The Resource How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource)
How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource)
Resource Information
The item How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.This item is available to borrow from 1 library branch.
Resource Information
The item How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
This item is available to borrow from 1 library branch.
- Extent
- 40 pages.
- Note
- The European Semester is a new six-month cycle in economic policy coordination in the EuropeanUnion that starts in January and finishes in June/July. It is based on two procedural innovations. Thefirst is a shift in the timing of the budgetary process. National Governments are asked to submit theirStability or Convergence Programmes before they are discussed by National Parliaments andtranslated into national legislation. The aim is to strengthen economic policy coordination acrosscountries by providing ex-ante guidance. The second institutional innovation is the alignment of thetiming of fiscal and structural reform plans. EU Member States are now asked to submit Stability orConvergence Programmes at the same time as their National Reform Programmes, implying thatMember States should pay more attention to complementarities and spill-over effects across policyareas.The Semester's objectives are ambitious and its interaction with the new emerging economicgovernance framework is complicated and, to some extent, unpredictable. We analyse here the mainchallenges ahead in differentiating between effectiveness, at national and European level, andlegitimacy challenges.On the first issue, effectiveness, early evidence is that countries have adapted differently to the newprocedures depending on if they are 'old' or 'new' Member States; if their economic interests lieexclusively with the EU or not; and if they have strong or weak national fiscal frameworks. Second, itremains to be seen if an integrated legal text containing recommendations to correct the course of fiscal policy and intervene in individual markets through structural measures will end upstrengthening or weakening the overall economic-governance framework. The European Parliamentshould in this context become a forum in which information is exchanged for the sake of MemberStates. Its role as guardian in the relationship between the European Commission and the Councilshould be made more visible and effective. Clearer involvement of the European Parliament wouldalso reduce legitimacy concerns.To achieve these objectives, in this paper, we envisage a wider economic dialogue with the EuropeanSemester playing a central role. We envisage an Economic Dialogue with the Commission and thePresident of the European Council that largely mimics the European Central Bank's MonetaryDialogue. A strong role for the European Parliament will increase the effectiveness of EU economicgovernance, even if we suggest that its involvement is limited to specific stages along the Semestercycle. On the other hand, we find mixed results as regards the possibility of an increased or newcollaboration between National Parliaments and the European Parliament. The present briefing paperis a first investigation into the possible role of the European Parliament in the new emergingeconomic governance framework. A full study surveying also evidence on the actual experience of the first Semester cycle's follow-up will be delivered in 2012
- Label
- How effective and legitimate is the European semester? : increasing role of the European parliament
- Title
- How effective and legitimate is the European semester?
- Title remainder
- increasing role of the European parliament
- Language
- eng
- Cataloging source
- IT-FiEUI
- http://library.link/vocab/creatorName
- Marzinotto, Benedicta
- Index
- no index present
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
-
- Wolff, Guntram
- Hallerberg, Mark
- Bruegel
- Series statement
- Bruegel working papers
- Series volume
- 09
- Label
- How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource)
- Note
- The European Semester is a new six-month cycle in economic policy coordination in the EuropeanUnion that starts in January and finishes in June/July. It is based on two procedural innovations. Thefirst is a shift in the timing of the budgetary process. National Governments are asked to submit theirStability or Convergence Programmes before they are discussed by National Parliaments andtranslated into national legislation. The aim is to strengthen economic policy coordination acrosscountries by providing ex-ante guidance. The second institutional innovation is the alignment of thetiming of fiscal and structural reform plans. EU Member States are now asked to submit Stability orConvergence Programmes at the same time as their National Reform Programmes, implying thatMember States should pay more attention to complementarities and spill-over effects across policyareas.The Semester's objectives are ambitious and its interaction with the new emerging economicgovernance framework is complicated and, to some extent, unpredictable. We analyse here the mainchallenges ahead in differentiating between effectiveness, at national and European level, andlegitimacy challenges.On the first issue, effectiveness, early evidence is that countries have adapted differently to the newprocedures depending on if they are 'old' or 'new' Member States; if their economic interests lieexclusively with the EU or not; and if they have strong or weak national fiscal frameworks. Second, itremains to be seen if an integrated legal text containing recommendations to correct the course of fiscal policy and intervene in individual markets through structural measures will end upstrengthening or weakening the overall economic-governance framework. The European Parliamentshould in this context become a forum in which information is exchanged for the sake of MemberStates. Its role as guardian in the relationship between the European Commission and the Councilshould be made more visible and effective. Clearer involvement of the European Parliament wouldalso reduce legitimacy concerns.To achieve these objectives, in this paper, we envisage a wider economic dialogue with the EuropeanSemester playing a central role. We envisage an Economic Dialogue with the Commission and thePresident of the European Council that largely mimics the European Central Bank's MonetaryDialogue. A strong role for the European Parliament will increase the effectiveness of EU economicgovernance, even if we suggest that its involvement is limited to specific stages along the Semestercycle. On the other hand, we find mixed results as regards the possibility of an increased or newcollaboration between National Parliaments and the European Parliament. The present briefing paperis a first investigation into the possible role of the European Parliament in the new emergingeconomic governance framework. A full study surveying also evidence on the actual experience of the first Semester cycle's follow-up will be delivered in 2012
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier.
