CONCLUSIONS OF THE LI COSAC
Athens, 15-17 June 2014
1. The Bi-annual Report
1.1
COSAC welcomes the 21st Bi-annual Report prepared by the COSAC Secretariat and
warmly thanks the Secretariat for its excellent work. The Report provides extensive and
useful information on the future of COSAC, on interparliamentary cooperation and in
particular on cooperation between national Parliaments and the European Parliament and
examines how social and employment related policies can be better monitored, coordinated
and scrutinised at the European and national level. It also explored ways to enhance
democratic legitimacy and accountability in national budgetary, fiscal and economic policy in
the framework of the European Semester and focused especially on the issue of parliamentary
scrutiny over the "Troika's" (European Central Bank, European Commission and
International Monetary Fund) working methods in cases of countries under macroeconomic
adjustment programmes.
2. The Future of COSAC
2.1
COSAC welcomes the diversity of ideas expressed by a large majority of EU
Parliaments in relation to its future development with a view to adapting to the evolving
landscape of interparliamentary cooperation.
2.2
COSAC notes that EU Parliaments largely expressed the view that both policy and
institutional issues should be included on the agenda of future meetings. In this respect,
COSAC encourages future Presidencies to take into consideration the proposals submitted by
the Parliaments in the Bi-annual Report. COSAC welcomes the call for developing further
exchanges of information and best practices on the subsidiarity principle checks in the
framework of COSAC following the issuing of two "yellow cards". Furthermore, it takes
particular notice of the mechanisms put forward by the majority of the Parliaments and
primarily the discussion in COSAC meetings of the European Commission's response to a
"yellow card" and deplores the peremptory override of the EPPO yellow card by the
Commission despite the threshold being reached and passed by national Parliaments.
2.3
COSAC acknowledges the importance attributed to networking between members of
Parliament and therefore supports, amongst others, initiatives that enhance closer cooperation
between Members on specific issues of common interest, such as formal and informal
meetings of members of Parliaments. Recalling that parliamentary cooperation should be
open and inclusive, COSAC welcomes the inaugural meeting of Chairpersons of Committees