105

result(s)

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Policy area
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Keyword
Date

Structural Budget Balances in EU Member States - November 2019

14-11-2019

Structural budget balances play an important role in the fiscal policy frameworks of the EU both as part of the application of the Stability and Growth Pact (SGP) and in the implementation of the balanced budget rule by the contracting parties of the intergovernmental Treaty on Stability, Coordination and Governance in the EMU (the fiscal section of the Treaty is called “Fiscal Compact”). This document provides a short overview of the concept and application of the structural balance rule(s) in ...

Structural budget balances play an important role in the fiscal policy frameworks of the EU both as part of the application of the Stability and Growth Pact (SGP) and in the implementation of the balanced budget rule by the contracting parties of the intergovernmental Treaty on Stability, Coordination and Governance in the EMU (the fiscal section of the Treaty is called “Fiscal Compact”). This document provides a short overview of the concept and application of the structural balance rule(s) in the EU. It will be regularly updated, in particular, the Annex that shows progress made (based on the latest Commission forecast) by Member States in reaching their structural budget commitments under the preventive arm of the SGP.

Implementation of the Stability and Growth Pact (November 2019)

14-11-2019

This document gives an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact (SGP) on the basis of (1) the latest Council decisions and recommendations in the framework of the SGP; (2) the latest European Commission (COM) economic forecast; and (3) the latest COM Opinions on the Draft Budgetary Plans (DBPs) of euro area Member States. The document is regularly updated.

This document gives an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact (SGP) on the basis of (1) the latest Council decisions and recommendations in the framework of the SGP; (2) the latest European Commission (COM) economic forecast; and (3) the latest COM Opinions on the Draft Budgetary Plans (DBPs) of euro area Member States. The document is regularly updated.

Economic Dialogue with the President of the Eurogroup - ECON 18 November 2019

14-11-2019

Mário Centeno, has been invited to his first Economic Dialogue for the current legislative term of the European Parliament. The previous dialogue in the ECON Committee took place on 20 November 2018. During the 8th legislative term, 9 Economic Dialogues with the President of the Eurogroup took place in the ECON Committee. This briefing provides an overview of the ongoing work of the Eurogroup as regards Council recommendations to the Euro Area as a whole, public finances, macro-economic imbalances ...

Mário Centeno, has been invited to his first Economic Dialogue for the current legislative term of the European Parliament. The previous dialogue in the ECON Committee took place on 20 November 2018. During the 8th legislative term, 9 Economic Dialogues with the President of the Eurogroup took place in the ECON Committee. This briefing provides an overview of the ongoing work of the Eurogroup as regards Council recommendations to the Euro Area as a whole, public finances, macro-economic imbalances, ex-post surveillance and the banking union.

Key features of 2020 Draft Budgetary Plans

12-11-2019

This document compares the key features of the 2020 Draft Budgetary Plans (DBP), as submitted by the Euro Area Member States by mid of October 2019, with the autumn 2019 forecasts by the European Commission (EC) and the key features included in the 2019 Stability Programmes (SP), as submitted by the Euro Area Member States by end of April 2019, with the 2019 spring forecasts by the EC. While blue cells indicate that the Member State is more optimistic than the EC forecast, grey cells indicate that ...

This document compares the key features of the 2020 Draft Budgetary Plans (DBP), as submitted by the Euro Area Member States by mid of October 2019, with the autumn 2019 forecasts by the European Commission (EC) and the key features included in the 2019 Stability Programmes (SP), as submitted by the Euro Area Member States by end of April 2019, with the 2019 spring forecasts by the EC. While blue cells indicate that the Member State is more optimistic than the EC forecast, grey cells indicate that the Member State is less optimistic than the EC forecast. An overview comparing these figures with the required fiscal efforts and the medium-term budgetary objectives (MTO), as included in the latest Council decisions/recommendations, is provided in a separate EGOV document.

Macro-Financial Assistance to EU Member States - State of Play, November 2019

08-11-2019

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, EFSF, EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Against the background that since August 2018 all financial assistance programmes to EU Member States have been concluded, the document focuses now on the implementation of the enhanced surveillance framework for Greece and post-programme reviews (including IMF Article IV ...

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, EFSF, EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Against the background that since August 2018 all financial assistance programmes to EU Member States have been concluded, the document focuses now on the implementation of the enhanced surveillance framework for Greece and post-programme reviews (including IMF Article IV assessments) for Ireland, Portugal, Romania and Spain undertaken by the European Commission (EC) in liaison with the ECB (Post-Programme Surveillance, PPS), the IMF (Post-Programme Monitoring, PPM) and the ESM (Early Warning System, EWS).

