In-Depth Analysis – Euro Area fiscal policies and capacity in post-pandemic times – 23-07-2021

The Covid-19 pandemic has created huge challenges for policymakers in the whole world. These challenges have to do with both the short run and the long run. In addition, in the euro area, these challenges have dimensions that are peculiar to the fact that the euro area is a monetary union with one monetary authority and nineteen separate budgetary authorities. In this policy brief, the author provides some answer to two questions: • Which policy mix (national/supranational) supports smooth recovery, sustainability of public finances and resilience of the euro area? • Which EMU governance reforms should be prioritised so as to improve the functioning of the euro area?

Source : © European Union, 2021 – EP

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Highlights – Recovery and Resilience Dialogue: committee debate – Committee on Budgets – Committee on Economic and Monetary Affairs

Impact of the Covid19 pandemic on EU Industries
The Committee on Budgets and the Committee on Economic and Monetary Affair will hold their second Recovery and Resilience Dialogue with Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People, and Economy Commissioner Paolo Gentiloni, on 14 July. The debate is expected to focus on the Commission’s assessment of national recovery and resilience plans submitted by Member States.

Source : © European Union, 2021 – EP

Study – Euro Area fiscal policies and capacity in post-pandemic times – 02-07-2021

This paper situates the EU’s fiscal response to the pandemic (suspending the Stability and Growth Pact, creating the SURE and Recovery and Resilience Facility) within longstanding debates on reforming EU fiscal governance and offers recommendations on the way forward, specifically the SGP reforms needed prior to returning to its rules and creating a budget with a stabilisation capacity.

Source : © European Union, 2021 – EP

In-Depth Analysis – Recovery and Resilience Dialogue with the European Commission 14 July 2021 – 13-07-2021

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the second Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing addresses the following subjects: the Recovery and Resilience Facility and its scrutiny; the state of play of adoption and assessment of the Recovery and Resilience plans; the European Parliament resolutions on the Recovery and Resilience Facility; the financing of national Recovery and Resilience plans and some data on the current economic situation and estimates on the impact of Facility.

Source : © European Union, 2021 – EP

Briefing – New EU strategic priorities for the Sahel: Addressing regional challenges through better governance – 09-07-2021

Recent events have shown that the Sahel region remains highly politically unstable. The military takeover of the Chadian government following President Idriss Déby’s sudden death in April 2021 and the repercussions of the August 2020 and May 2021 military coups in Mali are worrying signs of weak democratic governance structures. Burkina Faso’s transitional democracy has also been severely destabilised by the activities of extremist groups and internal conflicts. This political fragility and the lack of government legitimacy have made the responses to the Sahel’s security and humanitarian issues all the more challenging. The continued threat posed by terrorist armed groups and rising intercommunal violence over land and resources have led to both internal and cross-border displacements in Sahel countries. Meanwhile, the inadequacy of governance mechanisms for managing this displacement, compounded by environmental degradation, resource scarcity and population growth, has created a severe humanitarian crisis. Since 2011, the European Union (EU) strategy for the Sahel has focused on both security and development to address these numerous and interconnected challenges. However, EU efforts have remained dominated by a military approach to tackle rising terrorist activity, achieving concrete results but ultimately falling short of long-term regional stability. The new EU integrated strategy in the Sahel aims to strengthen action at the political level, focusing on governance mechanisms, human rights, and collaboration with civil society and local authorities, while maintaining security cooperation with states in the region.

Source : © European Union, 2021 – EP

Briefing – Artificial Intelligence in smart cities and urban mobility – 23-07-2021

Artificial Intelligence (AI) enabling smart urban solutions brings multiple benefits, including more efficient energy, water and waste management, reduced pollution, noise and traffic congestions. Local authorities face relevant challenges undermining the digital transformation from the technological, social and regulatory standpoint, namely (i) technology and data availability and reliability, the dependency on third private parties and the lack of skills; (ii) ethical challenges for the unbiased use of AI; and (iii) the difficulty of regulating interdependent infrastructures and data, respectively. To overcome the identified challenges, the following actions are recommended: • EU-wide support for infrastructure and governance on digitalisation, including high performance computing, integrated circuits, CPUs and GPU’s, 5G, cloud services, Urban Data Platforms, enhancing efficiency and ensuring at the same time unbiased data collection. • Inclusion of urban AI in EU research programs addressing data exchange, communication networks and policy on mobility and energy, enhancing capacity building initiatives, also through test and experimentation facilities. • Harmonising AI related policies in the EU, taking into account the context specificity: necessary research. • Adoption of innovative procurement procedures, entailing requirements for technical and ethically responsible AI.

Source : © European Union, 2021 – EP

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