Recommendation for a Council Recommendation on Finland’s 2013 national reform programme and delivering a Council opinion on Finland’s stability programme for 2012-2017

On 28 November 2012, the Commission adopted the Annual Growth Survey, marking the start of the 2013 European Semester for 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 Finland 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 Finland, under Article 5 of Regulation (EU) No 1176/2011. The Commission’s analysis leads it to conclude that Finland is experiencing macroeconomic imbalances, which deserve monitoring and policy action. In particular, the substantial deterioration in the current account position and the weak export performance, driven by industrial restructuring, as well as cost and non-cost competitiveness factors, deserve continued attention.

On 18 April 2013, Finland submitted its 2013 stability programme covering the period 2012-2017 and its 2013 national reform programme. In order to take account of their interlinkages, the two programmes have been assessed at the same time.

• Primary Source

EUR-Lex: COM(2013)376: Follow the progress of this recommendation through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2013:376:FIN

EUR-Lex: SWD(2013)376: Assessment of the 2013 national reform programme and stability programme for Finland http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2013:376: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/

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