European Semester

The European Semester is an annual process where European Union countries coordinate their economic policies. It involves reviewing each country's economic and budget plans to ensure they stay within agreed fiscal rules and promote growth. The European Commission provides guidance, and countries adjust their policies accordingly to maintain stability and competitiveness. This coordinated approach helps prevent financial crises and fosters economic integration across the EU. The process typically includes assessments, recommendations, and monitoring, encouraging member states to implement reforms for sustainable economic development.