Meeting of EU Finance Ministers in Luxembourg

EU Finance Ministers adopted the recommendations which the Commission had proposed on 29 May under the Excessive Deficit Procedure (EDP) and approved country-specific recommendations under this year's European Semester. The Council also extended the maturities of EFSM loans to Ireland and Portugal. Moreover, euro area Member States adopted a recommendation in favour of a proposal to allow Latvia to join the euro area in 2014.

Excessive Deficit Procedures (EDP)

>> Excessive deficit procedure: Council extends deadlines for Spain, France, Netherlands, Poland, Portugal and Slovenia

>> Council closes excessive deficit procedures for Italy, Latvia, Lithuania, Hungary and Romania

>> Council steps up excessive deficit procedure for Belgium

>> Council reopens excessive deficit procedure for Malta

Country-specific recommendations

>> Country-specific recommendations on economic and fiscal policies

EFSM loans

>> Council extends maturities of EFSM loans to Ireland, Portugal

The Euro for Latvia

>> Euro area countries recommend Latvia euro accession