Publication

So far, the economic governance reforms have produced an agreement on the assumptions underlying the method of reinforcing budgetary and non-fiscal surveillance and on the establishment of a “European semester.” An important role in this process has been played by the Task Force (on economic governance) working under Herman Van Rompuy, which has held three meetings to date. The results of the Task Force’s work and the decisions of the European Council adopted on their basis will have a fundamental bearing on the political credibility of the reform.