Thursday April 17, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
European Council adopts 'two-pack,' including closer fiscal surveillance

The European Council adopted on Monday the so-called «two-pack» of fiscal regulations aimed at further improving economic governance and coordination in the eurozone.

The two-pack consists of “a regulation on enhanced monitoring and assessment of draft budgetary plans of euro area member states, with closer monitoring for those in an excessive deficit procedure” and “a regulation on enhanced surveillance of euro area member states that are experiencing or threatened with serious financial difficulties, or that request financial assistance”.

Under the regulations, which were approved by the European Parliament in February, each member state will have to submit by October 15 its draft budget for the following year.

“If an examination of the draft budget reveals a serious non-compliance with the budgetary obligations laid down in the Stability and Growth Pact, the Commission will request a revised draft budget,” said the EU Council.

Also, the regulations mean that a member state experiencing “severe financial disturbance or receiving precautionary financial assistance” will come under enhanced surveillance.

ekathimerini.com , Monday May 13, 2013 (13:40)  
Euro award institutions choose Greece
Mission to woo Russian visitors
IOBE: Reforms are the only way for economy to return to growth
Piraeus steals show as stock index recovers
Judges warn GD holdups over lifting of immunity could lead to suspects´ release
The magistrates handling the investigation into the neo-Nazi Golden Dawn party’s alleged illegal activities warned Parliament Wednesday that some of the suspects in the case could be release...
Tensions in SYRIZA as EP election list finalized
Leftist opposition SYRIZA on Wednesday announced another six of its candidates for next month’s European Parliament elections, following a stormy session of the party’s political secretariat...
Inside News
SOCCER
Greek soccer turns fishier than ever
Soccer in Greece reached new lows in scenes unseen since the national team’s triumph in Euro 2004, as PAOK and Olympiakos served up a cup semifinal with PAOK emerging as the winner and the s...
BASKETBALL
Greens within a whisker of upsetting CSKA Moscow
Panathinaikos came mighty close to snatching home advantage from CSKA Moscow in Game 1 of the Euroleague play-offs on Wednesday, but eventually succumbed to its host in Russia in overtime, w...
Inside Sports
COMMENTARY
Stopping the madness
Greek society is threatened by an overdose of madness and hatred. To be sure, behind the rise of polarization and of extreme – sometimes extremist – views is the harsh reality of the debt cr...
EDITORIAL
Fundamental contradictions
The deep division running through the ranks of the country’s main opposition party regarding the euro and how Greece’s negotiations with its partners and creditors ought to be carried out is...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek soccer turns fishier than ever
2. Greens within a whisker of upsetting CSKA Moscow
3. Euro award institutions choose Greece
4. Mission to woo Russian visitors
5. IOBE: Reforms are the only way for economy to return to growth
6. Piraeus steals show as stock index recovers
more news
Today
This Week
1. EU struggles to unpick the knot of Russia-Ukraine gas logistics
2. Stormy weather expected in northwest, central Greece
3. Greece to assist search for remains of Turkish pilot
4. Illegally claimed pensions cost state over 12.5 million euros
5. Bad weather leaves northwest town powerless
6. University admission exams to commence May 28
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Time to take a hard look at debt sustainability, says OECD chief
3. For faith and country
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
6. Samaras sees no need for third bailout
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.