Cyprus' fiscal targets have been met with considerable margins, reflecting the ambitious fiscal consolidation underway, prudent budget execution, and a less severe deterioration of economic activity than originally projected.
The EC, ECB and IMF issued a statement regarding the Tenth Review mission to Portugal (4-16 December 2013).
The programme remains on track, and further signs of recovery have emerged since the last review.
Spain has pulled back from severe problems in some parts of its banking sector, thanks to its reform and policy actions, with the support of the euro area and broader European initiatives.
The Product Market Review analyses the impact of product market reforms on economic performance.
This edition's focus is on the interaction between the real economy and the financial sector.