BETA


2001/2081(COS) Broad guidelines of the economic policies of the Member States and the Community for 2001

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON VON WOGAU Karl (icon: PPE-DE PPE-DE)
Committee Opinion EMPL WEILER Barbara (icon: PES PES)
Lead committee dossier:
Legal Basis:
RoP 142

Events

2002/02/21
   EC - Follow-up document
2002/02/07
   Final act published in Official Journal
2001/10/08
   CSL - Debate in Council
Documents
2001/10/08
   CSL - Council Meeting
2001/06/15
   CSL - Supplementary non-legislative basic document
Documents
2001/06/15
   EU - Implementing legislative act
Details

LEGISLATIVE ACT : Council Recommendation 2001/483/EC on the broad guidelines of the Economic Policies of the Member States and the Community.

CONTENY : The 2001 Broad Economic Policy Guidelines (BEPGs) confirm the existing policy strategy and extend it further in the light of the results of the Stockholm European Council (23-24 March 2001). There it was emphasised that the Union and the Member States are fully committed to the goal of full employment and see it as an important way of meeting the challenge of ageing populations. It was also stressed that the promotion of sustainable development should be integrated in the BEPGs. Looking ahead, the EU and the euro area face a number of key challenges in the short, medium, and longer term.

The short-term challenge: preserving the expansion in growth and jobs - The immediate task ahead is to maintain strong economic performance in a context of less supportive global economic conditions. The EU and the euro area will have to rely increasingly on their own strengths. Growth- and stability-oriented macro-economic policies and comprehensive structural reforms are crucial to maintain and further enhance internal growth dynamics. They will underpin business and consumer confidence. Budgetary policies should contribute to avoiding excess demand and inflationary pressures, and wage moderation needs to be sustained. This is supporting price stability and can facilitate monetary conditions conducive to economic growth and continued employment creation. In particular, budgetary policies should continue to be geared to the achievement of budgetary positions close to balance or in surplus. Preserving the hard-won macroeconomic stability and extending it into the future is essential. Pressures to increase government expenditure and reduce taxes could put budgetary positions in jeopardy. Furthermore, wage pressures have arisen in some Member States, sparked by emerging labour market bottlenecks and demands for compensation for the recent increase in headline inflation and past moderation.

The medium-term challenge: improving the basis for future growth and employment - The growth performance since 1997 has to be seen in a context of a cyclical recovery where slack could be used up. While potential output growth may well have improved over recent years as a result of productivity gains fostered by improved market functioning and new information and communication technologies, it is still considered to be insufficient to sustain growth rates of around 3 per cent over an extended period of time. Sustaining the expansion will therefore hinge on a permanent increase of potential growth. Policies should concentrate on creating the right conditions for the efficient use of productive and natural resources and for their enhancement over time. In particular, policies should contribute to improved market functioning by addressing market imperfections or failure due to the existence of externalities, market power, imperfect information or the regulatory environment.

To promote an increase in the labour supply, it is necessary to make sure that the regulatory framework encourages people to enter into or remain in the labour market. In particular, tax and benefit schemes should be further reformed to strengthen financial incentives for people to take up or stay in a job. A switch to focused active policies is needed to enhance the opportunities of unemployed and inactive persons. Active labour market policies also promote social inclusion. The more efficient use of the European labour force as a whole should also be achieved through the reduction of barriers to labour mobility within and between Member States, particularly with a view to tackling skills bottlenecks. Moreover, life-long learning should be fostered with a view to encouraging participation in the labour force and to enhancing the flexibility and adjustment capacity of the labour force.

Furthermore, well-functioning, competitive and integrated product and capital markets will contribute by making sure that resources are put to their best possible use. In this context, there is a need to enhance competition in goods and services markets and, in particular, in utilities and financial services. To this end, action at Community level should focus on completing the internal market, especially in services included in the financial sector and in network industries.

The longer-term challenge: preparing for the impact of ageing populations - the need for growth- and stability-oriented macroeconomic policies and comprehensive economic reforms aimed in particular at increasing labour supply is amplified by the challenge posed by ageing populations that is visible on the horizon. On present trends, the EU's working age population will fall by approximately 40 million people between 2015 and 2050 and the old age dependency ratio will roughly double over the next five decades. Member States need to develop comprehensive strategies for addressing the economic and budgetary challenges posed by ageing populations. Strategy measures might include reform of pension and health care systems, and care for the elderly, increasing the effective retirement age, stimulating higher labour supply participation, especially for older workers, setting up and increasing public pension fund reserves and possibly encouraging the expansion of supplementary privately-funded pension schemes (pillars 2 and 3).

