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This note looks at the 2024 recommendation on the economic policies of the euro area proposed by the Commission and agreed by the Council. The note provides a review of the euro area recommendations from an institutional perspective and includes broad comparisons to earlier recommendations, in order to illustrate how policy concerns have evolved over time. This note will be updated in light of relevant developments.

Implementation of the 2023 euro area recommendations

Análisis en profundidad 08-03-2024

This note provides an overview of the implementation of the 2023 Recommendation on the economic policy of the euro area proposed by the Commission and agreed by the Council. It makes use of public information and proxies such as on how the Eurogroup has integrated euro area recommendations’ concerns in their “thematic discussions” and work programmes. This note will be updated in light of relevant developments.

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent committee(s) of the European Parliament since September 2019 under the European Semester for economic policy coordination. It also lists the Recovery and Resilience Dialogues with the European Commission as undertaken by the competent committee(s) since the entry of force of the Recovery and Resilience Facility in 2021. It also includes an overview of the ...

El marco de la Unión para las políticas presupuestarias

Fichas temáticas sobre la EU 14-12-2023

A fin de velar por la estabilidad de la unión económica y monetaria, es necesario disponer de un marco sólido para evitar en la medida de lo posible la insostenibilidad de las finanzas públicas. A finales de 2011 entró en vigor, como parte del «paquete de seis medidas» (conjunto de medidas de gobernanza económica), una reforma que modifica el Pacto de Estabilidad y Crecimiento (PEC). A principios de 2013 entró en vigor otra reforma en este ámbito de actuación, el Tratado de Estabilidad, Coordinación ...

La historia de la unión económica y monetaria

Fichas temáticas sobre la EU 14-12-2023

La unión económica y monetaria (UEM) es el resultado de la integración económica de la Unión. El euro se introdujo como moneda común de la zona del euro, formada actualmente por veinte Estados miembros. Todos los Estados miembros de la Unión, a excepción de Dinamarca, deben adoptar el euro una vez cumplan los criterios de convergencia. El Eurosistema, que incluye al Comité Ejecutivo del Banco Central Europeo y a los gobernadores de los bancos centrales de la zona del euro, fija una política monetaria ...

La gobernanza económica

Fichas temáticas sobre la EU 05-12-2023

La gobernanza económica hace referencia al sistema de instituciones y procedimientos establecido para lograr los objetivos de la Unión en el ámbito económico, es decir, la coordinación de las políticas económicas a fin de fomentar el progreso económico y social para la Unión Europea y sus ciudadanos. La crisis financiera, presupuestaria y económica que se inició en 2008 reveló que la Unión necesitaba un modelo de gobernanza económica más eficaz que la coordinación económica y presupuestaria vigente ...

This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, examines the fiscal responses of the EU to the Covid-19 pandemic and the war in Ukraine. It claims that the law & policy tools developed to address these crises have led to the establishment, and consolidation, of an EU fiscal capacity – contributing to overcoming the original imbalance of the EU’s Economic & Monetary Union. Nevertheless, the ...

EU’s response to the US Inflation Reduction Act (IRA)

Análisis en profundidad 02-06-2023

Although the US Inflation Reduction Act (IRA) pursues a range of aims, the two main ones are the lowering of inflation by removing purchasing power from the US economy, and to provide the United State's contribution to fighting climate change. Unlike similar EU measures, most of its climate support is done via tax subsidies. Although hailed in the EU for heralding a new era in US climate policy, the IRA is being criticised for its outright 'Buy American' provisions. Amongst others, it is feared that ...

This table provides a regular update on Member States invited for an Economic Dialogue in the competent Committee of the European Parliament and an overview of the respective legal base.

This note gives a short overview of the main steps in the framework of euro area Member States’ budgetary policy coordination and surveillance during the autumn cycle of the European Semester. This enhanced monitoring and surveillance of euro area Member States’ budgetary policies is done in accordance with EU law. It aims to identify and correct at an early stage during the Semester cycle any risks of deviation from fiscal policy recommendations agreed by the Member States, ultimately by asking ...