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Europe Daily Bulletin No. 13445

4 July 2024
Contents Publication in full By article 12 / 33
ECONOMY - FINANCE - BUSINESS / Economy
‘European Fiscal Board’ recommends significant efforts to consolidate public finances in euro area by 2025
Brussels, 03/07/2024 (Agence Europe)

In a report published on Wednesday 3 July, the European Fiscal Board (EFB) recommends “a sizeable restrictive fiscal impulse” in 2025 at euro area level in light of the macroeconomic situation and the gradual implementation of the reform of the Stability and Growth Pact.

The EFB believes that this budgetary effort should be focused primarily on those member states with very high debt levels, citing “Belgium, Greece, Spain, France and Italy”. These countries should “seize the...

Contents

EXTERNAL ACTION
Interview DEVELOPMENT: “We cannot achieve sustainable development goals with public resources alone”, says Jutta Urpilainen
NORTH KOREA: EU condemns new ballistic missile launches
SECTORAL POLICIES
HOME AFFAIRS: new European Union Drugs Agency begins work with broader mandate
RESEARCH: Canada joins EU’s framework programme for research and innovation Horizon Europe
REGIONS: local and regional leaders working to improve EU support for regions facing a just and difficult transition
ENVIRONMENT: a new report from European Environment Agency puts climate transition on European Commission’s strategic agenda
CLIMATE: EEB highlights mixed results of Belgian Presidency of EU Council in continuing efforts of ‘European Green Deal’
CLIMATE: European Climate Neutrality Observatory says EU moving in right direction, but still too slowly
ENERGY: EU adopts new rules to reduce energy consumption of industrial fans
DIGITAL: Europe’s hotel industry calls on DMA to counter Booking’s monopoly status
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: search and rescue at sea, EU Agency for Fundamental Rights calls for better cooperation between Member States and NGOs
ECONOMY - FINANCE - BUSINESS
ECONOMY: ‘European Fiscal Board’ recommends significant efforts to consolidate public finances in euro area by 2025
TAXATION: simple, stable and predictable rules and use of revenue for growth can contribute to EU’s competitiveness
COMPETITION: European Commission finally approves, subject to conditions, acquisition of ITA by Lufthansa and Italian Ministry of Economy and Finance
STATE AID: European Commission authorises France to provide €10.82 billion in support for development of offshore wind farms
HUNGARIAN PRESIDENCY OF THE COUNCIL OF THE EUROPEAN UNION
HEALTH: pharmaceutical package, fight against cardiovascular disease and organ donation are Hungary’s priorities for its Presidency of EU Council
FISHERIES: Hungarian Presidency of EU Council to focus on development of sustainable aquaculture
RESEARCH: Hungarian Presidency of EU Council declares its willingness to examine obstacles to European research ecosystems effectiveness
FOREIGN AFFAIRS: Hungarian Presidency of EU Council makes organisation of EPC a priority
Russian invasion of Ukraine
TRANSPORT: total value of trade via Solidarity Lanes is estimated at around €163 billion since May 2022
JUSTICE: one year after launch of International Centre for Prosecution of Crime of Aggression in Ukraine, 2,000 evidence files have been submitted
MEDIA: UN working group condemns arbitrary detention of American journalist Evan Gershkovich in Russia
EP2024
ECR: MEPs Nicola Procaccini and Joachim Brudziński elected co-chairs of Conservative Group in European Parliament
S&D: S&D Group in European Parliament continues its discussions on priorities for 2024-2029 term of office
THE LEFT: Manon Aubry and Martin Schirdewan re-elected Co-Chairs of The Left Group in European Parliament
SECURITY - DEFENCE
DEFENCE: European Investment Fund and NATO Innovation Fund strengthen cooperation
NEWS BRIEFS
BANKS: annulment of 2022 contribution made by Volkskreditbank to ‘Single Resolution Fund’
COURT OF JUSTICE: EU Council appoints three judges and advocate-general to EU Court of Justice
CUSTOMS: centralised clearance for import system goes live in eight EU Member States
ECONOMY: green light for a targeted revision of Greece’s recovery plan
ECONOMY: euro area inflation estimated at 2.5% in June
ENERGY: market share of largest energy companies falling in 2022, according to Eurostat
NATO: Transatlantic Quantum Community held its inaugural meeting