Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 28

Posts Tagged ‘recovery’

Recovery: il PE adotta lo strumento di sostegno tecnico

Posted by fidest press agency su venerdì, 22 gennaio 2021

Il regolamento adottato martedì introduce lo strumento di sostegno tecnico (TSI, Technical Support Instrument) che ha l’obiettivo di assistere le autorità nazionali nella preparazione, la modifica, l’attuazione e la revisione dei piani nazionali, necessari per ricevere il sostegno previsto dal Recovery. Nel testo vengono elencate alcune azioni chiave da implementare, come la digitalizzazione delle strutture amministrative e dei servizi pubblici, in particolare nella sanità, nell’istruzione o nel sistema giudiziario, la creazione di politiche per aiutare le persone a riqualificarsi per il mercato del lavoro e la costruzione di sistemi assistenziali resilienti e capaci di fornire una risposta coordinata. Un unico archivio pubblico online, gestito dalla Commissione europea, fornirà le informazioni sulle azioni che rientrano tra le competenze dello strumento di sostegno tecnico.Le riforme sostenute dallo strumento dovrebbero rispondere efficacemente alle sfide individuate nelle raccomandazioni specifiche per ogni paese.
Il testo è stato adottato con 540 voti favorevoli, 75 contrari e 77 astensioni.Lo strumento disporrà di un bilancio complessivo di 864 milioni di euro nel periodo 2021-2027 (prezzi attuali). Per ricevere supporto tecnico, come ad esempio delle competenze relative a un cambiamento di certe politiche o per preparare una strategia di riforma, uno Stato membro dovrà presentare una richiesta alla Commissione entro il 31 ottobre, delineando le aree politiche su cui si concentreranno i lavori. Fino al 30% dello stanziamento annuale dovrebbe essere riservato alle misure speciali, per garantire che le risorse siano rapidamente disponibili e che vi sia una risposta immediata anche nei casi imprevisti o urgenti.

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Recovery Fund: Più soldi alla Scuola per il dopo-Covid

Posted by fidest press agency su sabato, 9 gennaio 2021

Cresce il budget che la Commissione europea metterà a disposizione dell’Italia per la ripresa post-Covid-19. E cresce pure la quota parte che verrà dedicata al rilancio della Scuola. Salgono infatti complessivamente a 222,03 miliardi le risorse previste negli investimenti del cosiddetto Piano Recovery. Di questi 209,84 riguardano il Next Generation Eu: 66,6 miliardi sono già impegnati in progetti in essere, 143,24 su nuovi progetti. I dati emergono dalla tabella allegata al documento che il governo ha predisposto e girato ai partiti di maggioranza nell’ambito del Piano Nazionale di Ripresa e Resilienza. Nello specifico, per quanto riguarda l’Istruzione sono 27,91 i miliardi messi a disposizione: di questi, 22,29 miliardi saranno destinati a nuovi progetti. Il sindacato Anief prende atto dell’incremento, ma avverte: diventa ora fondamentale non disperdere i fondi provenienti dall’Europa. Quando in primavera verranno stanziati, dovranno servire a valorizzare anche il personale, adeguando certamente gli stipendi, oggi tra i più bassi dell’area Ocde, introducendo quell’indennità di rischio biologico che il Covid ha fatto esplodere ma che in realtà per chi insegna esiste da sempre ed è dimostrata dalla troppo elevata percentuale di burnout presente nella categoria. Stabilizzazione dei precari, incremento degli organici, delle sedi scolastiche, quindi delle dirigenze e dei Dsga sono gli altri punti su cui bisognerà intervenire, spazzando via una volta per tutte gli effetti nocivi del dimensionamento partito nel 2008 e mai contrastato a dovere. A questi fondi, inoltre, sarebbe bene aggiungerne altri, anche di matrice privata, così da rendere la scuola autonoma a tutti gli effetti, smarcandola da debiti pubblici e crisi di Governo.

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Recovery, Nardi “Sia gestito con intelligenza e lungimiranza, non possiamo sbagliare”

Posted by fidest press agency su lunedì, 4 gennaio 2021

Dovrà essere un nuovo inizio fondato sui principi di crescita sostenibile e di giustizia sociale, altrimenti non usciremo migliori dalla crisi prodotta dalla pandemia. Ora è il tempo della serietà e della responsabilità. Come ha ricordato il Presidente Mattarella in occasione del suo discorso di fine anno è il momento dei costruttori, e quindi la politica deve avere la capacità e il senso di responsabilità per anteporre gli interessi degli Italiani a quelli di parte propria. La classe politica lo dimostri partendo dal sapere gestire con intelligenza e lungimiranza le risorse messe a disposizione dal Recovery Fund. Perdere questa occasione potrebbe significare condannare il nostro Paese senza nessun alibi. Quello che decideremo oggi determinerà il futuro dei nostri figli e non possiamo permetterci di sbagliare: ci sono nodi strutturali che abbiamo la possibilità di sciogliere definitivamente. Non farlo sarebbe un delitto politico imperdonabile” E’ quanto dichiarato da Martina Nardi, presidente della commissione Attività produttive alla Camera dei Deputati. Lorenzo Galli Torrini

