBR | Thursday, July 7, 2022

Climate NGOs and airlines have called on lawmakers to narrow the definition of sustainable aviation fuels (SAF) ahead of a European Parliament vote on Thursday (7 July)

The euro was about flat at $1.01845 after sinking as low as $1.01615 on Wednesday, for the first time since late 2002.

Euro hovers near 20-year low on recession worries

By: EBR | Thursday, July 7, 2022

The euro hovered near a two-decade low against the dollar on Thursday (7 July) as Europe’s energy woes cast a long shadow over the economic outlook

After a decade of crises in Europe, historic decisions were taken at the EU and NATO summits to strengthen the continent. To overcome today’s challenges, Brussels must confront the causes of its paralysis in the 2010s.

Europe’s Geopolitical Turn Needs a Democratic Reboot

By: EBR | Wednesday, July 6, 2022

“Europe will be forged in crisis” must be the most frequently used and abused Jean Monnet quotation about European integration

he right to disconnect must be legally recognised at EU level.

Protecting mental health in the digital workspace

By: EBR | Wednesday, July 6, 2022

MEPs acknowledge benefits of teleworking but warn about health and privacy risks

"We talk a lot about climate and the environment. Still, we sometimes forget within our discussions that this is also a health crisis because climate change will impact directly and indirectly our health".

MEP says health should not be left out of climate change discussion

By: EBR | Tuesday, July 5, 2022

The debate on climate change’s impact on health should be broadened, according to socialist MEP Sara Cerdas, as health costs for society if we do not act will be unimaginable

"The 2022 Science, Research and Innovation Performance report shows how research and innovation are central to build the sustainable and resilient future that Europe needs...".

New Research and Innovation Performance report: Building a sustainable future in uncertain times

By: EBR | Tuesday, July 5, 2022

The Commission has released the 2022 edition of the Science, Research and Innovation Performance (SRIP) report, analysing the EU’s innovation performance in a global context

According to Stephan Bruckbauer, chief economist at UniCredit Austria, the rise in interest rates means that it now costs 2-2.5 percentage points more for companies to borrow money.

High inflation could increase equity financing

By: EBR | Monday, July 4, 2022

Since interest rates increase as a reaction to high inflation figures, corporations might be incentivised to turn towards equity instead of debt to finance their investments

The new draft regulation will enable the Commission to investigate subsidies granted by non-EU public authorities to companies operating in the EU.

Agreement on foreign subsidies: ensuring equal competition in the EU

By: EBR | Friday, July 1, 2022

Parliament and Council negotiators agreed on new tools ensuring that foreign subsidies granted by non-EU countries to companies do not distort the internal market

Βy keeping Western Balkan countries in the waiting room, the union is aggravating the region’s frustrations with Brussels.

Are the EU’s enlargement promises credible?

By: EBR | Friday, July 1, 2022

Granting candidate status to Ukraine and Moldova has earned the EU praise

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