However, the ECB considers that the framework needs to be more ambitious still for countries in the euro area:  10  BIS Review 167/2010    On fiscal surveillance, there is a need to enhance significantly the enforcement procedures for fiscal discipline, which should include in particular the quasiautomatic application of sanctions on the basis of clearly defined criteria and without scope for discretion through “exceptional circumstances” or waivers.
  On macroeconomic surveillance, the procedures need to be straightforward and use a maximum of analytical intelligence. The framework should focus on countries with vulnerabilities, competitiveness losses and high debt levels. Vulnerabilities should be detected on the basis of a limited number of indicators, which should automatically trigger an in-depth analysis of the country concerned when potential problems are revealed.