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Recovery: Va ricostruito un vero piano industriale

Posted by fidest press agency su giovedì, 31 dicembre 2020

“Da quando siamo al Governo abbiamo fatto molte misure per accelerare gli investimenti, sbloccato risorse che erano ferme da decenni. Quello che dice (Gentiloni nell’intervista a Repubblica, ndr) è molto vero soprattutto, perché va costruito un vero piano industriale a misura di persona. Guardando al futuro, in una logica interministeriale che abbia una omogeneità, sia con le risorse che con la progettualità. Non ci deve essere logica di spartizione ma vanno visti i progetti in maniera più ampia e che guardino davvero al futuro. E poi va controllato che l’obiettivo che ci da l’Europa sia effettivamente raggiunto”. E poi, sui tempi di presentazione del piano ha aggiunto “Io penso che la cosa importante sia farlo bene, nei tempi richiesti. E quello che secondo me è più difficile, ma lo dico in termini tecnici, è integrare lo strumento di finanziamento del Recovery con le altre misure di finanziamento, penso ai fondi FSC, ai fondi PON e con gli altri fondi europei”. Lo ha detto, intervenendo a Zapping su Radio 1 RAI, il Vice Ministro dell’Economia e delle Finanze, Laura Castelli.

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Sassoli sul Recovery and Resilience Facility

Posted by fidest press agency su domenica, 20 dicembre 2020

Dichiarazione del Presidente del Parlamento europeo David Sassoli. “Grande soddisfazione per la chiusura del negoziato con Consiglio e Commissione sul Recovery and Resilience Facility. Il Parlamento europeo ha ottenuto l’aumento dal 10 al 13% degli anticipi del Recovery Fund. Questo significa che i paesi che ne hanno maggior bisogno avranno più soldi proprio nel momento più grave e acuto della crisi”.“Inoltre voglio sottolineare che abbiamo ottenuto un legame più stretto del finanziamento agli obiettivi del Green Deal, della trasformazione digitale, della coesione e della solidarietà sociale. Ringrazio il Team negoziale del Parlamento per il prezioso lavoro. In questi momenti difficili il Parlamento continua ad essere dalla parte dei cittadini”.

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Deal on revised securitisation rules to help with post-COVID recovery

Posted by fidest press agency su domenica, 13 dicembre 2020

Packaged loans converted into securities will free bank balance sheets of non-performing exposures and promote lending to the real economy, which is vital to economic recovery. On Wednesday evening, negotiators from the Economic and Monetary Affairs Committee reached an agreement with the Council on adjustments to two interlinked files: Capital Requirements Regulation (CRR): adjustments to the securitisation framework; and General framework for securitisation and specific framework for simple, transparent and standardised (STS) securitisation. Othmar Karas (EPP, DE), responsible for capital treatment of securitisation, said: “The political agreement between the European Parliament and the Council Presidency on the revised securitisation rules is an important step for the recovery of Europe’s capital markets. When used properly, the financial instrument becomes a vital medicine for a stronger recovery after the COVID-19 pandemic. It creates new investment opportunities and more scope for banks to issue fresh loans to households and SMEs. I am particularly pleased that the European Parliament achieved a more risk-sensitive treatment of NPE securitisations. This gives the right incentive to support banks in freeing up their balance sheets of non-performing exposures that can be expected to grow because of the current crisis”.Paul Tang (S&D, NL), the lead MEP on securitisation framework, said: “Balance sheet securitisation allows banks to reduce their exposure to risky loans. By creating a label for simple, transparent and standardised transactions, we promote their use while safeguarding economic stability. This agreement will allow banks to issue more loans to businesses and help the economy through the difficult times we are currently facing and that lie ahead. Parliament has succeeded in clearly integrating sustainability into the securitisation framework. Standards will be developed to report on the sustainability of securitisation products and the European Banking Authority will draft a proposal for a dedicated framework for sustainable securitisation. The drive for sustainability reporting has now been embraced by the banking sector.” Technical work on both texts is now being carried out by the services of the three institutions. Thereafter, the agreement must be approved by the Economic and Monetary Affairs Committee and Parliament as a whole.

