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This paper summarises the findings and provides some further details of the replies received from a survey on the involvement of national parliaments in scrutinising the implementation of Recovery and Resilience Facility, notably the Recovery and Resilience Plans at the national level. This survey aimed to keep stock of whether and how EU national parliaments are involved in the implementation of the RRF. It was addressed directly to EU national parliament services and reflected developments in the ...

Economic dialogue with Ireland 11 May 2022

Analyse approfondie 06-05-2022

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 Pascal Donohoe, Minister of Finance of Ireland, in the ECON committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework.

Parliamentary scrutiny is important to ensure full transparency and accountability and to enhance the democratic legitimacy, as well as to sense of citizens' ownership of the RRF. This survey aims to keep stock of whether and how EU national parliaments are involved in the implementation of the RRF. This document was prepared by Economic Governance Support Unit in view of the INI Report on the Recovery and Resilience Facility

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the fifth Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing first presents a state of play of the Recovery and Resilience Plans, and looks at the first payment requests submitted, transparency on implementation of the plans, control and audit systems and the recent European Court of Justice rule of law decisions. It then focuses on the financing side of the Facility ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to an Economic Dialogue on the fiscal part of the 2022 European Semester autumn package adopted by the Commission in November 2021. The fiscal elements of the package include the Commission Opinions on euro area 2022 Draft Budgetary Plans, the fiscal policy recommendation for the euro area and some elements of the 2022 Alert Mechanism Report. In March 2020, the general escape clause of the Stability and Growth Pact ...

Paschal Donohoe is attending his third Economic Dialogue in the ECON Committee since being elected as President of the Eurogroup in July 2020. His previous Economic Dialogue took place on 21 June 2021. This briefing covers the following issues: the Eurogroup work programme (Section 1); Economic situation and developments (Section 2); Euro Area Recommendation (Section 3); European Semester Cycle (Section 4); Recovery and Resilience Facility (Section 5); and Completing EMU governance (Section 6)). ...

Executive Vice-President Dombrovskis and Commissioners Schmit and Gentiloni have been invited to an Economic Dialogue on the launch of the 2022 European Semester, in line with the relevant EU law. This briefing note covers the main elements of the 2022 European Semester Package proposed by the Commission. It gives also an overview of the implementation of the Recovery and Resilience Facility, the Stability and the Growth Pact, the Macro-economic Imbalances Procedure, the Joint Employment Guidelines ...

Bruno Le Maire, Minister of the Economy, Finance and the Recovery of France, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the French Presidency (January-June 2022). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This briefing provides an overview of the French presidency priorities in ECON matters, including the Council ...

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure (MIP), taking into account the most recent assessments and decisions by the European Commission and the Council. It presents the relations between the MIP and the Recovery and Resilience Facility, and the MIP in the context of the review of the EU economic governance. It also gives an overview of relevant positions taken on the MIP by EU institutions. A separate EGOV note summarises the Macroeconomic ...

BUDG-ECON Committee meeting on 13 December 2021 Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to the fourth Recovery and Resilience Dialogue under the Recovery and Resilience Facility Regulation. This briefing first provides an overview of the Recovery and Resilience Plans, presenting observations and figures based on publicly available information. Further sections deal with the pending assessment of some Recovery and Resilience Plans; the implementation of ...