what was at stake
green position
what we achieved
what we did not achieve

Second economic governance package (Two-Pack)

The Two-Pack is a legal instrument that amended the so-called Sixpack on economic governance in the EU and sought to further define EU economic policy coordination.

One of the two Regulations comprising the Two-Pack deals with monitoring national draft budgets before they are adopted by national parliaments.

The other sets out explicit rules designed to enhance the Commission's surveillance of any Eurozone country benefiting from financial assistance.


What was the Greens' position?

The Greens believe that the Two-Pack complicates the structure of European economic governance, making it impossible for citizens to understand and constituting a clear obstacle to democratic control.

However, the Two-Pack provided a good opportunity to partly correct the austerity course in previously enacted European legislation.


Did other MEPs accept the Greens' position?

The Greens succeeded in gaining support for many important amendments.

We made sure that the Commission's surveillance of the Member States' budgets will be transparent. Likewise, social partners and civil society will have to be involved, and the social impact of measures will have to be taken into account.

We also succeeded in convincing a majority of MEPs of the benefits of common European debt. Parliament voted in favour of a road map leading towards Eurobonds.

Our demand for a fund to support growth in times of crisis was also adopted.

Furthermore, we garnered support for a more flexible approach to be taken whenever a country slides deeper into crisis. Economic policy recommendations will be adapted under such circumstances.


Which points did the Greens lose?

The Greens were unable to gain support for the binding inclusion of measures under the EU 2020 growth strategy, such as employment goals and reforms towards a sustainable economy.

We also wanted national programmes to be codified so that European economic reforms become more coherent.

Finally, we called for stronger anti-cyclical measures, but were defeated by the EPP and ALDE.

Press & Events

Procedure:Ordinary legislative procedure

Reference(s):2011/0385(COD), 2011/0386(COD)

Lead MEP:Jean Paul Gauzès (EPP), Elisa Ferreira (S&D)

Green MEP responsible:Sven Giegold, Philippe Lamberts


Staff contact:Francisco Padilla (Email)
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Outcome of the vote
Below you find the results of the final vote in plenary. How did the political groups vote? What about national delegations? And what was the position of your MEP?

Economic and budgetary surveillance of Member States with serious difficulties with respect to their financial stability in the euro area

Monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area