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The proposed amendments to the Treaty establishing the European Stability Mechanism

17-04-2020

This document presents the proposed amendments to the Treaty establishing the European Stability Mechanism, following the decisions taken by the Eurogroup and the June 2019 Euro Summit (the 2019 ESM reform). Following discussions around an ESM instrument to deal with the coronavirus outbreak, this paper also addresses the agreement reached at the 9 April Eurogroup. The note outlines the relevant changes and provides a comparison between the current ESM Treaty and the proposed amended one. This note ...

This document presents the proposed amendments to the Treaty establishing the European Stability Mechanism, following the decisions taken by the Eurogroup and the June 2019 Euro Summit (the 2019 ESM reform). Following discussions around an ESM instrument to deal with the coronavirus outbreak, this paper also addresses the agreement reached at the 9 April Eurogroup. The note outlines the relevant changes and provides a comparison between the current ESM Treaty and the proposed amended one. This note will be updated in light of relevant developments and it complements a separate EGOV briefing: The European Stability Mechanism: Main Features, Instruments and Accountability.

Thematic overview: Member States whose 2019 DBPs are "at risk of non-compliance" with the Stability and Growth Pact

07-12-2018

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further ...

This briefing gives an overview of recent European Commission (COM) opinions on the budgetary situation of five Member States (Belgium, Spain, France, Portugal and Slovenia) whose 2019 Draft Budgetary Plans (DBPs) are assessed to be “at risk of non-compliance” with their obligations under the Stability and Growth Pact (SGP) and of one country (Italy) whose 2019 DBP is considered to be in particularly serious non-compliance with its obligations under the SGP. This briefing will be updated as further assessments by the COM become available during spring 2019.

Comparison of key figures in the 2018 Stability Programmes and European Commission spring 2018 forecast

08-06-2018

The purpose of this document is to show the differences between some key indicators of the 2018 Stability Programmes (SP) of the Euro Area Member States and the spring 2018 forecast of the European Commission (EC). In accordance with Article 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most recent) ...

The purpose of this document is to show the differences between some key indicators of the 2018 Stability Programmes (SP) of the Euro Area Member States and the spring 2018 forecast of the European Commission (EC). In accordance with Article 4 of Council Directive 2011/85/EU, the budgetary planning of the Member States “shall be based on the most likely macrofiscal scenario or on a more prudent scenario. (…). Significant dif¬fe¬ren¬ces between the chosen macrofiscal scenario and the (most recent) Commission’s forecast shall be described with reasoning (…).”

Economic Dialogue with the Commission on 2016 Draft Budgetary Plans taking place on 15 December 2015

09-12-2015

The paper is prepared by the Economic Governance Support Unit in advance of the Economic Dialogue with the Commission on 15 December 2015. Vice-president Dombrovskis and Commissioner Moscovici have been invited to an Economic Dialogue on the European Commission opinions on the 2016 Draft Budgetary Plans of the Euro Area Member States based on Articles 7 and 15 of EU Regulation 473/2013.

The paper is prepared by the Economic Governance Support Unit in advance of the Economic Dialogue with the Commission on 15 December 2015. Vice-president Dombrovskis and Commissioner Moscovici have been invited to an Economic Dialogue on the European Commission opinions on the 2016 Draft Budgetary Plans of the Euro Area Member States based on Articles 7 and 15 of EU Regulation 473/2013.

Overview on European Commission Opinions on 2016 Draft Budgetary Plans

27-11-2015

This note gives an overview of the opinions by the European Commission on the 2016 Draft Budgetary Plans as submitted by Euro Area Member States to the European Commission and the Eurogroup during the autumn budgetary surveillance cycle of national budgetary policies.

This note gives an overview of the opinions by the European Commission on the 2016 Draft Budgetary Plans as submitted by Euro Area Member States to the European Commission and the Eurogroup during the autumn budgetary surveillance cycle of national budgetary policies.

