| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2013) 362 final (29.5.13) |
| Publication Date | 29/05/2013 |
| Content Type | Policy-making |
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On 28 November 2012, the Commission adopted the Annual Growth Survey[6], 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[7], in which it identified Italy 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[8] for Italy, under Article 5 of Regulation (EU) No 1176/2011. The Commission’s analysis leads it to conclude that Italy is experiencing macroeconomic imbalances, which require determined policy action. In particular, the loss of external competitiveness as well as high public indebtedness in an environment of protracted subdued growth continue to be identified as Italy's main macroeconomic imbalances. On 11 April 2013, Italy submitted its 2013 stability programme covering the period 2012-2017 and its 2013 national reform programme. Following this submission, the new government appointed on 28 April indicated the intention to strengthen the structural reform agenda, while confirming the budgetary targets put forward in the stability programme. In order to take account of their inter-linkages, the two programmes and the new measures taken by the government have been assessed at the same time. |
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| Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2013:362:FIN |
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| Countries / Regions | Italy |