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Recovery: Serracchiani, Conte non può decidere da solo

Posted by fidest press agency su sabato, 12 dicembre 2020

“Conte non puo decidere da solo, dev’essere partecipata ogni decisione, dal Parlamento e dal Governo, e dobbiamo impegnare anche le opposizioni in un passaggio così delicato”. Lo ha detto la presidente della commissione Lavoro della Camera Debora Serracchiani, intervenendo sul Recovery plan, oggi a Radio Anch’io, su Rai Radio Uno. Precisando che “i ministri non possono perdere le loro attribuzioni”, Serracchiani ha ricordato che “a differenza di altri Paesi europei abbiamo fatto un passaggio preventivo in Parlamento perché il Parlamento potesse esprimere assieme al Governo le linee di indirizzo, che saranno le sei linee guida del Recovery plan”. “Dovremmo essere in grado di spendere in condizioni ordinarie ma – ha detto ancora Serracchiani – io sono molto preoccupata delle procedure che metteremo a disposizione”.

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COVID-19 recovery deal: balance investor protection and firms’ compliance costs

Posted by fidest press agency su venerdì, 11 dicembre 2020

Economic and Monetary Affairs Committee negotiators struck a deal so that EU companies can access a diverse range of funding and support the post-COVID-19 recovery.The agreement reached with the Council on targeted adjustments to the Markets in Financial Instruments Directive (MIFID II) should facilitate economic recovery by removing unnecessary administrative burdens while maintaining a balance between protecting investors and keeping compliance costs low for firms. The changes apply mostly to professional clients and eligible counterparties such as insurers, pension funds, or public institutions.The changes agreed by the negotiators on Wednesday include: • Professional clients will no longer receive information on costs and charges. They will however still receive information on investment advice and portfolio management. • Ex-post information on costs and charges should be supplied without delay and clients should be able to receive such information over the phone (or on paper if requested). Moreover, the client should be given a breakdown of the costs prior to concluding a transaction. • Retail clients will be able receive information in digital format instead of on paper, but should be given at least eight weeks’ notice and the choice to continue receiving information on paper or switch to a digital format. • Certain product governance requirements will no longer apply to corporate bonds with “make-whole clauses” – which protect investors against losses when an issuer opts for early repayment, by guaranteeing them a payment equal to the net present value of the coupons. In addition, financial instruments distributed to eligible counterparties will be excluded. • Commodity derivatives: some changes to the position limits regime, including a new definition for agricultural commodity derivatives. This definition clarifies that agricultural commodity derivatives include fisheries as well as animal feed. For those agricultural commodities the current strict regime will still apply, while less sensitive contracts will enjoy a lighter regime. MEPs also ensured that the Commission will present if appropriate a proposal for a review of both the Market in Financial Instruments Directive (MIFID) and the Regulation (MIFIR) by 31 July 2021 at the latest. It should consider issues related to market structure, data, trading and post trading, research rules, rules on payment to advisors, the level of professional qualifications of advisers in Europe and client categorisation.

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Le sfide legate al Recovery fund

Posted by fidest press agency su domenica, 6 dicembre 2020

«Per affrontare le sfide legate al Recovery Fund è fondamentale avere una visione a lungo termine e definire priorità strategiche. E per realizzare queste priorità serve una leadership che coordini e faccia monitoraggio su tutti i progetti. Questo è l’elemento centrale, perché saranno coinvolti un po’ tutti i ministeri, le amministrazioni regionali e locali. Ma soprattutto credo sia più importante capire quanti saranno e quali saranno i progetti e se, per una volta, riusciremo ad essere selettivi e a fissare delle priorità. Perché questo è l’aspetto principale: è un’occasione irripetibile, dobbiamo essere in grado di fissare gli elementi strategici». Lo ha dichiarato Fabio Pompei, Ceo di Deloitte Italia, intervenendo sul dibattito sul Recovery Fund durante la puntata di Coffee Break, su La7, di questa mattina. «Una delle priorità di cui tenere conto è la sostenibilità e gli investimenti sostenibili: investimenti che guardino oltre l’orizzonte della legislatura e che siano il frutto di una visione di lungo periodo per il Paese», ha aggiunto Pompei. «Durante un meeting organizzato da Deloitte abbiamo ospitato il primo ministro di Singapore. Parlando di investimenti sostenibili, lui ci ha raccontato che il suo Stato sta prendendo molto sul serio la questione, perché, secondo alcuni studi, Singapore potrebbe finire sommersa dall’acqua entro la fine del secolo. E quindi il Governo ha già avviato gli investimenti necessari per essere in grado di fronteggiare qualunque scenario legato all’innalzamento del livello dei mari. Sono questi gli investimenti sostenibili che potremmo mettere in campo con il Recovery Fund: investimenti che guardino al futuro e creino valore nel lungo periodo», ha concluso Pompei.

