still to be employed. Implement reforms to increase employment participation rates. Healthcare system reforms, focused either on reducing overall costs through implementing more cost efficient systems, or alternatively introducing certain level of privately paid healthcare contributions. To further safeguard fiscal sustainability, one of the most stringent conditions of the pact is given with respect to also implementing national fiscal rules: "Participating Member States commit to translating EU fiscal rules as set out in the Stability and Growth Pact into national legislation." When implementing a balanced budget amendment, Member States are free to choose the type of legislation instrument (i.e. constitutional law or framework law), as long as it impose a "sufficiently strong binding" condition and a "durable nature". The law-enforced rule, needs to be fully compliant with the Stability and Growth Pact rules, but the exact formulation of the rule is up for each country to decide, as it could either be a "debt brake rule, or a rule related to the primary balance or an expenditure benchmark rule." Additionally, in case sub-national levels of the general government have autonomy to issue debt or other liabilities, the rule should ensure enforcement of fiscal discipline both at the national and sub-national levels. Financial stability The Financial stability will be measured quantitatively for each country with respect to its "level of private debt for banks, households and non-financial firms." With assistance from the President of the European Systemic Risk Board, the countries will be regularly informed on their present state of macro-financial stability, and will be expected to put into place "national legislation" to resolve potential problems. In addition, all participating Member States commit to adopt a fully community acquis compliant national legislation for banking resolution. Tax policy coordination The Euro Plus Pact does not entail any specific commitments on tax policy initiatives, other than to briefly outline that member states commit to engage in discussions about it through a regular "structured dialogue". Tax policy coordination is expected to help strengthen the sharing of best practices and fight against tax fraud and evasion. Direct taxation remains a national competence for each Euro Plus Pact member to decide upon individually. The European Commission had presented a proposal to introduce a Common Consolidated Corporate Tax Base (CCCTB) with appliance for all EU member states already back in March 2011, which if agreed could be a revenue neutral way to ensure consistency among national tax