Annexes to COM(2020)55 - Economic governance review - Report on the application of Regulations 1173/2011 to 1177/2011, 472/2013 and 473/2013 and on the suitability of Council Directive 2011/85/EU - EU monitor

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Annexes to COM(2020)55 - Economic governance review - Report on the application of Regulations 1173/2011 to 1177/2011, 472/2013 and 473/2013 and on the suitability of Council Directive 2011/85/EU

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agreement (GLF), European Financial Stability Facility (EFSF), and the European Financial Stabilisation Mechanism (EFSM).

(31)

This was confirmed by the European Court of Auditors’ performance audit, see Special report No 17/2017: The Commission's intervention in the Greek financial crisis.

(32)

In addition, the surveillance of sovereign-bank spillovers has not played a central role within the framework, although their relevance for macroeconomic and financial stability remains.

(33)

Cf. Article 126(2) of the Treaty on the Functioning of the European Union.