Sustainable cultural tourism puts cultural heritage and local communities at the centre of the decision-making process. This will drive good conservation practices and provide an authentic experience for visitors while supporting the local economy. This new CORDIS Results Pack focuses on eight H...

To assess the long-term sustainability of public finances in the EU Member States, the ECOFIN Council mandated the Economic Policy Committee (EPC) to update its comprehensive long-term budgetary projections by the summer of 2024. The update of the Ageing Report, a joint report by the EPC and the...

This in-depth review (IDR) analyses the evolution of Germany’s vulnerabilities related to the persistent current account surplus, which is linked to an imbalance between savings and investments and carries cross-border relevance, and possibly newly emerging risks. This year’s IDR, which follows ...

This in-depth review (IDR) analyses the evolution of Greece’s vulnerabilities related to high government and external debt, a high ratio of non-performing loans in the context of low potential growth and a high unemployment rate, and possibly newly emerging risks. This year’s IDR, which follows ...

This in-depth review (IDR) analyses the evolution of Hungary’s vulnerabilities related to very strong price pressures, significant external and government financing needs exacerbated by policy inconsistencies, and possibly newly emerging risks. This year’s IDR, which follows the 2024 Alert Mecha...

Climate change entails risks to the global economy and impacts financial stability. Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy. Guided by the ECB’s climate and nature plan1 , this paper discusses the methodology and key fin...

This in-depth review (IDR) analyses the evolution of Portugal’s vulnerabilities related to high private, government and external debt, and possibly newly emerging risks. This year’s IDR, which follows the 2024 Alert Mechanism Report (AMR) published in November 2023, assesses the persistence or u...

This report is the first GEMs publication focusing on recovery rates. The report provides outputs derived from pooled GEMs data going back to 1994, supplied by 19 member institutions, and complements the well-received default statistics reports published in the fourth quarter of 2023. Offering u...

This in-depth review (IDR) analyses the evolution of France’s vulnerabilities related to high government debt and competitiveness, in a context of low productivity growth, which carry cross-border relevance, and possibly newly emerging risks. This year’s IDR, which follows the 2024 Alert Mechani...