EU Economy and Finance

Ever wondered how does the EU estimate its long-term economic capacity - not just for next year, but decades ahead? The answer is EUCAM 🟰 the EU’s Commonly Agreed Methodology for estimating how much an economy can sustainably produce & whether it is running above or below that level. Why is EUCAM important? ✅ It gives all member states a shared framework for economic analysis; ✅ It supports better-informed policy decisions; ✅ It helps look at both the short-term and long-term future - even up to 50 years ahead! 🔗 Read more about EUCAM in our newest publication ➡️ https://lnkd.in/eD2xDbi7

How does EU funding help turn reform plans into real change? Our new publication shows how #NextGenerationEU helped Slovenia move forward with major reforms that resulted in: ✅ a unified long-term care system ✅ progress in modernising the public sector ✅ stronger long-term fiscal sustainability as the population ages 🔗 Read more: https://lnkd.in/etTKrbt5

🎥 What happens when citizens from across Europe are invited to help shape the conversation on the European Union's new long-term budget?   Last year, from March to May, 150 randomly selected citizens from all 27 EU Member States came together for the European Citizens' Panel on the new European budget.   This short documentary follows several participants from their hometowns across Europe to Brussels, offering an authentic look at this unique democratic exercise through the eyes of the people who experienced it.   Listen to their reflections on the Citizens' Panel, discover how they worked together, and hear what they believe the EU budget should prioritise!   The recommendations developed during the Panel were published alongside the European Commission's proposal for the next long-term EU budget as a dedicated Commission Staff Working Document.   📖 Read the Commission's proposal for the next long-term EU budget: https://lnkd.in/e2d3AAsw 📄 Read the Commission Staff Working Document with the recommendations of the European Citizens' Panel: https://lnkd.in/eDRuY-MU

In the EU, filing a tax return is straightforward for some, but a challenge for others. And many prefer to leave it to tax professionals 🇪🇺📃💻    Overall, across the EU, 52% of EU citizens say that filing their tax return is easy, while 22% find it difficult. And 8% indicate using professional help for filing their taxes.    The new 2026 Annual Report on Taxation (ART) also shows that:    🇸🇪 🇪🇪 🇫🇮 Sweden, Estonia, and Finland have the highest shares of citizens who say filing taxes is easy ⬆️ 🇸🇰 🇩🇪 🇧🇬 Slovakia, Germany, and Bulgaria have the highest shares of citizens who say filing taxes is difficult ⬇️    🇮🇹 🇸🇰 🇬🇷 Italy, Slovakia, and Greece have the highest shares of citizens who say they rely on professional help 👔    Simplifying tax admin is not only about a good experience for citizens. It can also support compliance and increase revenues.   Want to learn more? The ART 2026 explores the reasons why taxpayers might decide to comply – or not – with tax rules.    Discover the full findings here 🔗 https://lnkd.in/e_aCKp7n    #EUTaxation 

A stronger Europe through a more competitive banking sector 💪🇪🇺 👇 #DGFISMA

📣 A new & fresh Quarterly Report on the Euro Area is out now! It covers: 📊 inflation and the labour market 💭 inflation perceptions and dynamics 💼 the impact of migration and mobility on the euro area labour market Get it here ➡️ https://lnkd.in/duvAvuFk

🏦 A stronger, more competitive banking sector for Europe. The European Commission has adopted a 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝘀𝗲𝗰𝘁𝗼𝗿, a key building block of the Savings and Investments Union. The goal: a banking sector strong enough and at a scale that enables it to finance Europe's strategic priorities, such as innovation, the clean transition, and defence, while delivering high-quality services to households and businesses. We have identified three challenges holding the sector back, and set out measures to address each: 1️⃣ 𝗙𝗿𝗮𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝗹𝗼𝗻𝗴 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗹𝗶𝗻𝗲𝘀 is preventing EU banks from scaling up, competing globally, and finding cross-border efficiencies. The response: reducing prudential and non-prudential barriers to cross-border activity, allowing banking groups to use capital and liquidity more efficiently across the EU, and a simpler, more effective common deposit protection mechanism in the Banking Union. 2️⃣ 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 (𝗕𝗮𝘀𝗲𝗹 𝗜𝗜𝗜) 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀 doesn't always reflect EU specificities. The response: re-assessing how certain standards have been transposed where they may limit lending capacity, and considering revisions to prudential and corporate governance rules that reflect banks' size, business models, and activities. 3️⃣ Some EU 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝗿𝘂𝗹𝗲𝘀 are too complex, including the interaction between microprudential, macroprudential and resolution rules. The response: simplifying the capital stack, further harmonising macroprudential buffers, streamlining resolution requirements and processes, and adapting rules for small and non-complex institutions. 𝗡𝗲𝘅𝘁 𝘀𝘁𝗲𝗽𝘀: building on stakeholder feedback, the Commission will propose a package to amend the banking regulatory framework in Q1 2027, in line with the One Europe, One Market roadmap. Stakeholders are welcome to submit further views in the months ahead. 👉 Read the Communication and share your views: https://lnkd.in/dadRWm-T #DGFISMA

With many reforms and investments now implemented under #NextGenerationEU, how has the Recovery and Resilience Facility (RRF) supported economic growth so far? In this new VoxEU (CEPR - Centre for Economic Policy Research) column, ECFIN’s Dino Pinelli examines the macroeconomic impact of the RRF in Italy, Spain and Greece, highlighting its role in supporting the post-COVID recovery. The analysis points to: 📈 positive impact on real GDP 💼 stronger employment and investment outcomes in all three countries 🚀 likely positive effect on potential output in the years ahead 📰 Read the column: https://lnkd.in/e9rvA4tj