Irene TINAGLI

Member of the European Parliament · Italy · S&D · Partito Democratico

What Irene TINAGLI has said (52)

2025-01-13 “E-000091/2025 Answer given by Executive Vice-President Fitto on behalf of the European Commission To date, the Commission has not received any proposal from the Italian Government to entrust SpaceX/Starlink technologies with providing internet connectivity in remote areas as part of Italy’s national recovery and resilience plan. In the absence of any such proposal, the Commission cannot indicate how it would intend to evaluate it. Pursuant to Article 18, paragraph 4, point (g) of Regulation EU 2021/241 1 , in case of submission of an amended plan including such a measure related to investments in digital capacities and connectivity, the plan shall include, where appropriate, a security selfassessment based on common objective criteria identifying any security issues, and detailing how those issues will be addressed in order to comply with relevant Union and national law. 1 Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility (OJ L 57, 18.2.2021).”
EU policy on screening foreign investment in strategic sectors and critical infrastructure · EU digital & tech sovereignty
2025-01-13 “E-000092/2025 Answer given by Mr Kubilius on behalf of the European Commission The Commission does not have any official information of an agreement and cannot comment, as a matter of principle, on a purported agreement between a Member State and a commercial satellite network operator. It is at the discretion of Member States to determine how to manage their national secure communication and their degree of reliance on non-EU solutions. The EU strives for leadership in strategic technology and to boost its technological sovereignty. It was the EU’s governmental actors who expressed their growing strategic demand for secure, sovereign and reliable space-based satellite communication services. The Commission’s proposal for the Infrastructure for Resilience, Interconnectivity and Security by Satellite (IRIS²) Regulation 1 , strongly supported by Member States and the European Parliament since its inception, encapsulates the EU’s reply to fully address these public user needs and requirements in the space domain. The IRIS² Regulation requires all the components of the programme to be accredited by the Security Accreditation Board established under Article 72(1)(c) of Regulation (EU) 2021/696 2 . The Commission will take stock of all the tools and technologies available in Europe, including the 5G security toolbox, in order to meet the requirements of the Security Accreditation Board. 1 Regulation (EU) 2023/588 of the European Parliament and of the Council of 15 March 2023 establishing the Union Secure Connectivity Programme for the period 2023-2027, OJ L 79, 17.3.2023, p.1-39. 2 OJ L 170, 12.5.2021, p. 69-148.”
EU policy on screening foreign investment in strategic sectors and critical infrastructure
2024-10-04 “E-001956/2024 Answer given by Mr Gentiloni on behalf of the European Commission The 0.75 average value for the fiscal multiplier is supported by the empirical literature 1 and is a technical assumption that has been used for many years in the Commission's debt sustainability analysis (DSA). When submitting their plans, Member States could depart from this technical assumption provided that they specify with sufficient detail the composition of the planned fiscal adjustment that justify this departure, in line with the empirical finding that multipliers can differ depending on the type of fiscal measure enacted. Possible spill-over impacts could be factored in in the plans submitted by Member States. It is also worth noting that, under the new EU fiscal framework, fiscal policies will be more differentiated by taking into account the public debt and economic challenges of each Member State. As provided for by Regulation 2024/1263 2 , a working group on debt sustainability analysis has been established to explore possible methodological improvements. 1 Other than Carnot N. and De Castro F., 2015, “The Discretionary Fiscal Effort: an Assessment of Fiscal Policy and its Output Effect”, European Commission, Economic Papers, n°543; see also for instance: Gechert S., 2015, ‘What fiscal policy is most effective? A meta-regression analysis’, Oxford Economic Papers, n°67; Klein M. and Winkler R., 2018, ‘The Government Spending Multiplier at the Zero Lower Bound: International Evidence from Historical Data’, University of Antwerpen, research paper, n° 2018/1; Le Garrec G. and Touzé V., 2020, ‘Le multiplicateur d'investissement public une revue de littérature’, Sciences Po OFCE Working Paper, n° 28/2020. 2 https://eur-lex.europa.eu/eli/reg/2024/1263”
EU fiscal rules and oversight of national budgets
“Yes, thank you very much, chair. Mr. Michaud, congratulations on your confirmation. Uh, now, since one of your key responsibilities is to ensure the strategic and operational planning of the EBA and that it operates in line with its funding regulation. I would like to address an issue in this regard. Last year, in the latest CRR review, co-legislators explicitly called for a revision of the EBA guidelines on the definition of default in order to facilitate the application of forbearance measures by banks. Since the current guidelines appears to be too strict and makes the forbearance measures basically inapplicable and non-viable. The deadline is expired, but EBA has neither delivered on these nor justify the delay, so it only published a draft Guidelines that actually appear to disregard the mandate received, showing no substantial changes. So both the delay and the content of the draft guidelines raise concerns on how the EPA prioritizes and addresses the political instructions that are supposed to be binding. So can you explain why this clear political mandate has not been taken into account, and can we expect it to be duly reflected in the final version of the guidelines? So we all have, you know, a great respect for independent authorities and, you know, the important work that they do. We really appreciate it. However, the political mandates that you receive should be respected both in terms of timing and also content. Thank you very much.”
Financial regulation
“Thank you. Thank you very much. I want to elaborate a little bit on. So it seems to me that potentially there is a huge amount of data that could be used fruitfully by cities, local administrators. And but of course, you try to do your best to explain. But is there something that, for example, can be done more structurally by the Commission as a sort of a platform to both make this data available to all the local administrators and mayors or regional those who have to do the plannings and also to, to to train because, for example, Europe is full of medium small cities. They probably don't have the capacity to use this data. So we need to help them. So I don't know if this is something that you have been discussing with the commission, or maybe this could be the opportunity in the framework of the housing plan. It could be the opportunity also to think about that. If we can have a platform that can make at the disposal of those cities and regions, uh, the data that they may, they may need for, uh, mapping. And the second and last thing, have you ever been asked to use your technology to map, for example, there are countries not mentioning which ones, but where you have a lot also of, um, how can I say not illegal, but, uh, you know, not registered homes or homes that were built without permitted or enlarged without permitting. So probably you're the kind of data you have could be used to do this mapping because they also create risks for, you know, in the environment. So I was wondering if that could be a use. Yes.”
