Press Release: Economic governance: Council confirms agreement with EP on ‘two-pack’

The Permanent Representatives Committee (Coreper) today (28.2.2013) agreed to a compromise reached with the European Parliament on 20 February on two draft regulations aimed at
further improving economic governance in the euro area.
This "two-pack" legislation includes:
– a regulation on enhanced monitoring and assessment of draft budgetary plans of euro area member states, with closer monitoring for those in an excessive deficit procedure;
– a regulation on enhanced surveillance of euro area member states that are experiencing or threatened with serious financial difficulties, or that request financial assistance.