Press conference by Olli Rehn, Vice-President of the EC, on the Winter economic governance package
Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, gave a press conference on the Winter economic governance package. The EC published on the same day its conclusions emerging from the in-depth reviews (IDRs) carried out into 17 Member States' economies. In the same document, the Commission assessed progress in the correction of fiscal deficits in the Member States concerned, updating its opinions on Draft Budgetary Plans from 2013. This was a key step in the well-established European Semester of economic policy coordination, the yearly economic governance cycle through which the Commission worked with the Member States to create the conditions for sustainable growth and employment based on sound public finances, in line with the Europe 2020 growth strategy.
Olli Rehn at the podium Reference:P-025165 Date:05/03/2014