Search

Your results

Showing 9 of 9 results

The budgetary instrument for convergence and competitiveness is part of the Eurogroup December 2018 “comprehensive plan to strengthen the Euro’’, and may gain prominence also as part of the response to the corona crisis. This note presents its main features, as known on the basis of public sources. It addresses its connection with the European Semester and the more general framework of economic policy coordination. On 22 and 24 April, draft reports for the BICC governance proposal and the Reform ...

This document provides the summaries of all external experts papers published during the 8th parliamentary term (2014-2019) by the Economic Governance Support Unit, aimed at supporting the scrutiny work on the functioning of the Euro Area, especially in view of the bi-annual Economic Dialogues with the President of the Eurogroup.

Highlights of the March I plenary session included debates on Brexit, preparation of the European Council meeting of 21-22 March 2019, and the latest debate on the Future of Europe, with Peter Pellegrini, Slovakia's Prime Minister. Parliament also held debates on a proposed European human rights violations sanctions regime; the situation in Venezuela and Nicaragua; opening EU-US trade negotiations; climate change; gender balance in nominations to EU economic and monetary affairs bodies; and on the ...

The European Commission's proposal for transforming the intergovernmental European Stability Mechanism (ESM) into a European monetary fund (EMF) under EU law would provide it with wide-ranging tasks. The ESM was created at the height of the European sovereign debt crisis in order to provide financial assistance for governments that had lost, or were about to lose, access to financial markets. It was established outside the Community framework by an intergovernmental treaty and is a permanent rescue ...

This paper presents some aspects of the draft Council Regulation on the establishment of a European Monetary Fund, proposed by the Commission in the context of the Roadmap to deepening Europe’s Economic and Monetary Union of December 2017. The paper includes a full comparison between the European Stabilisation Mechanism (ESM) Treaty and the Statute of the proposed EMF.

European Stability Mechanism

Briefing 12-12-2017

A proposal to transform the European Stability Mechanism (ESM) into a European Monetary Fund (EMF) within EU law was adopted by the Commission on 6 December 2017. The publication of the proposal was announced in Annex I of the 2018 Commission work programme, as one of the actions within the item 'Completing the Economic and Monetary Union'. In the context of the proposal, this briefing provides information on the functioning of the ESM, which recently celebrated its fifth anniversary. The European ...

On 14 and 15 December 2017, EU leaders will convene in four different settings with varying compositions and levels of formality: a regular summit of the European Council, a Leaders’ meeting on migration, a European Council (Article 50) meeting, and an enlarged Euro Summit. The agenda of the formal European Council concentrates on defence, social policy, and education and culture, whilst the informal Leaders’ meeting will focus exclusively on migration, and notably on the reform of the Common European ...

The Heads of State or Government of the countries sharing the euro currency will hold a summit on 15 December 2017 to discuss ways to improve the functioning of the euro area. European Council President Donald Tusk, who also chairs the Euro Summit, has said that the discussion will focus on further steps to complete Banking Union and on setting the direction for deeper euro-area economic integration, with decisions to be taken in June 2018. European Union Member States which are not members of the ...

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 Michael Noonan, Ireland’s Minister for Finance, in the competent committee of the European Parliament. The invitation for a dialogue is in accordance with the EU economic governance framework, in particular Article 2a of EU Regulation 1467 as amended by Regulation 1177/2011 and Article 7(10) of EU Regulation 472/2013.