It is important that the European Council rapidly evaluate these proposals, jointly with those of the Commission, and come up with an effective decision that tackles the two main weak points of the SGP (in both the 1997 version and the 2005 revision): (i) the absence of incentives and sanctions for fiscal behaviour in good times, and (ii) the lack of an independent enforcer of EU rules.
It gives an unwavering assurance that through progress or crisis, the public would remain committed to pull the strings for development. Challenges The adoption of the standards only provides the gateway to achieving good governance. Several other hurdles will bask along the way as we strive to reach this goal.