This briefing outlines recent and past developments concerning Romania’s fiscal situation and the steps taken under the Excessive Deficit Procedure. On 4 June 2025, the Commission issued a recommendation stating that Romania had failed to take effective corrective action. Should the Council adopt a decision in this regard, the Commission would be obliged to propose the suspension of payments or commitments under the ESI Funds and the RRF. Such a suspension could carry significant economic and social repercussions. Finally, this briefing recounts the situation of Spain and Portugal which also faced a suspension of payments in 2016, and highlights the role of the European Parliament in this process. Source : © European Union, 2025 - EP

The Artificial Intelligence (AI) Act regulates AI systems according to the risks they pose, and general-purpose AI (GPAI) models according to their capabilities. Published in July 2024, the AI Act should take at least three years to come fully into effect. Guidelines, standards, and codes that complement the act are expected. Source : © European Union, 2025 - EP

Effective consumer protection policy ensures that the single market functions properly. It safeguards consumers’ rights against merchants and provides extra protection for vulnerable consumers. Consumer protection rules can boost market outcomes overall. They promote fairer markets and, with better consumer information, foster greener, more social outcomes. Empowering consumers and safeguarding their interests are key EU policy goals. Source : © European Union, 2025 - EP

Information and communication technologies (ICTs), as well as data services, now surpass traditional telephone services in importance for both consumers and businesses. With the surge in on-demand content and 4G/5G growth, the EU has introduced a telecommunications regulatory framework. This encompasses all types of telecommunications, including broadcasting. Research indicates that telecommunications services, network equipment, content and applications contribute up to EUR 1 trillion to the EU’s GDP annually, representing about 4.7% of the EU’s GDP. Source : © European Union, 2025 - EP

Youth is a national policy area, so EU-level harmonisation is not possible. The EU therefore plays a supporting role, especially when it comes to mobility and opportunities across the EU. For instance, Key Action 1 of the Erasmus+ programme about mobility for individuals encourages exchanges of young people within the EU and with third countries. Over the past few years, the European Union has strengthened its policies towards young people, as illustrated by the European Solidarity Corps programme and the DiscoverEU project. Source : © European Union, 2025 - EP

As the second pillar of the common agricultural policy (CAP), the EU’s rural development policy is designed to support its rural areas and meet the wide range of economic, environmental and societal challenges they face. Greater flexibility (in comparison with the first pillar) enables regional, national and local authorities to formulate their rural development support schemes based on a ‘menu’ of EU-wide measures. Unlike the first pillar, which is entirely financed by the EU, second-pillar programmes are co-financed by EU funds and regional or national funds. Source : © European Union, 2025 - EP

The European Ombudsman conducts inquiries into cases of maladministration by European Union institutions, bodies, offices and agencies, acting on their own initiative or on the basis of complaints from EU citizens, or any natural or legal person residing or having their registered office in a Member State. The Ombudsman is elected by the European Parliament for the duration of the parliamentary term. Source : © European Union, 2025 - EP

Ukraine was granted EU candidate status in June 2022. Accession negotiations were opened in June 2024. While bilateral screening meetings of three thematic clusters have been completed, negotiations proper have not yet started, pending unanimous agreement of EU Member States. The European Parliament is calling for the timely organisation of subsequent intergovernmental conferences. Source : © European Union, 2025 - EP

The internal market is an area that fosters prosperity and enables the free movement of goods, services, people and capital. As the world’s largest single market, it leverages its scale to create jobs, drive business opportunities and promote European standards globally. It also tackles ongoing global challenges, such as the COVID-19 pandemic and Russia’s war of aggression against Ukraine, which have led to restrictions of free movement and shortages of goods and services. Source : © European Union, 2025 - EP

The EU’s relationship with the Pacific region has political, economic and development dimensions. The EU is the Pacific region’s second largest trading partner. Australia and New Zealand are the EU’s like-minded partners, facing common geostrategic challenges and promoting multilateralism and a global rules-based order. In June 2018, negotiations were launched for a comprehensive EU-Australia free trade agreement (FTA) and the fifteenth round of negotiations took place in April 2023. The EU signed an FTA with New Zealand in July 2023.Under the Samoa Agreement the EU has a partnership with the 15 Pacific Island Countries (PICs) that centres on development, fisheries and climate change. It also has partnerships with the three Pacific Overseas Countries and Territories (OCTs). Source : © European Union, 2025 - EP

This briefing analyses the reasons behind changes to national Recovery and Resilience Plans (RRPs) and identifies potential drivers. It provides a reflection on the transparency of the process which may be of relevance to the remaining remaining duration of the Recovery and Resilience Facility (RRF), set to expire in August 2026, as well as the design of future EU instruments. Source : © European Union, 2025 - EP

