European Commission staff, in liaison with staff from the European Central Bank (ECB), visited Cyprus from 26 to 30 September to conduct the first post-programme surveillance (PPS) mission. This visit also served as specific monitoring in the framework of the EU Macroeconomic Imbalance Procedure. It was coordinated with an International Monetary Fund (IMF) staff visit. Staff from the European Stability Mechanism (ESM) also participated in the mission on aspects related to its Early Warning System.
In September 2016, the DG ECFIN flash estimate of the consumer confidence indicator increased markedly in the EU (by 1.3 points to -6.4) compared to August. In the euro area it edged up by 0.3 points to -8.2.
This report by the European Commission presents the findings of the fifth post-programme surveillance mission to Ireland and identifies remaining challenges for the Irish economy.
This report by the European Commission presents the findings of the fourth post-programme surveillance mission to Portugal and identifies remaining challenges for the Portuguese economy.