Amending Regulation (EU) No 472/2013 as regards the economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability
A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.
Where it stands: Parliament approved the text agreed with the Council on 6 October 2026. The Council must now adopt it formally before it is published as law.
- ✓ Referred to committee 23 October 2025
- ✓ Committee work Report adopted 14 April 2026
- ✓ Tabled for plenary 17 April 2026
- ✓ Negotiations with the Council Deal approved in committee 15 July 2026
- ✓ Plenary vote Adopted 6 October 2026
- 6 Published as law
How a file moves through Parliament
A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. For a law, Parliament’s adopted text is its first-reading position; Parliament and the Council then negotiate a common text (trilogues) which both must approve before it is published as law.
Who is working on it
- Lead committee
- ECON — Economic and Monetary Affairs
- Rapporteurs
- Markus FERBER PPECarla TAVARES S&D
- Shadow rapporteurs
- Enikő GYŐRI PfEDenis NESCI ECRBilly KELLEHER RenewRasmus ANDRESEN Verts/ALEPasquale TRIDICO The Left
- For opinion
- EMPL — Employment and Social Affairs
The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.
The text, version by version
Latest Tabled for plenary → Adopted by Parliament: Post-programme surveillance is refocused on repayment capacity and a tiered system allows the Commission to suspend regular assessments for five years after a specific assessment. Parliament gains access to Commission documents sent to the Council, and the Commission must inform committee chairs about macroeconomic adjustment programme preparation. The requirement for the Commission to communicate quarterly assessments to Parliament's committee is dropped, and the amendment of Article 18 is replaced by a new Article 18a on administrative arrangements. The national medium-term fiscal-structural plan must be taken into account in designing a macroeconomic adjustment programme, while a separate consistency requirement is dropped. The other changes are formal or wording: citations, punctuation, cross-references and rephrasings are updated. see the changes →
Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.
Timeline
- Plenary stage
- 6 October 2026 Plenary voteAdopted Adopted by a large majorityFor 458 Against 138 Abstained 61
Final vote on the provisional agreement at 13:39 · 70% of votes cast in favour · every MEP’s position →
Show all 2 ballots in voting order
1. Proposal to reject the text Proposal for rejectionRejectedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded2. Final vote on the provisional agreement 13:39 A10-0097/2026 – Markus Ferber, Carla Tavares – Provisional agreement – Am 2Adopted - 30 September – 2 October 2026 3 amendments tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
- Negotiations with the Council
- 15 July 2026 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 8 June 2026 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 6 May 2026 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 29 April 2026 Plenary endorsed the mandate to negotiate with the Council
Parliament’s negotiators can now seek a compromise text with the Council (in “trilogues”).
- Plenary stage
- 17 April 2026 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 14 April 2026 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 3 March 2026 Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
- 3 February 2026 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 23 October 2025 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; EMPL (Employment and Social Affairs) gives an opinion.