EU ambassadors confirmed the agreement reached between the Austrian presidency and the Parliament on 11 July to increase the budget of the structural reform support programme (SRSP).
EU institutions also agreed that the SRSP could be used to support structural reforms as part of member states' preparations to join the euro area. This will complement the programme's initial objective of helping support the implementation of reforms aimed at sustaining growth in the context of EU economic governance, as well as own-initiative structural reforms.
The text will now undergo legal and linguistic finalisation. The Parliament is expected to vote on the final text in September. Adoption by the Council and publication in the OJ should follow shortly after.
Full press release
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