Source: European Parliament
On 3 June 2026, the Commission published the European Semester Spring Package, including the first assessment of compliance with the net expenditure paths under the reformed Stability and Growth Pact. This briefing provides an overview of the main fiscal elements of the package. It examines the proposed extension of the national escape clause to energy-related expenditure, the Commission’s assessment of compliance for 2025 and 2026, and the progress made on reforms and investments underpinning extended adjustment periods.
Economics and Monetary Issues