Strengthening of Eurostat Powers to Check National Accounts

We all know the background story – Greece had certain problems with its statistical data record, so to speak. Now the Council has adopted an amendment of the regulation on statistical data that is used by the Commission in the excessive deficit procedure. From now on the Commission service Eurostat will be entitled to have access to the accounts of government entities at central, state, local and social security levels, including the provision of underlying detailed accounting information, relevant statistical surveys and questionnaires and further related information.

This is a classical example of an ex-post strengthening of the regulatory framework. Let’s hope it works this time.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s