The EU launched digital partnerships with several Asian countries and Canada in 2022 and 2023, to promote human-centric, responsible, sustainable and inclusive technology governance. These partnerships help the EU to address vulnerabilities like foreign technology dependence and cybersecurity threats, aligning with its Indo-Pacific cooperation strategy. The EU and the partner countries usually meet once a year at ministerial level to discuss topics of mutual interest. Source : © European Union, 2025 - EP

This study focuses on the recent development of the market for plant-based seafood substitutes and the challenges that it has generated for the EU fisheries sector in terms of labelling. The study shows that potentially non-compliant marketing strategies indeed exist on a large scale, and provides an overview of national initiatives to tackle such issues. Finally, it proposes some adjustments to the current EU legal framework, to ensure that the labelling of novel products provides accurate information to consumers. Source : © European Union, 2025 - EP

The European Union (EU) is seeking to boost its competitiveness to help ensure the well-being of its society in the face of global challenges. Central to this objective is the EU's innovation ecosystem, which has fallen behind the United States (US) and China. As innovative European companies grow, they struggle to attract the necessary technical and financial support within the continent. The European Commission plans to put forward a legislative proposal for a 28th regime as part of a programme of measures to boost the EU's innovation ecosystem. The European Parliament's Committee on Legal Affairs (JURI) is preparing a legislative-initiative report to inform the development of this proposal. This briefing, produced at the request of the committee, seeks to support its work on the file. The research identified four issues that are relevant for EU action: (1) the EU financial system has a low appetite for risk; (2) innovative companies struggle to attract workers (within the EU and beyond) with the relevant skills; (3) innovative companies face a high cost of failure and/or restructuring; and (4) there is high variation in laws affecting companies across the EU. While the proposed Savings and Investments Union could help to address the immediate and pressing demand for capital from innovative European companies, other measures such as the 28th regime could be complementary and offer European added value. Establishing one common set of EU-wide rules and introducing an EU stock option plan could boost the regime's attractiveness for innovative European companies. Embedding links to the EU innovation ecosystem and 'European preference' incentives could also be beneficial. Levelling the playing field for innovative European companies, particularly by reducing the period of time to establish a company, complete funding rounds and advance through the lifecycle, could help to attract venture capital and boost the number of innovative scale-ups. Source : © European Union, 2025 - EP

Innovation plays an increasingly important role in our economy. As well as benefiting the EU’s consumers and workers, it is essential to creating better jobs, building a greener society and improving our quality of life. It is also key in maintaining the EU’s competitiveness on global markets. Innovation policy is the interface between research and technological development policy and industrial policy. It aims to create a framework conducive to bringing ideas to market. Source : © European Union, 2025 - EP

Over the past decade, the EU has experienced major macroeconomic imbalances and serious divergences in competitiveness. These have both exacerbated the negative effects of the financial crisis that began in 2008 and prevented the effective use of common monetary policy measures to resolve them. In 2011, the EU set up the macroeconomic imbalance procedure to identify and correct such imbalances at national level, particularly those with the potential to spill over and affect other EU countries. Source : © European Union, 2025 - EP

EU-Russia relations have been strained since 2014 because of Russia’s illegal annexation of Crimea, support for separatist groups in eastern Ukraine, destabilisation policies in the neighbourhood, disinformation and interference campaigns and internal human rights violations. After Russia launched its unprovoked, unjustified and illegal war of aggression against Ukraine on 24 February 2022, the remaining political, cultural and scientific cooperation was suspended. Source : © European Union, 2025 - EP

The Banking Union is based on a proposal that the European Commission presented in 2012, a few years after the severe financial crisis had started to unfold in the EU. The key innovation was to transfer responsibility for the day-to-day supervision of the largest banks in the euro area from national to European level. From then on, the European Central Bank (ECB) was put in charge of supervisory tasks, which it needed to keep strictly separate from its activities on monetary policy. Another institution – the Single Resolution Board (SRB) – was set up at European level to deal with the failure of large banks. The Commission had proposed a third element – a European deposit insurance scheme – but so far this has not found the necessary political support. Source : © European Union, 2025 - EP

The European Economic Area (EEA) was set up in 1994 to extend the EU’s provisions on its internal market to the European Free Trade Area (EFTA) countries. The EEA’s parties are Norway, Iceland and Liechtenstein. Switzerland is a member of EFTA, but not of the EEA. The EU and Nordic EEA EFTA partners (Norway and Iceland) are also linked by various ‘northern policies’ and forums that focus on the rapidly evolving northern reaches of Europe and the Arctic region as a whole. Source : © European Union, 2025 - EP

