&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;©Eugene_Photo / AdobeStock

The global economy is changing rapidly, requiring decisive action to safeguard and strengthen Europe's competitiveness, prosperity, and fairness, including in relation to other global actors. The recently-proposed&nbsp;Automotive Industry Plan, announced on 5 March 2025, it is intended to support the European automotive sector as it deals with high manufacturing costs, the low-carbon transition, and increased competition from China.&nbsp;

European competitiveness

&nbsp;​​​At a critical time for Ukraine and European security, the EU is committed to becoming more responsible for its own defence and better equipped to act and deal autonomously with immediate and future challenges and threats, including Russia’s war and its repercussions on European security, which constitute an existential challenge for the EU. The common security and defence policy (CSDP) is an integral part of the EU’s common foreign and security policy (CFSP). The CSDP is the main policy framework through which Member States can develop a European strategic culture of security and defence, address conflicts and crises together, protect the Union and its citizens, and strengthen international peace and security. As a result of the tense geopolitical context, the CSDP has been one of the fastest developing policies over the last 10 years.

European security and defence

On 20&nbsp;March 2025, the European Council adopted conclusions on Ukraine, the Middle East, competitiveness, European defence and security, next multiannual financial framework and new own resources, migration, oceans, multilateralism and other items.

Following up on its conclusions of 6 March 2025, the European Council calls for an acceleration of work on all strands to decisively ramp up Europe’s defence readiness within the next five years.&nbsp;

The European Council also underlines the urgent need to strengthen Europe’s competitiveness.&nbsp;In that regard, the European Council welcomes&nbsp;the presentation of the Competitiveness Compass of 29 January 2025, the Clean Industrial Deal of 26 February 2025 and the Omnibus simplification agenda.

European Council, 20-21 March 2025

The President of the European Central Bank (ECB) takes part four times a year in a monetary dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON) to report on monetary policy and answer question from MEPs.&nbsp;Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee. The European Central Bank is the central institution of the Economic and Monetary Union and has been responsible for conducting monetary policy for the euro area since 1 January 1999 The ECB and the national central banks of all EU Member States constitute the European System of Central Banks.

monetary dialogue with the ECB (T)

Committee on Economic and Monetary Affairs

LAGARDE, Christine (FR)

9th parliamentary term

Monetary dialogue

In July 2024&nbsp; MEPs re-elected Roberta Metsola (EPP, MT) as President of the European Parliament until 2027, with 562 votes in the first round. Roberta Metsola won the election in the first round of voting, where she received an absolute majority of 562 votes cast out of 699 by secret paper ballot, among two candidates. She will continue to lead Parliament for the first two and a half years of the 10th legislative term.

Born in Malta in 1979, Roberta Metsola has been an MEP since 2013.&nbsp;She was elected First Vice-President in November 2020, and was Parliament’s acting President after President Sassoli passed away on 11 January 2022. On 18 January 2022,&nbsp;she was elected President&nbsp;for the second half of the 9th legislative term. She is the third female President of the European Parliament, after&nbsp;Simone Veil&nbsp;(1979-1982) and Nicole Fontaine (1999-2002).

Addressing the House after she was elected, President Metsola said: “Together, we must stand up for the politics of hope, for the dream that is Europe. I want people to recapture a sense of belief and enthusiasm for our project. A belief to make our shared space safer, fairer, more just and more equal. A belief that together we are stronger and we are better. A belief that ours is a Europe for all.”

Roberta Metsola, President of the European Parliament 2024-2027

Have a look at stockshots (from 2021 onwards) with illustrative pre-edited broadcast quality video footage. These editable stockshots are clean (raw), with natural sound (no voice-over), produced to illustrate priority EU dossiers and parliamentary work. They are intended to help audiovisual media produce their own programs, for example, editing of news reports or documentaries.

