Economic policy at EU level

Obligations and coordination procedures arising from membership of the European Union and participation in the single currency have an impact on Finland’s economic policy. The general government finances of Member States participating in the Economic and Monetary Union are now monitored more effectively.

The Ministry of Finance is responsible for preparing the Government’s Stability Programme and the Lisbon National Reform Programme.

 

Stability Programme

The adoption of the single currency obliges participating Member States to present annually their medium-term economic policy plans in a Stability Programme presented to the Commission.

Further information on the EU's website
 http://www.consilium.europa.eu/cms3_fo/showpage.asp?id=293&lang=en&mode=g

 

Lisbon Strategy

The Member States drew up the first revised national reform programmes of the Lisbon Strategy for 2005-2008. The programmes describe economic and structural policy measures adopted by the Member States for improving growth and jobs. Currently the Member States are implementing reforms based on the programmes for 2008-2010. In addition, all Member States produce annual implementation reports on reforms that have been carried out. A discussion is being initiated into the future of the Lisbon Strategy beyond 2010.

Further information on the EU's website
http://europa.eu.int/growthandjobs/index_en.htm

 

Broad Guidelines

The Broad Economic Policy Guidelines is the principal instrument for the coordination of the economic policies of the Member States and the Community at the EU-level. This document contains macroeconomic guidelines for stable growth and employment, which in turn create the framework for producing the necessary structural reforms.

Further information on the EU's website
http://europa.eu/scadplus/leg/en/lvb/l25078.htm

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