8

result(s)

Word(s)
Publication type
Policy area
Author
Date

History of economic and monetary union

01-02-2018

Economic and monetary union (EMU) is the result of progressive economic integration in the EU. It is an expansion of the EU single market, with common product regulations and free movement of goods, capital, labour and services. A common currency, the euro, has been introduced in the eurozone, which currently comprises 19 EU Member States. All 28 EU Member States — with the exception of the UK and Denmark — must adopt the euro after a minimum of two years’ participation in ERM II and fulfilment of ...

Economic and monetary union (EMU) is the result of progressive economic integration in the EU. It is an expansion of the EU single market, with common product regulations and free movement of goods, capital, labour and services. A common currency, the euro, has been introduced in the eurozone, which currently comprises 19 EU Member States. All 28 EU Member States — with the exception of the UK and Denmark — must adopt the euro after a minimum of two years’ participation in ERM II and fulfilment of the convergence criteria. A single monetary policy is set by the European Central Bank (ECB) and is complemented by harmonised fiscal and coordinated economic policies. Within EMU there is no single institution responsible for economic policy. Instead, responsibility is divided between Member States and various EU institutions.

Implementation of the budget

01-01-2018

The Commission is responsible for implementing the budget in cooperation with the Member States, subject to political scrutiny by the European Parliament.

The Commission is responsible for implementing the budget in cooperation with the Member States, subject to political scrutiny by the European Parliament.

2014-20 Multiannual Financial Framework (MFF)

14-11-2013

Setting the maximum allocation of resources for each major category ("heading") of EU spending, the MFF gives a budgetary overview of priorities. The political agreement on the next MFF includes provisions to increase the flexibility of the system and to prepare reforms of the own resources system. A review of the MFF by the end of 2016 is also provided for.

Setting the maximum allocation of resources for each major category ("heading") of EU spending, the MFF gives a budgetary overview of priorities. The political agreement on the next MFF includes provisions to increase the flexibility of the system and to prepare reforms of the own resources system. A review of the MFF by the end of 2016 is also provided for.

Macro-Economic Conditionalities in Cohesion Policy

14-12-2012

This note discusses the European Commission’s proposal to introduce wide-scale macro-economic conditionalities in cohesion policy. In essence, this would make cohesion funding dependent on respecting the European economic governance rules. The note finds that such conditionality would be advantageous for economic governance, but it is likely to have a negative impact on cohesion policy. More importantly, it is doubtful that the European Commission’s proposal would contribute to achieving the overarching ...

This note discusses the European Commission’s proposal to introduce wide-scale macro-economic conditionalities in cohesion policy. In essence, this would make cohesion funding dependent on respecting the European economic governance rules. The note finds that such conditionality would be advantageous for economic governance, but it is likely to have a negative impact on cohesion policy. More importantly, it is doubtful that the European Commission’s proposal would contribute to achieving the overarching goal of both policies: balanced economic growth in Europe.

External author

Stijn Verhelst (EGMONT - Royal Institute for International Relations)

The Implications for the EU and National Budgets of the Use of EU Instruments for Macro-Financial Stability

15-05-2012

The euro crisis has forced Member States and the EU institutions to create a series of new instruments to safeguard macro-financial stability of the Union. This study describes the status of existing instruments, the role of the European Parliament and how use of the instruments impinges on EU budget also through their effects on national budgets. In addition, we present a survey of other possible instruments that have been proposed in recent years (e.g. E-bonds and eurobonds), in order to provide ...

The euro crisis has forced Member States and the EU institutions to create a series of new instruments to safeguard macro-financial stability of the Union. This study describes the status of existing instruments, the role of the European Parliament and how use of the instruments impinges on EU budget also through their effects on national budgets. In addition, we present a survey of other possible instruments that have been proposed in recent years (e.g. E-bonds and eurobonds), in order to provide an assessment of how EU macro-financial stability assistance could evolve in the future and what could be its impact on EU public finances.

External author

Alessandra Casale, Jorge Núñez Ferrer, Alessandro Giovannini, Daniel Gros, Paul Ivan and Fabrizia Peirce

A short history of the eurozone crisis

29-03-2012

When the economic crisis started in 2008, a number of eurozone Member States had growing budget deficits and government debts, along with competiveness problems. Monetary union without fiscal union may be the seed of the current difficulties.

When the economic crisis started in 2008, a number of eurozone Member States had growing budget deficits and government debts, along with competiveness problems. Monetary union without fiscal union may be the seed of the current difficulties.

Stability bonds

10-02-2012

Shaken market confidence has dramatically increased borrowing costs for several eurozone countries. As a remedy, the European Commission floated options for the 17 eurozone governments to jointly issue stability bonds, also called eurobonds. However, Germany is concerned that the plan would undermine incentives for fiscal discipline in debt-ridden Member States (MS).

Shaken market confidence has dramatically increased borrowing costs for several eurozone countries. As a remedy, the European Commission floated options for the 17 eurozone governments to jointly issue stability bonds, also called eurobonds. However, Germany is concerned that the plan would undermine incentives for fiscal discipline in debt-ridden Member States (MS).

Local and Regional Authorities and the Structural Funds: the Role of Information

01-05-1997

Besides describing the information requirements for the planning process, policy implementation and monitoring and evaluation of the Structural Fund, it contains practical examples concerning local and regional information and planning networks which contribute to the exchange of experiences between regional bodies throughout the EU.

Besides describing the information requirements for the planning process, policy implementation and monitoring and evaluation of the Structural Fund, it contains practical examples concerning local and regional information and planning networks which contribute to the exchange of experiences between regional bodies throughout the EU.

External author

European Policies Research Centre, Glasgow (Scotland)

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