The main components of t he policy strategy both at macro and microeconomic level to deal effectively with these key challenges are as follows:

- ensure growth- and stability-oriented macroeconomic policies;

-improve the quality and sustainability of public finances;

-invigorate labour markets;

-ensure efficient product (goods and services) markets;

-promote the efficiency and integration of the EU financial services market;

-encourage entrepreneurship;

-foster the knowledge-based economy; and

-enhance environmental sustainability.

2001/06/15
   CSL - Resolution/conclusions adopted by Council
2001/06/15
   CSL - Council Meeting
2001/06/11
   CSL - Debate in Council
Documents
2001/06/11
   CSL - Council Meeting
2001/06/05
   CSL - Debate in Council
Documents
2001/06/05
   CSL - Council Meeting
2001/05/31
   ESC - Economic and Social Committee: opinion, report
2001/05/15
   EP - Text adopted by Parliament, single reading
2001/05/15
   EP - Debate in Parliament
2001/05/15
   EP - Decision by Parliament
Documents
2001/05/15
   EP - End of procedure in Parliament
2001/05/07
   CSL - Debate in Council
Documents
2001/05/07
   CSL - Council Meeting
2001/05/02
   EP - Committee report tabled for plenary, single reading
Documents
2001/05/02
   EP - Committee referral announced in Parliament
2001/05/02
   EP - Vote in committee
2001/05/01
   EP - Committee report tabled for plenary
Documents
2001/04/25
   EC - Non-legislative basic document
2001/04/24
   EC - Non-legislative basic document published
2001/03/27
   EC - Document attached to the procedure
2001/03/15
   EP - WEILER Barbara (PES) appointed as rapporteur in EMPL
2000/12/27
   EC - Document attached to the procedure
2000/12/22
   EC - Document attached to the procedure
2000/11/06
   EP - VON WOGAU Karl (PPE-DE) appointed as rapporteur in ECON

Documents

  • Follow-up document: COM(2002)0093
  • Follow-up document: EUR-Lex
  • Debate in Council: 2373
  • Supplementary non-legislative basic document: 09326/2001
  • Implementing legislative act: OJ L 179 02.07.2001, p. 0001
  • Implementing legislative act: 32001H0483
  • Debate in Council: 2357
  • Debate in Council: 2353
  • Economic and Social Committee: opinion, report: CES0727/2001
  • Economic and Social Committee: opinion, report: OJ C 221 07.08.2001, p. 0177
  • Text adopted by Parliament, single reading: T5-0251/2001
  • Text adopted by Parliament, single reading: OJ C 034 07.02.2002, p. 0028-0157 E
  • Debate in Parliament: Debate in Parliament
  • Decision by Parliament: T5-0251/2001
  • Debate in Council: 2345
  • Committee report tabled for plenary, single reading: A5-0165/2001
  • Committee report tabled for plenary: A5-0165/2001
  • Non-legislative basic document: EUR-Lex
  • Non-legislative basic document: COM(2001)0224
  • Non-legislative basic document published: EUR-Lex
  • Non-legislative basic document published: COM(2001)0224
  • Document attached to the procedure: EUR-Lex
  • Document attached to the procedure: COM(2001)0105
  • Document attached to the procedure: EUR-Lex
  • Document attached to the procedure: COM(2000)0881
  • Document attached to the procedure: EUR-Lex
  • Document attached to the procedure: SEC(2000)2340
  • Document attached to the procedure: EUR-Lex SEC(2000)2340
  • Document attached to the procedure: EUR-Lex COM(2000)0881
  • Document attached to the procedure: EUR-Lex COM(2001)0105
  • Non-legislative basic document: EUR-Lex COM(2001)0224
  • Committee report tabled for plenary, single reading: A5-0165/2001
  • Text adopted by Parliament, single reading: T5-0251/2001 OJ C 034 07.02.2002, p. 0028-0157 E
  • Economic and Social Committee: opinion, report: CES0727/2001 OJ C 221 07.08.2001, p. 0177
  • Supplementary non-legislative basic document: 09326/2001
  • Implementing legislative act: OJ L 179 02.07.2001, p. 0001 32001H0483
  • Follow-up document: COM(2002)0093 EUR-Lex

