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With a turnover of €750 billion in 2018, the EU blue economy is in good health. There were also 5 million people working in the blue economy sector in 2018, representing a significant increase of 11.6% compared to the year before.

2020 Blue Economy Report

By: EBR | Friday, June 12, 2020

Blue sectors contribute to the recovery and pave way for EU Green Deal

MEPs approved new rules to temporarily ensure favourable conditions for banks in order to support credit flows to companies and households and absorb losses, mitigating the severe economic consequences of the COVID-19 pandemic and the enforced confinement.

COVID-19: Revised rules to encourage banks to lend to companies and households

By: EBR | Thursday, June 11, 2020

Economic and Monetary Affairs Committee MEPs approve more flexibility in EU banks prudential rulebook to focus on lending to the COVID-19 stricken economy

The European Investment Bank (EIB) and BioNTech (Nasdaq: BNTX, BioNTech) concluded a €100 million debt financing agreement to support the development of BNT162, the company’s COVID-19 vaccine programme.

European Investment Bank to provide BioNTech with up to €100 million

By: EBR | Thursday, June 11, 2020

Investment Plan for Europe: European Investment Bank to provide BioNTech with up to €100 million in debt financing for COVID-19 vaccine development and manufacturing

Victor Negrescu is a Romanian MEP affiliated to the Socialists and Democrats (S&D) group in the European Parliament. He has recently been appointed rapporteur for the Culture Committee’s report on the EU digital education strategy.

MEP: Europe’s digital education strategy is key to future recovery

By: EBR | Thursday, June 11, 2020

As part of the European Commission’s recently revised long-term budget proposal, an increased outlay could go towards the digital up-skilling and re-skilling of citizens

“Disinformation in times of the coronavirus can kill. We have a duty to protect our citizens by making them aware of false information, and expose the actors responsible for engaging in such practices..."

Coronavirus: EU strengthens action to tackle disinformation

By: EBR | Wednesday, June 10, 2020

Commission and the High Representative are assessing their steps to fight disinformation around the coronavirus pandemic and are proposing a way forward

Weeks after the corona lockdowns began, EU governments were introducing beggar-thy-neighbour policies to protect their own jobs and business interests. To avoid mass bankruptcies, the Commission quickly softened the competition rules to allow bail-outs and guarantee schemes like payroll furloughs.

Economic recovery will be the battered EU’s ’Phoenix moment’

By: EBR | Tuesday, June 9, 2020

After a decade in the doldrums, the European Union is heading into a tempest. Already there, you say? No, what we’ve seen so far are just the squalls that presage a perfect storm

Most European countries are now slowly emerging from the lockdowns imposed to contain the new coronavirus.

How Europe Should Prepare for the Post-Coronavirus World

By: EBR | Tuesday, June 9, 2020

As European countries emerge from lockdown, Europe needs to prepare for the geostrategic shifts that will take place in the post-coronavirus world

The EU will allow the United Kingdom to trade with the EU free of tariffs only if it stays under EU rules such as those on labour standards and state aid. In other words, the EU wants the UK to stick to the EU rules without having any say about them.

Brexit deadline June 30 is nigh

By: N. Peter Kramer | Monday, June 8, 2020

British Prime Minister Boris Johnson almost died from the corona virus. However, in the Brexit negotiations with the European Union, the British negotiating position has been strengthened by the global reorientation of nation-states by the virus

Every EU member apart from island nations Cyprus and Malta, as well as rotating Council presidency holder Croatia, signed up to the pledge ahead of the transport council meeting that kicks off later on Thursday (4 June).

24 countries sign pledge to boost international rail routes

By: EBR | Thursday, June 4, 2020

Twenty-four European countries agreed on Wednesday (3 June) to work together on international rail transport and make it “an attractive alternative” over distances where it is currently not competitive

«The COVID-19 crisis shows the crucial importance of a well-performing social protection system. Let’s take the opportunity to invest in social protection as a structural solution to address the consequences of the COVID crisis, and not merely offer short-term measures.»

An EU minimum income framework is an urgent safety net after Covid-19

By: EBR | Thursday, June 4, 2020

The upcoming German EU presidency intends to take up an initiative for an EU framework for minimum income systems. Shannon Pfohman looks at what this should look like

“As a contributor to the Smart Borders Initiative from the first discussions with the European Commission, IDEMIA is looking forward to shaping the outcome of this major project, based on our comprehensive understanding of the current European systems.”

