Recommendation for a Council Recommendation on Malta’s 2013 national reform programme and delivering a Council opinion on Malta’s stability programme for 2012-2016

On 28 November 2012, the Commission adopted the Annual Growth Survey, marking the start of the 2013 European Semester of economic policy coordination. Also on 28 November 2012, the Commission, on the basis of Regulation (EU) No 1176/2011, adopted the Alert Mechanism Report, in which it identified Malta as one of the Member States for which an in-depth review would be carried out.

On 10 April 2013, the Commission published the results of its in-depth review for Malta, under Article 5 of Regulation (EU) No 1176/2011. The Commission’s analysis leads it to conclude that Malta is experiencing macroeconomic imbalances, which deserve monitoring and policy action. In particular, the banking sector and real estate market developments warrant close monitoring. The long-term sustainability of public finances requires policy attention.

On 30 April 2013, Malta submitted its 2013 stability programme covering the period 2012-2016 and its 2013 national reform programme. In order to take account of their interlinkages, the two programmes have been assessed at the same time.

EUR-Lex: COM(2013)368: Follow the progress of this recommendation through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2013:368:FIN

EUR-Lex: SWD(2013)368: Assessment of the 2013 national reform programme and stability programme for Malta http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2013:368:FIN

ESO: Background Information: Website: Stability and covergence programmes submitted by member states 2006- http://www.europeansources.info/record/website-stability-and-convergence-programmes-1998/

---