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The European Commission has asked several euro area member states for clarification on their draft budgetary plans for 2017, relating to issues such as reassurances on the behaviour of incoming governments, clarification on demands for flexibility, compliance risks with the Stability and Growth Pact (SGP). All member states apart from Greece presented their plans in accordance with article 6(1) […]Read More..
The Commission conclused that Spain, which is currently in the corrective arm, is broadly compliant with the Stability and Growth Pact in 2017; Lithuania, which is in the preventive arm, instead is deemed at risk of non-compliance pending the assessment of requested flexibility. Read the press release here.Read More..