European Semester: 2015 priorities and beyond

22-10-2015

The European Semester is a key monitoring element of the EU's economic governance framework which aims to detect, prevent, and correct problematic economic trends such as excessive government deficits or public debt levels. As part of the annual evaluation cycle, the European Parliament's Economic and Monetary Affairs (ECON) Committee notes insufficient implementation of country-specific recommendations in some Member States, and expresses concerns that economic recovery may be threatened by the EU's underlying structural weaknesses and regional differences. On 21 October 2015, the European Commission proposed to 'revamp' the European Semester process and to better align recommendations for the overall EU/euro area with those for individual Member States.

The European Semester is a key monitoring element of the EU's economic governance framework which aims to detect, prevent, and correct problematic economic trends such as excessive government deficits or public debt levels. As part of the annual evaluation cycle, the European Parliament's Economic and Monetary Affairs (ECON) Committee notes insufficient implementation of country-specific recommendations in some Member States, and expresses concerns that economic recovery may be threatened by the EU's underlying structural weaknesses and regional differences. On 21 October 2015, the European Commission proposed to 'revamp' the European Semester process and to better align recommendations for the overall EU/euro area with those for individual Member States.