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EU gets close to finish reform recommendations for member states

Xinhua, February 27, 2015 Adjust font size:

The European Commission on Thursday outlined a series of country-specific documents setting out its analysis and updating its guidance where necessary, getting close to finish the reform recommendations for member states.

The package followed the adoption of the Annual Growth Survey for 2015 (AGS) which named seven countries with fiscal problems last November and set out the analytical basis for the adoption of country-specific recommendations (CSRs) in May.

Member states are expected to take into account the main policy implications arising from the assessment when drafting their National Reform Programmes and their Stability or Convergence Programmes.

In the case of France, the Commission will issue shortly a recommendation setting a new deadline to correct its excessive deficit. This recommendation is set to be adopted at the next ECOFIN Council meeting. Endit