|Author (Person)||Angerer, Jost, Dias, Cristina Sofia, Grigaite, Kristina, Segall, Rebecca Sarah Fanny, Zoppe, Alice|
|Author (Corporate)||European Parliament: DG Internal Policies|
|Series Title||EPRS In-Depth Analysis|
|Series Details||PE 659.635|
|Publication Date||March 2021|
|Content Type||Research Paper|
Vice-President Dombrovskis and Commissioner Gentiloni have been invited to an Economic Dialogue on the fiscal part of the European Semester autumn package adopted by the Commission in November 2020. The fiscal elements of the package include the Commission Opinions on euro area 2021 Draft Budgetary Plans, the fiscal policy recommendation for the euro area and some elements of the 2021 Alert Mechanism Report.
In March 2020, the general escape clause of the Stability and Growth Pact was activated and the Commission and the Council are expected to reassess its duration soon. The Commission has announced that it will publish on 3 March guidance for the related discussions (“One year since the outbreak of COVID-19: fiscal policy response”).
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation, European Semester|
|International Organisations||European Union [EU]|