Latest news
November 2014

► The next ECON Committee meetings:
  3 November 15:00 - 18:30 and 4 November 9:00 - 12:30  in Brussels (room JAN6Q2)
  11 November 9:00 - 12:30 and 15:00 - 18:30 in Brussels (room JAN 4Q2)
  17 November 15:00 - 18:30 in Brussels (room PHS 3C50)
Latest study and briefings:
► Reports voted in ECON (provisional versions)
In order to increase the public awareness of the reports and final texts voted in ECON, provisional versions are available to the public in Reports voted in ECON / final texts agreed with Council until the on-line publication in Documents : Reports or in Plenary.

European Semester implementation vote. Money market funds, ECB sanctions

The INI Report to be adopted by the ECON shall evaluate the ongoing European Semester and provide input for the upcoming year's Annual Growth Survey. During the meeting ECON will also discuss draft regulations on the powers of the ECB to impose sanctions and to collect statistical information and the legislative proposal on money market funds. The latter aims to ensure uniform requirements that apply to money market funds throughout the Union.
Monday, 13 October from 15:30-18:30, room PHS 3C50

Hearings with Commissioners-designate

Hearings with Commissioners-designate will take place from 1-7 October.
Exchange of letters between the EP President M.Schulz and the EC President-elect J-C.Juncker:
For more information please see:

Further information
Latest press releases
See all  
ECON 13-10-2014 - 17:51  

EU countries need to do more to put their EU economic policy reform pledges into effect at home, especially in the euro area, urged Economic and Monetary Affairs Committee MEPs on Monday. Noting that only 10% of the European Commission's country-specific reform recommendations (CSRs) for 2013 were implemented in full and that little or no progress was made on 45% of them, MEPs also pressed the Commission and the Eurogroup President to see that they are put into practice.


"The priorities of the Italian Council Presidency were outlined to the various parliamentary committees by Italian ministers in a series of meetings held in July and September."

Powers and responsibilities
Committee responsible for:
1. the economic and monetary policies of the Union, the functioning of Economic and Monetary Union and the European monetary and financial system (including relations with the relevant institutions or organisations);
2. the free movement of capital and payments (cross-border payments, single payment area, balance of payments, capital movements and borrowing and lending policy, control of movements of capital originating in third countries, measures to encourage the export of the Union's capital);
3. the international monetary and financial system (including relations with financial and monetary institutions and organisations);
4. rules on competition and State or public aid;
5. tax provisions;
6. the regulation and supervision of financial services, institutions and markets including financial reporting, auditing, accounting rules, corporate governance and other company law matters specifically concerning financial services;
7. the relevant financial activities of the European Investment Bank as part of European economic governance in the eurozone.
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Welcome words

Welcome to the Committee on Economic and Monetary Affairs (ECON). The Committee is responsible for Economic and monetary Union (EMU), the regulation of financial services, the free movement of capital and payments, taxation and competition policies, and the international financial system.
The 7th legislature was marked by the most serious economic, financial and social crisis of recent times. The ECON Committee played a decisive role in the adoption of legislation responding to the crisis and took on an increased workload of scrutiny and reports. Consequently the Parliament decided to enlarge the Committee from 50 to 61 Members.
Our top priority today is growth and jobs. Stability, the promotion of investment, reform and social cohesion must be mutually reinforcing. ECON will promote a serious debate on this agenda.
I am convinced that we must move now towards a genuine EMU with an effective economic government, accountable to Parliament.
We need to complete key legislation on banking reform, financial crime and promoting investment in long-term growth-related projects.
We also have to ensure that the new regulatory framework is properly implemented and reviewed, and will monitor closely the Commission and the European Supervisory Authorities. A well regulated and functioning capital market is key to growth.
Finally, the Committee will join the efforts to strengthen democratic legitimacy on the basis of the Community method. A deep and genuine EMU must be a democratic EMU. The Committee will therefore strengthen its cooperation with National Parliaments.