During today's debate on “Future legislative reform of the #EconomicGovernance Framework in times of social and economic crisis” I emphasized: reforms are good if they are effective, bring tangible results and imply less burden.
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Concerning the COM proposal, there are more questions than answers.
I asked the COM what the guarantee is that debt sustainability calculations are well-founded and they lead to simplification.
The COM proposal entails the risk that the procedures become excessively subjective and the Commission's competences would increase. By this Member States‘ ownership over the whole procedure is more than dubious.
There are doubts also about compatibility of the new tool for the verification of the implementation of the reforms & investments with economic & debt sustainability.
As a non-euro zone MEP I also asked how this new instrument will relate to the excessive deficit procedure.
🐦🔗: https://nitter.eu/GyoriEniko/status/1595348761181671424