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This briefing follows up the commitments made by the commissioner since 2019.

Mit dem Normandie-Index, der sich nun in seinem dritten Jahr befindet, soll gemessen werden, inwieweit Frieden, Sicherheit und Demokratie in der Welt bedroht sind. Er wurde erstmals anlässlich des Friedensforums der Normandie im Juni 2019 als Ergebnis einer Partnerschaft zwischen dem Europäischen Parlament und der Region Normandie vorgestellt. Der Index wurde vom Wissenschaftlichen Dienst des Europäischen Parlaments (EPRS) in Zusammenarbeit mit dem Institut für Wirtschaft und Frieden (Institute for ...

The purpose of this document is to show the differences between some key indicators of the 2021 Stability and Convergence Programmes (SCP) of the EU Member States and the Spring 2021 economic forecast of the European Commission. In accordance with Art. 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most ...

This fifth edition of the background reader on the European Semester, prepared by the Economic Governance Support Unit (EGOV) in the Directorate for Economic and Scientific Policies of the European Parliament, provides an overview of publications related to the European Semester from a parliamentary perspective. It aims at further increasing the links between Members of the European Parliament and national Parliaments, notably during inter-parliamentary meetings.

This note presents summaries of four papers on the conditions and timing for the future deactivation of the general escape clause of the Stability and Growth Pact, which is in force since March 2020. The papers, written by external experts, were requested by the ECON Committee of the European Parliament.

Based on a brief assessment of the current EU fiscal framework, the paper discusses when and how fiscal surveillance should be enacted again, and investigates possible options for reform. The general escape clause should be lifted as soon as epidemiological conditions allow for economic activity to normalise, probably by 2022. We propose a transitory arrangement if the discussion on a broader reform of the fiscal framework remains inconclusive while the general escape clause is in force.

„Unabhängige finanzpolitische Institutionen“ oder in einigen Fällen „finanzpolitische Institutionen“ sind ein integraler Bestandteil des Rahmens der wirtschaftspolitischen Steuerung der EU. Dieses Dokument bietet eine Einführung in diese Einrichtungen und ihre Rolle, in die ihnen zugrunde liegenden EU-Rechtsrahmen und eine Zusammenfassung der jüngsten Debatte über diese Einrichtungen im Zusammenhang mit der Überprüfung des umfassenderen Rahmens der wirtschafts-politischen Steuerung in der Europäischen ...

This paper provides a framework for considering when and how to deactivate the general escape clause of the Stability and Growth Pact (SGP). That framework takes into account the goals of the SGP, the desire to avoid pro-cyclical policy influences that might stifle Europe’s economic recovery, and the necessity not to endanger fiscal sustainability in the medium term. The framework also considers the variation in performance across countries and the indicators that might be used to map transitional ...

This document compares key figures included in the 2021 Draft Budgetary Plans (DBPs), as submitted by the Euro Area Member States by mid of October 2020, with those of the autumn 2020 forecasts by the European Commission (EC) and the key figures included in the 2020 Stability Programmes (SPs), as submitted by the Euro Area Member States by end of April 2020, with the those of the 2020 spring forecasts by the EC. The DBPs and the SPs are available on the Commission homepage (here: DBPs and SPs ). ...

This note provides an overview of the country-specific recommendations issued annually to EU Member States under the European Semester for economic policy coordination. It presents how these recommendations evolved over time (2012-2020), including from the legal base perspective. Finally, it gives insights on the level of implementation of recommendations issued under the 2012-2019 European Semester cycles. The note is updated on a regular basis.