Navigation path

Login   |   Register
 

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









Extracts from the common press conference by Olli Rehn László Andor, and Algirdas Šemeta on the country-specific recommendations

188 views

On 30 May 2012, the European Commission adopted its second annual set of policy recommendations to the 27 Member States, and to the euro area as a whole. On this occasion, Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, László Andor, Member of the EC in charge of Employment, Social Affairs and Inclusion, and Algirdas Šemeta, Member of the EC in charge of Taxation and Customs Union, Audit and Anti-Fraud gave a press conference at the European Commission in Brussels to present those recommendations which are based on a detailed assessment of the economic, employment and budgetary situation and policies in each country. Where required, the Commission will spell out further budgetary steps, structural reforms and growth-enhancing measures which Member States should adopt over the following 12 months. The recommendations are to be endorsed by the European Council on 28-29 June 2012 and formally adopted by the Council in July 2012. The presentation of the Country-Specific Recommendations is a key moment in the "European Semester" of economic policy coordination., Taking the EU's growth strategy as a starting point, the Commission sets out every year Europe's economic policy priorities in the so-called "Annual Growth Survey". The priorities presented in the 2012 Annual Growth Survey, adopted on 23 November 2011, were endorsed by the European Council on 1 March 2012. On that basis, the Member States submitted in April their medium-term budgetary plans and the structural reform measures planned for the following 12 months. The Country-Specific Recommendations are the Commission's response to these. The presentation of the results of the in-depth reviews of 12 Member States is the next step in the Macroeconomic Imbalances Procedure, following the Alert Mechanism report on 14 February. The Alert Mechanism Report concluded that the macroeconomic situation in Belgium, Bulgaria, Cyprus, Denmark, Finland, France, Italy, Hungary, Slovenia, Spain, Sweden and the UK merited further investigation with a view to assessing the presence of specific imbalances. Where necessary, the Commission will also issue recommendations to take appropriate preventive or corrective action to address these.
SHOTLIST INFO PRESS MEMO MEMO MEMO

Type: EbS   Reference: 85755   Date: 30/05/2012   Duration: 00:04:24
To download, please log in





Related media

Common press conference by Olli Rehn, László Andor, and Algirdas Šemeta on the ...
Ref: 85754
Date: 30/05/2012
Joint press conference by Olli Rehn, László Andor and Algirdas Šemeta on "Action ...
Ref: I-073485
Date: 30/05/2012
Extracts from the common press conference by Olli Rehn László Andor, and ...
Ref: 85755
Date: 30/05/2012
Video Player   Need some help?

You don't find what you are looking for? Ask us!


 
 
Investment plan


Wed 01/07
European Commission - Press release Brussels, 01 July 2015 On 30 June the first phase of transitional arrangements for Croatian workers came to an end. By that date Member States were required to notify the Commission whether they will maintain restrictions on access of Croatian citizens to employment during the...
Wed 01/07
European Commission - Press release Brussels, 01 July 2015 To mark Stage 1 of the Deepening of Europe's Economic and Monetary Union (EMU), which starts today (1 July 2015), the College of Commissioners had a first debate on the "Five Presidents' Report".
Wed 01/07
European - Press release Commission Brussels, 01 July 2015 The European Commission has welcomed the agreement reached last night on a proposal for a revised Directive on insurance sales, known as the Insurance Distribution Directive.
Wed 01/07
European Commission - Press release Brussels, 01 July 2015 The European Union is increasing its humanitarian response to help people affected by the crisis in eastern Ukraine, with a new aid package worth €15 million announced today by European Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides during his...
Wed 01/07
European Commission - Press release Brussels, 01 July 2015 As foreseen in its 2015 Work Programme, the Commission today reviewed progress on the draft Maternity leave Directive, which has been stuck in the legislative process since 2008.
Wed 01/07
European Commission - Press release Brussels, 01 July 2015 As foreseen in its 2015 Work Programme, the Commission today decided to withdraw two legislative proposals on which the co-legislators have not been able to find a timely political agreement, and to replace them with new initiatives in the 2016 Work...
Wed 01/07
European Commission - Daily News Daily News 01 / 07 / 2015 Brussels, 01 July 2015 Completing Europe's Economic and Monetary Union – College of Commissioners discusses first steps To mark Stage 1 of the Deepening of Europe's Economic and Monetary Union (EMU), which starts today (1 July 2015), the...
Wed 01/07
European Commission - EUROSTAT Brussels, 01 July 2015 In 2013, around 985 000 persons acquired citizenship of a Member State of the European Union (EU), up by 20% (or about 163 000 persons) compared with 2012. Of the total number of persons obtaining the citizenship of one of the EU...
Wed 01/07
European Commission - Statement Brussels, 01 July 2015 Today, the Commission discussed the next steps on the "5 Presidents' Report" on completing Europe's Economic and Monetary Union. Recent developments have created significant uncertainty about the future of Greece and its economy.
Tue 30/06
European Commission - Press release Vienna, 30 June 2015 Today’s trilateral gas talks in Vienna finished after meetings between the European Commission Vice-President Maroš Šefčovič, Russian energy minister Alexander Novak, Ukrainian energy minister Vladimir Demchyshyn and Naftogaz CEO Andriy Kobolev.

Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2015