Recent shocks have shown not only how vulnerable to crises the single market is, but also the extent to which the EU economy relies on a well-functioning single market. To protect it, the European Commission put forward a single market emergency instrument (SMEI) package. The main proposal establishes measures for contingency planning, such as an early warning system. If a wide-ranging crisis hits the single market, an 'emergency mode' could be triggered.

EPRS podcast policy - Protecting the single market in future crises

Economic Dialogues are held in order to enhance the dialogue between the EU institutions on the application of economic governance rules and with Member States, if appropriate, to ensure greater transparency and accountability.

Representatives of Member States, the European Commission, the President of the Council, the President of the European Council and the President of the Eurogroup can be invited to discuss economic and policy issues before the competent Committee of the European Parliament.

The European Semester is the framework for integrated surveillance and coordination of economic and employment policies across the EU. Since its introduction in 2011, it has become a well-established forum for discussing EU countries’ fiscal, economic and employment policy challenges under a common annual timeline. It's being adapted to take into account the creation of the Recovery and Resilience Facility. The implementation of Member States’ recovery and resilience plans will drive their reform and investment agenda for the years ahead. The European Semester, with its broader scope and multilateral surveillance, will usefully complement the implementation of the recovery and resilience plans.

During the last economic dialogue, on 7 February 2022, Valdis Dombrovskis, Executive Vice-President for An Economy that Works for People, and Paolo Gentiloni, Commissioner for Economy, debated with Members from the Committee on Economic and Monetary Affairs ECON the fiscal part of the Autumn Package of the 2022 European Semester and in particular overall assessment of the 2022 draft budgetary plans and policy guidance on the appropriate fiscal stance.

Economic Dialogue

This package contains the events between 1st July 2019 and 31 December 2020. For latest events, see related links.

In line with the EU economic governance framework, Economic dialogues between the President of the Eurogroup and the European Parliament take place twice a year, at the beginning of the year and in the autumn.

Paschal Donohoe has been elected as President of Eurogroup in July 2020, succeeding Mario Centeno. As President of Eurogroup, he is invited to a regular Economic Dialogue, in particular, in accordance with Article 2ab of Regulation 1466/97 as amended. This briefing provides an overview of the ongoing work of the Eurogroup as regards public finances, macro-economic imbalances, financial adjustment programmes and the banking union. He is also chairing the Board of Governors of the European Stability Mechanism.

Economic dialogue (2019-2020)

ECON - Economic Dialogue and exchange of views with Mihály Varga, ECOFIN President and Minister of Finance of Hungary

ECON - Economic Dialogue with Christine LAGARDE, ECB President

ECON  - Exchange of views with Piero CIPOLLONE, Member of the Executive Board of the European Central Bank

EP Plenary session - Topical debate (Rule 162) - Reducing regulatory burden to unleash entrepreneurship and competitiveness

ECON -  Economic Dialogue and exchange of views with Nadia CALVINO, ECOFIN President and First Vice-President of the Government of Spain and Minister for the Economy and Digital Transformation

ECON Committee - Economic Dialogue on the Autumn Fiscal Package of the 2022 European Semester

ECON committee - Economic Dialogue and exchange of views on the Autumn Fiscal Package of the 2022 European Semester

ECON - Economic Dialogue and exchange of views with Paschal DONOHOE, President of the Eurogroup

The European Central Bank is the central institution of the Economic and Monetary Union and has been responsible for conducting monetary policy for the euro area since 1999. The President of the European Central Bank (ECB) takes part four times a year in a monetary dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON) to report on monetary policy. MEPs of the Committee on Economic and Monetary Affairs (ECON) debate with Christine LAGARDE the latest developments of the monetary policies of the European Central Bank. This news item shows extracts from the Monetary Dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON).

Economic Dialogue with Christine LAGARDE, ECB President: extracts

Members of the Economic and Monetary Affairs Committee (ECON) discuss with Christine LAGARDE, ECB President, the topic "Euro at 25: what's next for the European Monetary Union (EMU)?". Irene TINAGLI (S&D, IT), Chair of ECON and introductory remark by Christine LAGARDE, President of the European Central Bank (ECB) open the discussion, followed by a question and answers session by MEPs. This transcription is a result of an automatic process. Please check against delivery.

Economic Dialogue with Christine LAGARDE, ECB President: opening statements by Irene TINAGLI (S&D, IT), Chair of ECON and introductory remark by Christine LAGARDE, President of the European Central Bank (ECB)

ECON Members hold an Economic Dialogue and exchange of views with Nadia CALVIÑO, First Vice-President of the Government of Spain and Minister for the Economy and Digital Transformation, in her capacity of President of the ECOFIN Council during the Spanish Presidency (July to December 2023). The ECOFIN President provides an overview of the priorities of the Spanish Presidency in the area of economic governance, financial services and taxation. She also answers the questions of the ECON Members. Extracts

Economic Dialogue and exchange of views with Nadia CALVIÑO, ECOFIN President: extracts

Members of the EP Committee on Economic and Monetary Affairs (ECON) hold their second Economic Dialogue and exchange of views with Paschal DONOHOE, President of the Eurogroup. The exchange of views covers the ongoing work of the Eurogroup, notably short term policy measures intended to combat the economic, financial and social consequences of COVID-19, medium term policies to support a sustainable recovery and increase resilience of the euro area and longer term measures relating to the EMU governance framework, including completing the Banking Union.

Economic dialogue with Paschal DONOHOE, President of the Eurogroup: Questions and answers - ECON Committee

Members of the EP Committee on Economic and Monetary Affairs (ECON) hold their second Economic Dialogue and exchange of views with Paschal DONOHOE, President of the Eurogroup. The exchange of views covers the ongoing work of the Eurogroup, notably short term policy measures intended to combat the economic, financial and social consequences of COVID-19, medium term policies to support a sustainable recovery and increase resilience of the euro area and longer term measures relating to the EMU governance framework, including completing the Banking Union. This transcription speech is the result of an automatic process. Check against delivery.

Economic dialogue with Paschal DONOHOE, President of the Eurogroup: opening statement - ECON Committee

Members of EP Committee on Economic and Monetary Affairs (ECON) hold an Economic Dialogue on the Fiscal Package of the 2021 European Semester with Valdis DOMBROVSKIS, Executive Vice-President¨of the EC for An Economy that Works for People, and Paolo GENTILONI, EU Commissioner for Economy, in the European Parliament in Brussels. ECON Members also have a possibility to exchange views with the Commissioners regarding the COVID-19 fiscal policy response.

ECON - Economic Dialogue and exchange of views on the autumn fiscal package of the 2020 European Semester and on COVID-19 fiscal policy response: statements by Irene TINAGLI (S&D, IT), Valdis DOMBROVSKIS and Paolo GENTILONI

Members of EP Committee on Economic and Monetary Affairs (ECON) hold an Economic Dialogue on the Fiscal Package of the 2021 European Semester with Valdis DOMBROVSKIS, Executive Vice-President¨of the EC for An Economy that Works for People, and Paolo GENTILONI, EU Commissioner for Economy, in the European Parliament in Brussels. ECON Members also have a possibility to exchange views with the Commissioners regarding the COVID-19 fiscal policy response. Exchange of views

ECON - Economic Dialogue and exchange of views on the autumn fiscal package of the 2020 European Semester and on COVID-19 fiscal policy response: Exchange of views

The Committee on Economic and Monetary Affairs (ECON) exchange of views with Mário CENTENO, President of the Eurogroup, in the European Parliament in Brussels.

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