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Commission relaunches the review of EU economic governance

The European Commission has adopted a Communication that takes stock of the changed circumstances for economic governance in the aftermath of the COVID-19 crisis and relaunches the public debate on the review of the EU's economic governance framework.

Read-out of the College meeting by Valdis Dombrovskis and Paolo Gentiloni, ©European Union
European Union

date:  28/10/2021

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The Communication issued on 19 October follows President von der Leyen's commitment in her State of the Union address to build a consensus on the future of the EU's economic governance framework. The Commission had previously suspended this public debate, which was first launched in February 2020, to focus on responding to the economic and social impact of the COVID-19 pandemic. The relaunched debate will draw on both the Commission's view of the effectiveness of the economic surveillance framework presented in February 2020 and the lessons learnt from the COVID-19 crisis described in the Communication. The Commission invites all key stakeholders to engage in this public debate in order to build consensus on the future of the economic governance framework. It is crucial to have in place a framework that can fully support Member States to repair the economic and social impact of the COVID-19 pandemic and respond to the EU's most pressing challenges.