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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.

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’.

The Macroeconomic Imbalance Procedure – Overview

14-05-2019

The Macroeconomic Imbalance Procedure (MIP) is a policy tool introduced within the reinforced economic governance framework adopted in 2011. The MIP aims at preventing and correcting macroeconomic imbalances in Member States, with specific attention to imbalances with potential spillovers effects on other Member States.

The Macroeconomic Imbalance Procedure (MIP) is a policy tool introduced within the reinforced economic governance framework adopted in 2011. The MIP aims at preventing and correcting macroeconomic imbalances in Member States, with specific attention to imbalances with potential spillovers effects on other Member States.

Country Specific Recommendations for 2017 and 2018 - A tabular comparison and an overview of implementation

20-03-2019

This study presents the 2017 Country-Specific Recommendations generally endorsed by the European Council of 22/23 June 2017 and adopted by the Council of 11 July 2017; the assessment of the implementation of 2017 Country-Specific Recommendations based on the Commission Country Reports published on 7 March 2018; the 2018 Country-Specific Recommendations proposed by the European Commission on 23 May 2018 and adopted by the Council on 13 July 2018; the European Commission’s assessments of the implementation ...

This study presents the 2017 Country-Specific Recommendations generally endorsed by the European Council of 22/23 June 2017 and adopted by the Council of 11 July 2017; the assessment of the implementation of 2017 Country-Specific Recommendations based on the Commission Country Reports published on 7 March 2018; the 2018 Country-Specific Recommendations proposed by the European Commission on 23 May 2018 and adopted by the Council on 13 July 2018; the European Commission’s assessments of the implementation of the 2018 Country-Specific Recommendations based on its Country Reports published on 27 February 2019; the Council Recommendation on the economic policy of the euro area approved by the Council of 23 January 2018.

Key Macroeconomic Indicators for Cyprus, Greece, Ireland and Portugal

19-03-2019

This document provides a selection of key indicators in Member States that are or have been subject to a Macroeconomic Adjustment Programme. Greece is still under a programme, while Ireland, Portugal and Cyprus have exited their programmes and are now under so-called post-programme surveillance. For more information on the programmes, please see a separate document on Financial Assistance to EU Member States.

This document provides a selection of key indicators in Member States that are or have been subject to a Macroeconomic Adjustment Programme. Greece is still under a programme, while Ireland, Portugal and Cyprus have exited their programmes and are now under so-called post-programme surveillance. For more information on the programmes, please see a separate document on Financial Assistance to EU Member States.

Economic Dialogues and Exchanges of Views with the Member States under the European Semester Cycles - State-of-Play (January 2019)

28-01-2019

This table provides a regular update on Member States invited for an Economic Dialogue in the competent Committee of the European Parliament.

This table provides a regular update on Member States invited for an Economic Dialogue in the competent Committee of the European Parliament.

Economic Dialogue with the European Commission on the European Semester Spring 2018 Package

27-06-2018

Vice-President Dombrovskis, Commissioner Moscovici and Commissioner Thyssen have been invited to an Economic Dialogue on the European Semester Spring 2018 package in line with the relevant EU law. This briefing note covers the 2018 CSRs proposed by the Commission, the implementation of CSRs over the period 2012-2017 and recent decisions related to the implementation of the Stability and Growth Pact and the Macro-economic Imbalance Procedure. It also includes elements related to the on-going work ...

Vice-President Dombrovskis, Commissioner Moscovici and Commissioner Thyssen have been invited to an Economic Dialogue on the European Semester Spring 2018 package in line with the relevant EU law. This briefing note covers the 2018 CSRs proposed by the Commission, the implementation of CSRs over the period 2012-2017 and recent decisions related to the implementation of the Stability and Growth Pact and the Macro-economic Imbalance Procedure. It also includes elements related to the on-going work to strengthen the governance and the resilience of the Economic and Monetary Union.

Country-Specific Recommendations for 2018

26-06-2018

The table overleaf compares the draft 2018 Country Specific Recommendations (CSRs) proposed by the Commission on 23 May 2018 with the 2018 CSRs agreed on the Council Committee level and approved by the Council (ECOFIN) on 22 June 2018. These CSRs are to be generally endorsed by the European Council on 28-29 June 2018 and formally adopted by the Council (ECOFIN) on 13 July 2018.

The table overleaf compares the draft 2018 Country Specific Recommendations (CSRs) proposed by the Commission on 23 May 2018 with the 2018 CSRs agreed on the Council Committee level and approved by the Council (ECOFIN) on 22 June 2018. These CSRs are to be generally endorsed by the European Council on 28-29 June 2018 and formally adopted by the Council (ECOFIN) on 13 July 2018.

The role of national fiscal bodies: State of play (April 2018)

10-04-2018

This briefing provides an overview of the role played by national fiscal institutions in the preparations of forthcoming budgets in EU Member States. As part of the scrutiny of the implementation of the economic governance framework in the European Union, the objective of the briefing is twofold: 1) to give and overview of the extent to which the Stability or Convergence Programmes and the Draft Budgetary Plans contain information about the involvement of independent national fiscal bodies in the ...

This briefing provides an overview of the role played by national fiscal institutions in the preparations of forthcoming budgets in EU Member States. As part of the scrutiny of the implementation of the economic governance framework in the European Union, the objective of the briefing is twofold: 1) to give and overview of the extent to which the Stability or Convergence Programmes and the Draft Budgetary Plans contain information about the involvement of independent national fiscal bodies in the preparation of these programmes/plans; and 2) to give an overview of the current set-up and role of these independent fiscal bodies based on the most recent assessment by the European Commission.

Economische governance

01-04-2018

Economische governance verwijst naar het systeem van instellingen en procedures dat is ingesteld om de doelstellingen van de EU op economisch gebied te verwezenlijken, en met name de coördinatie van het economisch beleid ten behoeve van de economische en sociale vooruitgang van de EU en van haar burgers. De financiële, begrotings- en economische crisis die in 2008 is ontstaan, heeft aangetoond dat de EU behoefte had aan een doeltreffender model voor economische governance dan de economische en begrotingscoördinatie ...

Economische governance verwijst naar het systeem van instellingen en procedures dat is ingesteld om de doelstellingen van de EU op economisch gebied te verwezenlijken, en met name de coördinatie van het economisch beleid ten behoeve van de economische en sociale vooruitgang van de EU en van haar burgers. De financiële, begrotings- en economische crisis die in 2008 is ontstaan, heeft aangetoond dat de EU behoefte had aan een doeltreffender model voor economische governance dan de economische en begrotingscoördinatie die tot dat moment werden toegepast. Ontwikkelingen op het gebied van economische governance omvatten versterkte coördinatie van en toezicht op zowel begrotings- als macro-economisch beleid en het oprichten van een kader voor het beheer van financiële crises.

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