Differences between the United States (US) and the European Union (EU) over the regulation of online platforms have taken on a new dimension under the Trump administration. Senior members of the US administration have strongly criticised the EU for 'limiting free speech' and have called the EU's content moderation law 'incompatible with America's free speech tradition'. Much of the debate is informed by misconceptions and misunderstandings. The differences between the US and EU hate speech regimes are striking, largely for historical reasons. The First Amendment to the US Constitution provides almost absolute protection to freedom of expression. By contrast, European and EU law curtails the right to freedom of expression. Article 10 of the European Convention of Human Rights, which applies to all EU Member States, states that freedom of expressions 'carries with it duties and responsibilities'. In a democratic society, restrictions may be imposed in the interest, among others, 'of national security, territorial integrity or public safety, for the prevention of disorder or crime, for the protection of health or morals, for the protection of the reputation or rights of others'. EU legislation criminalises hate speech that publicly incites to violence or hatred and targets a set of protected characteristics: race, colour, religion, descent or national or ethnic origin. Even though legislation in EU Member States varies widely, many have extended protection from hate speech to additional characteristics. In light of the exponential growth of the internet and the use of social media, the debate about hate speech has essentially become about regulating social media companies. The focus has been on the question of whether and to what extent service providers are responsible for removing hate speech published on social media platforms. The US has opted not to impose any obligation on social media companies to remove content created by third parties, merely granting them the right to restrict access to certain material deemed to be 'obscene' or 'otherwise objectionable'. By contrast, the EU has adopted regulation that obliges companies to remove offensive content created by third parties, including hate speech, once it is brought to their attention. Social media companies also self-regulate, by adopting community guidelines that allow users to flag hate speech and ask for its removal. Source : © European Union, 2025 - EP

The Trans-European Networks (TENs) are jointly funded by the European Union and the Member States. Financial support from the EU serves as a catalyst, with the Member States providing the bulk of the financing. The financing of the TENs can be complemented by Structural Fund assistance, aid from the European Investment Bank (EIB) or contributions from the private sector. A major reform was introduced across the TENs with the establishment of the Connecting Europe Facility (CEF) in 2013, renewed in 2021. Source : © European Union, 2025 - EP

The World Trade Organization (WTO) works to guarantee a rules-based international trading system. Despite the impasse in trade negotiations, ways to modernise WTO rules and address new global challenges are being explored. Under the Lisbon Treaty, Parliament legislates jointly with the Council, has to approve any changes or new WTO agreements and has an important scrutiny role on international trade policy. Source : © European Union, 2025 - EP

On 1 July 2013, Croatia became the 28th (now 27th) Member State of the European Union. Since then, no other countries have joined the EU, and the UK left the EU on 31 January 2020. Accession negotiations and chapters have been opened with Albania, Montenegro, Serbia and Türkiye. North Macedonia opened accession negotiations in July 2022, and Bosnia and Herzegovina in March 2024. Kosovo submitted its application for EU membership in December 2022. In December 2023, the EU decided to open accession negotiations with Moldova and Ukraine and to grant candidate country status to Georgia. In late November 2024, the Georgian Government decided not to pursue the opening of accession negotiations and rejected EU financial support until 2028. (5.5.6 and 5.5.7). Source : © European Union, 2025 - EP

The EU’s Eastern Partnership policy, initiated in 2009, covers six post-Soviet states: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. It was created to support political, social and economic reform efforts in these countries with the aim of increasing democratisation and good governance, energy security, environmental protection, and economic and social development. All the participating countries (except Belarus whose membership is suspended) send delegations to the Euronest Parliamentary Assembly. Source : © European Union, 2025 - EP

The origins of the European Parliament lie in the Common Assembly of the European Coal and Steel Community (ECSC), which became the common assembly of the three supranational European communities that existed at the time. The assembly subsequently acquired the name ‘European Parliament’. Over time, the institution, whose members have been directly elected since 1979, has undergone profound changes, evolving from an assembly with appointed members to an elected parliament that is recognised as a political agenda-setter of the European Union. Source : © European Union, 2025 - EP

The trans-European networks (TENs) in transport, energy and telecommunications are developed to connect the regions of the EU and to contribute to the growth of the internal market and employment. They strengthen economic, social and territorial cohesion. The trans-European transport network (TEN-T) has evolved over time, including a fundamental reform in 2013 and a major revision proposed in 2021. The energy infrastructure (TEN-E) guidelines were adapted to the European Green Deal in 2022. Source : © European Union, 2025 - EP

The EU’s Common Foreign and Security Policy (CFSP) was established in 1993 and has since been strengthened by subsequent treaties. Today, Parliament regularly contributes to the development of the CFSP, in particular by scrutinising the activities of its institutional actors and bodies: the High Representative of the Union for Foreign Affairs and Security Policy, who also serves as Vice-President of the European Commission; the European External Action Service (EEAS); the EU Special Representatives (EUSRs) and the EU delegations. Parliament’s budgetary powers can also shape the scale and scope of the CFSP. Source : © European Union, 2025 - EP

