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Introduction to the Fiscal Framework of the EU
Introduction to the fiscal framework of the EU The Maastricht Treaty, the Treaty on Stability, Coordination and Governance, and the Stability and Growth Pact STUDY EPRS | European Parliamentary Research Service Author: Angelos Delivorias Members' Research Service PE 679.085 – February 2021 EN Introduction to the fiscal framework of the EU The Maastricht Treaty, the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, and the Stability and Growth Pact Almost 30 years ago, the Maastricht Treaty laid the basis for economic and monetary union (EMU). Its fiscal provisions have been further developed by subsequent primary and secondary legislation – in particular, the Stability and Growth Pact with its preventive and corrective arms, and the Treaty on Stability, Coordination and Governance in EMU. These instruments together constitute the fiscal framework of the European Union. In early 2020, the European Commission launched a review of the EU's economic governance, seeking in particular to establish how effective the surveillance provisions have been in achieving their objectives. This paper aims to provide an introduction to the Union's economic governance, starting from a brief overview of the economic literature, and concluding with a look at possible developments that might follow from the review, not least examining the various calls for its amendment that have been put on the table. While the Commission's review has been put to one side while the immediate issues of the coronavirus pandemic are addressed, the economic consequences of the pandemic are themselves changing the context for the review. EPRS | European Parliamentary Research Service AUTHOR Angelos Delivorias, Members' Research Service This paper has been drawn up by the Members' Research Service within the Directorate-General for Parliamentary Research Services (EPRS) of the Secretariat of the European Parliament. -
Council and Commission Decision of 26 February 2009 on The
L 107/164 EN Official Journal of the European Union 28.4.2009 COUNCIL AND COMMISSION COUNCIL AND COMMISSION DECISION of 26 February 2009 on the conclusion of the Protocol to the Stabilisation and Association Agreement between the European Communities and their Member States, of the one part, and the Republic of Albania, of the other part, to take account of the accession of the Republic of Bulgaria and Romania to the European Union (2009/331/EC, Euratom) THE COUNCIL OF THE EUROPEAN UNION (2) The Protocol should be concluded, AND THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European HAVE DECIDED AS FOLLOWS: Community, and in particular Article 310 in conjunction with the second sentence of Article 300(2), first subparagraph, and the second subparagraph of Article 300(3) thereof, Article 1 The Protocol to the Stabilisation and Association Agreement Having regard to the Treaty establishing the European Atomic between the European Communities and their Member States, Energy Community, and in particular the second paragraph of of the one part, and the Republic of Albania, of the other part, Article 101 thereof, to take account of the accession of the Republic of Bulgaria and Romania to the European Union is hereby approved on behalf Having regard to the Act of Accession of Bulgaria and Romania of the European Community, the European Atomic Energy and in particular Article 6(2) thereof, Community and the Member States. Having regard to the proposal from the Commission, Article 2 Having regard to the assent of the European Parliament, The President of the Council shall, on behalf of the European Community and its Member States, deposit the instruments of Having regard to the Council’s approval pursuant to Article 101 approval provided for in Article 11 of the Protocol. -
30Years 1953-1983
30Years 1953-1983 Group of the European People's Party (Christian -Demoeratie Group) 30Years 1953-1983 Group of the European People's Party (Christian -Demoeratie Group) Foreword . 3 Constitution declaration of the Christian-Democratic Group (1953 and 1958) . 4 The beginnings ............ ·~:.................................................. 9 From the Common Assembly to the European Parliament ........................... 12 The Community takes shape; consolidation within, recognition without . 15 A new impetus: consolidation, expansion, political cooperation ........................................................... 19 On the road to European Union .................................................. 23 On the threshold of direct elections and of a second enlargement .................................................... 26 The elected Parliament - Symbol of the sovereignty of the European people .......... 31 List of members of the Christian-Democratic Group ................................ 49 2 Foreword On 23 June 1953 the Christian-Democratic Political Group officially came into being within the then Common Assembly of the European Coal and Steel Community. The Christian Democrats in the original six Community countries thus expressed their conscious and firm resolve to rise above a blinkered vision of egoistically determined national interests and forge a common, supranational consciousness in the service of all our peoples. From that moment our Group, whose tMrtieth anniversary we are now celebrating together with thirty years of political -