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MEPs quiz experts on better designing taxation to help the economic recovery

Posted by fidest press agency su giovedì, 19 novembre 2020

MEPs discussed with experts ways in which taxation systems should be reformed to ensure big multinationals, traders and the wealthiest persons contribute more to the economic recovery. Grace Perez Navarro, Deputy Director of the OECD’s Centre for Tax Policy and Administration, Joaquim Miranda Sarmento, Professor of Finance at the University of Lisbon, and Liina Carr, Confederal Secretary at ETUC, all gave testimony in front of the EP’s subcommittee on taxation matters (FISC) on Monday.Opening the meeting, the Chair of the sub-committee, Paul Tang (S&D, NL) said that the economic crisis caused by the pandemic increases the need to secure tax revenues are delivered in a fair and sustainable way. More than ever, better coordination of tax policies at EU level can help alleviate this crisis and support the green and digital transition, he added. MEPs stressed the need to reduce the tax burden on SMEs and normal people, shifting it instead to those who could and should be paying more taxes. To this end discussions focussed on ways to develop the financial transactions tax, recalibrate corporate taxation and develop eco taxes. MEPs also quizzed the experts on how to better address money laundering and blatant tax evasion.

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MEP’s blueprint for SMEs in post-COVID recovery

Posted by fidest press agency su lunedì, 16 novembre 2020

ITRE MEPs advocated measures to help small and medium enterprises (SMEs) deal with the crisis and the twin challenges of digitalisation and decarbonisation, in a report adopted on Friday.MEPs highlight the need to update the European Commission’s SME strategy in the light of the COVID crisis while keeping the focus on advancing the transition toward a socially, economically and environmentally resilient society and a competitive economy. They call for aligning the SME Strategy with the Industrial Strategy, the European Data Strategy and the European Green Deal, in order to actively involve and support all SMEs in the twin transition.As SMEs miss the necessary resources to face complex bureaucratic requirements, the excess of administrative and regulatory burden is hindering their ability to thrive, say MEPs, who welcome the European Commission’s commitment for a “one in-one out” principle and call for setting up a roadmap with concrete and binding targets for better regulation and simplification. MEPs stress the immediate need to restore the liquidity of SMEs to ensure their basic functioning, and warn that their post-COVID-19 survival, in particular of micro-entreprises given their structural weaknesses, will depend on swift decision-making, adequate funding and availability of liquidity. MEPs express concern regarding the difficulties in accessing EIB funding lines faced by most SMEs, partly because of lacking awareness, but also slowness and excessive complexity of the procedures and eligibility criteria. Investments in innovation should prioritize ecosystems that are inclusive of SMEs, they add.MEPs are deeply concerned that sectors such as tourism, hospitality, cultural, creative, transport, trade fairs and events sectors, which are largely composed of SMEs, have been hit the hardest by the COVID-19 crisis. They advocate a temporary relaxation of EU State aid rules, taking into account the specificities and the geographical disadvantage affecting those SMEs located in the most peripheral territories.The COVID-19 crisis has pushed SMEs towards innovative technologies, new ways of organising their work and digital business models such as e-commerce, the sharing economy and remote working, say MEPs. Member states should develop pilot initiatives to accelerate SMEs’ take up of e-commerce solutions, they say.

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COVID-19: first go-ahead given to the new Recovery and Resilience Facility

Posted by fidest press agency su giovedì, 12 novembre 2020

On Monday, MEPs adopted the Recovery and Resilience Facility, an instrument designed to help EU countries tackling the effects and consequences of the COVID-19 pandemic. The Budgets and Economic and Monetary Affairs committees adopted the objectives, financing and the rules for providing funding from the Recovery and Resilience Facility (RRF), with 73 votes to 11 and 15 abstentions.MEPs also adopted a mandate to enter into negotiations with EU governments by 84 votes to 11 and 4 abstentions. They want the mandate to be announced during the upcoming plenary of 11-13 November, to be able to start the talks without delay.MEPs agreed that the RFF should only be made available to member states committed to respecting the rule of law and the European Union’s fundamental values. National recovery and resilience plans would be eligible for financing if they are consistent with six EU priorities – green transition, digital transformation, economic cohesion and competitiveness, social and territorial cohesion, institutional crisis-reaction and crisis preparedness, as well as with Next Generation EU policies, which include the European Skills Agenda, the Youth Guarantee and the Child Guarantee.MEPs also want each plan to contribute at least 40% of its budget to climate and biodiversity and at least 20% to digital actions. The plans should have a lasting impact on EU countries in both social and economic terms and provide comprehensive reform and a robust investment package.MEPs want the amount of €672,5 billion euros in grants and loans to be available to finance national measures designed to alleviate the economic and social consequences of the pandemic, which will be in place from 1 February 2020 onwards. They also want the funding to be available for four years (instead of three as in the Council position) and for EU governments to be able to request up to 20% pre-financing for their recovery and resilience plans, instead of proposed 10%, so that they can react faster and do more. MEPs from the both committees demanded that the Commission (responsible for the RFF implementation) be accountable to the EP, including by submitting a report twice a year outlining how the targets and milestones have been implemented as well as the amounts paid to each EU country. They also stressed that the recipients should ensure that spending under the RRF is visible by clearly labelling the supported projects as “European Union Recovery Initiative”.

