Montesquieu Institute: from science to society

Directorate-General Economic and Financial Affairs (ECFIN)

Source: Europa Nu.

The main task of this Directorate-General is to ensure the functioning of the Economic and Monetary Union (EMU). This can be achieved by monitoring economic development, co-ordinating economic policy, analysing economic policies and providing advice on economic policies.

The DG has the following tasks:

  • distributing guidelines for economic policy
  • assessment of stability and convergence programmes of member states (in which they provide, amongst other data, the development of their national deficits)
  • publishing of other reports, such as reports about public finances in the EMU, the EU Economic Overview and short- and long term economic analyses of the European Commission
  • provide economic analysis and an evaluation of policy areas of the European Union such as the internal market, agriculture and environment.
 

1.

Legislative proposals in negotiation

There are 731 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
16.06.2017  Implementation of macro-financial assistance to third countries in 2016.
Report com(2017)321
 
16.06.2017  Management of the guarantee fund of the European fund for strategic investments in 2016.
Report com(2017)326
 
22.05.2017  Recommendation with a view to correcting the significant observed deviation from the adjustment path toward the medium-term budgetary objective in Romania.
Recommendation com(2017)268
 
22.05.2017  Abrogation of Decision 2014/56/EU on the existence of an excessive deficit in Croatia.
Recommendation com(2017)529
 
22.05.2017  Abrogation of Decision 2010/288/EU on the existence of an excessive deficit in Portugal.
Recommendation com(2017)530
 

2.

Legislation currently being implemented

There are 133 laws or other legal instruments of the Council and the European Parliament, previously proposed by this Directorate-General, which are currently being implemented by the member states.
Date Title
07.07.2016  Council Decision establishing that no effective action has been taken by Portugal in response to the Council Recommendation of 21 June 2013 on deficit reduction.
Recommendation com(2016)293
 
07.07.2016  Council Decision establishing that no effective action has been taken by Spain in response to the Council Recommendation of 21 June 2013 on deficit reduction.
Recommendation com(2016)294
 
29.06.2016  Further macro-financial assistance to Jordan.
Decision com(2016)431
 
18.05.2016  Abrogation of Decision 2009/416/EC on the existence of an excessive deficit in Ireland.
Recommendation com(2016)297
 
12.02.2016  Further macro-financial assistance to Tunisia.
Decision com(2016)67
 

3.

Legislation in force

There are at least 209 laws or other legal instruments in force that have been previously proposed by this Directorate-General.
Date Title
16.11.2016  Economic partnership programme presented by Portugal.
Opinion com(2016)900
 
16.11.2016  Economic policy of the euro area.
Recommendation com(2016)726
 
27.07.2016  Recommendation for a COUNCIL DECISION giving notice to Spain to take measures for the deficit reduction judged necessary in order to remedy the situation of excessive ...
Recommendation com(2016)518
 
27.07.2016  Recommendation for a council decision giving notice to Portugal to take measures for the deficit reduction judged necessary in order to remedy a situation of excessive ...
Recommendation com(2016)520
 
18.05.2016  Abrogation of Decision 2010/401/EU on the existence of an excessive deficit in Cyprus.
Recommendation com(2016)295