Economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability
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In interinstitutional negotiations (trilogues). Parliament and Council are working toward a provisional agreement, which would still need formal adoption to become law.
Last active 29 Apr 2026
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What this bill does
In plain terms: what it changes and who it affects.
This proposal updates euro-area crisis surveillance rules to fit the 2024 economic governance framework and make post-programme monitoring more targeted.
Who it affects
It affects euro-area Member States facing serious financial stability problems, seeking or receiving financial assistance, or exiting adjustment programmes.
Core of the proposal
- Links enhanced surveillance for precautionary aid to cases requiring new policy measures.
- Integrates national medium-term fiscal-structural plans into macroeconomic adjustment programme design.
- Focuses post-programme surveillance on repayment capacity, unfinished reforms, and needed corrective measures.
- Allows five-year suspension of regular post-programme assessments where repayment risks are not material.
Key provisions
- Takes effect
- It enters into force on the twentieth day following publication in the Official Journal of the European Union.
Articles changed · 13 across 1 law
- Regulation (EU) No 472/2013 (32013R0472)
- art. 1: replaces Article 1(1)(b)
- art. 2: replaces Article 2(3) first subparagraph; deletes paragraphs 4 and 5
- art. 3: replaces parts of Article 3; deletes paragraphs 2 and 4
- art. 5: replaces first subparagraph
- art. 6: replaces first and second subparagraphs
- art. 7: replaces several subparagraphs in paragraphs 1, 2, 4 and 12
- art. 10: deletes paragraph 1; replaces points in paragraph 2
- art. 12: deletes Article 12
- art. 14: replaces paragraphs 1, 2 and 3; inserts paragraphs 1a, 1b, 2a, 2b and 3a
- art. 16: deletes Article 16
- art. 17: deletes Article 17
- art. 18a: inserts new Article 18a on administrative arrangements
- art. 19: replaces second paragraph, point (c)
Latest update
04 Jun 2026The most recent development in this bill's progress.
Trilogues (interinstitutional negotiations) → Trilogues (interinstitutional negotiations)
Trilogues (interinstitutional negotiations) → Trilogues (interinstitutional negotiations)
Documents
1 recentSourcesOEILEUR-LexEU Law Tracker