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COVID-19 recovery: balance investor protection and compliance costs for firms

Posted by fidest press agency su domenica, 1 novembre 2020

Economic and Monetary Affairs MEPs adopted targeted changes for investment firms, granting EU companies access to a diverse range of funding and supporting the post-COVID-19 recovery. Targeted adjustments to the Markets in Financial Instruments Directive (MIFID II) aim to facilitate economic recovery by removing unnecessary administrative burdens while maintaining a balance between investor protection and compliance costs for firms. The changes apply mostly to professional clients and eligible counterparties such as insurers, pension funds, or public institutions.The changes adopted by the Economic and Monetary Affairs Committee on Wednesday evening include: • Information on costs and charges was suspended for professional clients except for investment advice and portfolio management. The suspension should also apply to eligible counterparties. • Ex-post information on costs and charges should be supplied without delay and clients should be able to receive such information over the phone prior to concluding a transaction. • Retail clients to receive information in digital format instead of on paper, but should be given at least 8 weeks notice and the choice to continue receiving information on paper or switch to digital format. • Certain product governance requirements will no longer apply to corporate bonds with “make-whole clauses” – which protect investors against losses in case an issuer opts for early repayment by guaranteeing them a payment equal to the net present value of the coupons. • Commodity derivatives: some changes to the position limits regime. MEPs also asked the Commission to present a proposal for a review of both the Market in Financial Instruments Directive (MIFID) and the Regulation (MIFIR) by 31 July 2021 at the latest. It should consider issues related to market structure, data, trading and post trading, research rules, rules on payment of inducements to advisors, the level of professional qualifications of advisers in Europe, client categorisation, and Brexit. The text was adopted with 26 votes to 12 and 18 abstentions.

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2021 EU budget must focus on supporting a sustainable recovery from the pandemic

Posted by fidest press agency su sabato, 31 ottobre 2020

Next year’s budget – the first of the 2021-2027 financing period – should “promote fair, inclusive and sustainable growth, high-quality job-creation and its long-term goal of socioeconomic convergence”, MEPs state in their draft resolution, which reflects and accompanies the outcome of the vote on budgetary figures of 15 October.They have set the overall level of the 2021 EU budget at just under € 182 billion in commitment appropriations, representing an increase of € 15 billion compared to the Commission’s proposal. Most of these increases will benefit the EU’s 15 flagship programmes, boosting many programmes and projects that will support the young, researchers, health workers, entrepreneurs, and many other citizens.Other major additions to next year’s budget were voted on in areas such as climate change, energy, digital and transport interconnectivity, SMEs, tourism, security, migration, fundamental rights, and external action. MEPs also aim to achieve a biodiversity spending level of 10% and a climate mainstreaming spending level of 30% for 2021.Details about the different headings, programmes and projects can be found in the draft resolution. The resolution prepared by the General Rapporteur for the Commission’s budget, Pierre Larrouturou (S&D, FR), and the rapporteur for the other institutions’ administrative budget, Mr Olivier Chastel (RENEW, BE), was adopted with 35 votes to 2 and 4 abstentions.

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EU summit compromise: positive step for recovery, inadequate in the long-term

