EU Economic governance: monitoring, prevention, correction

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.

How the EU monitors national economic policies

This section explains how the EU monitors national economic policies, and how and when preventive and corrective measures are put in place.

The European Semester

The European Semester timeline
The framework
The European Semester in your country

Stability and Growth Pact

Applying the rules of the stability and growth pact
The preventive arm
The corrective arm/ Excessive Deficit Procedure
Stability and convergence programmes
Annual draft budgetary plans (DBPs) of euro area countries
Legal basis of the Stability and Growth Pact
Fiscal policy guidance for 2023

Macroeconomic Imbalances Procedure

The Macroeconomic Imbalances Procedure aims to identify, ...

Timeline: The Evolution of EU Economic Governance

Economic governance in the EU has been reinforced and refined over time, evolving in the context of historical developments.