About: two-pack

Economic governance 16-10-2018

Eurozone faces critical budget issue as Italy defies the rules

For the first time since post-crisis rules entered into force, all eurozone countries are to submit their draft budget plans to the European Commission, but the Commission could also make an unprecedented move itself: sending one of budgets back to where it came from, most likely, Rome. 
Euro & Finance 08-03-2016

Brussels piles pressure on Spain and Italy to balance their budgets

The European Commission will send a series of warnings to Spain, Italy, Finland, Romania and Belgium today (8 March) because of their “serious” deviations from agreed-on fiscal paths, EURACTIV.com has learned.
Future EU 28-02-2013

Key German judge backs EU budget vetting powers

The German constitution does not rule out giving an EU financial commissioner the power to ensure states stick to savings targets in their national budgets, the head of the Germany's top court said on Wednesday (27 February).
Future EU 20-02-2013

Brussels wins new powers over national budgets

The European Commission will check eurozone countries' draft budgets to verify whether they are in line with EU rules and will ask for changes if they are not, under a deal struck today (20 February) with the European Parliament, which adopted the so-called two-pack bundle of legislation.
Euro & Finance 14-06-2012

MEPs give green light to negotiate new fiscal discipline package

The European Parliament approved yesterday (13 June) an economic governance package that foresees setting up a redemption fund to help countries in financial trouble and gives more power to the EU to control national budgetary and economic policies. That gives a clear mandate to start negotiations with EU ministers that are expected to last for months.  
Euro & Finance 13-06-2012

MEPs to pass economic governance ‘two-pack’

  The new economic governance rules to strengthen eurozone budgetary discipline, known as the ‘two-pack’, are expected to be passed in a vote today (13 June) in the European Parliament.