How the EU monitors national economic policies
This section explains how the EU monitors national economic policies, and how and when preventive and corrective measures are put in place.
The European Semester
The European Semester is the framework for integrated surveillance and coordination of economic and employment policies across the European Union.
Stability and Growth Pact
- Applying the rules of the stability and growth pact
- The preventive arm
- The corrective arm/ Excessive Deficit Procedure
- Stability and convergence programmes
- Annual draft budgetary plans (DBPs) of euro area countries
- Legal basis of the Stability and Growth Pact
- Fiscal policy guidance
- History of the Stability and Growth Pact
Macroeconomic Imbalance Procedure
The MIP aims to identify, prevent and address the emergence of potentially harmful macroeconomic imbalances that could adversely affect economic stability in a particular Member State, the euro area, or the EU as a whole.
Timeline: The Evolution of EU Economic Governance
Economic governance in the EU has been reinforced and refined over time, evolving in the context of historical developments.
Economic governance review
On 9 November 2022, the Commission adopted a Communication setting out orientations for a reformed EU economic governance framework.
National Productivity Boards
National Productivity Boards are independent institutions that help to analyse economic productivity and competitiveness developments and challenges.
Green budgeting in the EU
Green budgeting means using the tools of budgetary policymaking to help achieve climate and environmental goals.
European Fiscal Board (EFB)
The European Fiscal Board (EFB) is an independent advisory body of the European Commission.
European Growth Model
Towards a green, digital and resilient economy.