| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/14/216 (05.03.14) |
| Publication Date | 05/03/2014 |
| Content Type | News |
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On the 5 March 2014, the European Commission published its conclusions emerging from the in-depth reviews (IDRs) carried out into 17 Member States' economies. In the same document, the Commission assessed progress in the correction of fiscal deficits in the Member States concerned, updating its opinions on Draft Budgetary Plans from 2013. Italy and France were among 14 nations deemed to have "macro-economic imbalances" in their economy by the EU executive in this series of reports. The Commission also urged Germany to curb its trade surplus, identifying it as a risk to the eurozone economy. The country’s huge exports should be matched with higher domestic consumption and investment. This is a key step in the now well-established European Semester of economic policy coordination, the yearly economic governance cycle through which the Commission works with the Member States to create the conditions for sustainable growth and employment based on sound public finances, in line with the Europe 2020 growth strategy. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-216_en.htm |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