Posted by fidest press agency su martedì, 21 luglio 2020

• EP’s negotiating team welcomes the agreement on the €750 billion recovery instrument
• But it is unacceptable that long-term EU budget is cut, while citizens ask for an increase in EU investments
• Binding commitment to new sources of EU revenue is crucial for fair repayment of recovery debt
• Respect for rule of law must be guaranteed
Commenting on the conclusions of the 17-21 July EU summit, EP negotiators welcome the recovery fund but warn that their agreement to the long-term EU budget cannot be taken for granted.After five days of intense discussions, the Heads of State and Government reached a political compromise. Parliament’s negotiating team on the Multiannual Financial Framework (MFF) and Own Resources (OR) welcomes the fact that at last a common position has been achieved, and that the newly created Recovery Instrument (Next Generation EU) is financed with a borrowing of EUR 750 billion. But Parliament remains critical on some essential aspects of the compromise, particularly on the long-term perspective.“The Recovery Instrument is an important step towards a new ambition for the Union: greener, more competitive and digital. This massive borrowing is an historical moment for the European Union, and we should not disregard what just happened.” However we regret that the Member States decided to entirely abandon the ‘bridge solution’, whose objective was precisely to provide immediate crisis response to the citizens, following the Covid-19 outbreak. In a context where the virus in on the rise again, citizens need certainty. Parliament will continue working hard to ensure that the recovery starts without delays. Furthermore, democratic oversight must be substantially increased: Parliament, as one arm of the budgetary authority will fight to be fully involved in the establishment and implementation of the Recovery Instrument”, said the EP’s negotiators on Tuesday.“The picture is much more negative when it comes to the EU long-term budget (the MFF). Parliament cannot accept the proposed record low ceilings as they mean renouncing to the EU’s long-term objectives and strategic autonomy, while citizens ask for more. More European solidarity, more European action in public health, in research and digitalisation, youth, and in the historical fight against climate change. Key programmes to reach these objectives have been considerably shrunk, and lost most of their top-ups under Next Generation EU. We will strive to secure improvements, including higher amounts, on future-oriented MFF programmes like Horizon, InvestEU, LIFE, Erasmus+. And if our conditions are not sufficiently met we will adopt the programmes on the basis of the existing MFF, as foreseen by the Treaty”, warned the members of the EP’s negotiating team.“The compromise is also a flagrant missed opportunity when it comes to modernising the revenue side, making it fairer and more transparent. The EU is now allowed to borrow funds but there is no certainty on how the debt will be repaid. Parliament has been clear: the recovery should not reduce investment capacities nor harm the national taxpayer. This is why new genuine own resources are the solution to repay the common debt, but the plastic-based contribution will not do the trick alone! We recall our strict demand to that respect: a binding commitment for the introduction of additional own resources as soon as 2021, and still in the course of the MFF 2021-2027. Furthermore, despite the United Kingdom leaving the EU, the insistence on the rebates has been extremely tough and results in a big step back for the European project: instead of being abolished, rebates are kept and even increased.Additionally, Parliament remains firmly against watering down the mechanism to reduce or suspend EU funding if a Member State disrespects the rule of law, and this issue should not be put off but addressed now. Parliament has stood ready to enter into negotiations under co-decision to continue building a Europe of fundamental rights.Parliament remains ready to immediately enter negotiations in order to achieve a better agreement for Europe”, the MEPs added.The EP’s negotiating team for the next long-term EU budget and Own Resources reform
Johan Van Overtveldt (ECR, BE), Chair of the Committee on Budgets
Jan Olbrycht (EPP, PL), MFF co-rapporteur
Margarida Marques (S&D, PT), MFF co-rapporteur
José Manuel Fernandes (EPP, PT), Own Resources co-rapporteur
Valérie Hayer (RENEW, FR), Own Resources co-rapporteur
Rasmus Andresen (Greens/EFA, DE)
The Council will now finalise its mandate to enter negotiations with Parliament, which will have a final say before the 2021-2027 budget can enter into force. The current multiannual budget runs out on 31 December 2020.Parliament will set out its conditions and take up negotiations with the German Presidency of the Council of the EU as soon as possible.

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EU tops up fisheries fund by €500 million to help recovery

Posted by fidest press agency su venerdì, 3 luglio 2020

The additional funding is part of the Recovery Package and follows earlier EU support measures to alleviate the immediate socio-economic impact on the sector. The Commission will work closely with EU countries to ensure that the additional funding contributes to a swift recovery, in line with the European Green Deal and the ambitions of the common fisheries policy.
For many coastal communities, who strongly rely on fisheries for their livelihoods, the social-economic impact of the coronavirus crisis was – and still is – dramatic. Businesses suffered severe losses because of the lockdown and the disruption of the European seafood market. With measures including support for temporary cessation, storage aid and temporary state aid, the Commission had swiftly taken actions to avoid a worst-case scenario.Now that economic activity is slowly picking up again, the Commission is moving to a second phase of action, which is to support the recovery. Last week, the Commission presented the Recovery Instrument, consisting of new financing raised on the financial markets (Next Generation EU) as well as a reinforced long-term budget for 2021-2027. As part of the proposal, the EMFF budget is strengthened with an additional €500 million. This is an increase of more than 8% compared to the budget initially proposed for the EMFF in 2018.This additional money will feed Member States’ programmes for 2021-2024, frontloading financial support in the crucial first years of recovery. Member States will have to channel this investment to the objectives of the European recovery plan. The Commission will work closely with them during the preparation of the future generation of EMFF programmes.
With the recovery plan, the Commission wants to repair the short-term damage from the crisis by investing in a sustainable, inclusive and fair future for Europe. In this respect, investment supported by the EMFF should strengthen the resilience of the sector and contribute to the European Green Deal, including the 2030 Biodiversity and the Farm to Fork strategies, as well as the circular economy. Moreover, all EMFF funding should continue to promote the achievement of the economic, social and environmental objectives of the common fisheries policy

