Tuesday, 14 March 2023
EPP Finance Ministers, co-chaired by Eurogroup President Paschal DONOHOE and EU Executive Vice-President Valdis DOMBROVSKIS, met this morning in Brussels to prepare today’s EU ECOFIN Council agenda.
The Chairs shared an update of yesterday’s Eurogroup meeting and of the EU’s general economic situation both in terms of the general outlook and more specifically on the consequences of Russia’s war on Ukraine.
EPP Ministers discussed the Economic Governance Review, revising the EU’s fiscal rules.
They recalled that this framework is crucial for effective economic policy coordination and monitoring across the EU. They underlined that many of the challenges the EU economy faces today require ambitious reforms and sizeable investments, as much as ensuring that fiscal rules lead to debt reduction and responsible levels of borrowing and sustainable growth. The preventative element of the framework is also key.
Ministers welcome the proposed move towards multi-annual fiscal planning, while maintaining the annual monitoring cycle, and the simplification of the EU’s fiscal framework overall, while preserving its multilateral character. Ministers stressed the importance of enhancing transparency, enforcing the rules, ensuring equal treatment of Member States and increasing national ownership.
They look forward to the European Commission’s methodology regarding debt sustainability analysis and assessment principles that should be based on credible and reliable data. Ministers expect the Council to be involved through the monitoring and endorsement of those national fiscal structural plans and their possible updates.
The EPP Manifesto, also adopted at the 2012 EPP Congress in Bucharest, outlines the basic principles of the Party summary.
The EPP Manifesto, also adopted at the 2012 EPP Congress in Bucharest, outlines the basic principles of the Party summarising who we are, what our values are, what challenges are we facing and what vision we have for the future. The Manifesto was developed in parallel to the EPP Platform document within the EPP Working Group 1 for “European Policy”.
The EPP Platform is the core programme of our party outlining our main values, explaining the challenges our society is facing and presenting our vision for the future of European Union.
The Party Platform was developed in EPP Working Group 1 for “European Policy” chaired by EPP President Wilfried MARTENS ?and EPP Vice President Peter HINTZE. The Working Group consists of delegates of EPP member parties who prepared and worked?on this document for more than two years and received input?from the drafting committee as well as senior and young experts. The document was adopted at the 2012 EPP Congress in Bucharest, thus replacing the Basic Programme of Athens from 1992.
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