Two-Pack legislation

E625509

Two-Pack legislation is a set of European Union budgetary governance rules adopted after the eurozone crisis to strengthen fiscal surveillance and coordination among euro area member states.

All labels observed (1)

Label Occurrences
Two-Pack legislation canonical 2

How this entity was disambiguated

Statements (40)

Predicate Object
instanceOf European Union legislative package ⓘ
budgetary governance framework ⓘ
affectsPolicyArea economic governance ⓘ
fiscal policy ⓘ
public finance management ⓘ
aimsToEnsure better coordination of national budgetary policies ⓘ
early detection of fiscal slippages ⓘ
sustainable public finances in the euro area ⓘ
alsoKnownAs Two-Pack ⓘ
appliesToJurisdiction European Union ⓘ
euro area member states ⓘ
basedOn Articles of the Treaty on the Functioning of the European Union related to economic policy coordination ⓘ
complements Fiscal Compact ⓘ
Six-Pack legislation ⓘ
Stability and Growth Pact ⓘ
establishes framework for post-programme surveillance ⓘ
possibility of enhanced surveillance for vulnerable member states ⓘ
follows Six-Pack legislation ⓘ
hasConsequence greater harmonisation of budgetary procedures in the euro area ⓘ
increased ex-ante oversight of national budgets by EU institutions ⓘ
hasPurpose to enhance budgetary coordination among euro area member states ⓘ
to prevent and correct macroeconomic imbalances and fiscal risks ⓘ
to strengthen fiscal surveillance in the euro area ⓘ
introducedRequirement common budgetary timeline for euro area member states ⓘ
enhanced reporting obligations for countries under financial assistance ⓘ
independent fiscal institutions at national level ⓘ
submission of draft budgetary plans to the European Commission ⓘ
isPartOf EU fiscal rules architecture ⓘ
European economic governance framework ⓘ
monitoredBy European Commission ⓘ
overseenBy Council of the European Union ⓘ
regulates enhanced surveillance of member states in financial difficulties ⓘ
monitoring of draft budgetary plans ⓘ
national budgetary processes in euro area countries ⓘ
requires medium-term budgetary planning by member states ⓘ
use of realistic macroeconomic forecasts in national budgets ⓘ
strengthens corrective arm of the Stability and Growth Pact ⓘ
preventive arm of the Stability and Growth Pact ⓘ
targets euro area countries experiencing or threatened with serious financial difficulties ⓘ
wasAdoptedAfter eurozone sovereign debt crisis ⓘ

How these facts were elicited

Referenced by (2)

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

Stability and Growth Pact → reformedBy → Two-Pack legislation ⓘ
EU economic governance framework → reformedBy → Two-Pack legislation ⓘ