European Semester: 2015 priorities and beyond
The European Semester is a key monitoring element of the EU's economic governance framework which aims to detect, prevent, and correct problematic economic trends such as excessive government deficits or public debt levels. As part of the annual evaluation cycle, the European Parliament's Economic and Monetary Affairs (ECON) Committee notes insufficient implementation of country-specific recommendations in some Member States, and expresses concerns that economic recovery may be threatened by the EU's underlying structural weaknesses and regional differences. On 21 October 2015, the European Commission proposed to 'revamp' the European Semester process and to better align recommendations for the overall EU/euro area with those for individual Member States.
At a Glance
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Policy area
Keyword
- austerity policy
- budget policy
- coordination of EMU policies
- corporate finance
- economic analysis
- economic policy
- ECONOMICS
- employment
- EMPLOYMENT AND WORKING CONDITIONS
- employment policy
- euro area
- FINANCE
- financing and investment
- impact study
- labour flexibility
- labour market
- monetary economics
- monetary relations
- pay policy
- personnel management and staff remuneration
- public debt
- public finance and budget policy
- social framework
- social impact
- SOCIAL QUESTIONS
- structural adjustment
- tax reform
- taxation