History

(these mark the time of scraping, not the official date of the change)

docs/3
date
2001-04-25T00:00:00
docs
summary
type
Non-legislative basic document
body
EC
docs/3
date
2001-04-23T00:00:00
docs
title: PE295.994
type
Committee draft report
body
EP
docs/4
date
2001-04-23T00:00:00
docs
title: PE295.994/B
type
Committee draft report
body
EP
docs/5
date
2001-04-23T00:00:00
docs
title: PE295.994/AM
type
Amendments tabled in committee
body
EP
docs/6
date
2001-05-31T00:00:00
docs
type
Economic and Social Committee: opinion, report
body
ESC
docs/6
date
2001-04-25T00:00:00
docs
title: PE300.519/DEF
committee
EMPL
type
Committee opinion
body
EP
docs/6/docs/1/url
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:2001:221:TOC
New
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:2001:221:SOM:EN:HTML
docs/8
date
2001-06-15T00:00:00
docs
summary
type
Implementing legislative act
body
EU
docs/8/docs/0/url
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2001:179:TOC
New
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:2001:179:SOM:EN:HTML
docs/9
date
2001-05-31T00:00:00
docs
type
Economic and Social Committee: opinion, report
body
ESC
docs/9
date
2002-02-21T00:00:00
docs
summary
type
Follow-up document
body
EC
docs/9/docs/0/url
Old
http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2002/0093/COM_COM(2002)0093_EN.pdf
New
http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2002/0093/COM_COM(2002)0093_EN.pdf
docs/11
date
2001-06-15T00:00:00
docs
summary
type
Implementing legislative act
body
EU
docs/12
date
2002-02-21T00:00:00
docs
summary
type
Follow-up document
body
EC
events/0/date
Old
2001-04-25T00:00:00
New
2001-04-24T00:00:00
events/3/date
Old
2001-05-02T00:00:00
New
2001-05-01T00:00:00
docs/7/docs/0/url
Old
http://www.europarl.europa.eu/doceo/document/A-5-2001-0165_EN.html
New
https://www.europarl.europa.eu/doceo/document/A-5-2001-0165_EN.html
docs/8/docs/0/url
Old
http://www.europarl.europa.eu/doceo/document/TA-5-2001-0251_EN.html
New
https://www.europarl.europa.eu/doceo/document/TA-5-2001-0251_EN.html
docs/9
date
2001-05-31T00:00:00
docs
type
Economic and Social Committee: opinion, report
body
ESC
docs/9
date
2001-05-31T00:00:00
docs
type
Economic and Social Committee: opinion, report
body
ESC
docs/12/docs/0/url
Old
http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2002/0093/COM_COM(2002)0093_EN.pdf
New
http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/com/2002/0093/COM_COM(2002)0093_EN.pdf
events/1/type
Old
Committee referral announced in Parliament, 1st reading/single reading
New
Committee referral announced in Parliament
events/2/type
Old
Vote in committee, 1st reading/single reading
New
Vote in committee
events/3
date
2001-05-02T00:00:00
type
Committee report tabled for plenary
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/A-5-2001-0165_EN.html title: A5-0165/2001
events/3
date
2001-05-02T00:00:00
type
Committee report tabled for plenary, single reading
body
EP
docs
url: http://www.europarl.europa.eu/doceo/document/A-5-2001-0165_EN.html title: A5-0165/2001
events/5/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20010515&type=CRE
New
https://www.europarl.europa.eu/doceo/document/EN&reference=20010515&type=CRE
events/6
date
2001-05-15T00:00:00
type
Decision by Parliament
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/TA-5-2001-0251_EN.html title: T5-0251/2001
summary
events/6
date
2001-05-15T00:00:00
type
Decision by Parliament, 1st reading/single reading
body
EP
docs
url: http://www.europarl.europa.eu/doceo/document/TA-5-2001-0251_EN.html title: T5-0251/2001
summary
procedure/legal_basis/0
Rules of Procedure EP 142
procedure/legal_basis/0
Rules of Procedure EP 132
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Economic and Monetary Affairs
committee
ECON
rapporteur
name: VON WOGAU Karl date: 2000-11-06T00:00:00 group: European People's Party (Christian Democrats) and European Democrats abbr: PPE-DE
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Economic and Monetary Affairs
committee
ECON
date
2000-11-06T00:00:00
rapporteur
name: VON WOGAU Karl group: European People's Party (Christian Democrats) and European Democrats abbr: PPE-DE
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Employment and Social Affairs
committee
EMPL
rapporteur
name: WEILER Barbara date: 2001-03-15T00:00:00 group: Party of European Socialists abbr: PES
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Employment and Social Affairs
committee
EMPL
date
2001-03-15T00:00:00
rapporteur
name: WEILER Barbara group: Party of European Socialists abbr: PES
docs/7/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2001-165&language=EN
New
http://www.europarl.europa.eu/doceo/document/A-5-2001-0165_EN.html
