Source: European Parliament
This briefing analyses the implementation of the new economic governance framework in its first year of application. In particular, after discussing recent economic developments (Section 1), it assess results and roll-out of the new framework of fiscal coordination and surveillance as reported by the Commission in its 2025 Spring Package (Section 2). It also describes the current state of play on the implementation of the national escape clause for defence spending (Section 3) before focusing on the current excessive deficit procedures (Section 4).