| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2015) 258 final (13.5.15) |
| Publication Date | 13/05/2015 |
| Content Type | Policy-making |
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On 8 July 2014, the Council adopted a recommendation on Ireland’s National Reform Programme for 2014 and delivered its opinion on Ireland’s updated Stability Programme for 2014. On 28 November 2014, in line with Regulation (EU) No 473/2013, the Commission presented its opinion on Ireland’s draft budgetary plan for 2015. On 28 November 2014, the Commission adopted the Annual Growth Survey, marking the start of the 2015 European Semester of economic policy coordination. On the same day, on the basis of Regulation (EU) No 1176/2011, the Commission adopted the Alert Mechanism Report, in which it identified Ireland as one of the Member States for which an in-depth review would be carried out. On 26 February 2015, the Commission published its 2015 country report for Ireland. This assessed Ireland’s progress in addressing the country-specific recommendations adopted on 8 July 2014. The country report also includes the results of the in-depth review. The Commission’s analysis leads it to conclude that Ireland is experiencing macroeconomic imbalances which require decisive policy action and specific monitoring. In particular, Ireland completed the EU-IMF financial assistance programme in 2013 and is currently subject to post-programme surveillance and European Semester surveillance. Despite a marked improvement in the economic outlook, some risks continue to deserve close attention: the high levels of private- and public-sector indebtedness; remaining financial sector challenges, in particular with regard to banks’ profitability; and labour market adjustment marked by high structural unemployment. On 29 April 2015, Ireland submitted its 2015 National Reform Programme and on 30 April 2015 its 2015 Stability Programme. To take account of their interlinkages, the two programmes have been assessed at the same time. |
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| Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2015:258 :FIN |
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| Countries / Regions | Ireland |