EU policy on urban development
“Okay, so now without further delay, let's introduce our distinguished speakers. First we have Jorge Garcia montoro, Regional Minister for Development and Infrastructure of the Region of Murcia, who will share his expertise in the on the skills shortage in the construction sector from a regional perspective. Next, we have Tina Weber, senior research manager at Eurofound, who will provide an overview of the impact of the green and digital transitions on the European Union's construction sector in relation to employment skills work, organization and working conditions. We are also joined by Roberto Capobianco, national president and co-founder of lavoro PM, who will bring his expertise on the needs of small and medium sized enterprises in the construction sector and the challenges they face in terms of skills shortages. And finally, we have Tom DeLeo, secretary general of the European Federation of Building and Woodworkers, who will provide a trade union perspective on the skills shortage and its impact on workers in the construction sector. I would like to thank you to thank all our speakers for their participation and expertise, and I look forward to hearing their insights on this critical issue. So, Mr. Garcia montoro, the floor is yours. You have eight minutes.”
Funding for vocational training
“I had one question, especially to Mr. Varadkar. Uh, one thing that I realized, I'm also interested in finding this balance. You know, uh, I don't want to criminalize the tourism or, uh, but one question that I have and also Mrs. Moro said many families, they need to find more space. They need maybe an apartment. They if they had to go to a hotel, it would be too expensive. One thing that I noticed in Italy in particular is that in the past few years, basically in many cities, hotels that are like two star, three stars have almost disappeared. So the supply of. Hotels room is mostly quite expensive. Uh, so in case we, uh, we go through a more restriction or restrictive measures of short term rentals. Do you think that it would be the possibility to re increase the supply of more affordable, more sustainable tourism? Is this a trend that has happened or it's just my impression, and maybe it's not in the data that these two things have been. I don't know what caused what uh, if first it disappeared the low cost hotels and then appears the short term or vice versa, that apartments Killed the low cost hotel. Or maybe there is no relation, but just the dynamics. I would like to hear your opinion, but now all the questions in the catch the eye and I give you the floor for the answers to all. Mr. Braddock, if you want, you can start. Yes.”
EU regulation of short-term rentals
“Thank you very much. Thank you for this invitation. I'm very pleased that ample committee has dedicated a full exchange to the affordable housing plan, and I'm grateful to address you alongside our rapporteur, Borja Jiménez. Throughout this whole process, we engaged closely with the Commission as well. So our work, I think, has been very useful in showing how complex this crisis it is. Uh, it's driven by a set of factors, not just one cause one problem. It's many factors that are interrelated with each other, uh, which range from issues regarding the supply and the investments, particularly the lack of public investment that has been declining, but also bottlenecks there. Uh, energy poverty, the problem of financialization of residential market, the problem of, uh, short term rentals, which has affected also, uh, the dynamics between supply and demand. I mean, all these drivers do not operate in isolation. They interact with each other cannot be addressed in silos. And this is why our committee has consistently called for a sophisticated, coordinated European approach, one that respects national competences but at the same time recognises that the scale and the interconnected nature of this crisis demands action at the European level.”
EU housing policy
“(10:38:23 – 11:05:14): Thank you. Thank you very much. I really want to appreciate the contribution of all our experts. Thank you for your time and also for the members who participated. We know that the commission is working on new measures for the upcoming months. So your contribution today is particularly valuable. So we try to do everything that we can together all the pieces of knowledge and information that can inform and help our work. Today was certainly very helpful. So thank you very much for that. Okay. So let's resume our work. We move to the 0.5 on the agenda organized by the policy department for Transport, Employment and Social Affairs, namely the workshop on housing for students and young people in training. This committee has long focused on the housing challenges facing young people and students, a priority that is also reflected in our report. The Commission's European Affordable Housing Plan highlighted specific measures for this group. To explore this further, we commissioned a study and organized today's workshop. The study was published this week. Let me show you some publicity, and we'll now dive deeper into its findings.”
EU housing policy
“Thank you. Thank you very much. Now I give the floor to Doctor Yolanda martinez Mata that will discuss the legal developments of short term rentals, particularly regarding the landmark ruling of the Court of Justice in the Cali Apartments uh, case which has been mentioned. Doctor Martinez Mata is a lawyer and partner at Marimon Abogados, where she specializes in competition and EU law. Since uh 2016, her expertise on short term rentals regarding issues connected with EU law has regularly been consulted and cited. So, um, we have, uh, Mrs. Martinez that is connected. I already see her. So thank you again for accepting our invitation. The floor is yours.”
EU regulation of short-term rentals
“Indeed, housing decisions are shaped by a combination of Factors, demand and supply dynamics, regulations, financialization, construction costs, demographic trends, and financial conditions. They all play a role. Public policy, including taxation, interacts with these factors and influences how housing markets evolve over time. So next panel will address the role of taxation as a key element for this discussion. Because tax systems shape incentives in housing markets and influence how housing households and investors behave. So therefore, it's useful to look at the broader structure of housing taxation in our economies. Across many European countries, housing represents the largest component of household wealth. Residential property typically accounts for around half of household assets and for low and middle income households, the share is often even higher. This means that developments in housing markets have a direct impact on wealth accumulation, financial stability, intergenerational economic outcomes. At the same time, housing taxation represents a relatively modest share of total tax revenues. Recurrent taxes on immovable property account on average for roughly 6% of total tax revenues across the OECD. This share has remained broadly stable for decades, even though housing values have increased significantly in many countries. Another important feature is the diversity of tax instruments applied to housing. Different countries rely on different combinations of taxes linked to property acquisition, property ownership and capital gains. **Irene TINAGLI In some cases, taxes on property transactions represent a substantial source of revenues for regional and local governments, but in others, recurrent property taxation plays a more prominent role. Just to give an example. In addition, the administrative valuation systems used for property taxation vary widely across countries. In several cases, property values used for tax purposes are updated only periodically, which means that the relationship between administrative values and market prices can evolve over time. Moreover, the tax treatment of owner occupied housing often differs from that of the other types of investments. These provisions reflect long standing policy objectives in many countries, including the promotion of home ownership, the accumulation of household wealth. The design and fiscal relevance of such provisions differ a lot across member states. An important dimension to consider is the increasing financialization of the housing market. This is also something we've been observing in recent years. Housing has become more closely linked to financial markets, financial instruments, institutional investors playing a growing role in ownership, development and management of residential assets. But at the same time, access to credit and various financial instruments have enabled different actors to allocate resources in ways that can influence both investment patterns and housing availability. This process is closely intertwined with fiscal policy. Different tax treatments such as deductibility, deductibility of interest, incentives for rental investments, or preferential capital gains taxation. They shape the decisions of households and investors alike.”
