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The €440 billion lending capacity of the Facility may be combined with loans up to €60 billion from the European Financial Stabilisation Mechanism (reliant on funds raised by the European Commission using the EU budget as collateral) and up to €250 billion from the International Monetary Fund (IMF) to obtain a financial safety net up to ...
Council Regulation 1638/98 made changes to the organisation of the olive oil market in the EU. [5] See Unión de Pequeños Agricultores; Council Regulation (EC) 2679/98 of 7 December 1998, on the functioning of the internal market in relation to the free movement of goods among the Member States, was aimed at preventing obstacles to the free movement of goods attributable to "action or ...
The schemes are usually privately run but must be recognized as valid by the European Commission. [3] The following is a list of approved voluntary schemes: [3] ISCC (International Sustainability and Carbon Certification) Bonsucro EU; RTRS EU RED (Round Table on Responsible Soy EU RED) RSB EU RED (Roundtable of Sustainable Biofuels EU RED)
The European Commission is the main executive body of the European Union. [26] Article 17(1) of the Treaty on European Union states the commission should "promote the general interest of the Union" while Article 17(3) adds that Commissioners should be "completely independent" and not "take instructions from any Government". Under Article 17(2 ...
An aviation biofuel (also known as bio-jet fuel, [1] sustainable aviation fuel (SAF) or bio-aviation fuel (BAF) [2]) is a biofuel used to power aircraft. The International Air Transport Association (IATA) considers it a key element in reducing the environmental impact of aviation . [ 3 ]
To support member states hit by the COVID-19 pandemic, the European Council suspended fiscal rules – including the ESM - applying the general escape clause of the Stability and Growth Pact on 23 March 2020 [31] and agreed to a massive recovery fund of €750 billion, branded Next Generation EU (NGEU), on 23 July 2020. [32]
Commission Implementing Regulation (EU) No 923/2012 of 26 September 2012 laying down the common rules of the air and operational provisions regarding services and procedures in air navigation and amending Implementing Regulation (EU) No 1035/2011 and Regulations (EC) No 1265/2007, (EC) No 1794/2006, (EC) No 730/2006, (EC) No 1033/2006 and (EU ...
If the European Commission had decided the interim values in the 3‑year periods should have no direct influence on the reduction requirement at the end point of the period, then the formula would have been quite simple (i.e. for a debt-to-GDP ratio recorded to be 80% by the end of the year preceding the latest fiscal year, then it should for ...