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Economic Dialogue with the President of the Eurogroup - June 2021

18-06-2021

Paschal Donohoe is attending his second Economic Dialogue in the ECON Committee since being elected as President of the Eurogroup in July 2020. His first Economic Dialogue took place on 25 January. The exchange of views will cover the ongoing work of the Eurogroup, notably short term policy measures intended to combat the economic, financial and social consequences of COVID-19, medium term policies to support a sustainable recovery and increase resilience of the euro area and longer term measures ...

Paschal Donohoe is attending his second Economic Dialogue in the ECON Committee since being elected as President of the Eurogroup in July 2020. His first Economic Dialogue took place on 25 January. The exchange of views will cover the ongoing work of the Eurogroup, notably short term policy measures intended to combat the economic, financial and social consequences of COVID-19, medium term policies to support a sustainable recovery and increase resilience of the euro area and longer term measures relating to the Economic and Monetary Union governance framework, including completing the Banking Union. This briefing covers the following issues: the Eurogroup work programme until June 2021 (Section 1); 2021 Euro Area Recommendation (Section 2); Economic situation and developments (Section 3); Recovery and Resilience Facility (Section 4); 2021 European Semester Cycle (Section 5); review of the governance framework (section 6) and Banking Union developments (Section 7).

Recovery and Resilience Plans - An overview

15-06-2021

This document provides an overview of the adoption of the Recovery and Resilience Plans (RRPs) under the Recovery and Resilience Facility (RRF) and some relevant developments. The document will be regularly updated.

This document provides an overview of the adoption of the Recovery and Resilience Plans (RRPs) under the Recovery and Resilience Facility (RRF) and some relevant developments. The document will be regularly updated.

Technical Support Instrument: main features

14-06-2021

In order to help national authorities in improving their capacity to design, develop and implement reforms, including those covered by recovery and resilience plans pursuant to Regulation (EU) 2021/241), the European Parliament and the Council adopted on 10 February 2021 the Regulation (EU) 2021/240 establishing a Technical Support Instrument. The Instrument may finance a broad range of technical assistance actions refering to policy areas related to cohesion, competitiveness and others, with specific ...

In order to help national authorities in improving their capacity to design, develop and implement reforms, including those covered by recovery and resilience plans pursuant to Regulation (EU) 2021/241), the European Parliament and the Council adopted on 10 February 2021 the Regulation (EU) 2021/240 establishing a Technical Support Instrument. The Instrument may finance a broad range of technical assistance actions refering to policy areas related to cohesion, competitiveness and others, with specific emphasis on digital and just green transitions.This note presents its main characteristics, focusing notably in its connection with the EU economic governance framework and the European Semester.

Exchange of views with Commissioner Elisa Ferreira on the implementation of the Technical Support Instrument

11-06-2021

Ahead of BUDG-ECON exchange of views with Commissioner Ferreira, on 14 June, this note provides a brief overview on the 2021 annual workplan, ongoing and finalised projects and some other elements of the Technical Support Instrument.

Ahead of BUDG-ECON exchange of views with Commissioner Ferreira, on 14 June, this note provides a brief overview on the 2021 annual workplan, ongoing and finalised projects and some other elements of the Technical Support Instrument.

Macro-Financial Assistance to EU Member States - State of Play – June 2021

11-06-2021

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, the EFSF, the EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Since August 2018 all financial assistance programmes to EU Member States have been concluded; therefore, the document focuses on the implementation of the enhanced surveillance framework for Greece and post-programme reviews for Ireland, Portugal, Romania, Cyprus ...

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

Country-Specific Recommendations for 2019, 2020 and 2021

11-06-2021

This document presents: • The 2019 Country-Specific Recommendations (CSRs) adopted by the Council in the framework of the European Semester on 9 July 2019 (on the basis of European Commission proposals of 5 June 2019). • The European Commission’s assessments of the implementation of the 2019 CSRs based on its Country Reports published on 26 February 2020. • The 2020 CSRs adopted by the Council in the framework of the European Semester on 20 July 2020 (on the basis of European Commission proposals ...

This document presents: • The 2019 Country-Specific Recommendations (CSRs) adopted by the Council in the framework of the European Semester on 9 July 2019 (on the basis of European Commission proposals of 5 June 2019). • The European Commission’s assessments of the implementation of the 2019 CSRs based on its Country Reports published on 26 February 2020. • The 2020 CSRs adopted by the Council in the framework of the European Semester on 20 July 2020 (on the basis of European Commission proposals of 20 May 2020). • The 2021 fiscal recommendations (recommendations for Council opinions on the 2021 Stability and Convergence Programmes) proposed by the European Commission on 2 June 2021 and to be adopted by the Council in July. During the 2021 Semester Cycle, exceptionally, due to the preparations and adoptions of the Recovery and Resilience Plans under the Recovery and Resilience Facility, there will be no further Country Specific Recommendations (CSRs) under the European Semester.

Implementation of the Stability and Growth Pact under pandemic times

10-06-2021

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of the latest Commission and Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecasts. This document is regularly updated.

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of the latest Commission and Council decisions and recommendations in the framework of the Stability and Growth Pact and the latest European Commission economic forecasts. This document is regularly updated.

Comparison of key figures in the 2021 Stability Programmes and European Commission Spring 2021 forecast

07-06-2021

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 ...

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 recent) Commission’s forecast shall be described with reasoning (…).”

Economic Dialogue with Cyprus - ECON on 3 June 2021

31-05-2021

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Constantinos Petrides, Cyprus Finance Minister, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last exchange of views with the Cypriot authorities took place on 25 January 2016.

This note presents selected information on the current status of the EU economic governance procedures and related relevant information in view of an Economic Dialogue with Constantinos Petrides, Cyprus Finance Minister, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework. The last exchange of views with the Cypriot authorities took place on 25 January 2016.

First Recovery and Resilience Dialogue with the European Commission

07-05-2021

Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the first Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing addresses the following subjects: the Recovery and Resilience Facility and its scrutiny; the framework for defining and assessing Recovery and Resilience Plans and the procedures and timelines for their adoption; the financing of the Facility; data on the current economic situation and some estimates on the impact ...

Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the first Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing addresses the following subjects: the Recovery and Resilience Facility and its scrutiny; the framework for defining and assessing Recovery and Resilience Plans and the procedures and timelines for their adoption; the financing of the Facility; data on the current economic situation and some estimates on the impact of Facility. Five annexes present, respectively, a timeline of the Facility; the state of play with national plans; economic data; the European Semester roadmap and survey data on involvement of national parliaments in the Facility.

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