Monitoring of the Greek reforms: the chance for a new start
The latest developments of the Greek crisis have shown the need for more transparency and democracy, at the European level. The lack of public cross-border debate confronting all stakeholders has propagated a lot of misinformation and generated mistrust.
The European Parliament (EP) as the place of European democracy, with its directly elected representatives of the European citizens, can contribute to solving the Greek crisis by providing a forum where the reforms are monitored in a transparent way.
In concrete terms, monitoring of the Greek reforms could take the form of:
– a regular debate in the plenary of the EP; it could adopt, every 6 months, a resolution on the progress of the program, after having invited the Greek government and the Institutions to provide their assessments;
– regular meetings of the ECON committee or an “ad-hoc” subcommittee, every 2 months; participants: MEPs, Commissioners in charge, chair of the Eurogroup, representatives of the Greek authorities and, where relevant, the European Central Bank or the Single Supervisory Mechanism on the implementation of the reforms;
– regular technical meetings (staff level of the ECON Committee of the EP, the European Commission, the Eurogroup, the Greek authorities and, where relevant, the European Central Bank or the Single Supervisory Mechanism) on the detailed implementation of the reforms.
This monitoring could build on the current economic dialogue enshrined in the existing European legislation (6-pack and 2-pack).