What role for the European Semester in the recovery plan?
In this paper, the author looks at the implications arising from the focus of the Recovery and Resilience Plans in the context of the European Semeste
This study was prepared for the European Parliament’s ECON Committee. The study is on the European Parliament’s online database, ‘‘. Copyright remains with the European Parliament at all times.
Accessing funds of the EU’s Recovery and Resilience Facility (RRF) depends on detailed national Recovery and Resilience Plans (RRPs) being agreed upon, and projects meeting implementation milestones. The RRPs will be embedded in the European Semester, the EU’s framework for economic policy coordination.
This paper suggests that there are risks to the implementation of the RRPs, and/or to an objective evaluation of their progress. While the Treaty specifies that the execution of economic policy coordination shall be done by the Member States within the Council, the involvement of the European Parliament would potentially increase transparency and accountability for national policy makers (as well as the Commission and Council), which could improve project delivery and thus benefit the recovery.
This document was provided by the Economic Governance Support Unit and Policy Department A at the request of the ECON Committee.
Related content
Greening Europe’s post-COVID-19 recovery
This Blueprint includes some of the Group’s most prominent voices on the different aspects of the multidimensional issue of green recovery.
Global Economic Resilience: Building Forward Better
A roadmap for systemic economic reform calling for step-change in global economic governance to increase resilience and build forward better from econ
The post-coronavirus fiscal policy questions Europe must answer
Europe’s policymakers will have to take a series of decisions in the months ahead, in order to reinstate, and possibly reform, the bloc’s fiscal ruleb
Can the gap in the Europe’s internal market for banking services be bridged?
The European Union has made significant progress to a more unified banking market but frictions remain between euro and non-euro countries. Without a