Economic policy coordination in 2021: overcoming COVID-19, supporting the recovery and modernising our economy

Author (Corporate)
Series Details COM (2021) 500
Publication Date 02/06/2021
Content Type ,

Summary:

Communication published by the European Commission on 2 June 2021, providing an overview to economic policy coordination across the European Union (EU) in the framework of the 2021 cycle of the European Semester.

Further information:

An effective policy coordination under the European Semester is seen as essential to secure a stronger growth path in the aftermath of the crisis triggered by the COVID-19 (coronavirus) pandemic. This year's European Semester cycle was adapted to allow for the launch of the Recovery and Resilience Facility (RRF), but it was still designed to support policy discussions among Member States, exchange of best practices and agreements on a common way forward.

In the context of the RRF, Member States are required in their National Recovery and Resilience Plans (NRRPs) to effectively address all or a significant subset of challenges identified in the relevant Country-Specific Recommendations (CSRs), including a number of fiscal aspects. Beyond the scope of the Facility, those recommendations that are not addressed remain valid and under monitoring in the framework of the European Semester.

This Communication was published on 2 June 2021 as part of the spring package of the European Semester. It is accompanying by a set of Staff Working Documents (SWDs) comprising in-depth reviews for individual Member States in accordance with Regulation (EU) No 1179/2011 on the prevention and correction of macroeconomic imbalances.

The Council of the European Union adopted conclusions concerning the set of in-depth reviews published under the macroeconomic imbalance procedure at a meeting on 13 July 2021.

Source Link Link to Main Source https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2021:500:FIN
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Official
EUR-LEX: SWD(2021)401: Staff Working Document accompanying the Communication - In-Depth Review for Germany https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:401:FIN
EUR-LEX: SWD(2021)402: Staff Working Document accompanying the Communication - In-Depth Review for Ireland https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:402:FIN
EUR-LEX: SWD(2021)403: Staff Working Document accompanying the Communication - In-Depth Review for Greece https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:403:FIN
EUR-LEX: SWD(2021)404: Staff Working Document accompanying the Communication - In-Depth Review for Spain https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:404:FIN
EUR-LEX: SWD(2021)405: Staff Working Document accompanying the Communication - In-Depth Review for France https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:405:FIN
EUR-LEX: SWD(2021)406: Staff Working Document accompanying the Communication - In-Depth Review for Croatia https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:406:FIN
EUR-LEX: SWD(2021)407: Staff Working Document accompanying the Communication - In-Depth Review for Italy https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:407:FIN
EUR-LEX: SWD(2021)408: Staff Working Document accompanying the Communication - In-Depth Review for Cyprus https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:408:FIN
EUR-LEX: SWD(2021)409: Staff Working Document accompanying the Communication - In-Depth Review for the Netherlands https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:409:FIN
EUR-LEX: SWD(2021)410: Staff Working Document accompanying the Communication - In-Depth Review for Portugal https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:410:FIN
EUR-LEX: SWD(2021)411: Staff Working Document accompanying the Communication - In-Depth Review for Romania https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:411:FIN
EUR-LEX: SWD(2021)412: Staff Working Document accompanying the Communication - In-Depth Review for Sweden https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:412:FIN
Council of the European Union: Press Release, 13/07/2021: Council conclusions on the 2021 in-depth reviews under the macroeconomic imbalance procedure https://www.consilium.europa.eu/en/press/press-releases/2021/07/13/council-conclusions-on-the-2021-in-depth-reviews-under-the-macroeconomic-imbalance-procedure/

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