Fittex
Recent threats in the Red Sea: Economic impact on the region and on the EU
Since mid-November 2023, the Iran-backed Houthi militia, which controls large parts of Yemen, has attacked numerous Western commercial ships near the Bab el-Mandeb Strait in the Red Sea. In response, major shipping companies have temporarily suspended Suez transits and diverted their trade. This diversion coincides with decreasing freight in another maritime chokepoint, the Panama Canal, provoked by lowered water levels. Rounding South Africa via the Cape of Good Hope is the shortest alternative ...
Key Issues in the European Council - State of play in March 2024
This EPRS publication, 'Key issues in the European Council', which is updated every quarter to coincide with European Council meetings, seeks to provide an overview of the institution's activities on major EU issues. It analyses 12 broad policy areas, explaining the legal and political background, the main priorities and orientations defined by the European Council and the results of its involvement to date, as well as some of the future challenges in each policy field.
Public hearing with Dominique Laboureix, Chair of the Single Resolution Board - 21 March 2024
This briefing has been prepared for the public hearing with the Chair of the Single Resolution Board (SRB), Dominique Laboureix, scheduled for 21 March 2024. This briefing addresses: • New SRM strategy: Vision 2028 • Single Resolution Fund at target level • Liquidity and liquidity in resolution • MREL dashboard Q3/2023 • List of consultations and requests to the industry.
Outlook for the meetings of EU leaders, 21-22 March 2024
At the 21-22 March European Council meeting, discussions will focus on Ukraine, security and defence, the Middle East and enlargement. Concerning security and defence, EU leaders will consider the new European defence industrial strategy presented by the European Commission. On Ukraine, they are expected to reiterate their commitment to supporting the country, and welcome the establishment of a Ukraine Assistance Fund regarding military aid as well as the 13th package of sanctions against Russia. ...
Overly reliant on central bank funding? Consequences of exiting TLTRO
This study analyses potential consequences of exiting the Targeted Long-Term Refinancing Operations (TLTRO) of the European Central Bank (ECB). Thanks to its asset purchase programs, the Eurosystem still holds plenty of reserves even with a full exit from the TLTROs. This explains why voluntary and mandatory repayments of TLTRO III borrowing went smoothly. Nevertheless, the more liquidity is drained from the banking system, the more important becomes interbank market borrowing and lending, ideally ...
Lithuania's National Recovery and Resilience Plan: Latest state of play
Under the Recovery and Resilience Facility (RRF), Lithuania's national recovery and resilience plan (NRRP) had an initial value of €2 224 million. In June 2022, Lithuania's grant allocation was revised downwards to €2 100 million (- 5.6 %). In October 2023, however, Lithuania submitted a request to amend its NRRP, which includes an additional grant allocation of €193.7 million for a new REPowerEU chapter and a loan request worth €1 551.7 million. Lithuania also requested to transfer a portion of ...
Capital Markets Union: Ten Years Later
The European Union’s project of capital markets union (CMU) has disappointed in its first decade. The best way to revitalise it is to focus on supervisory integration through in-depth reform and further empowerment of the European Securities and Markets Authority. If, conversely, more integrated supervision cannot be achieved, then it may be time to discard the CMU slogan altogether. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee ...
Latvia's National Recovery and Resilience Plan: Latest state of play
Under the Recovery and Resilience Facility (RRF), Latvia's national recovery and resilience plan (NRRP) had an initial value of €1 826 million. In June 2022, Latvia's grant allocation was revised slightly upwards to €1 835 million. In September 2023, Latvia submitted a request to amend its NRRP, to which it added a REPowerEU chapter endowed with an additional grant allocation of €124 million. It also requested to transfer a portion of its share of the Brexit Adjustment Reserve to its plan (€11 million ...
Public hearing with Claudia Buch, Chair of the ECB / SSM Supervisory Board - 21 March 2024
This briefing has been prepared for the public hearing with the Chair of the Single Supervisory Mechanism (SSM), Claudia Buch, scheduled for 21 March 2024. This briefing addresses: • SSM priorities in the transition between chairpersons • Overly reliant on central bank funding? • SREP results 2023 • Latest supervisory banking statistics • Stress-testing banks’ ability to recover from a cyberattack • Updated guide to internal models • Significant banks’ exposures to Commercial Real Estate ...
Il-koeżjoni ekonomika, soċjali u territorjali
L-Unjoni Ewropea qed issaħħaħ il-koeżjoni ekonomika, soċjali u territorjali tagħha biex tippromwovi l-iżvilupp armonizzat ġenerali tagħha. B’mod partikolari, l-UE għandha l-għan li tnaqqas id-disparitajiet bejn il-livelli ta’ żvilupp tad-diversi reġjuni tagħha. Tingħata attenzjoni speċjali liż-żoni rurali, iż-żoni milquta minn tranżizzjoni industrijali, u r-reġjuni li jbatu minn żvantaġġi naturali jew demografiċi serji u permanenti, bħal pereżempju r-reġjuni tat-Tramuntana mbiegħda b’densità tal-popolazzjoni ...