Directorate-General Economic and Financial Affairs (ECFIN) - EU monitor

EU monitor
Friday, August 14, 2020

Directorate-General Economic and Financial Affairs (ECFIN)

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.


Legislative proposals in negotiation

There are 915 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
07.07.2020  Implementation of macro-financial assistance to third countries in 2019.
Report com(2020)296
10.06.2020  CONVERGENCE REPORT 2020 (prepared in accordance with Article 140(1) of the Treaty on the Functioning of the EU).
Report com(2020)237
09.06.2020  Implementation and the results of the Pericles 2020 programme for the protection of the euro against counterfeiting in 2019.
Report com(2020)230
29.05.2020  Amendment of Regulation (EU) 2015/1017 as regards creation of a Solvency Support Instrument.
Regulation com(2020)404
29.05.2020  InvestEU Programme.
Regulation com(2020)403


Legislation currently being implemented

There are 172 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
22.04.2020  Providing Macro-Financial Assistance to enlargement and neighbourhood partners in the context of the COVID-19 pandemic crisis.
Decision com(2020)163
02.04.2020  Establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak.
Regulation com(2020)139
04.03.2020  Existence of an excessive deficit in Romania.
Decision com(2020)89
06.09.2019  Further macro-financial assistance to Jordan.
Decision com(2019)411
09.03.2018  Further macro-financial assistance to Ukraine.
Decision com(2018)127


Legislation in force

There are at least 201 laws or other legal instruments in force that have been previously proposed by this Directorate-General.
Date Title
22.11.2017  Abrogation of Decision 2008/713/EC on the existence of an excessive deficit in the United Kingdom.
Recommendation com(2017)801
22.11.2017  Economic policy of the euro area.
Recommendation com(2017)770
12.07.2017  Abrogation of Decision 2009/415/EC on the existence of an excessive deficit in Greece.
Decision com(2017)380
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