EU signs contract for large-scale biometric database to protect borders

By: EBR | Thursday, June 4, 2020

The European Union’s ICT agency for internal security and border control, eu-LISA, has signed a framework contract for a new biometric matching system which aims to create a database of fingerprints and facial images of more than 400 million third-country nationals by 2022

Before the pandemic struck, the prevailing wisdom in London was that if too little progress were made by June, UK Prime Minister Boris Johnson would have the good sense and political capital—following his bigger-than-expected election victory in December 2019—to ask for an extension, despite his repeated promises not to do so.

The Coronavirus Traps Brexit and Boris Johnson

By: EBR | Thursday, June 4, 2020

With the pandemic messing up the Brexit negotiations and weakening the British prime minister, prospects for a wide-ranging UK-EU deal by the end of 2020 are vanishing fast

Commissioner Hahn pointed out that the increased budget proposal will “beef up” the EU’s crisis management in agriculture, by enabling a well-functioning crisis reserve to be used in time fo needs.

Commission defends reinforced CAP budget to greening EU’s farming

By: EBR | Wednesday, June 3, 2020

It is very difficult to make EU’s main farm policy greener when figures on the bottom line are red, budget Commissioner Johannes Hahn said on Tuesday (2 June) in an attempt to uphold the latest proposal of increased spending for the Common Agricultural Policy (CAP)

The consultation seeks to gather views, evidence and data from people, businesses, online platforms, academics, civil society and all interested parties to help us shaping the future rulebook for digital services.

Commission launches consultation to seek views on Digital Services Act package

By: EBR | Tuesday, June 2, 2020

Commission launches a public consultation on the Digital Services Act, a landmark package announced in the Commission’s digital strategy “Shaping Europe’s Digital Future”

The Swedish MEP referred to the UN’s emissions gap report for 2019 published in November, which highlighted the need to cut global emissions by 7.6% annually in order to meet the 1.5-degree target of the Paris Agreement.

EU lawmakers debate 65% climate target proposal

By: EBR | Friday, May 29, 2020

The European Parliament’s environment committee discussed for the first time on Thursday (28 May) a proposal by Swedish MEP Jytte Guteland to set an EU-wide CO2 reduction target of 65% by 2030

With many questions on safely restarting tourism in the EU up in the air, the Commission pointed out that cooperation between the member states has improved and lifting travel restrictions, including opening borders, should be based on set criteria and strong health protocols. The Commission is encouraging member states to introduce certification schemes for safe travelling. A similar EU-level action, however, will not be feasible ahead of this summer.

Summer holidays: MEPs demand more clarity for tourism in COVID-19 crisis

By: EBR | Friday, May 29, 2020

MEPs gave overall positive feedback on the Commission’s transport and tourism package; however, many insist on more concrete actions and financial support ahead of the summer holidays

"While much of the focus is on the levels and terms of allocation of EU funds to member states, the importance of European level initiatives must not be overlooked, so the Recovery Plan and next MFF need to be carefully coordinated."

EUROCHAMBRES: ‘Next Generation EU’ & EU budget, no time to lose!

By: N. Peter Kramer | Thursday, May 28, 2020

EUROCHAMBRES President Christoph Leitl welcomed today’s European Commission proposal for a ‘Next Generation EU’ recovery instrument and Multiannual Financial Framework (MFF), arguing that it reflects a commonly shared view that the EU has an important role to play in the response

Most of the funding will be provided through grants, with possible top-ups via loans. The total amount of grants available will be €310 billion (in constant prices; 335 billion in current prices), while an additional €250 billion in loans (in constant prices; 268 billion in current prices).

Questions and Answers on the EU budget for recovery: Recovery and Resilience Facility

By: EBR | Thursday, May 28, 2020

The new Recovery and Resilience Facility will provide large-scale financial support to reforms and investments undertaken by Member States

The recovery fund debt won’t on its own be able to rival the region’s current fixed-income instrument of reference, Germany’s trillion euro bond market, but it might form the basis of an issuance programme that eventually could.

Recovery fund brings EU one step closer to fiscal union

By: EBR | Thursday, May 28, 2020

A European Commission plan to issue large amounts of common EU bonds under a coronavirus recovery fund potentially marks the first step towards the euro zone finally getting a region-wide safe-haven asset, investors said

«While the EU will need to craft a new, updated, Security Strategy and an inspiring State of the Union speech, while videoconferencing in 2020 the Convention for the future of Europe, Brussels should stop complaining about infodemics and great power competition pressures and start acting and speaking like a great power.»

Global Europe needs a Great Power sounding stratcom, not naivete

By: EBR | Wednesday, May 27, 2020

The anniversary of 70 years since the Schuman Declaration has been a great moment for reflecting on European values and history

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