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Wednesday, 24 February 2021

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Check out our latest coverage in our Economy & Jobs policy hub or follow our latest updates on @eaEconomy
By Jorge Valero (@europressos)

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[Economy & Jobs] A tougher approach with partners and more focus on climate and labour rights will be key pillars of the new EU trade policy outlined by the European Commission on Thursday (18 February).

[Economy & Jobs] The probability of liquidity shortfalls to protect bank depositors in a new 2008-like crisis would be cut by half if the EU completed the banking union with a European Deposit Insurance Scheme, according to a European Commission analysis seen by EURACTIV.com.

[Economy & Jobs] The European Commission on Monday (1 February) said it will need to tap into the EU budget margins this year – around €1.5 billion – to monitor progress made with vaccination campaigns, finance pharmacovigilance studies, and fight against the new variants of COVID-19.

[Economy & Jobs] The economic crisis caused by COVID-19 could turn into a “social crisis”, the EU's economic affairs commissioner Paolo Gentiloni has warned, calling for greater involvement from trade unions in the elaboration of national recovery plans.

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[Economy & Jobs] For four years, trade irritants mounted as we lived under the threat of a fully-fledged transatlantic trade war – never more than a late-night tweet away. A rare moment is here at last to rejuvenate the way global trade operates, writes Cathy Novelli.

[European Green Deal] By the end of March, the European Commission wants to present a revised version of the so-called non-financial reporting directive (NFRD). A coalition of European NGOs is calling for greater transparency and stricter reporting requirements for companies in sustainability matters. EURACTIV Germany reports.

[Green finance] The European Commission came under new pressure on Monday (22 February) from Poland's biggest power producer, PGE, and its own advisors, over whether to include gas power in EU rules on sustainable finance.

[EU Council Presidency] Not all EU countries will recover from the economic losses of 2020 at the same pace, the European Commission said on Monday (22 February), calling for a “strong joint response” from all 27 EU member states.

[Economy & Jobs] Spain's central bank considers that the volatile economic environment in Europe requires a massive EU response through a "fully mutualised European deposit guarantee fund". EURACTIV's partner EuroEfe reports.

[Economy & Jobs] Most people have never experienced anything like the current Covid-19 pandemic, its effect on societies and economies. Young people have been particularly hard-hit. Supporting them with quality education and sustainable jobs is essential, not only for this generation, but for...

[European Green Deal] Europe is an undisputed global leader in clean technologies like offshore wind. But to ensure European companies and workers can compete in a global economy that will be increasingly fuelled by climate innovations, much more needs to be done, argue Peter Sweatman and Thomas Pellerin-Carlin.

[Economy & Jobs] What effect will the COVID-19 pandemic have had on cohesion within the EU and what lessons can be learned from the crisis to strengthen the bloc in the future? These are some of the questions addressed in the European Policy Centre's report published on Thursday (18 February), a year after the start of the pandemic. EURACTIV France reports.

[Economy & Jobs] The opportunities that the EU’s new long-term budget and the Recovery and Resilience Fund, totaling €1.8 trillion, offer a once-in-a-generation opportunity for the EU and Bulgaria, Elisa Ferreira, Commissioner for Cohesion and Reforms told a mostly Bulgarian audience.

[Economy & Jobs] Before the vote in Ireland’s parliament, the Dáil, EURACTIV takes a closer look at the impacts of CETA on Ireland and Irish exports into Canada, such as Irish Whiskey.

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[Economy & Jobs] Europeans want companies to be accountable for their environmental impact. That is one of the reasons why revising the EU's non-financial reporting directive is as political as it is technical, write Olivia Grégoire and Pascal Durand.

[EU Council Presidency] The European Commission said on Thursday (18 February) that it wants to "explore options" for expanding the EU’s trade and investment with India, notably ahead of the summit scheduled for May in Porto as part of Portugal's presidency of the Council of the EU.

[Economy & Jobs] Spain increased its debt in 2020 by €112,438 million – almost the equivalent of the annual cost of pensions in the country – due to the heavy impact of the COVID-19 pandemic. EURACTIV’s partner EFE reports.

[Economy & Jobs] The creation of a federal bond will pave the way for a treasury and common EU taxation. However, this ad-hoc financial union agreed by the European Council is mostly an intergovernmental affair and a stronger role of the European Parliament...

[Economy & Jobs] Renovations, sustainable mobility, urban greening. These are just some areas in which the Committee of the Regions' (CoR) wants to work more closely with the European Commission. EURACTIV France reports.

[Just transition] Nearly a year into the coronavirus crisis in Europe, the world of work has changed drastically with more transformation on the horizon. In an interview with EURACTIV, trade union leader Michael Vassiliadis discusses the EU policy agenda from economic recovery to the Democracy Action Plan and responsible supply chains.

[Digital] The Spanish government will publish in “the coming weeks” a detailed roadmap to position the country as Europe's biggest multimedia "hub", said economic and digital transformation minister Nadia Calviño. EURACTIV’s partner EuroEFE reports.

[Economy & Jobs] Europe has long been a sustainability pioneer. In reviewing its non-financial reporting directive, the European Commission has an opportunity to help establish the market infrastructure needed to scale up sustainable finance globally.

[Politics] Prime Minister Mario Draghi called on Italians on Wednesday (17 February) to pull together to help rebuild the country following the coronavirus pandemic and promised his new government would introduce sweeping reforms to revitalise the battered economy. In his maiden...

[European Green Deal] The President of the European Commission, Ursula von der Leyen, has called on EU member states to speed up delivery of their national spending plans in order tap into the EU's €750 billion recovery fund, but concerns have been raised over a lack of transparency on how the money may be spent.

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