The Polish presidency of the EU Council announced that Member States' Permanent Representatives have formally confirmed the deal which was brokered by the Ecofin on 19 of September. Now the package must be voted by MEPs in plenary session and then, formally agreed by the Council without further discussion.

The Polish presidency of the EU announced the agreement reached among the Permanent Representatives to move forward on the so-called "six-pack" of measures is aimed at strengthening economic governance in the EU. The main measures set out on the package are to enhance budgetary discipline under the EU's Stability and Growth Pact, in order to ensure a satisfactory decline of public debt in the member states; and broaden the surveillance of the member states' economic policies, throughout an alert mechanism, so as to cater adequately for macroeconomic imbalances.

Members States' Finance ministers agreed on the “six-pack” of measures on 19 September, following an intense period of negotiations with the European Parliament. The compromise with MEPs resolves issues such as transparency and semi-automaticity, which means when adopting recommendations and decisions in the context of budgetary and macroeconomic surveillance, the Council is expected to, as a rule, follow the recommendations and proposals of the Commission or explain its position publicly; and a decision on non-compliance of Member States with the preventive arm of the Stability and Growth Pact is adopted by the Council if not rejected by simple majority, under certain conditions. Additionally, the compromise provides a new tool for early identification of excessive imbalances. Combined with a possibility to impose financial sanctions to those countries that do not take corrective action to reduce excessive imbalances, the Excessive Imbalance Procedure is a major step forward to prevent future crisis.

According to the Polish presidency the package on economic governance would enable the EU's monetary union to function properly in the long term. The measures set out to ensure the degree of coordination necessary to avoid the accumulation of excessive imbalances and to ensure sustainable public finances.