The European Commission’s proposal to reform the European framework for economic governance is a step in the right direction in terms of simplifying the rules and national compliance, but it may leave too much scope for political interpretation of the rules, according to the European Court of Auditors in an analysis published on Tuesday 7 November (see EUROPE B13170A1).
“The proposed reform aims to address many of the shortcomings of the current governance framework that we [...] have...