Development policy lies at the heart of the European Union’s external policies. It aims to reduce and ultimately eradicate poverty and it is central to the EU’s response to the UN 2030 Agenda for Sustainable Development (the 2030 Agenda). Its objectives include fostering sustainable growth, defending human rights and democracy, achieving gender equality, promoting peace and inclusive societies and tackling environmental and climate challenges. The EU works on a global scale and is the world’s largest donor of development assistance. Cooperation with EU Member States and alignment with the 2030 Agenda facilitate the efficient delivery of aid. Source : © European Union, 2025 - EP

The EU, the United States and Canada remain close partners, united by democratic values and shared historic ties. Despite navigating complex global challenges, including trade tensions, they prioritise dialogue and cooperation in areas such as foreign policy, security and regulatory affairs. The EU emphasises sustaining these relationships and adapting them to shared challenges, thus ensuring stability and resilience while upholding the international rules-based order. Source : © European Union, 2025 - EP

Over the years, the EU has been moving away from the production of labour-intensive, low-value products in order to specialise in higher-value, branded goods. With its open economy, trade is essential to the EU, which is a founder of and key player in the World Trade Organization (WTO). In addition, to overcome trade barriers and level the playing field for its businesses, the Union negotiates a number of free trade agreements (FTAs). Source : © European Union, 2025 - EP

The European Arrest Warrant (EAW) is a judicial decision issued by a Member State with a view to the arrest and surrender by another Member State of a requested person for the purposes of a criminal prosecution or a custodial sentence. Between 2015 and 2022, 131 164 EAWs were issued, and 43 478 persons were surrendered, an average of more than 16 000 and nearly 5 500 per year respectively. In the internal security strategy published on 1 April 2025, the Commission stated that it would 'assess the need to further strengthen' the EAW. Source : © European Union, 2025 - EP

This briefing summarises the main issues at stake at the 78th World Health Assembly (WHA) which will take place in Geneva, Switzerland, from 19 to 27 May 2025. The WHA is the highest decision-making body of the World Health Organization (WHO), gathering annually, and composed of delegations from all 194 Member States (MS). The WHA discusses and votes on the decisions and resolutions prepared by either WHO’s Executive Board, its Director-General, or proposed by groups of MS. Source : © European Union, 2025 - EP

The European arrest warrant (EAW) is a judicial decision issued by a Member State with a view to the arrest and surrender by another Member State of a requested person for the purposes of a criminal prosecution or a custodial sentence. Between 2005 and 2022, some 231 005 EAWs were issued, and 69 688 persons were surrendered. The functioning of the EAW system – as set out in this infographic – requires a high level of trust between the judicial authorities of the issuing and the executing Member State, which has at times generated challenges and tensions. In the internal security strategy published on 1 April 2025, the Commission stated that it would 'assess the need to further strengthen' the EAW. Source : © European Union, 2025 - EP

Under the European Climate Law, the EU must reduce its net greenhouse gas (GHG) emissions by 55 % by 2030 compared with 1990, and reach climate neutrality by 2050 (see trajectory in Figure 1). Over the 2005-2023 period, net emissions in the EU decreased by 30.5 % (37 % compared with 1990). The land use, land-use change and forestry (LULUCF) sector is a significant carbon sink, although its capacity to increase carbon sequestration is under pressure, while the EU emissions trading system (ETS) is one of the most effective mitigation tools, having reduced emissions by the sectors it covers by 48.1 % since 2005. Sectors for which Member States are obliged to reduce GHG emissions under the 'effort-sharing' legislation decreased their emissions by 17.1 % in 2023 compared with 2005. Investments tracked as climate-related spending account for 42.6 % of the total grants and loans approved under the Recovery and Resilience Facility (RRF) and the REPowerEU initiative. By 30 June 2024, Member States had to update their national energy and climate plans (NECPs), aligned with the EU's increased 2030 targets. As of May 2025, three final plans are still pending. A May 2025 assessment of submitted final NECPs show a significant gap reduction from earlier analysis, with net GHG emissions estimated to decrease by 54 % by 2030, compared with 1990 levels. In a 2023 survey, 46 % of EU citizens identified climate change as one of the four most serious problems facing the world. Most Europeans (56 %) said it was the responsibility of the EU or the national government to tackle climate change, followed by business/industry (53 %); 35 % found it to be a personal responsibility. This briefing is one in a series covering all EU Member States. Source : © European Union, 2025 - EP

A sound, resilient banking sector that efficiently allocates capital is essential for EU competitiveness. To achieve it, the EU should primarily focus on completing the banking union. It should also simplify capital and other loss-absorbency requirements, and pool decision-making on macroprudential buffers in the banking union at the European level. The forthcoming report on banking, which the European Commission has pledged to publish in 2026, is the right horizon for addressing these aims. Given the stark risk environment, their implementation should not result in any decrease of aggregate capital requirements. Source : © European Union, 2025 - EP