The economic crisis has prompted intense and sustained action by the EU's national governments, the European Central Bank and the Commission. All have been working closely together to support growth and employment, ensure financial stability, and put in place a better governance system for the future.
The Task Force has made steady progress in assisting the Greek authorities, in a spirit of solidarity, to help implement a wide range of reforms agreed in the context of the economic adjustment programme for Greece and to maximise the use of EU Structural Funds.
European Commission Press release Brussels, 29 April 2013 Today, the Commission's Task Force for Greece (TFGR) presents its fourth quarterly report on technical assistance for Greece. The Task Force has made steady progress in assisting the Greek authorities, in a spirit of solidarity, to help implement a wide range of...
Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) have concluded their review mission to Greece. The mission has reached staff-level agreement with the authorities on the economic and financial policies needed to ensure the program remains on track to achieve its objectives.
The Eurogroup welcomes the staff-level agreement that has been reached between Cyprus and the Troika institutions on the policy conditionality underlying the macroeconomic adjustment programme. The agreement is fully in line with the parameters and key objectives set by the Eurogroup on 25 March.
European Commission MEMO Brussels, 10 April 2013 The lessons learned from the recent economic, financial and sovereign debt crisis have led to successive reforms of the EU's rules, introducing, among other things, new surveillance systems for budgetary and economic policies and a new budgetary timeline.
European MEMO Brussels, 10 April 2013 Commission What are the in-depth reviews? The in-depth reviews examine macroeconomic developments with the aim of analysing potential imbalances, their origin, nature and severity, and in particular of determining whether these imbalances are excessive in the sense of the Macroeconomic Imbalance Procedure.
European Commission Olli REHN Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Speech: ILO European Regional Meeting - High-level tripartite ILO/IMF/EC panel discussion - Oslo 9 April 2013 Ladies and Gentlemen, Regrettably, due to unforeseen circumstances and urgent business...
European Commission MEMO Brussels, 9 April 2013 The European Commission reaffirms its support to the Italian government's plan to accelerate the liquidation of the large stock of trade debt accumulated by the public administration. This will ease firms' liquidity constraints and thus assist economic recovery.
The European Commission welcomes that, following the decision of the Portuguese Constitutional Court on the 2013 state budget, the Portuguese Government has confirmed its commitment to the adjustment programme, including its fiscal targets and timeline. Any departure from the programme's objectives, or their re-negotiation, would in fact neutralise the efforts already made and achieved by the Portuguese citizens, namely the growing investor confidence in Portugal, and prolong the difficulties from the adjustment
The Cypriot authorities have put forward a multi-annual reform programme to address the economic challenges facing the country. Its goals are to stabilize the financial system and achieve fiscal sustainability in order to lay the foundations for a recovery of economic activity and the growth potential that will preserve the longer-term prosperity of the population.
The programme builds on important steps already taken by Cyprus to address the problems in the two largest banks and includes a set of measures aimed at ensuring a stable, sustainable and transparent financial sector.