Role of the European Parliament
Article 27
1. The European Parliament shall be involved in a regular and structured manner in the European Semester in order to increase transparency, accountability and ownership for the decisions taken, in particular by means of the economic dialogue referred to in Article 28. 2. The Commission shall transmit to the European Parliament the national medium-term fiscal-structural plans submitted by the Member States. The Commission shall inform the European Parliament of its overall assessment of those national medium-term fiscal-structural plans. The competent committee of the European Parliament may by means of the economic dialogue referred to in Article 28 request the Commission to appear before it. On such occasions, the Commission may be invited to present its assessment of the national medium-term fiscal-structural plans. 3. The President of the Council and the Commission shall regularly inform the European Parliament on the results of the multilateral surveillance under this Regulation. 4. The President of the Council and the Commission shall include in their report to the European Parliament the results of the multilateral surveillance carried out under this Regulation. 5. The President of the Eurogroup shall report each year to the European Parliament on developments in the area of multilateral surveillance pertaining to the euro area. 6. The Commission shall prepare and transmit to the Council at least the following information and make that information available to the European Parliament without undue delay: (a) the debt sustainability assessments and its methodological framework, once published; (b) the national medium-term fiscal-structural plans submitted by the Member States, including the reference trajectories and the net expenditure paths, and any revisions thereof; (c) the annual progress reports submitted by the Member States; (d) the Commission assessments and recommendations to the Council pursuant to Articles 17 to 20 of this Regulation; (e) where relevant, the Commission’s analysis of the economic and social developments published as part of the European Semester; (f) Commission warnings pursuant to Article 121(4) TFEU; (g) in the case of activation of the escape clauses pursuant to Article 25 or 26 of this Regulation, the Commission’s analysis establishing that fiscal sustainability over the medium term will not be endangered. 7. The competent committee of the European Parliament may invite the Commission at least twice a year to provide information on the results of multilateral surveillance in the economic dialogue referred to in Article 28 of this Regulation.