As regards statistics, the new Council Regulation of July 2010 should be followed up with deeds; in particular with more resources devoted to fiscal data and its verification by Eurostat. 2. The Commission ideas currently on the table provide too little in terms of streamlining the procedures and hence making them more effective.
We have seen many times in the past that procedures are too lengthy and laborious before effective action can be undertaken to incentivise or enforce on Member States a correction in their fiscal developments. So far, procedures have been launched only on the basis of the notification by the Member States.