European Semester: Country-specific recommendations 2015
On 13 May 2015 the European Commission adopted country-specific economic policy recommendations for 2015 and 2016. These recommendations reflect the following priorities:
- boosting investment to support future growth. This requires the removal of barriers to financing and launching investment projects and the swift implementation of the Commission’s €315 billion Investment Plan for Europe.
- delivering ambitious structural reforms in product, service and labour markets that raise productivity, competitiveness and investment. By boosting job creation and growth, these reforms will contribute to prosperity and greater social fairness. Reforms in the financial sector will ease access to finance for investment and lessen the negative impact of deleveraging in the banking, private and public sectors.
- pursuing responsible fiscal policies that strike a balance between short-term stabilisation and long-term sustainability. Member States with high deficits or debt levels need to make further efforts to fix their balance sheets, while Member States with fiscal space should take measures to support productive investment. Changes in the composition of public finances should make them more supportive to growth.
- improving employment policy and social protection to enable, support and protect people throughout their lives and to ensure stronger social cohesion as a key component of sustainable economic growth.