Changes from report parliamentary committee draft to plenary report

Added(a) whether the general government debt-to-GDP ratio is above 90 %;

Added(b) whether the Council has decided on the basis of Article 126(6) of the TFEU that an excessive deficit exists;

Added(c) the Commission’s debt sustainability analysis of that Member State;

Added(d) the borrowing conditions of that Member State;

Added(e) the financial stability conditions in that Member State.

AddedThe Commission shall communicate its specific assessment to the EFC. Following an opinion from the EFC, the Commission may suspend the assessments referred to in paragraph 1a for five years if it concludes that over the medium-term there are no material risks to the capacity of the Member State concerned to repay the financial assistance received.

AddedThe Commission shall communicate its conclusions on the suspension of the assessments referred to in paragraph 1a to the competent committee of the European Parliament, to the EFC and to the parliament of the Member State concerned.

Added2b. After completing the procedure set out in paragraph 2a, the Commission shall provide a new assessment under that paragraph in any of the following cases:

Added(a) upon expiration of the suspension;

Added(b) if any of the circumstances referred to in paragraph 2a, point (a) or (b) change;

Added(c) if any of the circumstances referred in paragraph 2a, point (c), (d) or (e) materially worsen.’;

Added(e) paragraph 3 is replaced by the following:

Added‘3. The Commission shall conduct, in liaison with the ECB, review missions in the Member State under post-programme surveillance as warranted for the purposes of paragraphs 1a, 2a and 2b.’;

Added(f) the following paragraph 3a is inserted:

Added‘3a. The competent committee of the European Parliament may offer the opportunity to the Member State concerned to participate in an exchange of views on the progress made under post-programme surveillance.’;

Added(10) Articles 16 and 17 are deleted;

Added(10a) Article 18 is replaced by the following:

Added‘1. The European Parliament may invite representatives of the Council and of the Commission to enter into a dialogue on the application of this Regulation.

Added2. Information transmitted by the Commission to the Council or any of its preparatory bodies in the context of this Regulation or its implementation shall simultaneously be made available to the European Parliament, subject to confidentiality arrangements if necessary. Relevant outcomes of discussions held in Council preparatory bodies shall be shared with the competent committee of the European Parliament.

Added3. The Member State concerned may request the Commission to redact sensitive or confidential information, the disclosure of which would jeopardise public interests of that Member State. In such a case, the Commission shall liaise with the European Parliament and the Council regarding how the redacted information can be made available to them in a confidential manner in accordance with the applicable rules.’;

Added(11) the following Article 18a is inserted:

Added‘Article 18a

AddedAdministrative arrangements with the ESM and other relevant financial institutions

AddedThe Commission shall seek to establish the necessary administrative arrangements with the ESM and other relevant international financial institutions to ensure close cooperation when performing the activities provided for in this Regulation.’;

Added(12) in Article 19, second paragraph, point (c) is replaced by the following:

Added‘(c) the contribution of this Regulation to achieving sustainable and inclusive growth and social and economic resilience.’.

AddedThis Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

AddedThis Regulation shall be binding in its entirety and directly applicable in the Member States in accordance with the Treaties.

AddedDone at Brussels,

AddedFor the European Parliament For the Council

AddedThe President The President