Live Breaking News & Updates on European Semester Autumn

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European Commission flags trade risks for Cyprus economy

The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions. ....

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EU Push for Tighter Fiscal Policies in 2024

Fiscal policy: The EU Commission has presented its opinion on the 2024 draft budgets for the euro area member states in its European Semester Autumn Package. The main conclusion is that The Draft Budgetary Plans of Belgium, Finland, France, and Croatia risk not being in line with the Council Recommendations. German budget plans are not fully in line with the recommendations and Germany should wind down energy support measures as soon as possible. The fiscal rules of the EU have not functioned well, and no country had ever received a fine for breaching the rules. Hence, the impact on the opinion from the Commission might not mean much. Yet, with new fiscal rules being currently negotiated the possibility of stronger enforcement next year increased the risk that countries such as France and Belgium have to adjust to more austere fiscal policy in 2024. ....

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2023 European Semester: Autumn Package - guide — EUbusiness.com | EU news, business and politics

The European Commission launched on 23 November the 2023 European Semester cycle of economic policy coordination. ....

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Brussels Playbook: Russian oil price cap — Hungary's money — Kosovo woe – POLITICO

Brussels Playbook: Russian oil price cap — Hungary's money — Kosovo woe – POLITICO
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Commission unveils significant actions to contribute to European defence, boost innovation and address strategic dependencies

The Commission has put forward a number of Commission-led initiatives in areas critical for defence and security within the European Union. These comprise a Contribution to European defence, covering the full range of challenges, from the conventional defence industry and equipment on land, sea and air, to cyber, hybrid and space threats, military mobility and […] ....

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