The European Economic Area (Eea), Switzerland and the North
THE EUROPEAN ECONOMIC AREA (EEA), SWITZERLAND AND THE NORTH The European Economic Area (EEA) was set up in 1994 to extend the EU’s provisions on its internal market to the European Free Trade Area (EFTA) countries. Norway, Iceland and Liechtenstein are parties to the EEA. Switzerland is a member of EFTA but does not take part in the EEA. The EU and EEA EFTA partners (Norway and Iceland) are also linked by various ‘northern policies’ and forums which focus on the rapidly evolving northern reaches of Europe and the Arctic region as a whole. LEGAL BASIS For the EEA: Article 217 of the Treaty on the Functioning of the European Union (Association Agreements). For Switzerland: Insurance Agreement of 1989, Bilateral Agreements I of 1999, Bilateral Agreements II of 2004. THE EEA A. Objectives The purpose of the European Economic Area (EEA) is to extend the EU’s internal market to countries in the European Free Trade Area (EFTA). The current EFTA countries do not wish to join the EU. EU legislation relating to the internal market becomes part of the legislation of the EEA EFTA countries once they have agreed to incorporate it. The administration and management of the EEA is shared between the EU and the EEA EFTA countries in a two-pillar structure. Decisions are taken by joint EEA bodies (the EEA Council, the EEA Joint Committee, the EEA Joint Parliamentary Committee and the EEA Consultative Committee). B. Background In 1992, the then seven members of EFTA negotiated an agreement to allow them to participate in the ambitious project of the European Community’s internal market, launched in 1985 and completed at the end of 1992. -
Implementing the Protocol 36 Opt
September 2012 Opting out of EU Criminal law: What is actually involved? Alicia Hinarejos, J.R. Spencer and Steve Peers CELS Working Paper, New Series, No.1 http://www.cels.law.cam.ac.uk http://www.cels.law.cam.ac.uk/publications/working_papers.php Centre for European Legal Studies • 10 West Road • Cambridge CB3 9DZ Telephone: 01223 330093 • Fax: 01223 330055 • http://www.cels.law.cam.ac.uk EXECUTIVE SUMMARY Protocol 36 to the Lisbon Treaty gives the UK the right to opt out en bloc of all the police and criminal justice measures adopted under the Treaty of Maastricht ahead of the date when the Court of Justice of the EU at Luxembourg will acquire jurisdiction in relation to them. The government is under pressure to use this opt-out in order to “repatriate criminal justice”. It is rumoured that this opt-out might be offered as a less troublesome alternative to those are calling for a referendum on “pulling out of Europe”. Those who advocate the Protocol 36 opt-out appear to assume that it would completely remove the UK from the sphere of EU influence in matters of criminal justice and that the opt-out could be exercised cost-free. In this Report, both of these assumptions are challenged. It concludes that if the opt-out were exercised the UK would still be bound by a range of new police and criminal justice measures which the UK has opted into after Lisbon. And it also concludes that the measures opted out of would include some – notably the European Arrest Warrant – the loss of which could pose a risk to law and order. -
Transnational Lists for the European Parliament Elections
REFLECTION PAPER 2018 | JAN TRANSNATIONAL LISTS FOR THE EUROPEAN PARLIAMENT ELECTIONS BY SIETSE WIJNSMA INTRODUCTION The European Parliament is currently discussing in its the European political parties or affiliations will compete committee on constitutional affairs the report on the through transnational lists for a certain number of seats in Composition of the Parliament, concerning the distribu- the European Parliament. The European constituency will tion of parliamentary seats. As part of this EP report, it encompass the entire European Union and will exist in is proposed to introduce transnational lists whereby all parallel to the existing national constituencies. European citizens can vote on the same candidates in a joint European constituency. This legislative initiative by When European political parties (EUPPs) will compete the Parliament will need to be adopted soon as the 2019 throughout Europe with one election-manifesto, their elections preparations are imminent, and preferably be- campaign will necessarily be about European issues. Eu- fore the European Council of 23 February. As there seem ropean citizens will then be better able to make up their to be many questions and misconceptions going around, mind who to vote for in accordance with their ideas on this paper seeks to clarify the intention and modalities of the right direction for Europe. Nowadays many citizens transnational lists. feel their vote in the European elections is wasted as they do not see any result of their vote in policy making. They EUROPEANISATION OF EUROPEAN PARLIAMENT ELECTIONS mainly vote on national issues that are often national com- petences, where the EU has no or little impact. -
