Procedure completed
Role | Committee | Rapporteur | Shadows |
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Lead | ECON | GASÒLIBA I BÖHM Carles-Alfred (ELDR) |
Legal Basis RoP 132
Activites
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1997/12/22
Final act published in Official Journal
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1997/12/04
Debate in Parliament
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T4-0599/1997
summary
In adopting the report by Mr Carles-Alfred GASOLIBA I BÖHM (ELDR, E) Parliament took the view that increasing real convergence among the economies of the Member States, in particular through closer coordination of their economic policies, was vital to the cohesion and stability of the European Union. The strengthening of such coordination should be based on a three-fold approach: - clearing the way for the adoption of a coherent and effective economic policy at Union level; - ensuring a democratic public debate on European economic choices; - improving the decision-making process, its effectiveness and its transparency. Parliament proposed that the recommendation for the broad guidelines of the economic policies should: - ensure that the monetary pillars of EMU were counter-balanced by an economic pillar; - determine the orientative targets for growth, inflation and public spending on investment in order to establish a policy mix conducive to growth and employment; - incorporate the economic policies linked to the internal market; - take account of the objectives laid down when the guidelines for employment are drawn up. Parliament took note of the possible creation of a Euro Council but was concerned as to the intergovernmental nature of this proposal and urged that even if the structure was an informal one the Commission should participate in it to the full extent of its competences. Parliament stressed that the strengthening of the coordination of economic policies must go together with better democratic supervision. It called in particular for its active and formal participation in the process of supervising the management of EMU. It called for the establishment of genuine dialogue between the social partners on the economic guidelines establishing, for example, an annual conference involving the social partners which would enable them to give their views on the broad economic guidelines envisaged. Lastly, it called on the Member States to offer their parliaments the best possible arrangements at national level for participating in the discussions on the framing of the broad guidelines of the economic policies of the Member States and the Community. �
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T4-0599/1997
summary
- #2053
- 1997/12/01 Council Meeting
- 1997/11/26 Vote in committee, 1st reading/single reading
- #2044
- 1997/11/17 Council Meeting
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1997/11/06
Committee referral announced in Parliament, 1st reading/single reading
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1997/09/22
Non-legislative basic document published
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N4-0574/1997
summary
OBJECTIVE: this memorandum to the Committee on Monetary Affairs seeks to improve economic policy coordination during stage 3 of Economic and Monetary Union. CONTENT: in response to the mandate issued by the European Council at Amsterdam, the Commission and the Council have continued discussions on how to improve economic policy coordination during stage 3 of EMU. A broad consensus has emerged on a number of points during these discussions: 1) there is a real need for greater economic policy coordination in accordance with the principles and procedures provided for in the Treaty; 2) the Treaty already provides a wide range of instruments for successful coordination; 3) the ECOFIN Council should continue to be the cornerstone of economic coordination; 4) the countries in the euro zone should be able to meet on an informal basis with a view to discussing matters of specific interest to these countries. The way forward is therefore to find ways of making the coordination instruments and procedures already provided more efficient, strengthening the coordination role of the ECOFIN Council and setting out the role, content and procedure for informal meetings between countries in the euro zone.�
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N4-0574/1997
summary
Documents
- Non-legislative basic document published: N4-0574/1997
- Debate in Council: 2044
- Committee report tabled for plenary, single reading: A4-0378/1997
- Debate in Council: 2053
- Decision by Parliament, 1st reading/single reading: T4-0599/1997
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