EU budget for the future : deepening Europe's Economic and Monetary Union : reform support programme

Building on the vision set out in the Five Presidents' Report, the Commission presented its roadmap for deepening Europe's Economic and Monetary Union in December 2017. As a next step, in the Multiannual Financial Framework, the Commission is proposing a Reform Support Programme alongside a European Investment Stabilisation Function. The Reform Support Programme will provide support for priority reforms in Member States. It comprises three different elements: a Reform Delivery Tool, to provide financial support to reforms; a Technical Support Instrument, to provide technical expertise; and a Convergence Facility, to boost support for Member States wishing to join the euro. The programme will be voluntary, with no co-financing required from the Member States. The overall size of the budget of the Programme is € 25 billion. It builds on the experience of the Structural Reform Support Programme.