This paper reviews the public pension schemes and the pension models used for the projections carried out by the Economic Policy Committee and the European Commission on age-related expenditure in 2005. The pension schemes are described as they were in force in 2005, including the effects of pen...
In last year's In-Depth Review (IDR), the Commission concluded that France was experiencing serious macroeconomic imbalances, in particular as regards developments related to export performance and competitiveness. In the new Alert Mechanism Report (AMR) published on 28 November 2012, the Commis...
Romania is experiencing macroeconomic imbalances, which require policy action and monitoring. In the three consecutive EU-IMF programmes, external and internal imbalances have been significantly reduced. However, risks from the relatively large negative net international investment position and ...
In this Occasional Paper the Directorate General for Economic and Financial Affairs brings together into a single document the economic chapters of the 2007 Progress Reports on progress made towards meeting the accession criteria of each candidate1 and potential2 candidate country. The European ...
The government wage bill represents a significant share of total public expenditures. Given its relevance, developments of government wages are likely to produce significant effects on the whole labour market, public finances and the overall economy. This paper looks at the interlinkages and int...
The report assesses compliance with the terms and conditions set out in the updated MoU. The MoU was updated following the fourth review mission and was agreed between the Cypriot authorities and the programme partners, i.e. the European Commission (EC), the European Central Bank (ECB), and the ...
Spain is experiencing macroeconomic imbalances, which require decisive policy action and specific monitoring. Spain exited the financial assistance programme for the recapitalisation of financial institutions in 2014 and is currently subject to post-programme surveillance and European Semester s...
This in-depth review (IDR) takes a broad view of the Swedish economy in line with the scope of the surveillance under the macroeconomic imbalance procedure (MIP)....
In May 2012, the Commission concluded that Italy was experiencing serious macroeconomic imbalances, in particular related to the high government debt and declining external competitiveness. In the Alert Mechanism Report (AMR) published on 28 November 2012, the Commission found it useful, also ta...
Belgium continues to experience macroeconomic imbalances, which require monitoring and policy action. In particular, developments with regard to the external competitiveness of goods continue to deserve attention as a persistent deterioration would threaten macroeconomic stability....
