Review of the Stability and Growth Pact - Related links

European Commission

Economic governance review (Communication of the European Commission)

Commission presents review of EU economic governance and launches debate on its future (European Commission - Press release, February 2020)

Economic governance review: Questions and answers (European Commission, February 2020)

The EU's economic governance explained (European Commission - Fact Sheet)

Stability and Growth Pact: Commission issues guidance to encourage structural reforms and investment (European Commission - Press release, January 2015)

Relevant European Legislation

Six Pack

Regulation (EU) No 1173/2011 of the European Parliament and of the Council of 16 November 2011 on the effective enforcement of budgetary surveillance in the euro area (Official Journal of the European Union, November 2011)

Regulation (EU) No 1174/2011 of the European Parliament and of the Council of 16 November 2011 on enforcement measures to correct excessive macroeconomic imbalances in the euro area (Official Journal of the European Union, November 2011)

Regulation (EU) No 1175/2011 of the European Parliament and of the Council of 16 November 2011 amending Council Regulation (EC) No 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (Official Journal of the European Union, November 2011)

Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances (Official Journal of the European Union, November 2011)

Council Regulation (EU) No 1177/2011 of 8 November 2011 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure (Official Journal of the European Union, November 2011)

Council Directive 2011/85/EU of 8 November 2011 on requirements for budgetary frameworks of the Member States (Official Journal of the European Union, November 2011)

Two Pack

Regulation (EU) No 472/2013 of the European Parliament and of the Council of 21 May 2013 on the strengthening of economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability (Official Journal of the European Union, May 2013)

Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (Official Journal of the European Union, May 2013)

European Fiscal Board

2019 annual report of the European Fiscal Board (European fiscal Board, Annual Report, September 2019)

European Parliament

The European Semester for economic policy coordination: A reflection paper (European Parliament – study, October 2019)

Other organisations

European fiscal rules require a major overhaul (Bruegel, October 2018)

Reforming the EU fiscal framework (Bruegel, September 2018)