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EU warns member states over economic plans
Date 08/06/2011 21:54  Author webmaster  Hits 1133  Language Global
8 JUN 2011


The European Commission yesterday (7 June) slammed national economic reform plans for lacking ambition and concreteness.
By delivering country-specific recommendations which are targeted and measurable, the Commission yesterday gave member states its assessment of their national plans.

"We know that achieving the goals we have collectively set ourselves means sometimes hard choices, but these efforts, if made seriously and by all, will allow Europe to leave the crisis behind it and safeguard our future prosperity," said European Commission President José Manuel Barroso.

In the first of what will be annual national policy recommendations for the economies of each of the EU's 27 member states and the euro zone as a whole, the Commission insisted that more needs to be done to ensure that member states' public finances are sustainable.

"National plans are often lacking in ambition," the Commission said. "Programmes vary significantly in terms of the specificity of the actions referred to. Many of the proposed measures are vague, lacking sufficient focus," the EU executive reported.

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