EFB

EFB stands for European Fiscal Board

The Commission is setting up an independent advisory European Fiscal Board to i) evaluate the implementation of the EU fiscal framework, ii) advise on the fiscal stance appropriate for the euro area as a whole, iii) cooperate with the national fiscal councils of the Member States and iv) provide ad-hoc advice on the request of the President. The Board will be a functionally independent body composed of five experts, hosted by the Commission.

In the news

 * Voxeu.org, Reforming the EU fiscal framework: A proposal by the European Fiscal Board, published on 26 October 2018.