The European Semester is the framework for integrated surveillance and coordination of economic and employment policies across the European Union.
This section explains how the EU monitors national economic policies, and how and when preventive and corrective measures are put in place.
The Stability and Growth Pact (SGP) is a set of rules designed to ensure that countries in the European Union pursue sound public finances and coordinate their fiscal policies.
National medium-term fiscal-structural plans (MTPs) bring together the fiscal policy, structural reforms and investments of a Member State.
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.
The recommendations of the European Commission on the economic policy of the euro area.
The European Fiscal Board (EFB) is an independent advisory body of the European Commission.
How can sound and sustainable public finances be ensured?
Policy experiences show that strong national fiscal frameworks and institutions are important factors to increase national ownership, stabilise expectations, allow priority budgeting to support for example the green and digital transition, and to contain any deficit bias in fiscal policy making.