Solving the coordination issues at the European level is one of the main tasks of the Committee on Monetary, Financial and Balance of Payments statistics (CMFB), which brings together the senior managers responsible for statistics at Eurostat, the ECB, and the NSIs and NCBs of the EU Member States.
This Committee not only has a pivotal coordination function for European statistics, but also must play a key role in one of the most sensitive and crucial areas of statistics in Europe, that is, the statistics as part of the Excessive Deficit Procedure (EDP).