Article 121 TFEU

E858317

article of the Treaty on the Functioning of the European Union provision of EU primary law

Article 121 TFEU is a provision of EU primary law that establishes the framework for coordinating the economic policies of Member States, including multilateral surveillance and the formulation of broad economic policy guidelines.

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Statements (48)

Predicate	Object
instanceOf	article of the Treaty on the Functioning of the European Union ⓘ provision of EU primary law ⓘ
aimsAt	ensuring closer coordination of Member States’ economic policies ⓘ sustainable economic growth in the European Union ⓘ
appliesTo	all EU Member States ⓘ euro area Member States ⓘ
basisFor	Broad Economic Policy Guidelines NERFINISHED ⓘ EU multilateral economic surveillance procedure ⓘ Integrated Guidelines for economic and employment policies NERFINISHED ⓘ
bindingNature	legally binding on EU Member States ⓘ
decisionMakingProcedure	Council acting on a recommendation from the Commission ⓘ qualified majority voting in the Council ⓘ
distinguishedFrom	Article 126 TFEU on excessive deficits NERFINISHED ⓘ
enables	Council to address recommendations to Member States ⓘ Council to make public its recommendations in certain cases ⓘ
enteredIntoForceWith	Treaty of Lisbon NERFINISHED ⓘ
establishes	framework for economic policy coordination in the European Union ⓘ
formsPartOf	Title VIII TFEU NERFINISHED ⓘ
geographicalScope	European Union NERFINISHED ⓘ
grantsPowerTo	Council of the European Union to adopt broad economic policy guidelines ⓘ Council of the European Union to conduct multilateral surveillance ⓘ
historicalPredecessor	Article 99 EC Treaty NERFINISHED ⓘ
implementedBy	Council of the European Union NERFINISHED ⓘ Economic and Financial Affairs Council NERFINISHED ⓘ Eurogroup NERFINISHED ⓘ European Commission NERFINISHED ⓘ
involves	consultation of the Economic and Financial Committee ⓘ consultation of the European Parliament ⓘ
languageVersions	all official languages of the European Union ⓘ
legalBasisFor	Council recommendations on national economic policies NERFINISHED ⓘ country-specific recommendations in the European Semester ⓘ
legalSystem	European Union law NERFINISHED ⓘ
partOf	Treaty on the Functioning of the European Union NERFINISHED ⓘ
policyField	economic policy coordination ⓘ macroeconomic surveillance ⓘ
procedureType	ordinary economic policy coordination procedure ⓘ
providesFor	formulation of broad guidelines of the economic policies of the Member States and of the Union ⓘ multilateral surveillance of economic developments in Member States ⓘ
regulates	coordination of the economic policies of EU Member States ⓘ
relatedTo	Article 126 TFEU ⓘ European Semester NERFINISHED ⓘ Stability and Growth Pact NERFINISHED ⓘ economic governance of the European Union ⓘ
requires	Member States to regard their economic policies as a matter of common concern ⓘ regular reporting by Member States on their economic developments ⓘ
subjectToInterpretationBy	Court of Justice of the European Union NERFINISHED ⓘ
titleHeading	Economic and monetary policy ⓘ
usedIn	preventive arm of EU economic governance ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Broad Economic Policy Guidelines → linkedToArticle → Article 121 TFEU ⓘ