Strasbourg, 8 March 2016 European Commission - Press release
European Semester 2016: fewer Member States have economic imbalances than a year agoEU Member States are making progress in addressing imbalances in their economies.
They have also advanced in carrying out the country-specific recommendations issued last year, although to varying degrees across countries and policy areas. These efforts are key in strengthening the European recovery and fostering convergence. They also reflect the focus of this year's European Semester: re-launching investment, implementing structural reforms and pursuing responsible fiscal policies.
The Commission decided last November that 18 Member States merited in-depth reviews to assess whether they were experiencing macroeconomic imbalances, and if so, how serious these imbalances were.