Article 2
1. A precondition for granting the Union’s macro-financial assistance shall be that Egypt continue to make concrete and credible steps towards respecting effective democratic mechanisms, including a multi-party parliamentary system, and the rule of law, and guaranteeing respect for human rights. 2. The Commission and the EEAS shall monitor the fulfilment of the precondition set out in paragraph 1 throughout the life-cycle of the Union’s macro-financial assistance. 3. Paragraphs 1 and 2 of this Article shall apply in accordance with Council Decision 2010/427/EU ( 7 ) .