EU Member States are making progress in addressing imbalances in their economies. They have also advanced in carrying out the country-specific recommendations issued last year, although to varying degrees across countries and policy areas. These efforts are key in strengthening the European recovery and fostering convergence. They also reflect the focus of this year's European Semester: re-launching investment, implementing structural reforms and pursuing responsible fiscal policies.
After exiting its financial adjustment programme on 31 March 2016, Cyprus was reintegrated into the regular cycle of European economic policy coordination, including the Macroeconomic Imbalance Procedure. The Commission adopted an in-depth review (IDR) for Cyprus on 7 April 2016. This infographic has been updated accordingly.