The Commission issued a report that occupies an important place in the economic policy co-ordination process. The “report on the implementation of the 2001 Broad Economic Policy Guidelines” gives an account of how well the 2001 and earlier Broad Economic Policy Guidelines have been carried out.
The report serves two purposes:

• Firstly, it makes an assessment of the degree of implementation of the 2001 Broad Economic Policy Guidelines. As such it is part of the monitoring and surveillance process that takes place to ascertain that the recommendation are followed up.
• Secondly, it prepares the next Broad Economic Policy Guidelines. By comprehensively identifying which recommendations have been adopted and which have not, and by re-evaluating the 15 economies, the process of formulating the new recommendations is more meticulous.

The report consists of two parts:

• The first part is a Commission document. It evaluates the degree of implementation of the 2001 Broad Economic Policy Guidelines. It names the Member States where necessary.
• The second part is a working document from the Commission services. It evaluates for each Member State how the general recommendations and its country-specific recommendations have been implemented.

The first part of the report presents its essence, while the second part provides the details of the evaluation.