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New action for growth, governance and stability

(c) EU

The goals driving this package – economic growth, financial stability, budgetary discipline – are linked to each other

The European Commission adopted today the package enabling new action for growth, governance and stability.

The adopted package contains four elements: the 2012 Annual Growth Survey setting out the economic priorities for the coming year; two Regulations to tighten economic and budgetary surveillance in the euro area; and a Green Paper on Stability Bonds.

President Barroso stressed that: "to return to growth, Member States need to raise their game when it comes to implementing their commitments to structural reforms, as well as embrace deeper integration for the euro area." He continued: "The goals driving this package – economic growth, financial stability, budgetary discipline – are linked to each other. We need all of them if we are to move beyond the current emergency towards a Europe in which solidarity is balanced by strengthened responsibility. Implementing in the right way, the joint issuance of debt in the euro area could bring tremendous benefits."

With the adoption of this package the European Commission is accelerating its efforts for economic renewal, with moves to further strengthen euro area governance, safeguard future financial stability and boost growth and employment.

New action for growth, governance and stability

Press Material on Stability Bonds

The 2012 Annual Growth Survey: Frequently Asked Questions

Economic governance: Commission proposes two new Regulations to further strengthen budgetary surveillance in the euro area

Full speech by President Barroso

Speech by Vice-President Rehn

Annual Growth Survey pdf - 122 KB [122 KB] Deutsch (de) français (fr)

Annex - Progress Report on the Europe 2020 strategy pdf - 156 KB [156 KB] Deutsch (de) français (fr)

Annex - Macro Economic Report pdf - 545 KB [545 KB] Deutsch (de) français (fr)

Annex - Draft Joint Employment Report pdf - 114 KB [114 KB] Deutsch (de) français (fr)

Annex - Growth-friendly Tax Policies in Member States and Better Tax Coordination in the EU pdf - 79 KB [79 KB] Deutsch (de) français (fr)

Regulation 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 pdf - 38 KB [38 KB] Deutsch (de) français (fr)

Regulation on the strengthening of economic and budgetary surveillance of Member States experiencing or threatened with serious difficulties with respect to their financial stability in the euro area pdf - 30 KB [30 KB] Deutsch (de) français (fr)

Green Paper on the feasibility of introducing Stability Bonds pdf - 293 KB [293 KB] Deutsch (de) français (fr)

Speech by Commissioner Andor

Speech by Commissioner Šemeta