The Economic Governance
The European Union’s economic governance framework aims to monitor, prevent, and correct problematic economic trends that could weaken national economies or negatively affect other EU countries.
- Monitor the economic developments in the EU
- Prevent economic problems
- Correct excessive deficit and macroeconomic imbalances
- Implement corrective decisions
- The European Semester (EU coordination dealing with economic policies and budget plans)
- The Stability and Growth Pact (dealing with deficits and public debt: Six Pack, Two Pack, Treaty SCGEM)
- The Macroeconomic imbalance procedure (for preventing & correcting imbalances)