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Deal struck on Clearing houses’ recovery and resolution plans

Posted by fidest press agency su martedì, 30 giugno 2020

Central counterparties (CCPs) should have detailed recovery plans with a harmonised set of tools for restoring their finances with no cost to taxpayers.A deal between the EP the Council negotiating teams struck on Tuesday evening provides a harmonised risk management system, designed to enable CCPs in difficulty to continue clearing services while minimising the risk that taxpayers might have to bail them out.CCPs sit between buyers and sellers of stock, bonds or derivatives and shoulder the risks of a transaction party default. Due to the growing value and volume of the transactions they handle, they have in recent years become systemically important and are often deemed “too big to fail”.Negotiators agreed to distinguish between a “default event” when one or more clearing members fail to honour their financial obligations and a “non-default event” such as a business failure incurring losses. They want CCPs to draw up comprehensive and effective plans for dealing with both cases. The main goal of a recovery plan is for a CCP to continue providing clearing services without any public financial support.CCPs are already obliged to hold capital and their clearing members contribute also to a default fund. In case of default of a clearing member, CCPs should use their own resources (skin in the game) and may require other financial contributions from non-defaulting members before the authorities step in.Additionally, MEPs introduced prohibition or restriction of dividends and bonuses in case of a default event caused by mismanagement. Such a provision for sound risk management that would keep CCPs’ capital available in case of recovery.Finally, negotiators agreed, following the EP team’s insistence, to introduce an additional, pre-funded second skin in the game to be used after the default fund, which would be further defined by ESMA. This proportional and risk-based requirement for additional funds would further contribute to the protection of taxpayers and increase the incentive for sound risk management.Member States where a CCP is established must designate one or more resolution authorities (such as national central banks or competent ministries), which would decide that a CCP is failing or likely to fail, and would be empowered to apply a combination of the resolution tools.Negotiators agreed on a closed list of resolution tools including cash calls (additional contributions) to non-defaulting members twice as big as a default fund, variation margin gains haircutting – reduction of the value of any gains payable by CCP to non-defaulting members, sale of business and government stabilisation tools as a last resort. They also envisaged a review clause in order to re-assess the list.
Resolution should aim not to incur greater losses for shareholders, creditors, clearing members and direct clients of the CCP than they would have incurred in the case of non-intervention and insolvency of the CCP – compliance with “no creditor worse off” principle.Negotiators agreed that when a CCP in a non-default case reduces payments to non-defaulting clearing members and clients it should recompense them, once its health is restored, through cash payments or ownership in future profits.
Additionally, it was agreed that contractual arrangements allowing clearing members to pass losses on to their clients in case of the resolution should also include, on an equivalent and proportionate basis, the right for clients to any compensation that clearing members receive. These provisions should also apply to indirect clients.Some technical work on the text is now under way by the services of the three institutions. Afterwards the agreement reached by the EP negotiating team will have to be approved by the ECON committee and a plenary vote. The Council also has to confirm it.

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Cos’è il Next Generation EU Recovery Plan e come funziona il QFP?

Posted by fidest press agency su martedì, 16 giugno 2020

Oggi dalle 14:30 alle 16:30 in vista del Consiglio europeo del 19 giugno, in cui i capi di Stato e di governo negozieranno le proposte della Commissione sul Next Generation Recovery Plan e sul QFP, il Quadro finanziario pluriennale 2021-2028, il Parlamento europeo organizza un webinar per presentare alla stampa la posta in gioco.Al seminario, aperto dal vicedirettore del Jacques Delors Institute di Berlino Lucas Guttenberg, interverranno la Commissaria europea alla Coesione e alle Riforme Elisa Ferreira e gli eurodeputati Jan Olbrycht (PPE, PL, tbc), José Manuel Fernandes (PPE, PT, tbc), Pierre Larrouturou (S&D, FR), Valérie Hayer (Renew, FR) e Rasmus Andresen (Verdi, DE). Olbrycht, Fernandes, Hayer e Andresen fanno parte del gruppo di negoziazione del QFP/risorse proprie del Parlamento europeo. Il webinar si terrà in inglese.

