EESC advocates for protection of humanitarian aid and civil society in EU sanctions legislation

In its March plenary, the European Economic and Social Committee (EESC) adopted an opinion urging the European Institutions to address the fragmented implementation of foreign policy sanctions across Member States. The EESC is concerned about the inconsistency in standards and in the application of sanctions in national legislation, and is calling for immediate action to […]

Euro area bank interest rate statistics: February 2023

Composite cost-of-borrowing indicator for new loans to corporations increased by 22 basis points to 3.85%; indicator for new loans to households for house purchase increased by 14 basis points to 3.24%, both driven by interest rate effect Composite interest rate for new deposits with agreed maturity from corporations increased by 30 basis points to 2.31%; interest rate for overnight deposits from corporations increased by […]

Monetary developments in the euro area: February 2023

Annual growth rate of broad monetary aggregate M3 decreased to 2.9% in February 2023 from 3.5% in January Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -2.7% in February, compared with -0.8% in January Annual growth rate of adjusted loans to households decreased to 3.2% in February from 3.6% in January Annual […]

YEYS! 2023: Youth ask for a more transparent, digital and simplified EU

On 23 and 24 March, the European Economic and Social Committee (EESC) hosted the 14th Your Europe, Your Say! (YEYS!) event, bringing 105 students from 35 schools from all 27 EU Member States and the seven candidate countries to Brussels. Given the many societal and economic challenges, a shrinking civic space and threats to peace […]