![]() ![]() This audit brings together lessons learned from progress towards Europe 2020 targets, implementation of Country Specific Recommendations (CSRs), their formulation and follow-up. We examined whether the Commission was effectively implementing the European Semester procedures for strengthening the surveillance of Member States policies as set out in Regulation (EU) No 1466/97 (hereafter referred to as “the Regulation”). Altogether these give a comprehensive overview of the effectiveness of EU level policy coordination. In 2018, we published two reports covering two dimensions of the European Semester: the Stability and growth Pact (SGP) and the Macroeconomic Imbalances Procedure (MIP). It is the third in a series of ECA reports on the European semester. This report comes at the end of the 10 year term of the Europe 2020 strategy and the start of a new strategic horizon. The Commission monitors the implementation of CSRs. The outputs of the process are country-specific recommendations (CSRs) addressed to every Member State by the Council, based on proposals made by the Commission. The Commission has a coordinating role and the Council is ultimately responsible for addressing guidance to Member States. In this context, the Commission uses its discretionary power to identify the most important challenges in each Member State. The European Semester also influences budgetary and economic policy decisions of Member states. The country-reports draw on in-depth exchanges with governments, national authorities and stakeholders at both technical and political level. The European Semester offers the Commission, Member States and social partners the opportunity to engage in a permanent dialogue with one another. The European Semester developed over time since it was established in 2010. The European Semester is an annual cycle of economic and fiscal policy coordination within the EU by the Commission and the Council, to improve the EU’s economic and social sustainability. However, we also found that full or substantial implementation of CSRs by Member States was low and made a number of recommendations to improve the effectiveness of the European Semester and the Commission’s work to implement the process in line with the regulation by strengthening: the focus on areas where progress is slow (such as poverty and research) the monitoring of CRS implementation the link between EU funds to CSRs and written feedback on National Reform Programmes.ĮCA special report pursuant to Article 287(4), second subparagraph, TFEU. We found that the Commission provided a sound analysis of Member States annual economic progress in its country reports, coordinated the Europe 2020 strategy which led to six out eight targets being reached by 2020, and proposed relevant country specific recommendations to Council for Member States. Since 2010, the European Semester provided an annual cycle of economic and fiscal policy coordination within the EU. The European Semester – Country Specific Recommendations address important issues but need better implementation
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