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Implementation of the Macroeconomic Imbalance Procedure: State of play - January 2020

16-01-2020

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by EU institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

This note presents the EU Member States' situation with respect to the Macroeconomic Imbalance Procedure, taking into account recent assessments and decisions by the European Commission and the Council. It also gives an overview of relevant comments on the MIP published by EU institutions. A separate EGOV note describes the MIP procedure. This document is regularly updated.

Implementation of the Stability and Growth Pact - January 2020

16-01-2020

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of (1) the latest Council decisions and recommendations in the framework of the Stability and Growth Pact; (2) the latest European Commission economic forecasts; and (3) the latest European Commission opinions on the Draft Budgetary Plans of euro area Member States. This document is regularly updated.

This document provides an overview of key developments under the preventive and corrective arms of the Stability and Growth Pact on the basis of (1) the latest Council decisions and recommendations in the framework of the Stability and Growth Pact; (2) the latest European Commission economic forecasts; and (3) the latest European Commission opinions on the Draft Budgetary Plans of euro area Member States. This document is regularly updated.

Key Macroeconomic Indicators for Cyprus, Greece, Ireland and Portugal

12-11-2019

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.

Macro-Financial Assistance to EU Member States - State of Play, November 2019

08-11-2019

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, EFSF, EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Against the background that since August 2018 all financial assistance programmes to EU Member States have been concluded, the document focuses now on the implementation of the enhanced surveillance framework for Greece and post-programme reviews (including IMF Article IV ...

This document provides regularly updated information on EU Member States which receive or received financial assistance from the ESM, EFSF, EFSM, the EU balance of payments assistance facility, other Member States and/or the IMF. Against the background that since August 2018 all financial assistance programmes to EU Member States have been concluded, the document focuses now on the implementation of the enhanced surveillance framework for Greece and post-programme reviews (including IMF Article IV assessments) for Ireland, Portugal, Romania and Spain undertaken by the European Commission (EC) in liaison with the ECB (Post-Programme Surveillance, PPS), the IMF (Post-Programme Monitoring, PPM) and the ESM (Early Warning System, EWS).

Economic Dialogue with the Other EU Institutions under the European Semester Cycles, January 2019

03-10-2019

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee of the European Parliament from January 2014 until January 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues.

This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent Committee of the European Parliament from January 2014 until January 2019 under the European Semester Cycles. It also includes an overview of the respective legal bases for these dialogues.

Reform Support Programme 2021-2027

13-03-2019

The European Commission adopted the proposal on the establishment of the Reform Support Programme on 31 May 2018, as part of the package for the upcoming multiannual financial framework for 2021-2027. The programme will provide financial and technical support for Member States to implement reforms aimed at increasing the resilience of their economies and modernising them, including priority reforms identified in the European Semester. The overall budget for the programme is €25 billion. It comprises ...

The European Commission adopted the proposal on the establishment of the Reform Support Programme on 31 May 2018, as part of the package for the upcoming multiannual financial framework for 2021-2027. The programme will provide financial and technical support for Member States to implement reforms aimed at increasing the resilience of their economies and modernising them, including priority reforms identified in the European Semester. The overall budget for the programme is €25 billion. It comprises three elements: a reform delivery tool (financial support); a Technical Support Instrument (technical expertise, building on the current Structural Reform Support Programme 2017-2020); and a convergence facility (preparation for adopting the euro). The Reform Support Programme will be open to all Member States on a voluntary basis, with no co-financing required. In the European Parliament, the Committee on Economic and Monetary Affairs (ECON) and Committee on Budgets (BUDG) are working jointly on this file under Rule 55 of Parliament's Rules of Procedure. A vote in the joint committee meeting is expected on 1 April 2019, with a vote in plenary thereafter, during the second April 2019 part-session. Second edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Reform Support Programme

23-10-2018

Among the legislative proposals for the spending programmes of the MFF 2021-2027, the European Commission has proposed to establish a Reform Support Programme for structural reforms. The IA accompanying the proposal provides a good review of the baseline scenario, the problem to tackle and the objectives to achieve. However, it concentrates on the expected positive effects of the programme, rather than assessing thoroughly the impacts of alternative options against the baseline scenario like a standard ...

