In a general context of economic slowdown (see EUROPE B12249A6), the European Commission encourages Member States, in its country-specific recommendations presented on Wednesday 5 June as part of the ‘European Semester’ budget process, to pursue the implementation of structural reforms and budgetary efforts, while focusing on targeted investments conducive to growth.
“The European economy is in much better shape than we found it”, said Valdis Dombrovskis, Commissioner for the...