2018 European Semester: Spring Package

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Publication Date 23/05/2018
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Summary:

The European Commission released on 23 May 2018 the Spring Package of the annual European Semester, which is framework for economic policy coordinator within the European Union.

The Council of the European Union approved the draft Recommendations and Opinions on the member states' economic and fiscal policies on 22 June. The European Council endorsed them on 28-29 June.

Further information:

This package includes:

+ A Communication on country-specific recommendations (CSRs) and a set of individual recommendations;
+ Recommendation to abrogate the excessive deficit procedure (EDP) for France;
+ Reports on Belgium and Italy reviewing their compliance with the debt criterion;
+ Warnings to Hungary and Romania on significant deviation from the adjustment path;
+ Opinion on the update Draft Budgetary Plan (DBP) for Spain;
+ Communication on the review of the flexibility under the Stability and Growth Pact.

In parallel, the Commission also released its Convergence Report, which covers the seven non-euro area Member States that are legally committed to adopting the euro.

The 2018 European Semester was launched in November 2017, with the release of the Annual Growth Survey and the Euro area recommendations. In March 2018, the Commission released the Winter Package, which focuses on the national dimension of the economic policy.

Related Links
European Commission: CSRs - Commission Recommendations for each Member State https://ec.europa.eu/info/publications/2018-european-semester-country-specific-recommendations-commission-recommendations
European Commission: DG Economic and Financial Affairs: Institutional Paper 078: Convergence Report 2018 https://ec.europa.eu/info/publications/economy-finance/convergence-report-2018
European Commission: Fact Sheet: European Semester 2018 Spring Package explained http://europa.eu/rapid/press-release_MEMO-18-3847_en.htm
European Commission: Fact Sheet: The 2018 Convergence Report: Review of Member States' progress towards euro adoption http://europa.eu/rapid/press-release_MEMO-18-3827_en.htm
European Commission: Remarks by Commissioner Moscovici at the European Semester Spring Package press conference http://europa.eu/rapid/press-release_SPEECH-18-3905_en.htm
European Commission: Speakings by Commissioner Thyssen on the 2018 Country-Specific Recommendations under the European Semester http://europa.eu/rapid/press-release_SPEECH-18-3904_en.htm
European Commission: Remarks by Vice-President Dombrovskis at the European Semester Spring Package press conference http://europa.eu/rapid/press-release_SPEECH-18-3903_en.htm
European Commission: Press Release, 23.05.18: Commission issues recommendations for Member States to achieve sustainable, inclusive and long-term growth http://europa.eu/rapid/press-release_IP-18-3845_en.htm
European Commission: Press Release, 23.05.18: Commission releases 2018 Convergence Report: Review of Member States' progress towards euro adoption http://europa.eu/rapid/press-release_IP-18-3826_en.htm
Council of the European Union: Press Release, 22.06.18: Economic and fiscal policies: Country-specific recommendations approved https://www.consilium.europa.eu/en/press/press-releases/2018/06/22/economic-and-fiscal-policies-country-specific-recommendations-approved/

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