The contract would entail clear goals in line with EU policies and measurable targets. These contracts could be useful in several instances, especially in the presence of “reform and bailout fatigue”, and constrained public finances. Third, the increasing level of integration within Europe calls for a new institutional design to ensure legitimation, accountability and democratic control.
On the one hand, Governments should ensure that national parliaments are appropriately informed and involved in decision processes. On the other hand, national parliaments are often not in the best position to incorporate the EU common interest in their decisions.