Today, the Commission presented to the ECOFIN Council the Country Reports it published on 26 February as part of the new streamlined European Semester of economic policy coordination. The Council had a first exchange of views on the reports, which analyse Member States' economic policies. It will return to these discussions in May. The Council also adopted the Commission's proposal for a Council recommendation to France, setting a new deadline for France to correct its excessive deficit and bring it below 3% by 2017.
This will require an improvement in the structural fiscal balance of 0.5% of GDP in 2015, 0.8% of GDP in 2016 and 0.9% of GDP in 2017.
The recommendation includes strict milestones for the fiscal adjustment path that will be assessed regularly by the Commission and by the Council. (...)
This will require an improvement in the structural fiscal balance of 0.5% of GDP in 2015, 0.8% of GDP in 2016 and 0.9% of GDP in 2017.
The recommendation includes strict milestones for the fiscal adjustment path that will be assessed regularly by the Commission and by the Council. (...)
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