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Image header Agence Europe
Europe Daily Bulletin No. 13722
ECONOMY - FINANCE - BUSINESS / Economy

European Commission proposes to adjust certain provisions of European economic governance framework to 2024 reform of Stability Pact

On Thursday 2 October, the European Commission proposed a targeted revision of the European economic governance framework to bring it into line with the 2024 reform of the Stability and Growth Pact(see EUROPE B13348A8). By simplifying certain requirements without weakening the rules, this revision is likely to reduce the administrative burden on Member States.

The first legislative change introduced concerns the provisions relating to the imposition of possible financial penalties on a...

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