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The financial and economic crisis - a chronological overview - September 2010

The economic crisis has prompted intense and sustained action by the EU's national governments, the European Central Bank and the Commission. All have been working closely together to support growth and employment, ensure financial stability, and put in place a better governance system for the future.

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30 September - 1 October 2010
Main results of the Informal ECOFIN

The main points on the agenda were:  

  • EU economic governance and structural reforms: the right mix between fiscal stability, reinforced macroeconomic surveillance and support to growth-enhancing reforms
  • Economic perspectives and financial markets outlook: the uncertainty is still prevailing in terms of growth scenario and financial sector outlook, despite positive signs of economic recovery in the EU
  • Regulation of the financial sector: .

>> Economic and Financial Affairs. Main results of the Informal ECOFIN

29 September 2010
Commission package of legislative proposals on economic governance

The Commission legislative package contains the most comprehensive reinforcement of economic governance in the EU and the euro area since the launch of the Economic and Monetary Union. Broader and enhanced surveillance of fiscal policies, but also macroeconomic policies and structural reforms is sought in the light of the shortcomings of the existing legislation. New enforcement mechanisms are foreseen for non-compliant Member States. The recently agreed "European semester" will integrate all revised and new surveillance processes into a comprehensive and effective economic policy framework.

>> Economic and Financial Affairs. A new EU economic governance - a comprehensive Commission package of proposals

7 September 2010
Statement by Commissioner for Economic and Monetary Affairs Olli REHN on the endorsement of the "European Semester" by the EU Council

>> Economic and Financial Affairs. MEMO/10/394  Statement by Commissioner for Economic and Monetary Affairs Olli REHN on the endorsement of the "European Semester" by the EU Council Choose translations of the previous link 

 

 

 


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