EU push for stricter economic governance

The 'six-pack' set of laws proposed by the European Commission in September 2010 revamping economic governance in the EU was backed by the European Parliament's Economics and Monetary Affairs Committee on the 19 April 2011.

A stronger policing role for the Europeam Commission, more transparent decision-making transparency, new sanctions, and restricting EU Member States' political wiggle room without choking off economically-beneficial spending are the key issues which MEPs will put to the EP-Council negotiations, which will start immediately.

[Note that these proposals are separate to the Pact for the Euro proposals relating also to European economic governance discussed by eurozone governments in the spring of 2011]

EUObserver, 20.4.11: A divided EU Parliament tightens measures to centralise economic decisions http://euobserver.com/9/32221

ESO: Background information: EU heads for battle over new budget rules http://www.europeansources.info/record/eu-heads-for-battle-over-new-budget-rules/

EurActiv, 20.4.11: Legislators back tougher rules to police EU countries' debt http://www.euractiv.com/euro-finance/meps-back-tougher-rules-police-debt-news-504195

European Commission: DG Economic and Financial Affairs: News: EU economic situation: A new EU economic governance - a comprehensive Commission package of proposals http://ec.europa.eu/economy_finance/articles/eu_economic_situation/2010-09-eu_economic_governance_proposals_en.htm

ESO: Background information: EU economic governance: The European Commission delivers a comprehensive package of legislative measures http://www.europeansources.info/record/press-release-eu-economic-governance-the-european-commission-delivers-a-comprehensive-package-of-legislative-measures/

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