Governance of Economic Policy Reforms (Communication)

Already today are Euro countries liable for other Euro countries, on which policies they have no effect. On one hand do the proposed measures allow countries - albeit limited - to exert influence over one another. On the other hand are the measures reducing the liability of potential recipient states for their policy. Reform arrangements based on the Instrument should be legally binding. A binding arrangement could only be based on the “flexibility clause” (Art. 352 TFEU), which requires unanimity of the Council.