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TREATY ESTABLISHING A CONSTITUTION FOR EUROPE
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economic policy
[
Global Index
]
ARTICLE-I-15
: The coordination of economic and employment policies [
go to this ARTICLE
]
... The
Member States
shall coordinate their
economic policies
within the
Union
. To this end, the
Council of Ministers
shall
adopt
measures
, in particular broad
guidelines
for these
policies
. ...
ARTICLE-I-30
: The European Central Bank [
go to this ARTICLE
]
... The
European System of Central Banks
shall be
governed
by the
decision-making bodies
of the
European Central Bank
. The primary
objective
of the
European System of Central Banks
shall be to maintain
price stability
. Without
prejudice
to that
objective
, it shall
support
the
general
economic policies
in the
Union
in
order
to
contribute
to the
achievement
of the latter's
objectives
. It shall
conduct
other
Central Bank
tasks in
accordance
with Part III and the
Statute
of the
European System of Central Banks
and of the
European Central Bank
. ...
ARTICLE-III-177
[
go to this ARTICLE
]
... For the
purposes
set out in Article
I-3
, the
activities
of the
Member States
and the
Union
shall
include
, as provided in the
Constitution
, the
adoption
of an
economic policy
which is based on the close
coordination
of
Member States
'
economic policies
, on the
internal market
and on the
definition
of
common
objectives
, and
conducted
in
accordance
with the
principle
of an
open market economy
with
free competition
. ...
... For the
purposes
set out in Article
I-3
, the
activities
of the
Member States
and the
Union
shall
include
, as provided in the
Constitution
, the
adoption
of an
economic policy
which is based on the close
coordination
of
Member States
'
economic policies
, on the
internal market
and on the
definition
of
common
objectives
, and
conducted
in
accordance
with the
principle
of an
open market economy
with
free competition
. ...
... Concurrently with the foregoing, and as provided in the
Constitution
and in
accordance
with the
procedures
set out therein, these
activities
shall
include
a
single
currency
, the
euro
, and the
definition
and
conduct
of a
single
monetary policy
and
exchange-rate policy
, the primary
objective
of both of which shall be to maintain
price stability
and, without
prejudice
to this
objective
, to
support
general
economic policies
in the
Union
, in
accordance
with the
principle
of an
open market economy
with
free competition
. ...
ARTICLE-III-178
[
go to this ARTICLE
]
...
Member States
shall
conduct
their
economic policies
in
order
to
contribute
to the
achievement
of the
Union
's
objectives
, as defined in Article
I-3
, and in the
context
of the broad
guidelines
referred to in Article
III-179
(2). The
Member States
and the
Union
shall
act
in
accordance
with the
principle
of an
open market economy
with
free competition
, favouring an
efficient
allocation
of
resources
, and in
compliance
with the
principles
set out in Article
III-177
. ...
ARTICLE-III-179
[
go to this ARTICLE
]
...
Member States
shall
regard
their
economic policies
as a matter of
common
concern
and shall coordinate them within the
Council
, in
accordance
with Article
III-178
. ...
... The
Council
, on a
recommendation
from the
Commission
, shall formulate a
draft
for the broad
guidelines
of the
economic policies
of the
Member States
and of the
Union
, and shall
report
its findings to the
European Council
. ...
... The
European Council
, on the basis of the
report
from the
Council
, shall discuss a
conclusion
on the broad
guidelines
of the
economic policies
of the
Member States
and of the
Union
. On the basis of this
conclusion
, the
Council
shall
adopt
a
recommendation
setting out these broad
guidelines
. It shall inform the
European Parliament
of its
recommendation
. ...
... In
order
to ensure closer
coordination
of
economic policies
and sustained convergence of the
economic
performances
of the
Member States
, the
Council
, on the basis of
reports
submitted by the
Commission
, shall
monitor
economic developments
in each of the
Member States
and in the
Union
, as well as the
consistency
of
economic policies
with the broad
guidelines
referred to in paragraph 2, and shall regularly carry out an overall
assessment
. ...
... In
order
to ensure closer
coordination
of
economic policies
and sustained convergence of the
economic
performances
of the
Member States
, the
Council
, on the basis of
reports
submitted by the
Commission
, shall
monitor
economic developments
in each of the
Member States
and in the
Union
, as well as the
consistency
of
economic policies
with the broad
guidelines
referred to in paragraph 2, and shall regularly carry out an overall
assessment
. ...
... For the
purpose
of this
multilateral
surveillance
,
Member States
shall forward
information
to the
Commission
on
important
measures
taken by them in the
field
of their
economic policy
and such other
information
as they deem necessary. ...
... Where it is
established
, under the
procedure
referred to in paragraph 3, that the
economic policies
of a
Member State
are not consistent with the broad
guidelines
referred to in paragraph 2 or that they
risk
jeopardising the proper
functioning
of
economic
and
monetary union
, the
Commission
may
address
a
warning
to the
Member State
concerned
. The
Council
, on a
recommendation
from the
Commission
, may
address
the necessary
recommendations
to the
Member State
concerned
. The
Council
, on a
proposal
from the
Commission
, may
decide
to make its
recommendations
public
. ...
ARTICLE-III-185
[
go to this ARTICLE
]
... The primary
objective
of the
European System of Central Banks
shall be to maintain
price stability
. Without
prejudice
to this
objective
, the
European System of Central Banks
shall
support
the
general
economic policies
in the
Union
in
order
to
contribute
to the
achievement
of its
objectives
as laid down in Article
I-3
. The
European System of Central Banks
shall
act
in
accordance
with the
principle
of an
open market economy
with
free competition
, favouring an
efficient
allocation
of
resources
, and in
compliance
with the
principles
set out in Article
III-177
. ...
ARTICLE-III-194
[
go to this ARTICLE
]
... to set out
economic policy
guidelines
for them, while ensuring that they are
compatible
with those
adopted
for the whole of the
Union
and are kept under
surveillance
. ...
ARTICLE-III-197
[
go to this ARTICLE
]
...
adoption
of the parts of the broad
economic policy
guidelines
which
concern
the
euro
area
generally (Article
III-179
(2)); ...
ARTICLE-III-204
[
go to this ARTICLE
]
...
Member States
, through their
employment
policies
, shall
contribute
to the
achievement
of the
objectives
referred to in Article
III-203
in a way consistent with the broad
guidelines
of the
economic policies
of the
Member States
and of the
Union
adopted
pursuant to Article
III-179
(2). ...
ARTICLE-III-221
[
go to this ARTICLE
]
...
Member States
shall
conduct
their
economic policies
and shall coordinate them in such a way as, in
addition
, to attain the
objectives
set out in Article
III-220
. The formulation and
implementation
of the
Union
's
policies
and
action
and the
implementation
of the
internal market
shall take into
account
those
objectives
and shall
contribute
to their
achievement
. The
Union
shall also
support
the
achievement
of these
objectives
by the
action
it takes through the
Structural
Funds
(
European Agricultural Guidance and Guarantee Fund
,
Guidance Section
;
European Social Fund
;
European Regional Development Fund
), the
European Investment Bank
and the other
existing
financial instruments
. ...
ARTICLE-III-241
[
go to this ARTICLE
]
... The
Commission
, acting on its own
initiative
or on
application
by a
Member State
, shall examine the
rates
and
conditions
referred to in paragraph 1, taking
account
in particular of the
requirements
of an appropriate
regional
economic policy
, the needs of
underdeveloped
areas
and the
problems
of
areas
seriously
affected
by
political
circumstances
on the one hand, and of the
effects
of such
rates
and
conditions
on
competition
between the different modes of
transport
on the other. ...
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