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EU future at stake: MEPs broadly welcome Commission’s recovery package proposals

Posted by fidest press agency su giovedì, 28 maggio 2020

Focussing on future generations, Commission President von der Leyen discussed the €750 billion recovery instrument within a revamped long-term EU budget in plenary.Following the presentation by Commission President Ursula von der Leyen and the pledge by the Croatian Council representative Nikolina Brnjac to work with member states to swiftly conclude negotiations with Parliament on the new package, political group leaders took the floor to outline their initial reactions. Click on names to view the individual statements.“European solidarity is back and we are opening a new chapter for the EU”, Manfred Weber (EPP, DE) said. The new money needs to be spent on fresh ideas and not on Europe’s old problems. “Solidarity goes hand in hand with responsibility”, therefore it must be clear how the money will be paid back, he said, calling for new own resources and for digital giants to pay their part.Iratxe García Perez (S&D, ES) thanked von der Leyen for an ambitious proposal and for giving the EP “the role it deserves” in the design of the recovery package. Warning that the survival of the European project is at stake, she urged the Council to adopt the new MFF by qualified majority to avoid keeping the EU “hostage by four member states that prefer a national response to a European one”.“It is a game changer, unprecedented in the history of Europe”, said Dacian Ciolos (Renew, RO). “The MFF and the recovery plan must focus on the future”, with the Green deal and digital agenda as building blocks, he said. “We may differ on some details, but I really welcome the approach”, he said, reminding member states that “the EU is not a cash machine. Solidarity comes with values”.Jörg Meuthen (ID, DE) rejected the package proposal as “completely wrong and nonsense”, without a proper legal basis and lacking responsibility or economic sense. The Commission wants to spend money “as if there was no tomorrow”. It is a huge price for European taxpayers, he concluded.Ska Keller (Greens/EFA, DE) urged: “We must not repeat the big mistakes of the past and force countries into austerity and blind market ideologies. Instead, we need to make sure that the money is well invested into projects that will help in the long term, create jobs and save the one planet that we have.”Johan van Overtveldt (ECR, BE) said: “If we are going to allow loans and grants, there must be clear conditions. The money needs to go to where it is most needed, and there must be safety mechanisms in place for our businesses. People working and saving should not have to “fork out” for these programmes”.“Instead of making a clean break with past dogmas”, the Recovery Plan stops “midstream” said Manon Aubry (GUE/NGL, FR). Welcoming the new proposals on Own Resources, she called for the crisis debt to be cancelled, for direct perpetual loans to member states, and for public support to be conditional on social considerations.The Commission has also unveiled its adjusted Work Programme for 2020, which will prioritise the actions needed to propel Europe’s recovery and resilience.

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A Green Recovery Stimulus for a post-COVID-19 Europe

Posted by fidest press agency su mercoledì, 20 maggio 2020

While assessing the full impact of the COVID-19 pandemic would be premature, it is already clear that this is the worst economic shock European economies have faced since World War II. The road to recovery will likely be long and bumpy. The European Commission’s Spring 2020 Economic Forecast projects the EU economy to contract by 7.4% in 2020, while the EU-wide
unemployment rate is expected to increase from 6.7% in 2019 to 9% in 2020, particularly affecting southern EU
Member States.The roadmap to recovery adopted by the European Council on 21 April calls for an “unprecedented investment effort” for a “more resilient, sustainable and fair Europe”2. In order to deliver on this mandate, the EU’s Recovery Fund, which the European Commission is about to unveil, should thus be both massive in size and scope as well as boldly transformative in its content. This is also in line with the resolution adopted by the European Parliament. Before the crisis, and following the European Parliament elections last year, the European Union embarked on a new five-year strategic roadmap in which the decarbonisation and digitalisation of our economies have been prioritised. Pre-crisis tense debates about the economic and social costs of ecological benefits will no doubt be re-ignited as the recovery package will be debated among European institutions and the public at large. After the adoption of adequate, immediate rescue measures, we now turn to the recovery phase. Echoing calls for a green recovery5, this paper6 argues that a European Parliament. 2020. “EU: Parliament adopts resolution on coordinated action to combat Coronavirus”, OneTrust, April.
The Jacques Delors Centre in Berlin and the Jacques Delors Institute in Paris have been publishing on immediate rescue
measures in response to the COVID-19 crisis, cf. Eisl A. 2020. Including the Launch of the European alliance for a Green
Recovery led by MEP Pascal Canfin, and the University of Oxford’s analysis of how green fiscal recovery packages can act
to decouple economic growth from GHG emissions, co-authored i.a. by Nicholas Stern and Joseph Stiglitz; recent blog post by
Geneviève Pons.The production of this paper was led by Europe Jacques Delors(Brussels), with the contribution of the Jacques Delors Institute (Paris) on sections 2.1, 2.2. and 2.3 dealing with the energy, mobility and innovation dimensions of this paper.
very large green investment plan delivers the necessary economic stimulus and builds resilience to future shocks.
Delivering on such an ambitious and transformative mandate can only happen under some specific conditions which need to be explicitly acknowledged.

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