Wealth taxation
“Dear ample chair, distinguished colleagues, honored guests, I'm pleased to welcome you to this public hearing jointly organized by the Housing and Ample Committees, focused on the critical issue of skills shortages in the European Union construction sector. As outlined in our draft programme, today's hearing will bring together experts from the construction industry, from Eurofound, the European Foundation for the Improvement of Living and Working Conditions and policy makers to discuss the challenges and potential solutions to address the skills shortage in the EU construction sector. The skills shortage in the construction sector is a pressing issue that is exacerbating the ongoing housing crisis in Europe. With a shortage of skilled workers, construction projects are being delayed or cancelled, leading to a reduction in the supply of new homes. This, in turn, is driving up housing prices and rents, making it even more difficult for people to access affordable housing. As we discussed in our previous public hearing on demographic trends, demographic changes are transforming housing demands, emphasizing accessibility, affordability and adaptability. However, the skills shortage in the construction sector is hindering our ability to respond to these changing demands. It is essential that we address this issue to ensure that we can provide decent, sustainable and affordable housing for all Europeans. So today's hearing will provide a platform for stakeholders to contribute to the development of effective policies and strategies to address the skills shortage. We will hear from experts on the current state of the sector, the impact of the skills shortage on the housing market, and potential solutions to address this issue. We will also discuss the role of education in equipping workers with the necessary skills to meet the demands of the construction sector.”
Funding for vocational training
“Thank you. Thank you very much. And and actually I was also thinking because in looking at your data, the graph on on page 14, for example, one thing that strikes me is that a big chunk of these investments are happening in Germany and in the Netherlands, and especially if we think in terms of, you know, the dimension of the market, the Netherlands, uh, it's particularly strong as a place for those investors. So I was trying to understand why this was the case. Is this related to the fact that in those countries you have very large institutional investors in terms of like pension funds, uh, like Germany and the Netherlands are two countries where or is it related? If you think in terms of the Netherlands, where the concentration is particularly high, also of a role of the taxation regimes, or how the financial markets work, because this would call into question also not only the macroprudential or banking regulation, but the financial markets and taxation regulation. So this could be an element in explaining this behaviour.”
EU approach to sustainability criteria in private investments
“Okay. Thank you very much. So now I give the floor to, uh, Mrs. Bossdorf for a can I. No. Okay. She just left. Uh, okay. So, um, we finished the round of the coordinators. If you allow me. I have a question for myself. Uh, I would like to go back to the first intervention of, um, doctor, um, Menendez Fernandez on the taxation on the. It's the taxation on the plus in in Spain, which is a form of taxation on capital gains. Um, because you said that this kind of um, of, uh, taxation has a negative effect on transactions, has a negative effect on prices and eventually probably even on rents, because in the end, these are kinds of taxations that, uh, will be borne by the buyers and tenants. Now, I would like to know, I mean, since you are, uh, an economist and, you know, uh, chairing a board of economists, uh, if you have, uh, data that can, uh, give us a evidence of this impact, this form of tax, if I'm not mistaken, was introduced more than 20 years ago in 2004, and has also been changed over the years after some rulings of the Constitutional Court. Uh, maybe 2011, 2017, I believe. So I think that there is enough information and variations, also variations on how it's been implemented in different municipalities to give room for a proper econometric analysis that can tell us the real impact of such taxation on transactions and prices controlling, of course, for all the other factors related to economic cycle and so forth. So I was wondering if you can give us some data, or if there are studies that you can send us and illustrate us.”
Taxation of financial transactions
“They just rent it out for her to have a monthly payment or what. So do we have any information on the kind of use that they do and what kind of behavior we see there? And last thing, talking about the use of residential housing. One thing that we've observed in the past ten years is the increase in use for touristic purposes of residential houses, which is a phenomenon that we never seen before, not in this scale. Uh, is this something that you have, uh, somewhat put into your analysis that you have the ability to see if this has had an impact? So the fact that in the past ten years, you can use residential houses for an use that is not residential. And this also something that increases prices and returns and may attract more investments. Thank you.”
EU regulation of short-term rentals
“Thank you. If you allow me, I have a small question myself. No, because it was really interesting on the issue of conditionality that the colleagues were asking. Uh, of course, we know that the mid-term review gave the opportunity to channel the money to reprogram the money towards affordable housing. It was pretty clear, I think, that the concern and the worry of some colleagues and frankly, of mine as well, is, ah, Do we have any sorts of safeguards? Uh, to make sure that this affordable housing that will be built with this money will remain affordable for a long. For example, when we we did with the review of the state aid rules, there was a conditionality of 20 years minimum to remain. Now, honestly, I admit I don't remember if there was something like that already in the. But I don't think so. I don't recall having read this kind of conditionality in the mid-term review. So maybe the question is, do you think there is a way in the upcoming months to make sure that we have something like that in the implementation of the project? If it's possible to do that, and then we will keep looking into that.”
EU policy on urban development
“Dear colleagues, please take a seat so we can start our meeting of today. Before starting, just a reminder that today's meeting is web streamed on the Parliament's website and that we have interpretation in 15 languages. And now we move to the adoption of the agenda. If there are no objections, the agenda is deemed adopted. And we also have to adopt the minutes of our meetings of January 27th, 2026 and February 9th, 2026. If there are no objections, the minutes are adopted as well. And now we move to our main point for the day the members. Dear colleagues, I'm very pleased to welcome you all here today. We. For this exchange of views with the Vice President of the European Investment Bank, Mr. Ioannis Tsakiris. The EIB has taken a proactive approach to support the development of affordable and sustainable housing across the EU. It's Affordable and sustainable Housing Plan, approved in June 2025, aims to increase financing for innovation, renovation and new buildings, with a focus on promoting modern construction techniques, accelerating energy efficient upgrades and building new sustainable and affordable housing. As we discuss the housing crisis in the EU with Vice President Harris, we will explore the eib's initiatives and investments in this area and how these efforts can contribute to addressing the pressing issue of affordable housing in our member states. The objective of today's meeting is to gain first hand information from Vice President Zakir about the Eib's housing related work. Over the past months, including the progress made in implementing the Affordable and Sustainable Housing Plan, as well as the bank's plans and priorities for the months ahead. We look forward to a fruitful discussion and to learning more about the Eib's vision and strategies for supporting affordable and sustainable housing in the EU. So dear Vice President, thank you for being with us today. And the floor is yours for ten minutes.”
