- Adoption of Country-Specific Recommendations (CSRs): The Council has adopted CSRs for each EU member state as part of the 2025 European Semester process, focusing on enhancing economic, social, employment, structural, and budgetary policies while emphasizing competitiveness and security, particularly in defense spending.
- Fiscal Discipline and Expenditure Growth: Member states are advised to adhere to the maximum net expenditure growth rates set by the Council, with those under an Excessive Deficit Procedure (EDP) required to tighten fiscal policies significantly to remain within corrective paths.
- Macroeconomic Imbalance Procedure (MIP): The Council approved conclusions on 2025 in-depth reviews under the MIP, aimed at identifying and addressing potential macroeconomic imbalances that could threaten economic stability within member states and the broader EU, while encouraging the effective implementation of the Recovery and Resilience Facility by August 2026.
Source
Latest Posts in "European Union"
- Commission calls on BELGIUM, FRANCE, and MALTA to fully implement the new EU VAT rules for the special SMEs scheme
- From matchmaker to supplier: deemed supplies and platform classification under EU VAT
- European Commission Report Highlights Uneven VAT Rate Exemptions Across EU Member States
- EU Packaging Regulation Faces Legal Challenges Over Reusability, Plastic Ban, and Deposit Requirements
- European Union Adopts Peppol PINT Billing Standard for E-Invoice Interoperability