Adoption of the draft opinion in ECON
On 7 June, the draft opinion on the reform of the economic governance framework was adopted by the members of the ECON Commission.
The rapporteur, Elio Di Rupo (BE/PES), Minister-President of the Wallonia Region, said: "The status quo is not an option. Reform of the EU's economic governance is inevitable given the impact of the COVID-19 pandemic and the war in Ukraine. There is a need for investments into the green and digital transitions of €650 billion per year over the next decade and almost €200 billion per year for social infrastructure. To strengthen public investment, the very least would be to exempt all expenditure incurred by Member States and local and regional authorities as part of Cohesion funds co-financing and Union programmes from fiscal surveillance."