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Lesson 2: EU Treaties, Institutions and Decision making of the European Union

2.2 The economic gobernace of the Euro Area

Wednesday 23 August 2023, by Carlos San Juan


Introduction to the Economic and political integration process. The institutional reforms and the basic economic institutions. The economic governance of the euro area. The European Stability Mechanism.

Economic and political integration is often identified with a decrease in the sovereignty of the states and an increase in the influence of the supranational central authority.

1. Institutions of the EU

The Treaties entrust the operation of the EU (European Union) to 6 principal institutions:

1. Council of the EU

2. Commission

3. European Parliament

4. Court of Justice

5. Court of Auditors

6. European Council

7.1 EU Evolution

7.2. From the European Community to the European Union (History)

7.3. European Union Institutions

7.4. An Overview of the Process of European Integration

7.5. Economic and Monetary Union: the next steps

2.2 THE ECONOMIC GOVERNANCE OF THE EURO AREA

1. Stability and Growth Pact, SGP

2. Budgetary coordination

3. Macroeconomic imbalance procedure

4. Country-Specific Recommendations

5. European Stability Mechanism, ESM

2.3.1 REFORM OF THE EUROPEAN STABILITY MECHANISM, ESM INFOGRAFIA PDF

1. What is the ESM?

2. What changes amended the ESM in the Treaty?

3. How will the reform enter into force?

ESM

COMPLEMENTARY READINGS

The Commission assessment during the economic semester of the Spanish economy in 2022 Spain country report

Attached documents

  • PDF 2.1 Institutions of the EU 1. Council of the EU

    2. Commission

    3. European Parliament

    4. Court of Justice

    5. Court of Auditors

    6. European Council

    7.1 EU Evolution

    7.2. From the European Community to the European Union (History)

    7.3. European Union Institutions

    7.4. An Overview of the Process of European Integration

    7.5. Economic and Monetary Union: the next steps

  • 1. Stability and Growth Pact, SGP

    2. Budgetary coordination

    3. Macroeconomic imbalance procedure

    4. Country-Specific Recommendations

    5. European Stability Mechanism, ESM

  • 2.3.1 REFORM OF THE EUROPEAN STABILITY MECHANISM, ESM INFOGRAFIA PDF 1. What is the ESM?

    2. What changes amended the ESM in the Treaty?

    3. How will the reform enter into force?


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