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How effective and legitimate is the European semester? Increasing the role of the European parliament. Bruegel Working Paper 2011/09, September 2011

Hallerberg, Mark. and Marzinotto, Benedicta. and Wolff, Guntram B. (2011) How effective and legitimate is the European semester? Increasing the role of the European parliament. Bruegel Working Paper 2011/09, September 2011. [Working Paper]

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    Abstract

    The European Semester is a new institutional process that provides EU member states with ex-ante guidance on fiscal and structural objectives. The Semester’s goals are ambitious and it is still uncertain how it will fit into the new EU economic governance framework. We find that member states are only slowly internalising the new procedure. Furthermore, the Semester has so far lacked legitimacy due to the minor role assigned to the European Parliament, the marginal involvement of national parliaments and the lack of transparency of the process at some stages. Finally, there remains room to clarify the implications from a unified legal text. In fact, diluting the legal separation of recommendations on National Reform Programmes and Council opinions on Stability and Convergence Programmes may compromise effective surveillance and governance. The European Parliament has an important role to play. It needs hold the Commission and the Council accountable. This and the overall objective of enhancing the new procedure’s effectiveness and legitimacy can be done by means of a regular Economic Dialogue on the Semester.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > EU institutions & developments > European Parliament
    Countries > Estonia
    Countries > Finland
    Countries > France
    Countries > Germany
    Countries > Hungary
    Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 03 Oct 2011 13:59
    Number of Pages: 40
    Last Modified: 03 Oct 2011 13:59
    URI: http://aei.pitt.edu/id/eprint/32516

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