EU policy on urban development
“Thank you very much. Now I give the floor to Ermelinda. Yes. Sorry. **Irmhild BOẞDORF : Thank you very much. I'd like to ask you my question in German. First of all, thank you very much. It was a very interesting presentation. Now, obviously there's a problem. However, if we allow millions of people to to migrate to Europe. I'm particularly interested in Doctor Dreher said on Smart Shrinking. That is quite interesting. Japan has seen this happen, and perhaps this could happen in two decades. Two decades. Well, it's not yet the case because we have significant immigration into European countries. We don't yet have this smart shrinking. But I'd like to know if there are any figures on this smart shrinking and how this would affect Europe. I'm from Germany, and Germany has the absolute lowest ownership rate in Europe, 41%. And all assistance for, for example, young families in Germany has been stopped in Germany. And in my views, I think this would be a good way we could help families to help them to buy their own properties. I think that's what we need to focus on. Thank you.”
EU strategy on population growth
“So in the last plenary, as you said, chair, the European Parliament adopted its report on the housing crisis. And I think this sent a very strong political signals signal across many elements. There is broad support, particularly for the initiatives that have been announced by the Commission in its plan. We are especially looking forward to those proposals where Parliament will act as co-legislator, notably the forthcoming Affordable Housing Act and the legislative proposal on construction, and it will be very useful to better understand the direction in which the preparation of the Affordable Housing Act is evolving, as well as the type of measures and instruments that could be envisaged within this framework. So we are really here to understand how we can all cooperate. Also, how to involve all the possible, including the attention to all the private sector and the public sector, but also the social cooperative, non-profit, limited profit models that we have explored in our work. I think we really need a huge alliance for housing.”
EU housing policy
“Of this amount, 3.3 billion was allocated specifically to affordable and sustainable housing, and this follows the adoption in September 2025 of regulation 2025 1914, which formally introduced affordable housing as a specific cohesion policy priority with dedicated incentives, including the 30% pre-financing in 2006 and 100 EU co-financing rate for reallocated amounts. So these 3.3 billion comes on top of the 7.5 billion already allocated to housing related investments under the 2127 cohesion programmes before the mid-term review, rising to a total of 10.5 billion when national co-financing is included. So these are not negligible figures, and this committee recognises the political commitment that has been required to move housing from the margins to the centre of cohesion policy. At the same time, this committee has a responsibility to read the figures clearly and honestly. 7.5 billion represents approximately 2% of total cohesion policy funding for the 2127 period. As noted also in the Housing Committee's own report that was adopted in March 26th, the additional 3.3 billion reallocated through the mid-term review is, of course, a very welcome step. But the scale of Europe's housing investment deficit shows that more dedicated investment would be needed. So looking beyond the mid-term review itself, cohesion policy does not act in isolation. The effectiveness of these housing investments will depend on how they interact with the European Affordable Housing Plan. The European Investment Bank Group Housing Action Plan launched in June 25th, and the National Recovery and Structural reform programmes. So let me finish it here. We have much to address with the executive vice president. So, uh, this committee would like to engage in a debate with the with you today, and I give you the floor. Thank you very much for your availability.”
Cohesion and rural funding
“Okay. Thank you. Thank you very much. I have no further requests for for the floor. Uh, so let me just, uh, thank, uh, vice president for, for the, the presentation and for answering all our, our questions are. I think that now, you know, we have a comprehensive view, but of course, everything is in progress. So we count on this cooperation to keep monitoring, to have future updates on the Eib's activity and also in its involvement in the pan-European investment platform for affordable and sustainable housing, which will be launched in 2026 as part of the Commission's European Affordable Housing Plan. So, uh, there will be other developments, uh, that will require our attention and our fruitful cooperation. So thank you. Thank you very much for your availability and for your work. Thank you. Thank you also to all the colleagues who participated and also to the interpreters and the staff for making this possible. Thank you. Next meeting is on March 24th.”
EU expenditure on social policy
“Thank you. Chair. Today is a very important day, and it marks the recognition of the housing problem as a major priority of this union. It's been the result of a long work based on four points. First, what we've done trying to mobilize as many financial resources as possible for member states and local authorities from the mid term review of cohesion funds to dedicated financing for housing provided by the European Investment Bank to support also public investments and private investments towards affordable housing. Second, it has made available best practices, successful, successful models of social and affordable housing that can be scaled up across Europe. Third, where it has the competence to intervene directly, such as in the case of short term rental. The commission will step up with legislative proposals, but fourth, in areas where direct intervention is not possible because the competence lies at the national level, like taxation. We have worked to guide and encourage government action, but this is the point. We need also national governments to do their part. Some of them are doing that. Others seem to take too much time and to commit too little resources to those countries. We say wake up.”
EU housing policy
“So of course, what we are just to clarify to the colleagues, the mid term review, uh, gave this opportunity to allocate a certain amount of money to reallocate it to housing projects. The deadline was December 31st, which means like, uh, three months ago. So now we are presenting the results of the request. Of course, it's not that in three months, all this money has been spent and the projects built. It's a little bit unrealistic to think that this could be done in a month. Uh, but this is the purpose of the meetings that we are having here. This is the purpose of the exchange of views with Commissioner. So, Commissioner, you can be sure that may be, you know, well, next year I don't know if we will be here, but, uh, the Parliament for sure will keep monitoring. And then we will ask you to come and tell us how this is progressing, how the member States are doing with the money that now it's been allocated. So I think this is the whole point of what we're doing here. Here in the past year, we have been pushing and together with you, we have asked for more flexibility. The Commission has delivered and and the member states are using these instruments. Now, of course, it's all of our effort and duty to monitor, to make sure that this effort keeps going and delivers, uh, some, uh, some solutions. Uh, now we move to the catch the eye. I have several colleagues, uh, registered, so you have one minute each. Uh, we start with Borja Jimenez. Lara's for EBP.”
EU policy on urban development
“The advisory hub can really help ensure that good projects are not disregarded, even though they may need some technical fine tuning and could help to foster them. So we have also focused on the issue of simplification. So compared to the Commission's proposal, we have worked to improve the definition of SMEs just to ensure that is genuinely small and medium sized enterprises that can benefit from Investeu support and not just by the headcount. At the same time, we have sought to ensure that more data and information are collected in terms of key performance indicators to allow a clear assessment of the program's alignment with its policy See objectives. So we have received numerous amendments on these elements related to the simplification, and I really look forward to a constructive debate that can help further enrich our final position. We will, of course, take into account the valuable contributions from the Itre Committee, which has worked extensively on this issue in the past and whose expertise will be crucial. Similarly, we welcome the input of the Tran colleagues, especially on transport related investment priorities. So finally, with regard to the fiscal dimension, we support reaffirming the principle that national contributions to Investeu, whether via the national promotional banks or directly, should be treated as one off measures under the Stability and Growth Pact. So thank you very much and I'm looking forward for colleagues contributions.”
