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6th February 2020
Banking & Finance Institutional law

Commission launches review of EU economic governance

Yesterday, the European Commission issued a Communication on the economic governance review and launched a public debate thereon. According to the Commission’s schedule, the review process should be completed by the end of 2020.

The EU’s economic governance framework was established to guide Member States in achieving their economic and fiscal policy objectives. It has evolved over time, with changes introduced to respond to new economic challenges. However, the Commission considers it necessary to review the current framework because some vulnerabilities remain, the fiscal framework has grown increasingly complex, and the economic context has significantly changed since the rules were established.

In this context, the Comm

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