European Commission - European Semester 2019 Spring Package explained

European Commission - PRESS RELEASES - Press release - European Semester 2019 Spring Package explained

The European Commission has taken the next steps in the 2019 cycle of the European Semester of economic policy coordination. 

The package includes:

• A Communication on the 2019 European Semester: country-specific recommendations;
• Country-specific recommendations (CSRs) for 28 Member States;
• A recommendation to the Council to abrogate the Excessive Deficit Procedure (EDP) for Spain as it has brought its deficit below the 3% of GDP Treaty reference value (under Article 126(12) of the Treaty on the Functioning of the European Union (TFEU));
• Reports under Article 126(3) TFEU for Belgium, France, Italy and Cyprus;
• Warnings and recommendations to Hungary and Romania under the Significant Deviation Procedure
• The third Enhanced Surveillance Report for Greece

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What is new in the 2019 European Semester and country-specific recommendations?
In line with the Commission's analysis on Member States' investment needs and bottlenecks in the country reports, the 2019 country-specific recommendations include a stronger focus on investments.
Building on the findings of the 2019 country reports, this year there is also an investment-related recommendation for each Member State. These recommendations refer to regional and territorial disparities and aim to identify specific investment needs to ensure a more even economic and social development. This guidance is set to inform the programming of the EU Cohesion Policy Funds in the period 2021-2027.(...)