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent.
- Control code
- FIEb17007252
- Extent
- 40 pages.
- Media category
- computer
- Media MARC source
- rdamedia.
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (OCoLC)1088501004
- Label
- How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource)
- Note
- The European Semester is a new six-month cycle in economic policy coordination in the EuropeanUnion that starts in January and finishes in June/July. It is based on two procedural innovations. Thefirst is a shift in the timing of the budgetary process. National Governments are asked to submit theirStability or Convergence Programmes before they are discussed by National Parliaments andtranslated into national legislation. The aim is to strengthen economic policy coordination acrosscountries by providing ex-ante guidance. The second institutional innovation is the alignment of thetiming of fiscal and structural reform plans. EU Member States are now asked to submit Stability orConvergence Programmes at the same time as their National Reform Programmes, implying thatMember States should pay more attention to complementarities and spill-over effects across policyareas.The Semester's objectives are ambitious and its interaction with the new emerging economicgovernance framework is complicated and, to some extent, unpredictable. We analyse here the mainchallenges ahead in differentiating between effectiveness, at national and European level, andlegitimacy challenges.On the first issue, effectiveness, early evidence is that countries have adapted differently to the newprocedures depending on if they are 'old' or 'new' Member States; if their economic interests lieexclusively with the EU or not; and if they have strong or weak national fiscal frameworks. Second, itremains to be seen if an integrated legal text containing recommendations to correct the course of fiscal policy and intervene in individual markets through structural measures will end upstrengthening or weakening the overall economic-governance framework. The European Parliamentshould in this context become a forum in which information is exchanged for the sake of MemberStates. Its role as guardian in the relationship between the European Commission and the Councilshould be made more visible and effective. Clearer involvement of the European Parliament wouldalso reduce legitimacy concerns.To achieve these objectives, in this paper, we envisage a wider economic dialogue with the EuropeanSemester playing a central role. We envisage an Economic Dialogue with the Commission and thePresident of the European Council that largely mimics the European Central Bank's MonetaryDialogue. A strong role for the European Parliament will increase the effectiveness of EU economicgovernance, even if we suggest that its involvement is limited to specific stages along the Semestercycle. On the other hand, we find mixed results as regards the possibility of an increased or newcollaboration between National Parliaments and the European Parliament. The present briefing paperis a first investigation into the possible role of the European Parliament in the new emergingeconomic governance framework. A full study surveying also evidence on the actual experience of the first Semester cycle's follow-up will be delivered in 2012
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier.
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent.
- Control code
- FIEb17007252
- Extent
- 40 pages.
- Media category
- computer
- Media MARC source
- rdamedia.
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (OCoLC)1088501004
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/How-effective-and-legitimate-is-the-European/XAsLyQqFKlo/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/How-effective-and-legitimate-is-the-European/XAsLyQqFKlo/">How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/How-effective-and-legitimate-is-the-European/XAsLyQqFKlo/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/How-effective-and-legitimate-is-the-European/XAsLyQqFKlo/">How effective and legitimate is the European semester? : increasing role of the European parliament, (electronic resource)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>
