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

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

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

This ‘Horizontal Substitute Impact Assessment of the European Commission’s New Pact on Migration and Asylum’ was requested by the European Parliament’s Committee on Civil Liberties, Justice and Home Affairs (LIBE). The impact assessment focuses on the main proposed changes implied by the European Commission’s New Pact, with a particular focus on the following four proposals: 1) Asylum and Migration Management Regulation (RAMM); 2) Crisis and Force Majeure Regulation; 3) Amended Asylum Procedure Regulation (APR); and 4) Screening Regulation. The horizontal substitute impact assessment critically assesses the ‘system’ and underlying logic of the proposed New Pact with the aim to analyse how the four Commission proposals would work and interact in practice. The impact assessment also assesses whether and to what extent the proposed New Pact addresses the identified shortcomings and implementational problems of the current EU asylum and migration law and policy. Moreover, the impact assessment identifies and assesses the expected impacts on fundamental rights, as well as economic, social and territorial impacts of the proposed New Pact.

Source : © European Union, 2021 – EP

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