Agreement reached on Structural Reform Support Programme – a new tool to help Member States implement reforms
On 8 February, the European Commission, the European
Parliament and the Council of Ministers reached agreement on the
Structural Reform Support Programme (SRSP). With a budget of EUR 142.8
million to cover 2017-2020, the programme provides financing for the
technical support that the Commission makes available to Member States
at their request. This support is coordinated and offered by the
Commission's Structural Reform Support Service (SRSS). The Commission
set up the Structural Reform Support Service in July 2015 to help EU
Member States design and implement reforms, including by making
efficient and effective use of EU funding. The SRSS currently promotes
and assists with reforms in nine Member States. Reforms include the
management of public finances and tax administration, reform of justice
systems, and fighting fraud, corruption and money laundering. They can
also improve the business environment or the labour market, as well as
equip people with the right skills, education and training for today's
job market.
See also :
Structural Reform Support Service (SRSS)
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Real Economy episode looks at combining ESIF and EFSI funds to reduce risk for investors, create jobs and spur growth
In the latest edition of Real Economy, Euronews spoke with
the European Commission’s vice president in charge of investments, and
the commissioner of regional affairs, to talk about one way they suggest
Europe can create jobs: by increasing the confidence of risk averse
investors. The plan is to get risky projects that need money to combine
grants given by the European Structural and Investment Funds (ESIF) with loans from the European Fund for Strategic Investments
(EFSI). The ESIF has supported 2 million enterprises from funds of EUR
454 billion for 2014-2020 and is expected to generate 576,000 new jobs
during the same period. According to Jyrki Katainen, European Commission
Vice-President for Jobs, Growth, Investment and Competitiveness, “it is
just according to common sense to blend different financing sources” by
combining ESIF and EFSI
funding. Katainen notes that the International Labour Organisation now
says that EFSI will help create 2.1 million new jobs, far more than the
original estimate of 1.3 million new jobs. He adds: “All the
uncertainty which we can see coming from outside Europe, or sometimes
even from within, is poison for investments. So, we want to underline
the importance of [a] rule-based world economy.”
See also :
Euronews
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International trade in goods surplus EUR 28.1 billion for euro area, EUR 20.9 billion for EU
The first estimate for euro area exports of goods to the rest
of the world in December 2016 was EUR 178.6 billion, an increase of 6%
compared with December 2015 (EUR 168.7 billion). Imports from the rest
of the world stood at EUR 150.5 billion, a rise of 4% compared with
December 2015 (EUR 144.4 billion). As a result, the euro area recorded a
EUR 28.1 billion surplus in trade in goods with the rest of the world
in December 2016, compared with a surplus of EUR 24.4 billion in
December 2015. Intra-euro area trade rose to EUR 137.4 billion in
December 2016, up by 5% compared with December 2015. The euro area
recorded a surplus of EUR 273.9 billion, compared with +EUR 238.7
billion in January-December 2015. Intra-euro area trade rose to EUR
1,709.3 billion in January-December 2016, up by 1% compared with
January-December 2015. The first estimate for extra-EU exports of goods
in December 2016 was EUR 164.4 billion, up by 5% compared with December
2015 (EUR 156.1 billion). Imports from the rest of the world stood at
EUR 143.5 billion, up by 6% compared with December 2015 (EUR 135.4
billion). As a result, the EU recorded a EUR 20.9 billion surplus in
trade in goods with the rest of the world in December 2016, compared
with +EUR 20.6 billion in December 2015. Intra-EU trade rose to EUR
247.7 billion in December 2016, an increase of 5% compared with December
2015.
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