martedì 10 marzo 2015

European Commission - PRESS RELEASES - Press release - European Semester 2015: country-specific updates

What is the Commission adopting today? 
The Commission takes the next step in the 2015 European Semester cycle by presenting today a series of country-specific documents setting out its analysis and updating its guidance where necessary.

This includes:

27 Country Reports and one euro area report (staff working documents) analysing the economic policies of each Member State and the euro area as a whole.

For 16 Member States identified in the Alert Mechanism Report last November, the results of in-depth reviews related to macroeconomic imbalances are integrated in the reports.

New steps under the Macroeconomic Imbalance Procedure (MIP) and the Stability and Growth Pact (SGP) for some Member States.

A "Chapeau" Communication summarising the main findings of the package.

The package follows the adoption of the Annual Growth Survey for 2015 (AGS) last November and sets out the analytical basis for the adoption of Country-Specific Recommendations (CSRs) in May.

As announced in AGS, it is the first time the Commission presents the economic surveillance package in this format and publishes Country Reports so early in the Semester cycle.

In the past the reports - which were then called Staff Working Documents – were presented together with the Country-Specific Recommendations in May/June. (Only the in-depth reviews which are now embedded in the Country Reports were published in March.)

Advancing the date of publication by three months allows more time for scrutinising the analysis and for discussions on EU and Member States level.

This should also help to enhance national discussion and ownership of the European Semester process.(...)

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