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European Union --- European Union.

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Social policy --- European Union

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Over the past decade, the European Commission, as the institution responsible for implementing the Community Budget, has taken an increasingly active interest in the effectiveness of the control measures applied by Member States to Community funds. Indeed, it is in the common interest of the Member States to exercise proper supervision of Community funds. The responses of EU Member States’ Supreme Audit Institutions (SAIs) to the Commission’s external audit procedures and requirements are divergent for various reasons, including legislative ones. This issue overview paper draws on the separate country papers which describe in more detail the different experiences of selected national SAIs in their co-operation with the Commission’s services and the European Court of Auditors (ECA). The present publication complements SIGMA Paper No. 19 Effects of European Union Accession — Part 1, Budgeting and Financial Control on the impact of accession on budgeting and financial control. In both cases, the approach adopted has been analysis of selected issues for reflection and debate.

Governance --- European Union

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Depuis 10 ans, la Commission européenne s’est préoccupée de plus en plus activement, dans le cadre de sa responsabilité dans l’exécution du budget communautaire, de l’efficacité du contrôle des fonds communautaire dans les États Membres. Une surveillance adéquate des fonds communautaires par les États Membres est d’ailleurs dans l’intérêt de l’ensemble d’entre eux. Plusieurs raisons, notamment législatives expliquent que les Institutions supérieures de contrôle (ISC) des États Membres réagissent différemment aux exigences et aux procédures de la Commission en matière de contrôle externe. Dans cette présentation générale, ou se référera aux études par pays qui décrivent de manière plus détaillée les différentes expériences des ISC nationales concernées dans leur coopération avec les services de la Commission et la Cour des Comptes européenne. La présente publication complète le document SIGMA N° 19 intitulé Incidences de l’adhésion à l’Union européenne : Partie 1 : Contrôles budgétaire et financier. Dans les deux cas, l’objectif poursuivi est de nourrir la réflexion et la discussion par l’analyse d’un certain nombre de problèmes.

Governance --- European Union

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For a long time European Economic and Monetary Union was mainly considered an internal European issue and external consequences were largely ignored. In contrast to most previous analyses, this paper looks at a number of international implications of monetary union. It is argued that several factors could contribute to the euro becoming an international currency in the future and a competitor to the US dollar in this respect. The degree of uncertainty attached to this outcome, however, remains considerable and in any event the emergence of the euro as a major international currency is likely to take some time. Given the expected size of the euro-zone and the likelihood of the euro becoming an international currency, fiscal and monetary policies in the area are likely to have a significant impact on the macroeconomic environment in the rest of the world. An important issue is how will monetary union affect major bilateral exchange rate developments and their volatility. A number of ...

Economics --- Euro Area --- European Union