Regulatory Alerts2025-11-18
Opinion of the European Central Bank on a proposal for a fiscal simplification package containing targeted changes to certain Union economic governance rules
The European Central Bank welcomes a proposal for a fiscal simplification package that aligns euro area economic governance rules with the comprehensive 2024 Union reform and reduces reporting burdens for Member States. The opinion supports specific amendments to Regulations (EU) No 1173/2011, 473/2013, and 472/2013, particularly clarifying enhanced surveillance for precautionary financial assistance and streamlining post-programme surveillance procedures. Additionally, the ECB approves changes to Regulation (EC) No 332/2002 to diversify funding strategies for balance of payments facilities, thereby increasing efficiency and cost-effectiveness.
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