Recommendation for a Council Recommendation on the implementation of the broad guidelines for the economic policies of the Member States whose currency is the euro

Since its creation, the Eurogroup has played a pivotal role and has a special responsibility in the economic governance of the euro area. The economic crisis clearly exposed the close interrelations in the euro area, underscoring the need for a coherent aggregate policy stance which reflects the strong spillovers between countries whose currency is the euro, for effective arrangements for policy coordination to swiftly respond to changes in the economic environment.

EUR-Lex: COM(2012)301: Follow the progress of this document through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2012:301:FIN

European Commission: SWD(2012)301: Assessment of the 2011 national reform programmes and stability programmes for the Euro Area http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SWD:2012:0301:FIN:EN:PDF

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