In the period 2010–2013, public sector employment fell by more than 25% or 200,000 employees. -  New institutional reforms were adopted that lay the foundations for ensuring the better control of public spending and improving public financial management. The Fiscal Compact, which provides for the establishment of an independent Fiscal Council to oversee fiscal developments, was transposed into national legislation.
Many countries will need to specify further credible consolidation measures for 2010 and beyond. Full and consistent implementation of the EU's legal provisions for sound fiscal policies is a prerequisite for the maintenance of their credibility as one of the pillars of the institutional framework of Economic and Monetary Union.