docs/8/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2001-251
New
http://www.europarl.europa.eu/doceo/document/TA-5-2001-0251_EN.html
docs/9/docs/1/url
Old
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:2001:221:TOC
New
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:C:2001:221:SOM:EN:HTML
docs/11/docs/0/url
Old
https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:2001:179:SOM:EN:HTML
New
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2001:179:TOC
events/3/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2001-165&language=EN
New
http://www.europarl.europa.eu/doceo/document/A-5-2001-0165_EN.html
events/6/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2001-251
New
http://www.europarl.europa.eu/doceo/document/TA-5-2001-0251_EN.html
activities
  • date: 2001-04-25T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2001&nu_doc=224 title: COM(2001)0224 type: Non-legislative basic document published celexid: CELEX:52001PC0224:EN body: EC commission: DG: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs type: Non-legislative basic document published
  • body: EP committees: body: EP responsible: True committee: ECON date: 2000-11-06T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PPE-DE name: VON WOGAU Karl body: EP responsible: False committee: EMPL date: 2001-03-15T00:00:00 committee_full: Employment and Social Affairs rapporteur: group: PSE name: WEILER Barbara docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2001-165&language=EN type: Committee report tabled for plenary, single reading title: A5-0165/2001 date: 2001-05-02T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading
  • body: CSL meeting_id: 2345 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2345*&MEET_DATE=07/05/2001 type: Debate in Council title: 2345 council: Economic and Financial Affairs ECOFIN date: 2001-05-07T00:00:00 type: Council Meeting
  • date: 2001-05-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20010515&type=CRE type: Debate in Parliament title: Debate in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2001-251 type: Decision by Parliament, 1st reading/single reading title: T5-0251/2001 body: EP type: Debate in Parliament
  • body: CSL meeting_id: 2353 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2353*&MEET_DATE=05/06/2001 type: Debate in Council title: 2353 council: Economic and Financial Affairs ECOFIN date: 2001-06-05T00:00:00 type: Council Meeting
  • body: CSL meeting_id: 2357 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2357*&MEET_DATE=11/06/2001 type: Debate in Council title: 2357 council: Employment, Social Policy, Health and Consumer Affairs date: 2001-06-11T00:00:00 type: Council Meeting
  • date: 2001-06-15T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2358
  • body: CSL meeting_id: 2373 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2373*&MEET_DATE=08/10/2001 type: Debate in Council title: 2373 council: Employment, Social Policy, Health and Consumer Affairs date: 2001-10-08T00:00:00 type: Council Meeting
  • date: 2002-02-07T00:00:00 type: Final act published in Official Journal
commission
  • body: EC dg: Economic and Financial Affairs commissioner: --
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Economic and Monetary Affairs
committee
ECON
date
2000-11-06T00:00:00
rapporteur
name: VON WOGAU Karl group: European People's Party (Christian Democrats) and European Democrats abbr: PPE-DE
committees/0
body
EP
responsible
True
committee
ECON
date
2000-11-06T00:00:00
committee_full
Economic and Monetary Affairs
rapporteur
group: PPE-DE name: VON WOGAU Karl
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Employment and Social Affairs
committee
EMPL
date
2001-03-15T00:00:00
rapporteur
name: WEILER Barbara group: Party of European Socialists abbr: PES
committees/1
body
EP
responsible
False
committee
EMPL
date
2001-03-15T00:00:00
committee_full
Employment and Social Affairs
rapporteur
group: PSE name: WEILER Barbara
council
  • body: CSL type: Council Meeting council: Employment, Social Policy, Health and Consumer Affairs meeting_id: 2373 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2373*&MEET_DATE=08/10/2001 date: 2001-10-08T00:00:00
  • body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2358 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2358*&MEET_DATE=15/06/2001 date: 2001-06-15T00:00:00
  • body: CSL type: Council Meeting council: Employment, Social Policy, Health and Consumer Affairs meeting_id: 2357 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2357*&MEET_DATE=11/06/2001 date: 2001-06-11T00:00:00
  • body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2353 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2353*&MEET_DATE=05/06/2001 date: 2001-06-05T00:00:00
