EU economic governance framework

E243155

The EU economic governance framework is the overarching system of rules, procedures, and coordination mechanisms through which the European Union monitors, guides, and enforces member states’ fiscal, economic, and structural policies to ensure stability and sustainable growth.

All labels observed (5)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf European Union policy framework
economic governance framework
appliesTo European Union member states
basedOn Treaty on European Union
Treaty on the Functioning of the European Union
coordinatesWith Economic and Monetary Union
euro area fiscal rules
enforcedBy fines for persistent non-compliance
interest-bearing deposits for non-compliant euro area countries
sanctions under the Stability and Growth Pact
hasGoal coordinate national economic policies
ensure fiscal stability in the European Union
prevent and correct macroeconomic imbalances
promote sustainable economic growth in the European Union
safeguard the stability of the Economic and Monetary Union
implementedThrough European Semester cycle
linked to: European Semester
includesComponent European Semester
Excessive Deficit Procedure
Macroeconomic Imbalance Procedure
Stability and Growth Pact
budgetary surveillance
corrective arm of the Stability and Growth Pact
economic policy coordination
national fiscal frameworks requirements
preventive arm of the Stability and Growth Pact
structural reform surveillance
involvesInstitution European Central Bank
European Council
European Parliament
monitoredBy European Commission
monitors member states’ budgetary plans
member states’ macroeconomic developments
member states’ structural reforms
overseenBy Council of the European Union
Eurogroup
reformedBy Six-Pack legislation
Treaty on Stability, Coordination and Governance in the Economic and Monetary Union
Two-Pack legislation
post-2010 economic governance reforms
setsReferenceValue 3% of GDP general government deficit limit
60% of GDP general government debt ratio limit
timeFrame annual policy coordination cycle
usesInstrument convergence programmes
country-specific recommendations
fiscal surveillance reports
in-depth reviews under the Macroeconomic Imbalance Procedure
macroeconomic surveillance reports
national reform programmes
stability programmes

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

National Reform Programmes partOf EU economic governance framework
excessive deficit procedure partOf European Union economic governance framework
linked to: EU economic governance framework
Macroeconomic Imbalance Procedure partOf European Union economic governance framework
linked to: EU economic governance framework
European Semester partOf European Union economic governance framework
linked to: EU economic governance framework
Sub‑Committee on Economic and Trade Matters topic EU economic governance
linked to: EU economic governance framework
NRPs legalBasis EU economic governance framework
EU industrial strategy isPartOf EU economic governance
linked to: EU economic governance framework
European Innovation policy isPartOf European Union economic policy
linked to: EU economic governance framework
Euro Summit partOf European Union economic governance
linked to: EU economic governance framework