Stockshots are clean (raw), with natural sound (no voice-over), pre-edited videos

Infoclips (T)

Infoclips - Illustrative footage

The Republic of Ireland covers five-sixths of the island of Ireland. The north-eastern part of the island is Northern Ireland which is part of the United Kingdom. There are 11 members of the European Parliament from Ireland.&nbsp;

The&nbsp;plenary is&nbsp;commemorating&nbsp;the 25th anniversary of the Northern Ireland peace agreement on 29 March.&nbsp;&nbsp;Presidents Metsola, Michel and von der Leyen will take the floor, followed by a round of political groups interventions.

EU - Ireland

The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system. It is currently chaired by Irene Tinagli.

ECON - Committee on Economic and Monetary Affairs

During the plenary sessions MEPs hold debates on foreign affairs and security policy to discuss European Union (EU) action beyond its borders. The EU Treaties differentiate between common foreign and security policy (CFSP), common security and defence policy (CSDP), external action, and the external dimension of internal policies. To address new challenges such as climate change, rising insecurity or new migration patterns, the EU has put forward concrete solutions to shape synergy between the actors, in order to use shared expertise more effectively, and to find new sources of funding. The new foreign policy framework (EU global strategy) is intended to map the tools and resources best designed to help society as awhole, in the EU and partner countries, to withstand natural and manmade shocks more effectively. In the years to come, global instability is expected to rise; the challenge for the EU will be to ensure security while upholding the core values of the Treaties – human rights, democracy and the fight against poverty – as its primary objectives on the global stage.

Ahead of the 17-18 February European Union-African Union summit in Brussels, plenary discussed with Josep Borrell, the EU’s High Representative for Foreign Affairs and Security Policy, about how to work together with African partners for a more strategic and results-oriented partnership. The discussion focused on the common challenges facing both continents, including the recovery from the COVID-19 pandemic, boosting vaccination and stimulating investments.

EU - Africa

The EU's passport-free travel space, known as the Schengen area, is one of the most tangible achievements of European integration. The Schengen area is one of the pillars of the European project.

The border-free Schengen Area guarantees free movement to more than 400 million EU citizens, along with non-EU nationals living in the EU or visiting the EU as tourists, exchange students or for business purposes (anyone legally present in the EU).

Free movement of persons enables every EU citizen to travel, work and live in an EU country without special formalities. Schengen underpins this freedom by enabling citizens to move around the Schengen Area without being subject to border checks.

Currently, all EU member states except Bulgaria, Croatia, Cyprus, Ireland and Romania are part of the Schengen area. MEPs have called for Bulgaria and Romania to be fully admitted into Schengen on multiple occasions,

Additionally, also the non-EU States Iceland, Norway, Switzerland and Liechtenstein have joined the Schengen Area.

During&nbsp;the pandemics and in order to slow down the spread of the virus some temporary travel restrictions were&nbsp;necessary to establish in the EU.

Schengen area

The&nbsp;Union for the Mediterranean (UfM)&nbsp;is an intergovernmental institution bringing together all EU countries and 15 countries of the Southern and Eastern Mediterranean to promote dialogue and cooperation. Relations centre on six main areas and include research.

The EU established its privileged partnership with the Southern Neighbourhood in 1995 with the launch of the&nbsp;Euro-Mediterranean Partnership&nbsp;at the Barcelona Conference, aiming to establish an area of peace, stability, economic prosperity, upholding democratic values and human rights.

As a continuation of the Euro-Mediterranean Partnership,&nbsp;the Union for the Mediterranean&nbsp;was launched In 2008. This inter-governmental partnership promotes cooperation and dialogue in the Euro-Mediterranean region and brings together all 27 EU Member States and 15 countries of the Southern and Eastern Mediterranean (Albania, Algeria, Bosnia and Herzegovina, Egypt, Israel, Jordan, Lebanon, Mauritania, Monaco, Montenegro, Morocco, Palestine*, Syria – suspended, Tunisia and Turkey; Libya is an observer

&nbsp;Climate change, renewable energies and health are the priorities for stronger regional collaboration in research and innovation for the coming years.

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