Introduction section Economic Policy Committee (EPC)

Economic Policy Committee (EPC)

The Economic Policy Committee (EPC), operational since 1974 and whose statute was revised in 2000 and 2003, deals with structural policies on behalf of the Ecofin Council. The Department of the Treasury represents Italy in the CPE and in the related Working Groups.

 

In particular, the CPE:

  • Follows all the stages of the work of the European Semester and relating to the implementation of the Recovery and Resilience Facility in the period of its activation; discusses, in collaboration with the CEF alternates and the Employment Committee (EMCO), the Recommendations to Member States and the euro area, in relation to which the CPE has competence in the field of general guidelines (Broad Economic Guidelines - IMPE) and Macroeconomic Imbalances Procedure (MIP). In general, the CPE deals with all the factors that affect the productivity and profitability of national economies as well as aspects of pensions and taxation not related to fiscal consolidation;
  • Discusses the analyses on structural policies aimed at improving potential economic growth and employment in the European Union, with particular focus on the functioning of the various markets (labour, product, services, etc.); explores developments regarding wages, productivity, employment and competitiveness; carries out surveys on the sustainability of long-term public finances;
  • Instructs the positions of the Economic Committee and (CEF) and of the ECOFIN for the issues of its own competence and of the working groups;
  • Coordinates and evaluates the analyses prepared by the Working Groups (WG);
  • Contributes to the multilateral surveillance procedure on the economic policies of the Member States also through specific thematic studies

 

President: Mr Verlinden (Belgian)
MEF delegation:
Germana di Domenico (head of delegation), Ottavio Ricchi, Alessandra Cataldi, Mattia de Crescenzo (alternates)

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