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

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Sunday, November 29, 2020
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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.
 

1.

Legislative proposals in negotiation

There are 923 proposals for legislative or other legal instruments of this Directorate-General in negotiations with the Council and the European Parliament.
Date Title
25.11.2020  Authorisation of the Commission to vote in favour of the capital increase of the European Investment Fund.
Decision com(2020)774
 
18.11.2020  2021 Draft Budgetary Plans: Overall Assessment.
Communication com(2020)750
 
18.11.2020  Enhanced Surveillance update - Greece, November 2020.
Communication com(2020)751
 
18.11.2020  Fiscal situation in Romania.
Communication com(2020)752
 
18.11.2020  Economic policy of the euro area.
Recommendation com(2020)746
 

2.

Legislation currently being implemented

There are 189 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
07.10.2020  Proposal granting temporary support under Regulation 2020/672 to Hungary to mitigate unemployment risks in the emergency following the COVID-19 outbreak.
Regulation com(2020)651
 
25.08.2020  COUNCIL IMPLEMENTING DECISION granting temporary support under Council Reg. 2020/672 to Portugal to mitigate unemployment risks following COVID-19 outbreak.
Regulation com(2020)473
 
24.08.2020  Proposal to grant temporary support under Council Regulation (EU) 2020/672 to Romania to mitigate unemployment risks in an emergency situation following the COVID-19 ...
Regulation com(2020)439
 
24.08.2020  Proposal to grant temporary support under Council Regulation 2020/672 to the Czech Republic to mitigate unemployment risks in an emergency situation in light of COVID-19.
Regulation com(2020)448
 
24.08.2020  Proposal to grant temporary support under Council Regulation (EU) 2020/672 to Slovakia to mitigate unemployment risks in an emergency situation following the COVID-19 ...
Regulation com(2020)462
 

3.

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