  • body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2345 url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2345*&MEET_DATE=07/05/2001 date: 2001-05-07T00:00:00
docs
  • date: 2000-12-22T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=SECfinal&an_doc=2000&nu_doc=2340 title: EUR-Lex title: SEC(2000)2340 type: Document attached to the procedure body: EC
  • date: 2000-12-27T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2000&nu_doc=881 title: EUR-Lex title: COM(2000)0881 summary: type: Document attached to the procedure body: EC
  • date: 2001-03-27T00:00:00 docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2001&nu_doc=105 title: EUR-Lex title: COM(2001)0105 summary: type: Document attached to the procedure body: EC
  • date: 2001-04-23T00:00:00 docs: title: PE295.994 type: Committee draft report body: EP
  • date: 2001-04-23T00:00:00 docs: title: PE295.994/B type: Committee draft report body: EP
  • date: 2001-04-23T00:00:00 docs: title: PE295.994/AM type: Amendments tabled in committee body: EP
  • date: 2001-04-25T00:00:00 docs: title: PE300.519/DEF committee: EMPL type: Committee opinion body: EP
  • date: 2001-05-02T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2001-165&language=EN title: A5-0165/2001 type: Committee report tabled for plenary, single reading body: EP
  • date: 2001-05-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2001-251 title: T5-0251/2001 title: OJ C 034 07.02.2002, p. 0028-0157 E summary: type: Text adopted by Parliament, single reading body: EP
  • date: 2001-05-31T00:00:00 docs: url: https://dm.eesc.europa.eu/EESCDocumentSearch/Pages/redresults.aspx?k=(documenttype:AC)(documentnumber:0727)(documentyear:2001)(documentlanguage:EN) title: CES0727/2001 url: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:C:2001:221:TOC title: OJ C 221 07.08.2001, p. 0177 type: Economic and Social Committee: opinion, report body: ESC
  • date: 2001-06-15T00:00:00 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=ADV&RESULTSET=1&DOC_ID=9326%2F01&DOC_LANCD=EN&ROWSPP=25&NRROWS=500&ORDERBY=DOC_DATE+DESC title: 09326/2001 summary: type: Supplementary non-legislative basic document body: CSL
  • date: 2001-06-15T00:00:00 docs: url: https://eur-lex.europa.eu/JOHtml.do?uri=OJ:L:2001:179:SOM:EN:HTML title: OJ L 179 02.07.2001, p. 0001 title: 32001H0483 summary: LEGISLATIVE ACT : Council Recommendation 2001/483/EC on the broad guidelines of the Economic Policies of the Member States and the Community. CONTENY : The 2001 Broad Economic Policy Guidelines (BEPGs) confirm the existing policy strategy and extend it further in the light of the results of the Stockholm European Council (23-24 March 2001). There it was emphasised that the Union and the Member States are fully committed to the goal of full employment and see it as an important way of meeting the challenge of ageing populations. It was also stressed that the promotion of sustainable development should be integrated in the BEPGs. Looking ahead, the EU and the euro area face a number of key challenges in the short, medium, and longer term. The short-term challenge: preserving the expansion in growth and jobs - The immediate task ahead is to maintain strong economic performance in a context of less supportive global economic conditions. The EU and the euro area will have to rely increasingly on their own strengths. Growth- and stability-oriented macro-economic policies and comprehensive structural reforms are crucial to maintain and further enhance internal growth dynamics. They will underpin business and consumer confidence. Budgetary policies should contribute to avoiding excess demand and inflationary pressures, and wage moderation needs to be sustained. This is supporting price stability and can facilitate monetary conditions conducive to economic growth and continued employment creation. In particular, budgetary policies should continue to be geared to the achievement of budgetary positions close to balance or in surplus. Preserving the hard-won macroeconomic stability and extending it into the future is essential. Pressures to increase government expenditure and reduce taxes could put budgetary positions in jeopardy. Furthermore, wage pressures have arisen in some Member States, sparked by emerging labour market bottlenecks and demands for compensation for the recent increase in headline inflation and past moderation. The medium-term challenge: improving the basis for future growth and employment - The growth performance since 1997 has to be seen in a context of a cyclical recovery where slack could be used up. While potential output growth may well have improved over recent years as a result of productivity gains fostered by