- 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"
- Comments on ECJ C-121/24: Non-payment of declared VAT does not constitute VAT fraud
- European Parliament Approves Simplifications to Carbon Border Adjustment Mechanism (CBAM)
- Comments on ECJ C-472/24: In-game gold: AG Kokott’s advice on VAT exemption, vouchers & margin scheme
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform