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European Commission Profile picture
@EU_Commission
Apr 26 • 7 tweets • 4 min read Twitter logo Read on Twitter
Today we propose new economic governance rules.

The aim is to strengthen public debt sustainability and promote sustainable and inclusive growth.

🔴 Press conference on #EUEconomicGovernance framework by @VDombrovskis and @PaoloGentiloni twitter.com/i/broadcasts/1…
@VDombrovskis @PaoloGentiloni Stronger national ownership

National medium-term fiscal-structural plans are the cornerstone of our proposals.

EU countries will have greater leeway in setting their own fiscal adjustment paths and reform and investment commitments. twitter.com/i/web/status/1…
Simpler rules

For EU countries with a deficit above 3% of GDP or public debt above 60% of GDP, we will issue a country-specific “technical trajectory”.

For EU countries with a deficit below 3% of GDP and public debt below 60% of GDP, we will provide technical information. twitter.com/i/web/status/1…
Common safeguards will apply to ensure debt sustainability.

Escape clauses will allow deviations from the expenditure targets in case of a severe economic downturn or of exceptional circumstances outside the control of an EU country with a major impact on public finances.
Facilitating reforms and investment

Our proposals also aim to facilitate and encourage EU countries implementing important reform and investment measures in:

🫒 the green and digital transitions
💪the economic and social resilience
🛡️the need to bolster Europe's security twitter.com/i/web/status/1…
Effective enforcement

Rules require enforcement.

While our proposals provide EU countries with more control over the design of their medium-term plans, they also put in place a more stringent enforcement regime to ensure they deliver on their commitments. twitter.com/i/web/status/1…
Read more about our proposals on #EUEconomicGovernance rules fit for the future
→ in our press release europa.eu/!xFbxGr
→ in our Q&A europa.eu/!mbnTGw
→ in our factsheet europa.eu/!XMV63V

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More from @EU_Commission

European Commission Profile picture
Apr 26
We want medicine to be more accessible, available, and affordable.

Our #EUPharmaStrategy legislative reform proposes a single market of medicines that:

🔸 is patient-centric
🔹 fosters innovation
🔸 fights antimicrobial resistance
🔹 is environmentally friendly ↓

#HealthUnion
Patients across the EU deserve timely access to high quality, affordable medicines.

We are proposing a modern regulatory framework & industry incentives to make unmet medical needs and shortages of critical medicines a thing of the past.

#HealthUnion

→ europa.eu/!Y9bcK6 Image
Antimicrobial resistance causes 35,000 deaths per year in the EU.

AMR occurs when antimicrobials stop being effective due to overuse & misuse.

We have to ensure that antimicrobials are innovative, more widely available & used prudently.

#HealthUnion

→ europa.eu/!pTrgGx Image
Read 4 tweets
European Commission Profile picture
Jan 17
The Green Deal Industrial Plan is our plan to make Europe the home of clean tech and industrial innovation on the road to net-zero.

It will be covering four key pillars ↓
→ Regulation

The new Net-Zero Industry Act will identify clear goals for European clean tech by 2030.

We will simplify processes for new production sites and Important Projects of Common European Interest.

For the medium term, we will prepare a European Sovereignty Fund.
→ Financing

There is a need to be competitive with the offers and incentives that are currently available outside the EU.

We will propose to temporarily adapt our state aid rules to speed-up and simplify.
Read 5 tweets
European Commission Profile picture
Jan 3
Russia’s aggression against Ukraine is causing challenges that we can only overcome in unity.

With our 2023 work programme, we want to build a Union that stands firm and united.

This year, we will turn our priorities into action by focusing on these initiatives ↓ Berlaymont building, headquarters of the European Commission
🔵 European Green Deal

The EU will further accelerate its energy transition, strengthen sustainable food and transport, and tackle food and textile waste while building healthier ecosystems.

#EUGreenDeal A wind turbine with a text - Made in Europe
🔵 A Europe fit for the digital age

In 2023, we will introduce the Critical Raw Materials Act, support SMEs by further tackling late payments and help businesses in the Single Market.

We will also focus on a Common European mobility data space, among others.

#DigitalEU LUMI is ranked 3rd on the new Top500 list of the world's fas
Read 7 tweets
European Commission Profile picture
Oct 6, 2022
Our sanctions are hitting Putin's system hard.

And we are determined to make the Kremlin pay for the latest steps on the escalation path.

We welcome the adoption by @EUcouncil of our eighth package of sanctions against Russia.

Learn more ↓ #StandWithUkraine
Additional export restrictions have been introduced which aim to reduce Russia’s access to military, industrial and technological items, as well as its ability to develop its defence and security sector.

#StandWithUkraine Visual depicting a little description of the new sanctions r
New import bans on Russian products.

This will keep Russian products out of the European market and deprive Russia of an additional €7 billion in revenues.

#StandWithUkraine Visual depicting a description of the new sanctions regardin
Read 8 tweets
European Commission Profile picture
Sep 11, 2022
Promises made. Promises kept.

The State of the Union address sets out our agenda for Europe.

During #SOTEU 2021, President @vonderleyen outlined many initiatives relevant for Europeans.

What progress have we made on the initiatives since then? A thread 👇
🟢 European Chips Act

Without chips, there’s no digital transition, no green transition.

Our objectives are high: doubling our global market share by 2030 to 20%, and producing the most sophisticated and energy-efficient semiconductors in Europe.
#EUChipsAct
🟢 #GlobalGateway.

It stands for sustainable and trusted connections that work for people and the planet.

We will support smart investments in quality infrastructure, respecting the highest social and environmental standards globally and build partnerships of equals.
Read 14 tweets
European Commission Profile picture
Sep 10, 2022
We #StandWithUkraine and democracy over autocracy.

Since the start of Russia’s brutal attack on 24 February, the entire EU has mobilised to support Ukrainians.

We will continue to do so until they can safely rebuild their independent and democratic country in peace.

#SOTEU
The EU has welcomed more than 8.2 million Ukrainians fleeing the war.

And the #StandupforUkraine campaign raised €9.1 billion for people fleeing the Russian invasion.

On the ground, #EUCivPro has delivered over 66 000 tonnes of aid to Ukraine.

#SOTEU Woman holding a banner sayi...
Ukraine and the European Union have never been closer.

Ukraine’s application for EU membership was an expression of its will and right to choose its own destiny.

In June, we opened the pathway towards us by granting them, together with Moldova, candidate status.

#SOTEU President von der Leyen giv...
Read 5 tweets

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