Equally important, reinforced the statistical governance needs to be part and parcel of the framework, and important progress also in this regard is the merit of this Committee’s intervention. The new macroeconomic surveillance framework represents an important addition to the EU surveillance toolbox.
The scoreboard is a key element in this [and I am aware that Parliament is very attached to its involvement in this respect]. Let me stress that the scoreboard is a means to an end – namely the detection of macroeconomic imbalances that threaten the proper functioning of monetary union.