European Semester for economic policy coordination 2026

Tabled by João Oliveira

Added: 14a. Takes the view that Member State budgetary and economic policies are being controlled and conditioned by the package of instruments, rules and mechanisms set out in the ‘Economic Governance’ legislation and the European Semester process; points outs that those instruments and mechanisms have been a key factor in eroding labour and other social rights, deepening social inequalities, diminishing public investment, undermining public services and social benefits provided by the state and weakening productive sectors and have contributed to the deregulation and privatisation of strategic sectors, with a consequent increase in structural deficits; notes that those instruments and mechanisms also represent a serious encroachment on national sovereign powers in favour of the European Union that is being dictated by the interests of major powers and of leading economic and financial groups;

Wording as published by the EP, in English. PE782.977v01-00