Commission adopts Communication on reforming EU economic governance framework

Article summary

The European Commission has adopted a Communication setting out orientations for a reformed EU economic governance framework, which aims to create a more transparent, simpler, and integrated architecture for macro-fiscal surveillance. The central elements of the communication include national medium-term fiscal-structural plans, greater national ownership and better enforcement, a more effective framework to detect and correct macroeconomic imbalances and a more focused and streamlined post-programme surveillance framework.