The programme aims at restoring competitiveness and to put Portugal’s economy back on the path of sustainable growth, sound public finances and job creation. This report assesses compliance with the terms and conditions for the 1st Review of the Economic Adjustment Programme and summarises the f...
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...
A joint mission, including EC, ECB, EBA, EFSF, and IMF visited Madrid from 27 June to 4 July 2012 following a request by the Spanish government for external financial assistance under the terms of the Financial Assistance for the Recapitalisation of Financial Institutions by the European Financi...
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...
This in-depth review takes a broad view of the Bulgarian economy in order to identify actual or potential imbalances and the possible macroeconomic risks which they may entail. Following an economic boom in 2006-2008, the necessary adjustment is taking place. But the burden on the labour market ...
Greece made mixed progress towards the ambitious objectives of the first adjustment programme. Several factors hampered implementation : political instability, social unrest and issues of administrative capacity and, more fundamentally, a recession that was much deeper than previously projected....
This second review report provides an assessment of the progress made by Spain with respect to its Financial Assistance Programme for the Recapitalisation of Financial Institutions, based on the findings of a joint European Commission (EC)/European Central Bank (ECB) mission to Madrid during 28 ...
This vade mecum is a manual prepared by DG ECFIN presenting the procedures and methodologies for implementing the Stability and Growth Pact (SGP). It is primarily aimed at individuals and organisations working on public finance issues in EU countries, but should be of interest to anyone wanting ...