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This document presents selected indicators on public finance for the Euro Area Member States and the Euro Area as a whole. For each indicator, it provides a short explanation and the data sources. The final section presents a short overview of the main indicators used by the European and other international institutions to assess debt sustainability.

Croatia enters the euro area

V stručnosti 29-06-2022

On 1 January 2023, Croatia is set to become the 20th country to join the euro area and adopt the common currency. Two independent assessments, from the European Commission and the European Central Bank (ECB), found that Croatia fulfils the requirements for accession to the euro area. Nonetheless, significant challenges remain in order for Croatia to be able to maintain a sustainable convergence path in the medium term.

This document presents selected indicators on public finance for the Euro Area Member States and the Euro Area as a whole. For each indicator, it provides a short explanation and the data sources. The final section presents a short overview of the main indicators used by the European and other international institutions to assess debt sustainability.

This document presents the proposed amendments to the Treaty establishing the European Stability Mechanism (ESM). 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 two separate EGOV briefings: The European Stability Mechanism: Main Features, Instruments and Accountability and the ESM Pandemic Crisis Support.

This document compares key figures included in the 2021 Draft Budgetary Plans (DBPs), as submitted by the Euro Area Member States by mid of October 2020, with those of the autumn 2020 forecasts by the European Commission (EC) and the key figures included in the 2020 Stability Programmes (SPs), as submitted by the Euro Area Member States by end of April 2020, with the those of the 2020 spring forecasts by the EC. The DBPs and the SPs are available on the Commission homepage (here: DBPs and SPs ). ...

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 ...

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 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.

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.

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 ...