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Council recommendations on the Economic Policy of the Euro Area - March 2024
This note looks at the 2024 recommendation on the economic policies of the euro area proposed by the Commission and agreed by the Council. The note provides a review of the euro area recommendations from an institutional perspective and includes broad comparisons to earlier recommendations, in order to illustrate how policy concerns have evolved over time. This note will be updated in light of relevant developments.
Implementation of the 2023 euro area recommendations
This note provides an overview of the implementation of the 2023 Recommendation on the economic policy of the euro area proposed by the Commission and agreed by the Council. It makes use of public information and proxies such as on how the Eurogroup has integrated euro area recommendations’ concerns in their “thematic discussions” and work programmes. This note will be updated in light of relevant developments.
Economic Dialogue with the other EU Institutions under the European Semester Cycles during the 9th legislative term - State of play October 2023
This document provides an overview of Economic Dialogues with the other institutions of the European Union that has taken place in the competent committee(s) of the European Parliament since September 2019 under the European Semester for economic policy coordination. It also lists the Recovery and Resilience Dialogues with the European Commission as undertaken by the competent committee(s) since the entry of force of the Recovery and Resilience Facility in 2021. It also includes an overview of the ...
EU:n finanssipoliittiset rakenteet
Talous- ja rahaliiton vakauden turvaamiseen tarvitaan lujat rakenteet, jotka estävät mahdollisuuksien mukaan julkistalouden ajautumisen kestämättömään tilanteeseen. Osana talouspolitiikan ohjauspakettia (ns. six-pack) vuoden 2011 lopussa tuli voimaan uudistus, jolla muutettiin vakaus- ja kasvusopimusta. Vuoden 2013 alussa tällä politiikan alalla tuli voimaan toinen uudistus: hallitustenvälinen sopimus talous- ja rahaliiton vakaudesta, yhteensovittamisesta sekä ohjauksesta ja hallinnasta (ns. vakaussopimus ...
Talous- ja rahaliiton historia
Talous- ja rahaliitto (EMU) on tulosta unionin taloudellisesta yhdentymisestä. Yhteinen raha, euro, on otettu käyttöön euroalueella, johon nykyään kuuluu 20 EU:n jäsenvaltiota. Kaikkien EU:n jäsenvaltioiden Tanskaa lukuun ottamatta on otettava euro käyttöön täytettyään lähentymisperusteet. Euroopan keskuspankin johtokunnasta ja euroalueen keskuspankkien pääjohtajista koostuva eurojärjestelmä määrittelee yhteisen rahapolitiikan.
Unionin talouden ohjaus ja hallinta
EU:n talouden ohjaus- ja hallintajärjestelmä muodostuu erilaisista elimistä ja menettelyistä, joilla pyritään saavuttamaan unionin talouspoliittiset tavoitteet, etenkin talouspolitiikan yhteensovittaminen, jotta saadaan aikaan unionia ja sen kansalaisia hyödyttävää taloudellista ja sosiaalista edistystä. Vuonna 2008 alkanut talous-, rahoitus- ja finanssikriisi osoitti, että EU tarvitsee talouden ohjaus- ja hallintamallia, joka on tehokkaampi kuin siihenastinen talous- ja finanssipolitiikkojen yhteensovittaminen ...
Fiscal policy in times of crises - An analysis of EMU Constitutional Framework
This study, commissioned by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the AFCO Committee, examines the fiscal responses of the EU to the Covid-19 pandemic and the war in Ukraine. It claims that the law & policy tools developed to address these crises have led to the establishment, and consolidation, of an EU fiscal capacity – contributing to overcoming the original imbalance of the EU’s Economic & Monetary Union. Nevertheless, the ...
EU’s response to the US Inflation Reduction Act (IRA)
Although the US Inflation Reduction Act (IRA) pursues a range of aims, the two main ones are the lowering of inflation by removing purchasing power from the US economy, and to provide the United State's contribution to fighting climate change. Unlike similar EU measures, most of its climate support is done via tax subsidies. Although hailed in the EU for heralding a new era in US climate policy, the IRA is being criticised for its outright 'Buy American' provisions. Amongst others, it is feared that ...
Economic Dialogues and Exchanges of Views with Member States under the European Semester Cycles - State of play November 2022
This table provides a regular update on Member States invited for an Economic Dialogue in the competent Committee of the European Parliament and an overview of the respective legal base.
Coordination and Surveillance of Budgetary Policies of Euro Area Member States During the Autumn Cycle
This note gives a short overview of the main steps in the framework of euro area Member States’ budgetary policy coordination and surveillance during the autumn cycle of the European Semester. This enhanced monitoring and surveillance of euro area Member States’ budgetary policies is done in accordance with EU law. It aims to identify and correct at an early stage during the Semester cycle any risks of deviation from fiscal policy recommendations agreed by the Member States, ultimately by asking ...