Les règles de la nouvelle gouvernance économique européenne

This paper studies the reform of the main pillars of the EU economic governance following the euro-crisis and the consequences for the fiscal and economic policy in Belgium. The paper describes the surveillance and correction of fiscal imbalances set up by the amended Stability and Growth Pact, the Fiscal Compact and the two-pack. It describes the new surveillance and correction of macroeconomic imbalances set up by the six-pack. And it describes the coordination of socio-economic policies set up by the Europe 2020 Strategy, the Euro Plus Pact and the Compact for Growth and Jobs. While acknowledging the importance of the reforms achieved so far, the paper concludes that those reforms are still insufficient for the sustainability of the euro-zone.