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Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty.
The Investment Plan for Europe is now expected to trigger more than €168 billion in total investments. This comes just two years after the Plan was launched by the Juncker Commission and represents well over half of the €315 billion target of total investments mobilised that was originally earmarked.
The Council discussed growth prospects and macroeconomic imbalances under the 'European Semester', the EU's annual policy monitoring process. It adopted conclusions and approved a draft recommendation on the economic policies of the euro area.
One year after adopting its Circular Economy Package, the Commission today reports on the delivery and progress of key initiatives of its 2015 Action Plan.
Today the Commission is presenting an ambitious and balanced package of measures that will make it easier for companies and professionals to provide services to a potential customer base of 500 million people in the EU.
The European Commission today adopted its long-term plan to give fresh impetus to the management of the Customs Union, a basic pillar of the European Union which supports and protects the Single Market.
The Council made further progress on preventing corporate tax avoidance, achieving a broad consensus on a draft directive. Ministers also adopted a directive granting access for tax authorities to information held by authorities responsible for the prevention of money laundering.
The European Commission has unveiled a series of measures to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Our proposals will allow consumers and companies, in particular start-ups and SMEs, to buy and sell goods and services more easily online.
The Council adopted conclusions on measures to support early stage researchers and raise the attractiveness of scientific careers. It also agreed on a general approach to ban unjustified geo-blocking within the internal market and assessed the progress made on the single market strategy one year after its launch.
Commission takes on board findings of three evaluations, in line with its proposal to reinforce and expand the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe.
The European Commission has today proposed new rules to ensure that systemic market infrastructures in the financial system, known as Central Counterparties (CCPs), can be dealt with effectively when things go wrong.
This proposal builds on existing EU banking rules and aims to complete the post-crisis regulatory agenda by making sure that the regulatory framework addresses any outstanding challenges to financial stability, while ensuring that banks can continue to support the real economy.
The Council and European Parliament reached agreement on a 2017 EU budget. Total commitments were set at €157.88 billion and payments at €134.49 billion.
Commission sets EU's economic and social priorities for the year ahead, confirms the need to move towards a more positive fiscal stance for the euro area, and completes assessment of euro area Member States' Draft Budgetary Plans.
Economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors.
The Council agreed on the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters. It also agreed on a proposal granting access for tax authorities to information held by authorities responsible for the prevention of money laundering.
Parliament demanded more funds, to help young people into jobs, boost economic growth and assist third countries with a view to mitigating the migration crisis, in a plenary vote.