By 1 January 2014, and every five years thereafter, the Commission shall submit to the European Parliament and to the Council a report on the application of this Regulation, accompanied, where appropriate, by a proposal to amend this Regulation. The Commission shall make that report public.
The reports referred to in the first subparagraph shall evaluate, inter alia:
(a)
the effectiveness of this Regulation;
(b)
progress in ensuring closer coordination of economic policies and sustained convergence of economic performance of the Member States in accordance with the TFEU;
(c)
the contribution of this Regulation to the achievement of the Union’s strategy for growth and jobs.