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In order to increase the public awareness of the reports voted in ECON, provisional versions of Reports will be made available to the public in Reports voted in ECON until the on-line publication in Documents : Reports.
 
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Highlights
 
MEP Gunnar Hokmark pictures in the plenary before the start of the debate on Radio spectrum  
Vote on Recovery and Resolution Directive

On 20 May ECON  is due to vote on its report on the proposal for a directive on bank recovery and resolution. 
This is a key pillar in the reform of EU banking legisation, following the agreement on the capital requirements and single supervisor packages in recent weeks.
 
Monday, 20 May, from 19:00-20:30, room LOW R3.1, in Strasbourg

   
Jeroen Dijsselbloem eurogroup president  
Economic Dialogue and exchange of views with the President of the Eurogroup

Monday 7 May 2013, 14:00 -15:15, room JAN 6Q2

The President of the Eurogroup, Mr Jeroen Dijsselbloem, (Minister of Finance, Netherlands) appeared before ECON for his second Economic Dialogue and exchange of views on 7 May between 14:00-15:15. This meeting was specifically dedicated to issues around the decision-making and the substance of the financial assistance programme for Cyprus.   
 
The subsequent Economic Dialogue with Mr Dijsselbloem is foreseen for 5 September 2013.

   
Journalists seminar on immigration directive  
Workshop for senior editors

The future of Europe in a time of crisis
The European Parliament Press Service held a workshop for senior editors on the future of Europe in a time of crisis on 8 May 2013 in Brussels. A broad debate on the future of the euro area, particularly with respect to the challenges ahead in terms of solidarity, democracy and economic and financial stability, was held with leading representatives of the EP. Attention was also given to the role played by non-euro countries.
 
Wednesday 8 May 2013, 09:45 - 13:00, Room PHS 4B001

 
Further information
 
ECON delegation to Portugal on 29 - 30 April

A delegation of 12 ECON Members, including the Chair visited Portugal on 29 and 30 April. The delegation met, inter alia, the Portuguese Ministers of Finance and of the Economy, Members of the national Parliament, the Governor of the Central Bank and the social partners. The delegation discussed in particular the reforms which are being implemented and the corrective measures taken for budgetary consolidation and recovery of the Portuguese economy.

 
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MEPs dissect Cyprus bailout with Messrs Rehn and Asmussen
ECON 08-05-2013 - 13:14  

The confusion and delay that surrounded decisions on the Cyprus assistance plan were not only due to Cypriot intransigence. Rather, they reveal a need to radically rethink Eurogroup and Troika working methods, argued Economic and Monetary Affairs Committee MEPs in Wednesday's debate with Commissioner Olli Rehn and ECB Executive Board member Jorg Asmussen.

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MEPs set to dig deeper into Troika's Cyprus deal
ECON 07-05-2013 - 18:16  

Pressure to reveal how the Cyprus financial plans were hatched would continue, the chair of Parliament's economic and monetary affairs committee, said on Tuesday when she closed a debate with Eurogroup President Jeroen Dijsselbloem that left various MEPs less than fully satisfied on the quality of the answers provided.

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Commissioner Rehn pledges slower austerity to critical MEPs
ECON 25-04-2013 - 15:52  

The European Commission's austerity focus was widely lambasted by centre-left MEPs at an Economic and Monetary Affairs Committee meeting with Commissioner Olli Rehn on Thursday, only a week after he last came in for strong criticism in Parliament's plenary chamber. But the centre right's lead MEP urged Mr Rehn to show more bravery and conviction amid growing signs that the Commission may to bow to anti-austerity campaigners.

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Breathing room and rate cut on the cards as ECB readies for slowdown
ECON 24-04-2013 - 18:38  

MEPs quizzed European Central Bank Vice-President Vitor Constancio on what more can be done to help credit flow to businesses and households, whether austerity is the right recipe, ECB transparency and possible interest rate cuts at Wednesday's Economic and Monetary Affairs Committee meeting on ECB activities in 2012.

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Home loans: better protection for buyers
ECON 23-04-2013 - 10:47  

Property buyers would be better informed about the costs and consequences of taking on a mortgage, better protected from market swings while the contract lasts and better protected if they cannot repay the loan, under a provisional deal struck by Economic and Monetary Affairs Committee MEPs and EU member state representatives on Monday. To become law, this deal must be approved by Parliament as a whole and endorsed by the member states.

Presentation 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.
 
Today's broadcasts
 
21:00 / 23:00 ECON   Watch the meeting
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08-05-2013 - 09:38   ECON Meeting   Watch the meeting
07-05-2013 - 14:08   ECON Meeting   Watch the meeting
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Welcome words
 
Sharon Bowles, Chair of ECON Committee@European Parliament  
 

The European Parliament is a major agenda-setter in the area of European policy and the Economic and Monetary Affairs Committee (ECON) plays a key role in the work of the Parliament. It has responsibility for such matters as the economic and monetary policies of the EU, taxation and competition policies, free movement of capital and the regulation of financial services (banks, insurance, pension funds, asset/fund management, accounting, international monetary and financial systems etc.). Moreover, as the great majority of Parliament's work is done at Committee level, it is ECON that does most Parliamentary work on these key economic and monetary policy areas. This puts ECON at the centre of the Parliament's work on the current economic and financial crisis and gives ECON significant influence on the policy agenda in the EU and internationally.
 
As regards the monetary policies of the Union and the functioning of EMU and the European monetary system, the accountability of the ECB vis-à-vis the Parliament plays a key role, as it acts as an important counterbalance to the central bank's independence.
 
ECON plays a key role in making EU law, because the Parliament is, together with the Council, the EU's co-legislator in most EU policy areas. EU law often determines the national laws and regulations in Member States, especially in financial services and, after the entry into force of the Treaty of Lisbon, in the area of EU economic governance. This allows an ECON Members to shape EU law in these important areas of EU policy.