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Chapter 17, 17 May 2011 Economic governance and the EMU

Chapter 17, 17 May 2011 Economic governance and the EMU. Economic Governance – Post Crisis. Ministerial Committee on Economic Policy Chaired by the PM MoEA serves as secretariat. Ministry of Finance - Fiscal policy . Ministry of Economic Affairs Overall economic policy and coordination

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Chapter 17, 17 May 2011 Economic governance and the EMU

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  1. Chapter 17, 17 May 2011 Economic governance and the EMU

  2. Economic Governance – Post Crisis • Ministerial Committee on Economic Policy • Chaired by the PM • MoEA serves as secretariat Ministry of Finance - Fiscal policy • Ministry of Economic Affairs • Overall economic policy and coordination • Financial markets Prime Minister’s Office - 2020 strategy coordination Central Bank - Monetary policy Macroeconomic Forecast in Statistics Iceland

  3. Economic Policy – Going Forward Lack of coordination and discipline in economic policy are important reasons for the economic crisis IMF programme has provided a framework for improvement in this area, which needs to be continued on a new basis going forward Accession process and membership provide a clear guidance in this respect

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