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)

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
Creator
Contributor
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)
Link
http://bruegel.org/publications/
Instantiates
Publication
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)
Link
http://bruegel.org/publications/
Publication
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

Library Locations

    • Badia FiesolanaBorrow it
      Via dei Roccettini 9, San Domenico di Fiesole, 50014, IT
      43.803074 11.283055
Processing Feedback ...