1575

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Structural Budget Balances in EU Member States - November 2019

14-11-2019

Structural budget balances play an important role in the fiscal policy frameworks of the EU both as part of the application of the Stability and Growth Pact (SGP) and in the implementation of the balanced budget rule by the contracting parties of the intergovernmental Treaty on Stability, Coordination and Governance in the EMU (the fiscal section of the Treaty is called “Fiscal Compact”). This document provides a short overview of the concept and application of the structural balance rule(s) in ...

Structural budget balances play an important role in the fiscal policy frameworks of the EU both as part of the application of the Stability and Growth Pact (SGP) and in the implementation of the balanced budget rule by the contracting parties of the intergovernmental Treaty on Stability, Coordination and Governance in the EMU (the fiscal section of the Treaty is called “Fiscal Compact”). This document provides a short overview of the concept and application of the structural balance rule(s) in the EU. It will be regularly updated, in particular, the Annex that shows progress made (based on the latest Commission forecast) by Member States in reaching their structural budget commitments under the preventive arm of the SGP.

Implementation of the Stability and Growth Pact (November 2019)

14-11-2019

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

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

Economic Dialogue with the President of the Eurogroup - ECON 18 November 2019

14-11-2019

Mário Centeno, has been invited to his first Economic Dialogue for the current legislative term of the European Parliament. The previous dialogue in the ECON Committee took place on 20 November 2018. During the 8th legislative term, 9 Economic Dialogues with the President of the Eurogroup took place in the ECON Committee. This briefing provides an overview of the ongoing work of the Eurogroup as regards Council recommendations to the Euro Area as a whole, public finances, macro-economic imbalances ...

Mário Centeno, has been invited to his first Economic Dialogue for the current legislative term of the European Parliament. The previous dialogue in the ECON Committee took place on 20 November 2018. During the 8th legislative term, 9 Economic Dialogues with the President of the Eurogroup took place in the ECON Committee. This briefing provides an overview of the ongoing work of the Eurogroup as regards Council recommendations to the Euro Area as a whole, public finances, macro-economic imbalances, ex-post surveillance and the banking union.

The advisory European Fiscal Board

13-11-2019

This note provides an overview of the main features and recent developments regarding the advisory European Fiscal Board. This body was established by the European Commission in October 2015, in the context of the implementation of an “integrated framework for sound fiscal policies”, proposed in the Five Presidents' Report of June 2015. The Annex presents excerpts from the latest Annual Reports published by the board.

This note provides an overview of the main features and recent developments regarding the advisory European Fiscal Board. This body was established by the European Commission in October 2015, in the context of the implementation of an “integrated framework for sound fiscal policies”, proposed in the Five Presidents' Report of June 2015. The Annex presents excerpts from the latest Annual Reports published by the board.

Recommendations on the economic policy of the euro area under the 2019 European Semester - November 2019

13-11-2019

This note looks at the recommendations on the economic policies of the euro area adopted by the Council in 2019, upon proposal of the Commission. Its scope is to assess their follow up, making use of proxies such as on how Eurogroup has integrated euro area recommendations concerns in their “thematic discussions” and its work programmes, as well as Commission’s assessment. In addition, the note provides an institutional perspective of the euro area recommendations, in particular the process setting ...

This note looks at the recommendations on the economic policies of the euro area adopted by the Council in 2019, upon proposal of the Commission. Its scope is to assess their follow up, making use of proxies such as on how Eurogroup has integrated euro area recommendations concerns in their “thematic discussions” and its work programmes, as well as Commission’s assessment. In addition, the note provides an institutional perspective of the euro area recommendations, in particular the process setting the 2019 euro area recommendations and includes broad comparisons to earlier recommendations, to illustrate how policy concerns have evolved over time. This note is regularly updated.

Key Macroeconomic Indicators in the Euro Area and the United States

12-11-2019

Latest forcest by EC, IMF and OECD.

Latest forcest by EC, IMF and OECD.

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.

External Imbalaces in the Euro Area - November 2019

12-11-2019

This note provides a short overview of the latest data related to external imbalances in euro area Member States, with specific reference to some indicators included in the scoreboard of the Macroeconomic Imbalances Procedure.

This note provides a short overview of the latest data related to external imbalances in euro area Member States, with specific reference to some indicators included in the scoreboard of the Macroeconomic Imbalances Procedure.

Key features of 2020 Draft Budgetary Plans

12-11-2019

This document compares the key features of the 2020 Draft Budgetary Plans (DBP), as submitted by the Euro Area Member States by mid of October 2019, with the autumn 2019 forecasts by the European Commission (EC) and the key features included in the 2019 Stability Programmes (SP), as submitted by the Euro Area Member States by end of April 2019, with the 2019 spring forecasts by the EC. While blue cells indicate that the Member State is more optimistic than the EC forecast, grey cells indicate that ...

This document compares the key features of the 2020 Draft Budgetary Plans (DBP), as submitted by the Euro Area Member States by mid of October 2019, with the autumn 2019 forecasts by the European Commission (EC) and the key features included in the 2019 Stability Programmes (SP), as submitted by the Euro Area Member States by end of April 2019, with the 2019 spring forecasts by the EC. While blue cells indicate that the Member State is more optimistic than the EC forecast, grey cells indicate that the Member State is less optimistic than the EC forecast. An overview comparing these figures with the required fiscal efforts and the medium-term budgetary objectives (MTO), as included in the latest Council decisions/recommendations, is provided in a separate EGOV document.

Country-Specific Recommendations in banking - November 2019

12-11-2019

Financial sector reforms have been flagged by the Commission in its Communication on the 2019 European Semester as the policy area where Member States have made the most progress during last year. This briefing focuses on the banking recommendations addressed by the Council to individual Member States within the framework of the European Semester over the past years (2011-2019). It covers all recommendations targeting individual Member States’ banking sectors from a financial stability perspective ...

Financial sector reforms have been flagged by the Commission in its Communication on the 2019 European Semester as the policy area where Member States have made the most progress during last year. This briefing focuses on the banking recommendations addressed by the Council to individual Member States within the framework of the European Semester over the past years (2011-2019). It covers all recommendations targeting individual Member States’ banking sectors from a financial stability perspective or in respect of the financing of their economies and access to finance. It takes stock of these banking relevant country-specific recommendations issued since 2011, having a closer look at the most recent recommendation iteration, as well as, looks in detail at the main topics addressed and gives an overview of the implementation by Member States as assessed by the Commission. The briefing is regularly updated.

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20-11-2019
Europe's Future: Where next for EU institutional Reform?
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