The European Semester for economic policy coordination: A reflection paper

25-10-2019

This paper provides an overview of the current EU economic governance framework, in particular of the so-called EU ‘rules- based’ surveillance framework of national budgetary, economic and social policies. It raises some broad questions on the lessons learned and proposes some reflections for the future. This document was prepared by the Economic Governance Support Unit of the European Parliament and the opinions expressed are the sole responsibility of the authors and do not necessarily represent ...

This paper provides an overview of the current EU economic governance framework, in particular of the so-called EU ‘rules- based’ surveillance framework of national budgetary, economic and social policies. It raises some broad questions on the lessons learned and proposes some reflections for the future. This document was prepared by the Economic Governance Support Unit of the European Parliament and the opinions expressed are the sole responsibility of the authors and do not necessarily represent the official position of the European Parliament.

Country-specific recommendations: An overview (September 2019)

11-09-2019

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 (2012-2019), including from the legal base perspective. Finally, it shows how recommendations were implemented over the 2012-2018 European Semester cycles. The note is updated on a regular basis.

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 (2012-2019), including from the legal base perspective. Finally, it shows how recommendations were implemented over the 2012-2018 European Semester cycles. The note is updated on a regular basis.

The legal nature of Country-Specific Recommendations

10-09-2019

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities endorsed by the European Council or adopted by the Council on th basis of the Annual Growth Survey. The Council ...

The Country-Specific Recommendations (CSRs) are annually adopted by the Council based on the Commission (COM) proposals within the framework of the European Semester. The CSRs provide integrated guidance on macro-fiscal and macro-structural measures based on the COM assessment of Member States' medium-term budgetary plans and national reform programmes in light of broad policy priorities endorsed by the European Council or adopted by the Council on th basis of the Annual Growth Survey. The Council also adopts policy recommendations to the euro area as a whole in accordance with Article 136 of the Treaty on the Functioning of the European Union (TFEU) following a COM proposal. Table 1 displays the development of the number of CSRs and the minimum and maximum number per Member State.

An overview of the Stability and Growth Pact - September 2019

10-09-2019

The Stability and Growth Pact (SGP) is the legal framework (based on primary and secondary EU law) that seeks to ensure sustainable public finances in the interest of the stability of the Economic and Monetary Union (EMU). It consists of two main building blocks: the preventive arm and the corrective arm. Stylised overviews, including on flexibility provisions (endorsed by the Council) within the existing rules of the SGP, are provided in the annexes. The main sources used in this briefing are primary ...

The Stability and Growth Pact (SGP) is the legal framework (based on primary and secondary EU law) that seeks to ensure sustainable public finances in the interest of the stability of the Economic and Monetary Union (EMU). It consists of two main building blocks: the preventive arm and the corrective arm. Stylised overviews, including on flexibility provisions (endorsed by the Council) within the existing rules of the SGP, are provided in the annexes. The main sources used in this briefing are primary Union law (Articles 121 and 126 of the Treaty on the Functioning of the European Union), secondary Union law (the amended Regulations (EC) 1466/97 and 1467/97 as well as the Regulation (EU) No 1173/2011), the Code of Conduction on the implementation of the SGP and the Commission Communication entitled ‘Making the best use of flexibility within the existing rules of the SGP’.

Country-Specific Recommendations for 2019 - A comparison of Commission and Council texts (implementing the ‘comply or explain’ principle)

04-09-2019

The table overleaf compares the draft 2019 Country Specific Recommendations (CSRs) proposed by the Commission on 5 June 2019 with the 2019 CSRs adopted by the Council on 9 July 2019. The comparison is provided in order to facilitate the assessment of the "comply or explain" rule stipulated in Article 2-ab(2) of EU Regulation No 1175/2011: "The Council is expected to, as a rule, follow the recommendations and proposals of the Commission or explain its position publicly". The table overleaf provides ...

The table overleaf compares the draft 2019 Country Specific Recommendations (CSRs) proposed by the Commission on 5 June 2019 with the 2019 CSRs adopted by the Council on 9 July 2019. The comparison is provided in order to facilitate the assessment of the "comply or explain" rule stipulated in Article 2-ab(2) of EU Regulation No 1175/2011: "The Council is expected to, as a rule, follow the recommendations and proposals of the Commission or explain its position publicly". The table overleaf provides an overview of all modifications introduced by the Council. When compared against the Commission text, the strikethrough yellow text has been deleted from the Council text, while the green text has been added to the Council text.

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