These are the main documents on the key decisions and proposals on developing a more inclusive European Union for all citizens.
The proposal would require EU countries to make specific economic reforms via a contractual arrangement among themselves. It also allows for EU financial support to help governments introduce these reforms.
The proposal sets out options on how to structure EU-level discussions on closer Economic and Monetary union. The discussions would assess the likely effects of the reforms on national economies, and allow countries to take appropriate measures in advance.
Proposals aim to encourage more people to cast their vote in European Parliament elections. The changes include providing citizens with better information about candidates' political positions and party affiliations, and having one fixed election day across the EU.
Proposals made by the presidents of the European Council, European Commission, Eurogroup and European Central Bank to deepen Economic and Monetary Union. The proposals call for "arrangements of a contractual nature" between countries using the euro and EU institutions to carry out structural reforms, the ability to "take rapid executive decisions" for the single currency and for "unified" external representations of the new Union, under specific parliamentary supervision.
Plan maps path to full economic, monetary, budgetary and political integration. Closer coordination will make it easier for governments to align their responses with the EU’s main economic challenges, as well as supporting efforts to boost growth and jobs.
EU rules better align national budgetary policy with economic governance rules. They align national fiscal rules with Treaty obligations, and to multi-annual budgetary planning and ensure that government finances are covered under budgetary rules.
EU rules base the monitoring of public finances on prudent fiscal policy-making to ensure convergence towards EU medium-term objectives.
EU rule broadens economic surveillance to more closely coordinate economic and budgetary policies by including regular assessments and an alert mechanism.
Debt developments will be tracked more closely. EU countries whose debt exceeds 60% of GDP should take steps to reduce it at a satisfactory pace. EU countries will be benchmarked as to whether they remain sufficiently on track to reduce their debt accordingly.
EU rule establishes a system of fines to ensure euro area countries correct macroeconomic imbalances.
EU rule establishes gradual sanctions for euro area countries that break EU budgetary rules.
Policy establishes the “European semester”, an annual 6-month cycle during which governments benefit from the input of their EU peers as they formulate national budgetary and economic policies. The cycle begins with the Commission's Annual Growth Survey, a package of economic and budgetary recommendations which sets priorities for EU countries over the year.
The EU's 10-year strategy for boosting the European economy and job creation is based on a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy. The strategy identifies seven flagship initiatives, including programmes to improve conditions and access to finance for R&D, speed up the roll-out of high-speed internet and increase the use of renewable energy.
The Treaty of Lisbon reinforces democracy and the EU's capacity to meet the interests of citizens. For example the European Parliament has a bigger role in law making, the budget and international agreements. Citizens have more say, with the ability to call for changes in EU law by attracting 1 million people to sign up in support of a policy proposal.