Among the legislative proposals for the spending programmes of the MFF 2021-2027, the European Commission has proposed to establish a Reform Support Programme for structural reforms. The IA accompanying the proposal provides a good review of the baseline scenario, the problem to tackle and the objectives to achieve. However, it concentrates on the expected positive effects of the programme, rather than assessing thoroughly the impacts of alternative options against the baseline scenario like a standard IA. The presentation of the delivery mechanisms is mostly qualitative, with a couple of quantified references that could have been better explained and substantiated. The IA remains vague on the precise scope of the voluntary programme and several implementation details and implies that its impacts depend to a large extent on the implementation by the Member States, which makes an ex-ante assessment challenging.

The Development of an Institutional Framework for the Implementation of the Association Agreements in Georgia, Moldova and Ukraine: a comparative perspective

19-09-2018

In recent years the EU concluded Association Agreements, including the creation of a Comprehensive Free Trade Areas with Georgia, Moldova and Ukraine. These are amongst the most complex and comprehensive legal treaties concluded by the EU with third countries. The treaties place a profound obligation on the partner countries of legal approximation, that is, to undertake extensive, binding commitments to adopt vast swathes of the acquis in order to stimulate political and economic development and ...

In recent years the EU concluded Association Agreements, including the creation of a Comprehensive Free Trade Areas with Georgia, Moldova and Ukraine. These are amongst the most complex and comprehensive legal treaties concluded by the EU with third countries. The treaties place a profound obligation on the partner countries of legal approximation, that is, to undertake extensive, binding commitments to adopt vast swathes of the acquis in order to stimulate political and economic development and institutional modernisation. This study shows that creating the institutional framework for implementation is a challenging and drawn-out process. While all countries have made some progress with devising these mechanisms, they are short of the necessary political leadership, policy planning, administrative capacity and there is a dearth of budgetary planning to enable effective implementation. There is also a notable need to embed implementation into wider reform strategies. While these issues are being addressed on the part of the countries, the EU can assist them by providing the necessary systemic support in an integrated, sequenced and long-term way.

Parlamendiväline autor

Kataryna WOLCZUK, Professor of East European Politics, University of Birmingham and Associate Fellow, Russia and Eurasia Programme, Chatham House, United Kingdom

Greece’s financial assistance programme - June 2018

22-06-2018

This briefing provides an overview of the economic situation in Greece and the main developments under the third financial assistance programme. This version updates the briefing published on 3 October 2017.

This briefing provides an overview of the economic situation in Greece and the main developments under the third financial assistance programme. This version updates the briefing published on 3 October 2017.

A stable Egypt for a stable region: Socio-economic challenges and prospects

19-01-2018

Seven years after the 2011 uprising in Egypt, a combination of domestic challenges, together with instability in the Middle East and North Africa region has stalled the country’s ongoing transition. Stability in Egypt is key for the region, and the country’s international partners such as the EU have a clear interest in helping move the country towards stability and prosperity. To that end, this study investigates the main challenges facing Egypt, focusing on social, economic, political and environmental ...

Seven years after the 2011 uprising in Egypt, a combination of domestic challenges, together with instability in the Middle East and North Africa region has stalled the country’s ongoing transition. Stability in Egypt is key for the region, and the country’s international partners such as the EU have a clear interest in helping move the country towards stability and prosperity. To that end, this study investigates the main challenges facing Egypt, focusing on social, economic, political and environmental challenges. The study analyses the implications of these challenges for Egypt’s stability in the coming decades. The study then examines the key drivers of EU-Egypt relations and provides a number of policy recommendations on how the EU can support Egypt’s longer-term stability. The study argues that the EU’s economic and security engagement with Egypt should not come at the expense of supporting democracy, human rights and the rule of law. The study also argues that EU programmatic assistance to Egypt should focus on youth, women, education, and entrepreneurship. Finally, the study also argues that the EU’s engagement is likely to be more successful if EU member states are more unified in their approach towards Egypt.

Parlamendiväline autor

Adel ABDEL GHAFAR

Eelseisvad üritused

21-01-2020
Outlook for the MENA Region: What future for stabilisation and reconstruction?
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