The Historical Development of European Integration
FACT SHEETS ON THE EUROPEAN UNION The historical development of European integration PE 618.969 1. The First Treaties.....................................................................................................3 2. Developments up to the Single European Act.........................................................6 3. The Maastricht and Amsterdam Treaties...............................................................10 4. The Treaty of Nice and the Convention on the Future of Europe..........................14 5. The Treaty of Lisbon..............................................................................................18 EN - 18/06/2018 ABOUT THE PUBLICATION This leaflet contains a compilation of Fact Sheets provided by Parliament’s Policy Departments and Economic Governance Support Unit on the relevant policy area. The Fact Sheets are updated regularly and published on the website of the European Parliament: http://www.europarl.europa.eu/factsheets ABOUT THE PUBLISHER Author of the publication: European Parliament Department responsible: Unit for Coordination of Editorial and Communication Activities E-mail: [email protected] Manuscript completed in June, 2018 © European Union, 2018 DISCLAIMER The opinions expressed in this document are the sole responsibility of the author and do not necessarily represent the official position of the European Parliament. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the publisher is given prior notice -
The Power of Euromyths Shows That There Needs to Be a More Substantial Effort to Change the Debate on the EU
blo gs.lse.ac.uk http://blogs.lse.ac.uk/europpblog/2013/02/19/euromyths-media-debate/ The power of Euromyths shows that there needs to be a more substantial effort to change the debate on the EU. Blog Admin From bans on oddly shaped bananas, to children blowing up balloons, so-called ‘Euromyths’ have become a pervasive part of the UK media’s reporting of EU policies. Simon Usherwood takes an in-depth look at the place of Euromyths in the public debate on the EU, finding that they are much harder to stop than to start. While it is important to debunk these myths, what is really needed is a substantive effort to generate a more mature and thoughtful debate on European integration. For many members of the public, much of their knowledge of the European Union comes f rom the ‘…and f inally’ stories that pop up in the media. This is the territory of ‘children not being allowed to blow up balloons’, ‘bans on claims that water can prevent dehydration’ and the ‘end of the prawn cocktail crisp’. Such tales provide much amusement to those who see them, conf irming suspicions about ‘Europe’ and its lack of f ocus on the important things in lif e. A wry smile – or a loud tut – and on we go, to the next story. Euromyths hold a particular place in the UK’s public debate on the EU. On the one hand, they are derided by public of f icials as silly distractions, but on the other, they consume much time and ef f ort. -
The European Parliament and Environmental Legislation: the Case of Chemicals
European Journal of Political Research 36: 119–154, 1999. 119 © 1999 Kluwer Academic Publishers. Printed in the Netherlands. The European Parliament and environmental legislation: The case of chemicals GEORGE TSEBELIS & ANASTASSIOS KALANDRAKIS University of California, Los Angeles, USA Abstract. The paper studies the impact of the EP on legislation on chemical pollutants in- troduced under the Cooperation procedure. A series of formal and informal analyses have predicted from significant impact of the EP, to limited impact (only in the second round) to no impact at all. Through the analysis of Parliamentary debates as well as Commission and Parliamentary committee documents, we are able to assess the significance of different amendments, as well as the degree to which they were introduced in the final decision of the Council. Our analysis indicates first that less than 30% of EP amendments are insignificant, while 15% are important or very important; second, that the probability of acceptance of an amendment is the same regardless of its significance. Further analysis indicates two sources of bias of aggregate EP statistics: several amendments are complementary (deal with the same issue in different places of the legal document), and a series of amendments that are rejected as inadmissible (because they violate the legal basis of the document or the germainess require- ment) are included in subsequent pieces of legislation. We calculate the effect of these biases in our sample, and find that official statistics underestimate Parliamentary influence by more than 6 percentage points (49% instead of 56% in our sample). Finally, we compare a series of observed strategic behaviors of different actors (rapporteurs, committees, floor, Commission) to different expectations generated by the literature. -
