Fiscal Governance and Budgetary Surveillance Reform in the EU

29  November 2010    4:00 pm CET

Anna Iara, European Commission


wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (entrance from the ground floor)


In the course of the financial, economic, and euro-area sovereign debt crisis respectively, shortcomings of the EU economic governance system have become apparent. On 29 September, the European Commission put forward a legislative package of reform proposals to strengthen and extend the existing instruments for economic and fiscal policy co-ordination in the EU. The presentation will discuss the reform proposal with a particular emphasis on fiscal governance at the level of the member states. Besides it will present for discussion ongoing analytical research on the impact of national rules-based fiscal governance on sovereign bond spreads in the euro area