Will the ESM analyse countries in non-crisis times?

The Commission and the ESM will meet informally to share assessments and analysis pertaining to their respective competences as well as to discuss and assess macro-financial risks. The Commission, in agreement with the Member State concerned, may also invite ESM staff to join its missions related to economic policy coordination and budgetary monitoring.

The Members of the Commission responsible for Financial Stability and Economic and Financial Affairs and the ESM Managing Director meet at least twice a year, also in non-crisis times, to discuss issues of common interest, including the main findings of the macro-financial risk analysis.