Database on German and European Economic Law

 Regulation (EU) No 1176/2011

I. Description

Europe 2020 sets out an ambitious and comprehensive strategy towards smart sustainable and inclusive growth for the EU economy. Against the background of the crisis it sets a new focus on addressing Europe's weaknesses in the surveillance of macro-financial and structural challenges. Taking account of the deep economic and financial inter-linkages within the euro area and their impact on the single currency, Europe 2020 calls for the development of a specific policy framework for the euro area to tackle broader macroeconomic imbalances. A mechanism embedded in legislation monitoring sources of macroeconomic imbalances and ensuring appropriate corrective action when necessary is required from that perspective. The necessary linkage between preventive and corrective action is crucial to avoid painful economic adjustment when imbalances grow out of control.

II. General Information

Title

Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances

Status
Existing
Regulation
(EU) No 1176/2011
Source
O.J. EU No L (Legislation), Edition 306, Year 2011, p.25
Adoption
11/16/2011
Promulgation
11/23/2011
Character
Regular Act
Legal Basis
Art. 121 AEUV
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances

  (EU) No 1176/2011

Beschluss:
11/16/2011 (A)
Verkuendung:
11/23/2011 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
05/05/2011
Opinion of the European Economic and Social Committee
O.J. EU No. C, Ausgabe 218, Jahr 2011, p. 53
02/16/2011
Opinion of the European Central Bank
O.J. EU No. C, Ausgabe 150, Jahr 2011, p. 1
09/29/2010
Proposal
COM/2010/527

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History