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HomeCommission’s surveillance of Member States exiting a macroeconomic adjustment programme
An appropriate tool in need of streamlining. Special report No 18, 2021
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The Commission is responsible for the surveillance of euro area Member States exiting a macroeconomic adjustment programme to ensure they maintain their economic and financial stability. This is of benefit to Member States and their lenders. We examined the design, implementation and effectiveness of the Commission’s surveillance for the five Member States concerned (Ireland, Greece, Spain, Cyprus and Portugal). We found that, while surveillance was an appropriate tool, its efficiency was hampered by unclear objectives and insufficient streamlining and focus in implementation. We have made recommendations to the Commission to address these issues, including a revision of the relevant legislation to integrate its surveillance activities into the European Semester. ECA special report pursuant to Article 287(4), second subparagraph, TFEU.
- Paskelbta:
- Institucija (-os) autorė (-s): European Court of Auditors
- Temos: Bendrijos finansai , Ekonominė politika – Ekonominė ir pinigų sąjunga
- Tema: Cyprus , economic stabilisation , euro area , Greece , Ireland , macroeconomics , multilateral surveillance , performance audit , Portugal , report , Spain , stability programme , structural adjustment
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| ISSN 1977-5679 | ISBN 978-92-847-6651-2 | DOI 10.2865/67 | Katalogo numeris QJ-AB-21-021-EN-N |
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Web version
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| ISSN 1977-5679 | ISBN 978-92-847-6636-9 | DOI 10.2865/863855 | Katalogo numeris QJ-AB-21-021-EN-Q |
- Released on EU publications website:
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