On Thursday 7 May, the European Commission specified the monitoring it intends to carry out in the event of activation, by a euro area country, of the European Stability Mechanism (ESM) credit lines intended to contribute to direct and indirect health expenditure in the fight against the Covid-19 pandemic.
In a letter signed by the competent Commissioners, Mr Dombrovskis and Mr Gentiloni, the European institution stresses that budgetary monitoring will be limited to checking that the funds...