| Author (Person) | Spiegel, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 8.6.11 |
| Publication Date | 08/06/2011 |
| Content Type | News |
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The European Commission adopted on the 7 June 2011 27 sets of country-specific recommendations, plus one for the euro area as a whole, to help Member States gear up their economic and social policies to deliver on growth, jobs and public finances. These sets of recommendations were part of the European Semester, whereby, for the first time in 2011, Member States and the Commission began coordinating their economic and budgetary policies. Once priorities had been agreed at EU level, Member States presented their nationals programmes which the Commission has now fully assessed through these tailored, targeted and measurable recommendations. Spain has adopted overly optimistic economic growth assumptions in its near-term budget plans and runs the risk of its public pension system destabilising government finances, the report for Spain suggested, and which could force Madrid to embark on another round of economic reforms. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Belgium, Europe, France, Spain |
