The European Fiscal Board: Questions and Answers

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Series Details MEMO/15/3481 (19.10.16)
Publication Date 19/10/2016
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The European Commission decided on 21 October 2015 to set up a European Fiscal Board as an independent advisory board on fiscal matters. The decision is part of a strategy to complete the Economic and Monetary Union, following the release of the Five Presidents' Report on the same topic.

The board's role is to evaluate the implementation of EU fiscal rules, to advise the Commission on the fiscal stance appropriate for the euro area as a whole and to cooperate with Member States' national fiscal councils.

The European Fiscal Board consists of a Chair and four Members, and is supported by a Secretariat. The Chair and Members are experts on fiscal policy, public finances and macroeconomics, with experience in European economic governance and the EU's fiscal rules.

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