This can be done through greater use of the Treaty's broad economic guidelines and multilateral surveillance procedures.

The Treasury will not define what "multilateral surveillance" means.

Paradoxically, therefore, there is a risk that in the name of respecting human rights a highly undemocratic multilateral surveillance system will be set up.

You propose mechanisms for improving multilateral surveillance, and you are undoubtedly right, but this is based on two premises.

The managing director of the I.M.F. participated in the multilateral surveillance discussions.

This is like multilateral surveillance in stage 1 of Economic and Monetary Union - it is learning by doing.

Multilateral Surveillance and Policy Coordination 9.

The Commission has not sat idly by in recent times but has worked to bring the European Parliament more into the multilateral surveillance process.

Conditions of Competition and Multilateral Surveillance.

Without commitments to improve multilateral surveillance within the IMF and further involvement of economies other than the current members, little effective success can be foreseen.

However, the Council itself has accepted the establishment of multilateral surveillance systems, first of public deficits, and now of employment, which are also disciplinary in nature.

I am thinking in particular of Article 103(5), as regards multilateral surveillance, and Article 104c as regards excessive government deficits.

On the question of the so-called golden rule on investment, we can support references to Article 104(c) in the relevant paragraphs within the multilateral surveillance proposition.

We cannot deliver the future European Union budget without the instruments, along with multilateral surveillance, shared experience, and all the mechanisms that we have at our disposal.

In order to ensure strengthened coordination of Member States' economic policies and actions, it is necessary to broaden the procedures for coordination and multilateral surveillance.

Last September there was G-7 agreement on multilateral surveillance, and in October came the Baker-Miyazawa agreement.

"What we support is the idea of a follow-through on the Tokyo summit communique, which called for multilateral surveillance exercises by the major nations of the world," he said.

Legally enforcing and attempting to strengthen 'multilateral surveillance' within social policy sets out to remove any possibility national governments have to take measures which are different from those imposed by Brussels.

We are talking about preparing the Council technically with regard to three essential subjects: multilateral surveillance, the broad guidelines for economic policies and decisions to be taken under the excessive deficit procedure.

The third point is that the Member States should adapt to the process of multilateral surveillance and to a better coordination of their economic policies, in accordance with the aforementioned Regulation 1466/97.

On Tuesday he said, "We support the idea of following through on the Tokyo summit communique of multilateral surveillance exercised by the major industrial countries, and we're pursuing that objective."

There has been progress in the multilateral surveillance and coordination of economic policies with a view to ensuring internal consistency of domestic policies and their international compatibility. . . . 11.

This is why the Commission has highlighted the need to reinforce EU multilateral surveillance procedures based on intensified peer pressure to identify and tackle vulnerabilities in Member States at an early stage.

They continued the process of multilateral surveillance of their economies pursuant to the arrangements for strengthened economic policy coordination agreed at the 1986 Tokyo Summit of their heads of state or government.

Critical Assessments As it does with all its members under its multilateral surveillance operation, the fund is already starting to make candid, critical assessments of the economic performance of the Soviet Union.