The European Commission’s new proposed Regulation 2011/0386 for monitoring draft budgetary plans of Member States applies to everyone in the Euro area but not the European Union. For the Commission, the Council of Ministers and the Parliament OPAQUE rules apply. WHO MONITORS THE MONITORS? “Strong public finances are best ensured at the planning stage and [...]

‘The time has come to start re-aligning EU financing with the principles of autonomy, transparency and fairness and equipping the EU to reach its agreed policy objectives.‘ These are the words of European Commission’s ‘A Budget for 2020‘ — its proposals for a multi-annual financial framework (MFF) 2013-2020. The proposal was presented by Commission President [...]