improved market functioning and new information and communication technologies, it is still considered to be insufficient to sustain growth rates of around 3 per cent over an extended period of time. Sustaining the expansion will therefore hinge on a permanent increase of potential growth. Policies should concentrate on creating the right conditions for the efficient use of productive and natural resources and for their enhancement over time. In particular, policies should contribute to improved market functioning by addressing market imperfections or failure due to the existence of externalities, market power, imperfect information or the regulatory environment. To promote an increase in the labour supply, it is necessary to make sure that the regulatory framework encourages people to enter into or remain in the labour market. In particular, tax and benefit schemes should be further reformed to strengthen financial incentives for people to take up or stay in a job. A switch to focused active policies is needed to enhance the opportunities of unemployed and inactive persons. Active labour market policies also promote social inclusion. The more efficient use of the European labour force as a whole should also be achieved through the reduction of barriers to labour mobility within and between Member States, particularly with a view to tackling skills bottlenecks. Moreover, life-long learning should be fostered with a view to encouraging participation in the labour force and to enhancing the flexibility and adjustment capacity of the labour force. Furthermore, well-functioning, competitive and integrated product and capital markets will contribute by making sure that resources are put to their best possible use. In this context, there is a need to enhance competition in goods and services markets and, in particular, in utilities and financial services. To this end, action at Community level should focus on completing the internal market, especially in services included in the financial sector and in network industries. The longer-term challenge: preparing for the impact of ageing populations - the need for growth- and stability-oriented macroeconomic policies and comprehensive economic reforms aimed in particular at increasing labour supply is amplified by the challenge posed by ageing populations that is visible on the horizon. On present trends, the EU's working age population will fall by approximately 40 million people between 2015 and 2050 and the old age dependency ratio will roughly double over the next five decades. Member States need to develop comprehensive strategies for addressing the economic and budgetary challenges posed by ageing populations. Strategy measures might include reform of pension and health care systems, and care for the elderly, increasing the effective retirement age, stimulating higher labour supply participation, especially for older workers, setting up and increasing public pension fund reserves and possibly encouraging the expansion of supplementary privately-funded pension schemes (pillars 2 and 3). The main components of t he policy strategy both at macro and microeconomic level to deal effectively with these key challenges are as follows: - ensure growth- and stability-oriented macroeconomic policies; -improve the quality and sustainability of public finances; -invigorate labour markets; -ensure efficient product (goods and services) markets; -promote the efficiency and integration of the EU financial services market; -encourage entrepreneurship; -foster the knowledge-based economy; and -enhance environmental sustainability. type: Implementing legislative act body: EU
  • date: 2002-02-21T00:00:00 docs: url: http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2002/0093/COM_COM(2002)0093_EN.pdf title: COM(2002)0093 url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2002&nu_doc=93 title: EUR-Lex summary: type: Follow-up document body: EC
events
  • date: 2001-04-25T00:00:00 type: Non-legislative basic document published body: EC docs: url: https://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2001&nu_doc=224 title: EUR-Lex title: COM(2001)0224 summary:
  • date: 2001-05-02T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2001-05-02T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary:
  • date: 2001-05-02T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2001-165&language=EN title: A5-0165/2001
  • date: 2001-05-07T00:00:00 type: Debate in Council body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2345*&MEET_DATE=07/05/2001 title: 2345
  • date: 2001-05-15T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20010515&type=CRE title: Debate in Parliament
