Economic and Financial Affairs

On 2 October the European Commission adopted proposals for targeted changes to some of the EU economic governance rules. The changes are aimed at ensuring their consistency with the outcome of the comprehensive reform undertaken in April 2024, while reducing reporting and administrative burdens, and streamlining funding arrangements for assisting non-euro area Member States facing balance of payments difficulties.

On 1 October the European Commission disbursed the ninth tranche of its exceptional Macro-Financial Assistance (MFA) loan to Ukraine, worth €4 billion, further reinforcing the EU's role as the largest donor since the beginning of Russia's war against Ukraine, with overall support approaching €178 billion.