Kicking off the 'European Semester' budgetary process for 2018 on Wednesday 22 November, the European Commission stressed the need to make use of the current dynamism in the European economy to continue reforms and the cleansing of the financial sector to better prepare the member states for an economic downturn in the future.
Aside from the autumn economic forecasts, predicting an average growth of 2.2% of GDP in the Eurozone (see EUROPE 11901), the launch of this budgetary exercise at...