- (Photo: ECB)
Every year the EU issues "recommendations" on the economic policies it believes its member states should adopt. Recommendations are not legally binding.
The Lisbon Treaty provides for legally binding measures for the coordination of economic policies, see Art. 5 TFEU.
The EMU (Economic and Monetary Union) member states can be fined if they breach the EMU criteria of the Stability and Growth Pact.
See also Euro Pact