EU fiscal rules and oversight of national budgets
“In particular, it means that supported operations must target areas where the private sector alone cannot provide sufficient financing. This is not a side objective, it is the foundation of the programme. So that is why, as we discuss now how to strengthen investors capacity, we also highlight two important areas that Parliament has strongly advocated for. The first of all, the importance of defence related investments, which was also mentioned by my co-rapporteur, but also the urgent need to support affordable housing. Let me focus on this on housing, which remains a critical and growing concerns across many member states for millions and millions of European citizens. There is a persistent market failure in the provision of affordable and adequate housing, and this is precisely the type of challenge that Investeu is designed to address. So we are aware that certain social investments, which are often innovative or long term, have struggled in the past to access Investeu support. Yet these are exactly the types of projects that embody the principle of additionality. So to address this, we have proposed to strengthen the advisory hub, an important element to support local authorities and SMEs and social economy actors in preparing quality projects so they can better access the Investeu programs. We have seen numerous amendments in this direction, and I would like to thank colleagues for their broad support on this point.”
EU policy on urban development
“Debate on the amendments and on the draft report this afternoon. Uh, so, uh, so we. Oh, okay. So now we have several requests. Uh, we start actually, by giving the floor to, uh, Daniela Attard from the Tran committee, which has also been the rapporteur on a report. Yes.”
EU Supervision of the Rule of Law
“Okay. Thank you. Thank you very much. I have no further requests for for the floor. Uh, so let me just, uh, thank, uh, vice president for, for the, the presentation and for answering all our, our questions are. I think that now, you know, we have a comprehensive view, but of course, everything is in progress. So we count on this cooperation to keep monitoring, to have future updates on the Eib's activity and also in its involvement in the pan-European investment platform for affordable and sustainable housing, which will be launched in 2026 as part of the Commission's European Affordable Housing Plan. So, uh, there will be other developments, uh, that will require our attention and our fruitful cooperation. So thank you. Thank you very much for your availability and for your work. Thank you. Thank you also to all the colleagues who participated and also to the interpreters and the staff for making this possible. Thank you. Next meeting is on March 24th.”
EU expenditure on social policy
“Now, there are two issues that concern me in the debate on competitiveness. The first one is nostalgia. Now, this idea that back then everything was working, while at the same time the entire world goes forward accelerating the US, China, they are investing for the future. And we are here thinking maybe how great we were and how we can protect our past. The second issue is the belief that this challenge is feasible at zero cost. Just with some simplification, we can regain the competitiveness. I have heard a lot of colleagues. This is just an illusion. So yes, simplification is important. I'm for it but will not be enough. Come on, let's look at what is making great the great competitiveness of our competitors. The three things A large market for goods and services. Common rules that govern the functioning of this market. And third, billions and billions of both public and private investments to sustain this competitiveness. Now, on these three things, we are stuck. We have been stuck for decades. We are prisoners of our own ideologies, nationalism, things like that, that we've also heard today in this room. So now I think it's about time to move forward. And just talking about simplification is a way to avoid talking about the real issues and the real solutions and the real problems of the union, and is also a way to show the lack of ambition of this commission and of the Union. So, dear Commissioner, the challenges in front of us are really enormous and we do expect much more from the Commission. Thank you.”
EU Single Market harmonisation
“It's very simple. I don't have a lack of knowledge of what people go through, but maybe you have a lack of knowledge of how the Union functions and what are the competencies that the Union has and the powers and the resources. If we don't give the Union our Union, the powers, the resources, the budget to support investments, our citizens will continue to suffer the lack of competitiveness. Single member states alone will not be able. That's the reason why we are struggling.”
Own EU resources
“Yeah. And I also worry in terms of financial stability, because if you have a large stock, especially concentrated in certain areas that are not dedicated to real residential uses, I think, but it might be wrong that it's more susceptible to procyclical, uh, you know, uh, dynamics. And so this could create some problems when you have a downturn because you could have, uh, massive decrease in touristic influx in revenues or massive dismissal or NPLs or stuff like that. So that is also was something I was in my mind. Okay, enough about me. Uh, Nora Junco Garcia for ECR. Sorry, Nora, but I.”
EU regulation of short-term rentals
“Okay. No I'm sorry I apologize, but I was solicited. I wanted to ask a question myself. Um, by the, uh, Mr. Gillis answer. Um, if this is actually a question for Mrs. Knapton, because, uh, Mr. Guidi mentioned the role of, uh, cooperatives or, you know, actors that do not necessarily pursue the maximization of profits. Maybe they work on a smaller scale, but they could be more interested in the community perspective or, uh, and actually, this is a kind of model that has come very often in our hearings. So we've had different hearings where we've explored the role of cooperatives of nonprofit association in private public partnerships sometimes. So it's the local administration that sometimes has a partnership with some of these foundations or cooperatives in order to develop certain areas or neighborhoods. So we are indeed exploring these, these role. The thing that I wonder because actually working a lot also on the social economy sector and dealing a lot with that as well. There is a great concern in this sector because the original strategic plan for social economy was on two pillars, one related more to social and ample directorate, and the other one was actually in DG agro. And now there has been a reorganization. And basically the unit related to the role of social economy and cooperative in the more, you know, industrial aspects, economic aspects has been, uh, deleted from the or from the DG. So there is a concern and I was also wondering, uh, how you plan in the DG to still take into consideration the role that these actors may play, especially in the housing, in addressing the housing crisis? I don't know if you've had this kind of debate, uh, in the DG, but I think in construction they are and they can be, uh, players that are relevant for affordable housing.”
EU housing policy
“Thank you, chair, and sorry for my low voice. Uh, but this doesn't take away my enthusiasm for what it's been done, uh, today. Uh, housing affordability has become one of the most urgent challenges facing Europe today. For millions of citizens, access to affordable housing is no longer a marginal issue because it directly affects their life, the opportunities they can access, and also their trust in our ability to deliver solutions. That's why today it is so important. And I'm really happy to see that finally, housing is at the core of the Commission's work, as we've been asking for many, many years. So the plan presented today actually really goes in the right direction, not just for construction. It's a very complex, comprehensive plan because it goes at the roots of the problem, which is a complex one. So it includes support for public investments, of course, also support for private investments to crowd them in towards a social good, a reform of the services of general interest framework to allow for better and more state aid, a strong focus on sustainability, a legislative response on short term rentals and, for the first time, a serious approach to address speculation. That's what we need.”