The European Union: Questions and Answers
The European Union: Questions and Answers Updated October 27, 2020 Congressional Research Service https://crsreports.congress.gov RS21372 SUMMARY RS21372 The European Union: Questions and Answers October 27, 2020 The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. The EU is the latest stage in a process of integration Kristin Archick begun after World War II, initially by six Western European countries, to foster interdependence Specialist in European and make another war in Europe unthinkable. The EU currently consists of 27 member states, Affairs including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity throughout the European continent. How the EU Works The EU has been built through a series of binding treaties. Over the years, EU member states have sought to harmonize laws and adopt common policies on an increasing number of economic, social, and political issues. EU member states share a customs union; a single market in which capital, goods, services, and people move freely; a common trade policy; and a common agricultural policy. Nineteen EU member states use a common currency (the euro), and 22 member states participate in the Schengen area of free movement in which internal border controls have been eliminated. In addition, the EU has been developing a Common Foreign and Security Policy (CFSP), which includes a Common Security and Defense Policy (CSDP), and pursuing cooperation in the area of Justice and Home Affairs (JHA) to forge common internal security measures. Member states work together through several EU institutions to set policy and to promote their collective interests. -
José Manuel Barroso's Leadership of the European Commission
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Kassim, Hussein Working Paper A new model presidency: José Manuel Barroso's leadership of the European Commission WZB Discussion Paper, No. SP IV 2013-502 Provided in Cooperation with: WZB Berlin Social Science Center Suggested Citation: Kassim, Hussein (2013) : A new model presidency: José Manuel Barroso's leadership of the European Commission, WZB Discussion Paper, No. SP IV 2013-502, Wissenschaftszentrum Berlin für Sozialforschung (WZB), Berlin This Version is available at: http://hdl.handle.net/10419/103427 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence -
The European Monetary System and European Integration: Marriage Or Divorce?
THE EUROPEAN MONETARY SYSTEM AND EUROPEAN INTEGRATION: MARRIAGE OR DIVORCE? by Patrick M. Crowley Saint Mary's University Halifax and McGill University Montreal Canada April 1995 Acknowledqements: I am grateful to my supervisors Robin Rowley, John McCallum and Vicky Zinde- Walsh at McGill University, Montreal for their help and guidance. This paper is culled from my Ph.D. thesis, and is therefore preliminary. All comments are welcome. Paper prepared for the May , 1995, European Community Studies Association Meetings in Charleston, South Carolina, USA. Abstract This paper presents the various economic approaches to achieving monetary union, particularly in the context of European Economic and Monetary Union (EMU). It also evaluates the implications of the Maastricht Treaty, in the light of the current state of economic convergence and given the economic convergence criteria embodied in the Treaty, in terms of economic policy for individual Member States and for the European Union (EU) as a whole. Comparisons are made with other more mature federations, and a case for greater fiscal federalism post-1999 is presented. The paper concludes by assessing the options for the EU at its scheduled inter-governmental conference in 1996, for amending or replacing the Treaty. Contents I. Background and Introduction II. The Road to EMU a) Generic Approaches b) The Transition Process c) Currency Stabilisation and the Role of the EMS III. Fiscal Federalism a) The Subsidiarity Principle b) Regional Disparities c) Budgetary Fairness and Convergence under Maastricht IV. The Maastricht Convergence Criteria a) The Criteria b) Regional Disparities c) Dynamic "let-outs" d) Credibility Issues V. The Maastricht Treaty and Evaluation of Feasible Alternatives a) A Critical Assessment of Maastricht b) Amending the Treaty c) Replacing the Treaty d) EMU - Economic Jingoism or Pyrrhic Victory? VI.