  • date: 2001-05-15T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2001-251 title: T5-0251/2001 summary:
  • date: 2001-05-15T00:00:00 type: End of procedure in Parliament body: EP
  • date: 2001-06-05T00:00:00 type: Debate in Council body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2353*&MEET_DATE=05/06/2001 title: 2353 summary:
  • date: 2001-06-11T00:00:00 type: Debate in Council body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2357*&MEET_DATE=11/06/2001 title: 2357
  • date: 2001-06-15T00:00:00 type: Resolution/conclusions adopted by Council body: CSL
  • date: 2001-10-08T00:00:00 type: Debate in Council body: CSL docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2373*&MEET_DATE=08/10/2001 title: 2373
  • date: 2002-02-07T00:00:00 type: Final act published in Official Journal
links
other
  • body: CSL type: Council Meeting council: Former Council configuration
  • body: EC dg: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs
procedure/dossier_of_the_committee
Old
ECON/5/14410
New
  • ECON/5/14410
procedure/legal_basis/0
Rules of Procedure EP 132
procedure/legal_basis/0
Rules of Procedure of the European Parliament EP 132
procedure/subject
Old
  • 5.10.01 Convergence of economic policies, public deficit, interest rates
New
5.10.01
Convergence of economic policies, public deficit, interest rates
activities
  • date: 2001-04-25T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2001&nu_doc=224 title: COM(2001)0224 type: Non-legislative basic document published celexid: CELEX:52001PC0224:EN body: EC commission: DG: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs type: Non-legislative basic document published
  • body: EP committees: body: EP responsible: True committee: ECON date: 2000-11-06T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PPE-DE name: VON WOGAU Karl body: EP responsible: False committee: EMPL date: 2001-03-15T00:00:00 committee_full: Employment and Social Affairs rapporteur: group: PSE name: WEILER Barbara docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A5-2001-165&language=EN type: Committee report tabled for plenary, single reading title: A5-0165/2001 date: 2001-05-02T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading
  • body: CSL meeting_id: 2345 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2345*&MEET_DATE=07/05/2001 type: Debate in Council title: 2345 council: Economic and Financial Affairs ECOFIN date: 2001-05-07T00:00:00 type: Council Meeting
  • date: 2001-05-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20010515&type=CRE type: Debate in Parliament title: Debate in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P5-TA-2001-251 type: Decision by Parliament, 1st reading/single reading title: T5-0251/2001 body: EP type: Debate in Parliament
  • body: CSL meeting_id: 2353 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2353*&MEET_DATE=05/06/2001 type: Debate in Council title: 2353 council: Economic and Financial Affairs ECOFIN date: 2001-06-05T00:00:00 type: Council Meeting
  • body: CSL meeting_id: 2357 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2357*&MEET_DATE=11/06/2001 type: Debate in Council title: 2357 council: Employment, Social Policy, Health and Consumer Affairs date: 2001-06-11T00:00:00 type: Council Meeting
  • date: 2001-06-15T00:00:00 body: CSL type: Council Meeting council: Economic and Financial Affairs ECOFIN meeting_id: 2358
  • body: CSL meeting_id: 2373 docs: url: http://register.consilium.europa.eu/content/out?lang=EN&typ=SET&i=SMPL&ROWSPP=25&RESULTSET=1&NRROWS=500&DOC_LANCD=EN&ORDERBY=DOC_DATE+DESC&CONTENTS=2373*&MEET_DATE=08/10/2001 type: Debate in Council title: 2373 council: Employment, Social Policy, Health and Consumer Affairs date: 2001-10-08T00:00:00 type: Council Meeting
  • date: 2002-02-07T00:00:00 type: Final act published in Official Journal
committees
  • body: EP responsible: True committee: ECON date: 2000-11-06T00:00:00 committee_full: Economic and Monetary Affairs rapporteur: group: PPE-DE name: VON WOGAU Karl
  • body: EP responsible: False committee: EMPL date: 2001-03-15T00:00:00 committee_full: Employment and Social Affairs rapporteur: group: PSE name: WEILER Barbara
links
other
  • body: CSL type: Council Meeting council: Former Council configuration
  • body: EC dg: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs
procedure
dossier_of_the_committee
ECON/5/14410
reference
2001/2081(COS)
title
Broad guidelines of the economic policies of the Member States and the Community for 2001
legal_basis
Rules of Procedure of the European Parliament EP 132
stage_reached
Procedure completed
subtype
Commission strategy paper
type
COS - Procedure on a strategy paper (historic)
subject
5.10.01 Convergence of economic policies, public deficit, interest rates