ECOFIN: Economic governance and recovery

09 November 2021

They discussed the future of the EU’s economic governance framework and gave their initial views on the way forward.... It is necessary to continue discussions and try and find common ground.

They also discussed the current situation regarding the financing of Next Generation EU, a temporary recovery package to help boost EU economies in the wake of COVID-19, and the implementation of the Recovery and Resilience Facility, the centrepiece of Next Generation EU which supports reforms and investments in EU member states through loans and grants.

• A recovery plan for Europe (background information)

Ministers approved conclusions on the future of the European Semester in relation to the Recovery and Resilience Facility. The conclusions call for the return of the essential elements of the European Semester in the 2022 cycle, in particular country reports and country-specific recommendations.

• The future of the European Semester in the context of the Recovery and Resilience Facility (Council conclusions, 9 November 2021)
• European Semester (background information)

ECOFIN

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