Stability and Growth Pact: Implementation of the “comply or explain rule” (March 2015)

26-03-2015

In accordance with Regulation 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (Article 2ab) and in accordance with Regulation 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure (Article 2a), the Council is, as a rule, expected to follow the recommendations and proposals of the Commission or explain its position publicly ["comply or explain"]. This document presents recent developments regarding the implementation of this rule, including the case of the recently revised recommendation to France under the Excessive Deficit Procedure (EDP).

In accordance with Regulation 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (Article 2ab) and in accordance with Regulation 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure (Article 2a), the Council is, as a rule, expected to follow the recommendations and proposals of the Commission or explain its position publicly ["comply or explain"]. This document presents recent developments regarding the implementation of this rule, including the case of the recently revised recommendation to France under the Excessive Deficit Procedure (EDP).