EU housing policy
“Many Italians also because they feel safer and protected from evictions, which is contradicting with what you say. So if it would be really impossible to evict, why would they feel safer by owning? So, uh, it's interesting. Uh, and the reverse goes for the, the German situation, but let's not get there. Uh, Gordon for the Greens.”
Non-performing mortgages
“And yes, dear president, so during the both your intervention and some of the answers, I'm going back to crypto. You mentioned the risks that the diffusion of dollar pegged stablecoins in the European Union could have. Uh, we also have a study commissioned by the parliament that highlights this risk. And I'm just mentioning to that also emerged in the previous debate. You mentioned, for example, the differences in redemption policies between the EU and the US, which could put pressure on liquidity for banks. We've also mentioned the possible incentives for European workers to invest their salaries in dollar stablecoins due to different interest rates. So this is exactly the reason why we as co-legislators, when we were negotiating Micah, we deliberately excluded third country equivalence regime here. Okay, so now it seems and I'm also quoting what the colleague said, that the European Commission is about actually to permit all of this with a, with a Q&A that would allow that. How worried should we be? What could be the impact on the European Bank's business models? Their stability, the intimidation capacity and also their role in the transmission of monetary policy? Because I think this could be very disruptive. I would like to you to elaborate a little bit more on that. Thank you.”
Use of stablecoins
“It reflects an European Union that adapts its policy tools to the new social challenges, and strengthens the social dimension of the European integration. The plan. At the same time, we should be clear this plan is a starting point, not an end point. Much will depend on the next actions, in particular on future legislative initiatives on the effective alignment of existing European policies. The European Parliament is currently working on its report, for example, and this will be a key moment to shape the ambition and direction of our common approach. However, real change will only happen if also Member States decide to fully engage. European action can support, can enable, but it cannot replace, of course, national responsibility in light of the shared competences between Union and Member States. Progress will depend on the willingness of Member States to commit adequate resources, including European funds, and to adopt targeted and credible legislative and administrative measures. The European Parliament will therefore work to keep housing at the top of the political agenda, reflecting the fact that this is a top priority for European citizens. At the same time, we will exercise our role to hold both the Commission and the Member States accountable for the delivery of this plan and for the effective implementation of the measures needed to make affordable housing a reality across the union. So with that said, I now invite the Commissioner to join us for an exchange of views on the implementation and ambitions of the plan. So, Commissioner, thank you very much for joining us. You have the floor.”
EU housing policy
“Thank you. Thank you Pasquale. So we start now with our first panel. Taxation and affordability. How tax policies shape housing access in the EU. So as housing costs are surging across Europe, we must examine how tax policies influence affordability. Tax measures on property, income and investments directly impact who can access housing and where. So today we'll explore current tax instruments across the EU, their effects on different populations, and potential reforms that could make housing more accessible. So we seek your insights on aligning taxation with our goal of ensuring decent, affordable housing for all Europeans and how European and national policies can work together effectively. So we really look forward to hearing our experts insights on this. So it's my pleasure to warmly welcome our distinguished speakers. Professor Doctor Sebastian Felder, Chair in business taxation, University of Magdeburg. Uh, missus Diana Hourani, economist, center for Tax Policies and Administration, OECD. Uh doctor, uh Jaume Menéndez Fernandez, PhD in economics and member of the governing board of the Catalan Professional Association of Economists. So, uh, each one of you, uh, is kindly invited to take the floor for seven minutes and, and then, uh, we will have questions. So, professor, uh, I felt there. He should be connected remotely. Thank you for accepting our invitation. The floor is yours. Thank you. We can see you.”
Priorities of taxation policy in the EU
“Thank you very much. I give myself the floor to add a little bit thing based on these two questions. And this is specifically to Mr. Arrigo. Uh, you mentioned, uh, an enormous stock of empty houses, about maybe 7 million, I don't remember. You know, this is enormous. Astonishing. Uh, I would like to ask you if these are all, uh, public housing. No. Mixed private and public. So the question related is, uh, would it be possible to attract private capital to restore these or in order to recover this kind of abandoned or empty houses? In these cases it is needed to have some form of public funding. So this is the question I have. Now I give the floor to, uh. Mrs.. Uh, or or, uh. Aguirre. I apologize. Uh, uh. No. For Reno.”
EU policy on urban development
“Months and nobody can give me what I'm interested. It's not the percentage on the whole park, because probably 80% is occupied by the owner, so it would never be available. I'm interested in that percentage of houses that could be and are available for long term renting. So how many are these? So maybe it's I don't know I don't know, but I would like to see the numbers. Not of the entire park of houses, but only of those who would be available for renting. And see among these how many are rented in long term? How many are rented in short term? How many are kept empty? Because we also heard that it could be that there is a problem of PCOS. Vacios por cualquiera.”
EU regulation of short-term rentals
“One thing, the data that, uh, Mrs. Shelby brought data of the services of the parliament. So the accusation that these are fake data is very serious. So I would like to check with you, uh, because, uh, if the services of the parliament are bringing us fake data, it's a very serious accusation. So maybe later we can take some time to check that, because as far as I knew, the data on that were mentioned on the trend of the rents where official data, because we are the same data that we also were provided during our mission. Of course, this cannot be the only criteria. I mean, the successful of a policy can be measured through different criteria. So I'm not I'm not judging the policy, but I'm just interested in learning about the data that we have. So it's I think it's important that we have a double check on that later. Um, so now we have a request for Catch the Eye. I also had a request of Mrs., uh, Mr.. Um, Jimenez. Lara's, uh, very quickly. Uh, I don't like to give too many space to, uh, polemics between colleagues, but I think you have the right to respond quickly. Thanks.”
Transparency requirements of EU institutions
“The report reflects, of course, the majority of the consensus of the committee and of the different ideas we are in a democracy. We confront with with. We have a dialogue. It reflects most of the work that we have done in the sense that it contains many things that at the very beginning of the committee, were not even on the table. Layla, you know that the fact that now we have a report that addresses the issue of public housing, social housing, homelessness also encourages the commission to take action on speculation to understand more where we couldn't get enough information, intervention on the short term rentals. Of course, we cannot legislate now, but we have a commitment on the side of the European Commission to do so. Where one year ago Everybody told us that this would have never been possible. Thank you. So I think, yes, we made a major step ahead.”
