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This briefing provides a summary of all scrutiny activities of the European Parliament related to euro area monetary policy in the period between December 2023 and February 2024. For a recap of the key monetary policy developments and decisions taken by the European Central Bank in that period, please refer to our briefing published ahead of the 15 February Monetary Dialogue. We publish these documents regularly ahead and after each Monetary Dialogue with the European Central Bank.

This briefing provides a summary of the recent economic developments in the EU Member States and gives an overview of relevant economic projections forecasted by major international and EU institutions. Annex 1 includes latest GDP data and forecasts for all EU Member States and Annex 2 the latest inflation data and developments.

This briefing paper was prepared ahead of the Monetary Dialogue between the Committee on Economic and Monetary Affairs (ECON) and the European Central Bank (ECB) President on Thursday, 15 February. It provides a summary of key monetary policy developments and decisions taken by the ECB’s Governing Council. This is the last Monetary Dialogue of the 9th legislative term.

Macroeconomic surveillance

EU Fact Sheets 30-01-2024

Over the past decade, the EU has experienced major macroeconomic imbalances (which exacerbated the negative effects of the financial crisis that began in 2008) and serious divergences in competitiveness (which prevented the effective use of common monetary policy measures). In 2011, the EU set up the macroeconomic imbalance procedure (MIP) – a surveillance and enforcement procedure intended to facilitate the early identification and correction of such imbalances in Member States, paying specific ...

Vincent Van Peteghem, Deputy Prime Minister of Belgium and Minister of Finance is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Belgian Presidency (January - June 2024). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”. This document provides an overview of the Belgian Presidency priorities in ECON matters, including the Council ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni have been invited to an Economic Dialogue on the fiscal part of the 2024 European Semester autumn package adopted by the Commission in November 2023. The fiscal elements of the package include the Commission Opinions on the euro area 2024 Draft Budgetary Plans, the fiscal policy recommendation for the euro area and some elements of the 2024 Alert Mechanism Report. In 2024, the general escape clause of the Stability and Growth Pact will ...

This briefing provides a summary of all scrutiny activities of the European Parliament related to euro area monetary policy in the period between September 2023 and November 2023. For a recap of the key monetary policy developments and decisions taken by the European Central Bank in that period, please refer to our briefing published ahead of the 27 November Monetary Dialogue. We publish these documents regularly ahead and after each Monetary Dialogue with the European Central Bank.

Financial assistance to EU Member States

EU Fact Sheets 05-12-2023

European financial assistance mechanisms are intended to preserve the financial stability of the EU and the euro area, as financial distress in one Member State can have a substantial impact on macro-financial stability in other Member States. Financial assistance is linked to macroeconomic conditionality (it is a loan rather than a fiscal transfer), to ensure that Member States receiving such assistance implement the necessary fiscal, economic, structural and supervisory reforms. The reforms are ...

European monetary policy

EU Fact Sheets 05-12-2023

The European System of Central Banks (ESCB) comprises the ECB and the national central banks of all the EU Member States. The primary objective of the ESCB is to maintain price stability. In order to achieve this objective, the Governing Council of the ECB bases its decisions on an integrated analytical framework and implements both standard and non-standard monetary policy measures.

This briefing paper was prepared ahead of the Monetary Dialogue between the Committee on Economic and Monetary Affairs (ECON) and the European Central Bank (ECB) President on Monday, 27 November. It provides a summary of key monetary policy developments and decisions taken by the ECB’s Governing Council.