Single Supervisroy Mechanism - Size of Directly Supervised Banks

19-11-2015

On 4 September 2014, the European Central Bank (ECB) published the initial list of banks that are considered to be significant and that are directly supervised by the ECB since 4 November, in line with the provisions of the SSM Framework Regulation. That list also specifies why a bank was put under direct supervision, indicating size ranges for most of the banks. The latest update of the ECB bank list, used in this document prepared by the Economic Governance Support Unit, was provided on 15 August ...

On 4 September 2014, the European Central Bank (ECB) published the initial list of banks that are considered to be significant and that are directly supervised by the ECB since 4 November, in line with the provisions of the SSM Framework Regulation. That list also specifies why a bank was put under direct supervision, indicating size ranges for most of the banks. The latest update of the ECB bank list, used in this document prepared by the Economic Governance Support Unit, was provided on 15 August 2015 and contains 122 names of supervised banking entities and groups.

Single Supervisroy Mechanism - Geographical Distribution of the Directly Supervised Banks

19-01-2015

On 4 September 2014, the European Central Bank (ECB) published the final list containing 120 names of banks that will be directly supervised by the SSM as of 4 November 2014. This EU map shows the geographical distribution of SSM supervised banks.

On 4 September 2014, the European Central Bank (ECB) published the final list containing 120 names of banks that will be directly supervised by the SSM as of 4 November 2014. This EU map shows the geographical distribution of SSM supervised banks.

Lookout for Economic Developments and Risks in Selected Euro Area Member States

19-09-2013

Overview of the key indicators in selected Euro Area Member States. Latest economic and financial developments, upcoming events and developments and 2013 country specific recommendations are summarised for Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Netherlands, Portugal and Slovenia. Euro area and US, the UK and Japan are compared for general economic indicators, public finances, private sector debt and inequalities, trade and competitiveness.

Overview of the key indicators in selected Euro Area Member States. Latest economic and financial developments, upcoming events and developments and 2013 country specific recommendations are summarised for Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Netherlands, Portugal and Slovenia. Euro area and US, the UK and Japan are compared for general economic indicators, public finances, private sector debt and inequalities, trade and competitiveness.

Country Specific Recommendations 2013 for Euro Area Member States and the Euro Area as a Whole

19-09-2013

Comparison of 2012 and 2013 country specific recommendations and an assessment of the implementation of 2012 country specific recommendations for the Member States, whose currency is the euro and common recommendation to the Euro Area as a whole.

Comparison of 2012 and 2013 country specific recommendations and an assessment of the implementation of 2012 country specific recommendations for the Member States, whose currency is the euro and common recommendation to the Euro Area as a whole.

Democratic Control in the Member States of the European Council and the Euro Zone Summits (Study and Annex 1 - 2)

15-01-2013

The European Council is increasingly central to the governance of the European Union. Even if national parliaments have originally focused their involvement in EU affairs on the ordinary legislative process, most of the chambers have started to develop specific activities, before or after European summits. From ex-ante influence to ex-post accountability, seven different models of control have been identified. Beyond their differences rooted in national democratic systems, they call for twelve recommendations ...

The European Council is increasingly central to the governance of the European Union. Even if national parliaments have originally focused their involvement in EU affairs on the ordinary legislative process, most of the chambers have started to develop specific activities, before or after European summits. From ex-ante influence to ex-post accountability, seven different models of control have been identified. Beyond their differences rooted in national democratic systems, they call for twelve recommendations listed in this report.

Autore esterno

Wolfgang WESSELS (Trans European Policy Studies Association), Olivier ROZENBERG (Notre Europe – Jacques Delors Institute), Mirte VAN DEN BERGE (Trans European Policy Studies Association), Claudia HEFFTLER (Trans European Policy Studies Association), Valentin KREILINGER (Notre Europe – Jacques Delors Institute) and Laura VENTURA (Trans European Policy Studies Association)

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