EU housing policy
“As a result, the design of the tax system can reinforce inequalities in access to housing, Benefiting those with greater financial capacity to accumulate property wealth and exploit fiscal advantages, while potentially constraining the supply of affordable housing for the middle income households. Recognizing the institutional and financialized nature of housing markets is therefore crucial for understanding market dynamics, resource allocation, and the broader social and economic implications of public policy. Taken together, these elements illustrate an important point housing taxation is not a single instrument, but a complex architecture of policies that influence household behavior, investment decisions, and housing market dynamics. Understanding this architecture is essential when discussing housing affordability. At the same time, it's important to recognize the institutional framework in which these questions are addressed. Taxations. I mean, even in the previous panel, it's been mentioned many times, it remains a national competence. And housing markets also differ a lot across Europe. But nevertheless, the European level can play a constructive role by fostering coordination, coherence, long term planning instruments such as the European Semester, for example. They are designed exactly to ensure consistency, consistency between economic, social and fiscal objectives across member states, providing a framework in which national policies can be aligned with broader European goals. Financial regulation, investment programmes and fiscal frameworks all interact with the housing market in important ways, and ensuring coherence across these areas can create a more stable environment for long term housing investment.”
EU competences on taxation
“Now, I am very pleased to open today's public hearing on the impact of tax policies while addressing the housing crisis in the European Union, which is jointly organized with the Subcommittee on Tax Matters. Fisc less here. I'm in particular, this is a timely and highly relevant discussion, and I would like to express my sincere thanks to all those who made today's meeting possible. In particular, I would like to warmly thank the experts who are with us today, whether in person or remotely, for sharing their time and expertise. Our colleagues for the European from the European Commission, for their valuable presence and ongoing contributions to the EU's effort on housing and taxation. And, of course, my fellow members from both the House and Fisc committees for their continued commitment to addressing these complex and interconnected issue. So today's agenda is structured around two key thematic panels that will guide our discussion. The first one will explore how tax policies shape housing affordability and access across the EU. The second one will focus on how fiscal tools can help rebalance housing markets and support broader policy goals, such as social inclusion and sustainability. Together, these discussions aim to shed light on how taxation, often seen as a technical matter, can be actually a powerful lever for achieving fairer, more inclusive housing outcomes in Europe. So we look forward to a productive exchange of ideas and perspectives. And before we begin, I would like to pass the floor to the fifth chair, Pasquale Tridico. And I also thank you, Pasquale, for the good cooperation in organizing this.”
Priorities of taxation policy in the EU
“Okay. Good morning colleagues. So let's get started with our meetings before we start, just to a few remarks. Just to remind you that today's meeting is web streamed on Parliament's website and that we have interpretation in 16 languages. Or as usual, we need to start with the approval of the agenda. If there are no objections, the agenda is deemed adopted. And then we also have to adopt the minutes of our meeting of March 24th, 2026. If there are no objections, the minutes are adopted. So now we start our exchange. So we are Executive Vice President. Dear colleagues, welcome to this exchange of views with the Special Committee on the Housing Crisis. Today's discussion addresses a question that is central to our mandate. What has the mid-term review of cohesion policy delivered for housing and what must still be done? Europe's housing crisis is not receding in many countries. We've seen. We continue to see numbers that show how the prices continue to increase. This means that is creating problems for citizens. Moreover, mortgages rates are going up. The supply is continues to to shrink. The growing financialization of the housing market also it's increasing as all of these combination of factors are pushing home ownership and affordable rental out of reach for millions of Europeans. So this is not just a social concern. This is an economic territorial Challenge, with direct consequences for labour mobility, regional competitiveness and social cohesion. So against this backdrop, the mid-term review was an important and necessary step. So I want to begin by acknowledging what it has been achieved and what it has delivered. According to the commission's official factsheet published in March, a total of Euro 34.6 billion in cohesion policy funds was re-allocated to the new EU strategic priorities across 25 member states and through 186 amended programmes.”
EU policy on urban development
“Sorry, I very quickly I was solicited by the raising of the issue of housing. Um, recently, um, Bowman from the Federal Reserve, the vice president said that, uh, they are considering measures to, uh, lower requirements to make it easier for banks to loan and, and hold mortgages. Um, this is justified as a way to make it easier for people to own homes, but also, most importantly, to bring back, uh, loans and mortgages in the banking sector, uh, rather than non-banks because they've seen a drop in in these. And now I don't know if this is really the way we want to, uh, monitor things to lower capital requirements or to loosen the regulation. So I don't want to I don't want you to comment too much on what Bowman said. But I would like you to tell us how is the situation in Europe? How do you see that? Uh, and if you are seeing in the debate, internal debate, pressures to follow these kind of measures in Europe as well? And how do you see that? Thanks.”
Financial regulation
“Well just a quick question to Matsafero because earlier you said that you were ready to elaborate further on possible loopholes in our legislation concerning risks related to fungibility redemption. So here is the question: can you elaborate further and let us know what you see as current loopholes in the legislation that could create risks? And also if an issuer in euro pegged those stablecoins in the US, is it obliged to have reserves in the US or not? I mean I also would like to know how it works both here in the EU and there and to see what kind of a symmetry or asymmetry is there.”
Regulation of crypto
“Okay. Thank you. Thank you very much. Uh, I think I have no further requests for the floor on this first session, so thank you very much, Doctor Hyland, for your insights and for answering the questions. And now we start the second session on the impact and regulation of short term rentals in the EU. Uh, these sessions consist of two speakers, each presenting findings from their respective publication. Uh, and then at the end of both presentations that then we will have the, the Q&A. Uh, so doctor uh or column A column uh will start by presenting the regulatory aspects of short term rentals in the EU. Uh, she's a professor of urban planning, public policy and urban studies at the University of Cambridge. Over the past years, she has worked on a research project comparing the regulations of short term rentals in different European cities and countries, which she built upon in her research for the Housing Committee. So. Uh, Mrs. Colombo, thank you again for accepting our invitation. The floor is yours.”
EU regulation of short-term rentals
“Thank you. President. The 23rd of October was the first time that the issue of housing was brought into the European Council. And I really want to thank President Costa for having brought this issue at the core of the debate. I think it's essential that heads of state and government recognise the House emergency that is spreading across Europe, and for sure the conclusions are a first step. But let's be honest, this is far too little compared to the scale and the depth of the crisis that millions of European citizens are facing. It's obvious that not all the governments are ready to tackle this challenge at the scale that is needed, and to acknowledge the constructive role that the European Union can and should play in addressing it. So I do hope that the European Commission will keep its ambition high in the plan that is being to going to be revealed in December, the plan on affordable housing. And I hope that the commission will also help us in pushing the council together with President Costa, all the governments that are still reluctant to do more for the citizens. Also, in terms of budget for the next MFF, the well-being of citizens should be at the center of our common action beyond any ideological stance. So please join us in this battle for the European citizens.”
