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The European Commission has adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy. Today's measures aim to make it easier for capital markets to support European businesses to recover from the crisis.
In an extraordinary plenary session, MEPs commented on the 17-21 July European Council deal on EU financing and the recovery plan to tackle the pandemic fallout.
EU leaders agreed a recovery package and the 2021-2027 budget that will help the EU to rebuild after the pandemic and will support investment in the green and digital transitions.
The EU is supporting the economic recovery in all Member States by injecting almost €2.2 billion into 140 key transport projects. These projects will help build missing transport links across the continent, support sustainable transport and create jobs.
The European Commission has adopted an ambitious new Tax Package to ensure that EU tax policy supports Europe's economic recovery and long-term growth. The Package is built on the twin pillars of fairness and simplicity.
Finance ministers exchanged views on the progress achieved on measures to respond to the COVID-19 crisis at EU level. They held a discussion on the priorities to bring the capital markets union forward. They also took stock of the convergence reports for the adoption of the single currency by non-euro member states published by the European Commission and the European Central Bank.
The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels.
The European Commission and the European Investment Bank (EIB) Group have delivered on their pledge to mobilise €500 billion in investment under the Investment Plan for Europe.
The Commission has today proposed an EU budget of €166.7 billion for 2021, to be complemented by €211 billion in grants and approximately €133 billion in loans under Next Generation EU. Together, the annual budget and Next Generation EU will mobilise significant investments in 2021 to address the immediate economic and social damage caused by the coronavirus pandemic, kick-start a sustainable recovery and protect and create jobs.
Parliament has adopted new legislation on sustainable investments. It lays down six environmental objectives and allows economic activity to be labelled as environmentally sustainable if it contributes to at least one of the objectives without significantly harming any of the others.
The European Investment Bank (EIB) Group is joining forces with Banco Sabadell to support small and medium-sized enterprises (SMEs) – the businesses most affected by the economic impact of COVID-19.
EU energy ministers had an exchange of views on the economic recovery after the Covid-19 crisis and the European Green Deal, with a focus on innovative energy solutions.
The incumbent Eurogroup president, whose term comes to an end on 12 July, informed ministers of the process for electing a new president. The Eurogroup discussed the sixth enhanced surveillance report on Greece and published a statement on the release of policy-contingent debt measures. In inclusive format, ministers exchanged views on the economic situation and economic recovery plans following the COVID-19 pandemic.
The Commission released the results of the 2020 Digital Economy and Society Index (DESI), which monitors Europe's overall digital performance and tracks the progress of EU countries with respect to their digital competitiveness.
Today, the European Commission published “The EU Blue Economy Report 2020”, providing an overview of the performance of the EU economic sectors related to oceans and the coastal environment.