The European Union’s (EU) statistical agency Eurostat should gain formal independence from the European Commission, helping it freely assess European and national government accounts.
According to an EU Council of Ministers (finance) resolution: ‘Eurostat should be in a better position to analyse the quality of reported public finance data’.
It said its independence and powers should be ‘enhanced and formally established’ and it should receive ‘a complete set of government accounts as soon as they become available’.
The European Commission should also increase its surveillance of national government accounts. The EU has recently been embarrassed by revelations of dubious government accounting practices by the Greek and Italian governments.
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