On Monday 20 July, the Council of the European Union formally adopted socio-economic policy recommendations for each Member State and for the euro area as a whole.
This exercise is undertaken every year as part of the ‘European Semester’ budget process. It specific purpose is to provide guidance to Member States as they prepare their draft budget plans for the following year.
Under the EU Recovery Plan currently being negotiated in the European Council (see EUROPE B12532A1), Member...