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Extracts from the press conference by Olli Rehn, on the Autumn Fiscal Package 2013

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On 15 November 2013, Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, gave a press conference on the autumn budgetary surveillance package announcements presented by the European Commission. It covers 13 euro area Member States and 3 non-euro Member States, with a special focus also on the euro area as an economic entity in its own right. For the first time, the Commission has issued opinions on euro area Member States' Draft Budgetary Plans. Assessments have also been published regarding compliance with Council recommendations under the Excessive Deficit Procedure (EDP), potential breaches of the debt and deficit criteria under the Stability and Growth Pact (SGP), and on certain Member States' plans for structural reforms with a budgetary impact outlined in their Economic Partnership Programmes (EPP).
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Type: EbS   Reference: I-083484   Date: 16/11/2013   Duration: 04:42
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