EU housing policy
“Okay, colleagues. Please take a seat So we can start our hearing. So we are pleased to open today's meeting and extend a warm welcome to all participants. The title of this morning public hearing is, uh, tourism, Short Term Rentals and Housing Affordability Balancing economic Growth with Housing Accessibility in Europe. The meeting is structured around a single panel featuring four distinguished experts, all of whom are here with us today. So thank you very much for joining us. Um, and so we have Mrs. Marianne Muro, director general of Aperture. Uh, Mr. Mark Beckwith, EU representative of the city of Amsterdam, uh, European Cities Alliance on short term rentals. Welcome. Uh, Mrs. Malika Perro, co-founder and general coordinator at Alda Association. Nation, and Antonio Barriga, Director general, Federal Turismo Confindustria. I remember that each expert will take the floor for six minutes. Intervention. Uh, we all know the importance of tourism for the European economy. Yet the rapid growth of short term rental platforms has transformed housing markets in many cities and touristic areas, creating new economic opportunities on one hand, but on the other also some challenges for housing affordability and community life. Today's hearing will explore how we can strike the right balance between economic growth and the social right to affordable housing. We will look at the impact of short term rentals on local communities, the role of the European Union and national policies, and how better regulation and cooperation can help ensure that tourism remains both sustainable and inclusive. So without any further delay, we move to the first expert. So, Mrs. Mauro. Thank you again for accepting our invitation. And the floor is yours.”
EU regulation of short-term rentals
“Yes, Marcos stole my question. So no it was. It is on the same on the same topic, but on a slightly different angle. So, uh, we also had Mario Draghi yesterday in the plenary and he, uh, addressed the issue of defense. And he said that the biggest problem that we have as a European Union on defense is not so much the quantity of expenditure, but how it is coordinated. The interoperability of the systems which eventually makes the European defence systems more, less or more credible depending on how strong, united, coordinated and interoperable. So in the face of this proposal that president von der Leyen made, which apparently still has to be detailed. Uh, don't you think that allowing national, uh, expenditure single member states to increase their expenditure without any sort of coordination actually increases the fragmentation in the European Union rather than decreasing it, rather than making the defence European defence stronger. And don't you think that one possibility could really be this one, if we want to strike a compromise national expenditure, but conditional on financing European projects on which I believe, and I hope that we are discussing about something about that. So how do you see that? How do you see the political conditions? What could be the process also of implementing this? Because timing is also of essence. So I hope we are not debating this for months and years, but that we can have something concrete that really strengthen the European capacity and defense. Thank you.”
EU competences on defence
“So I'm concluding, But, you know, we've been working a lot and I really believe this is a crucial point, but just a broader reflection. Housing is often discussed primarily as a social issue, and rightly so. Access to adequate housing is closely connected to well-being, dignity, quality of life. But housing is also a central component of modern economic systems. It influences how labour market functions, how cities develop, how wealth is accumulated across generations. And in Europe today, housing costs increasingly shape decisions about where people study, where they work, where they form their family. If they form a family, sometimes they cannot even afford because they are afraid. They cannot provide for a decent housing for the family. For firms and local economies, the availability of affordable housing has become an important factor as well is an important factor in attracting and retaining workers for government housing market have implications for financial stability, urban development and fiscal sustainability. For all these reasons, housing policy deserves careful and rigorous economic analysis, including its fiscal dimension. Of course, taxation alone will not solve the whole housing challenges that is facing Europe. But understanding how tax systems interact with housing markets can help ensure that public policies support efficient allocation of resources. Adequate housing supply and sustainable economic development. So thank you very much for this opportunity, and I'll leave you with a very distinguished panel for a fruitful discussion. Thank you.”
EU housing policy
“Yes, I, I just would like to raise a question on the transparency of the project selection. Uh, because the annual report, uh, merely states that the requests were selected according to the criteria set out in the TSC regulation, but it does not explain how these criteria were actually applied or weighted in practice. So if the Commission can clarify whether all criteria were given equal importance or some others were given, uh, different, uh, weight, um, moreover, in the mid-term evaluation of the TSC, it refers to the existence of an internal scoring system that used is used to assess the request. So I wonder why this internal scoring system is not described in the annual report. And, uh, if the Commission would consider making at least a summary version of this, mechanism and make it public to allow for a meaningful parliamentary scrutiny. And finally, whether the Commission intends to, um, to include in future reports. Also a brief account of the projects that have not been selected, uh, in order to. Improve transparency over the management of priorities and resources. So thanks.”
Accounting and auditing of EU budget
“Okay. Good morning everyone. So before we start our meeting, just a couple of remarks. Uh, just a reminder that today's meeting is web streamed on the Parliament's website. Uh, and then we have interpretation in 12 languages. I'm not going to list all of them. You can find out, uh, the adoption of the agenda. If there are no objections, the agenda is deemed, uh, adopted. And then we, uh, jump to the core of our meetings today. Uh, so the, um, today we welcome the executive vice president, Stéphane Séjourné, a commissioner for Prosperity and industrial strategy. Uh, for the first time, uh, housing forms part of your portfolio, dear Vice President, reflecting its strategic importance for Europe's industrial and economic future. So today we have the opportunity to further explore your initiatives in the construction sector and foremost, the forthcoming measures on short term rentals that were announced by president von der Leyen in the 2025 state of the European Union address. So your initiatives on decarbonisation, the Circular Economy Act, the clean industrial Deal will shape how Europe produces construction materials, improves energy efficiency and promotes circular construction practices. Dg, DG growth work from fostering innovation and sustainability in construction to streamlining building permits and revising public procurement rules is essential to delivering efficient housing construction. These measures directly support the European Affordable Housing Plan in ensuring citizens access to safe, decent and affordable homes. A particularly pressing issue concerns short term rentals in urban areas. As you know, this topic has sparked considerable debate both in this House and in the public sphere. Given its growing impact, president von der Leyen highlighted this as a key pillar of the 2025 housing crisis response, alongside support for new construction. So we would like to hear more on these aspects. So, Vice President, your portfolio holds a crucial levers for transforming Europe's built environment and ensuring the single market functions effectively, including the delicate balance between tourism and citizens access to homes. We look forward to hearing your vision. How the European Parliament and the Commission can work closely together to tackle these challenges. So, Commissioner, you have the floor.”
EU regulation of short-term rentals

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