This document is an excerpt from the EUR-Lex website
Document 52016DC0727
Greater fiscal coordination for the euro area
Greater fiscal coordination for the euro area
SUMMARY OF:
Communication (COM(2016) 727 final) — Towards a positive fiscal stance for the euro area
WHAT IS THE AIM OF THE COMMUNICATION?
It makes the case for a significantly more positive fiscal stance* for the euro area in order to support the ongoing economic recovery and to avoid the ‘low growth, low inflation’ trap.
KEY POINTS
BACKGROUND
Together with monetary policy, fiscal policy plays a key role in stabilising the macroeconomic environment. It also serves broader goals in terms of fiscal sustainability and redistributing wealth.
For more information, see:
* KEY TERMS
Fiscal stance: the direction given to fiscal policy by government decisions on tax and expenditure.
MAIN DOCUMENT
Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions — Towards a positive fiscal stance for the euro area (COM(2016) 727 final, 16.11.2016)
last update 06.04.2017