The Council thereby concluded the 2016 "European Semester", an annual policy monitoring process. The European Council endorsed the recommendations at its meeting in June.
"We look forward to the effective implementation of these country-specific recommendations in the coming months“, said Peter Kažimír, minister for finance of Slovakia and president of the Council.
In March 2016, the European Council endorsed the following priorities:
The European Semester involves simultaneous monitoring of member states' economic and fiscal policies during a roughly six-month period every year.
In the light of policy guidance given by the European Council annually in March, the member states present each year in April:
The Council then adopts country-specific recommendations (CSRs). It provides explanations in cases where the recommendations do not correspond with those proposed by the Commission.
The 2016 CSRs are addressed to 27 of the EU's 28 member states. To avoid duplication there is no CSR for Greece, as it is subject to a macroeconomic adjustment programme.
In March 2016, the Council adopted a specific recommendation on the economic policies of the euro area. It did so at an earlier stage than in previous years, to take greater account of eurozone issues when approving the recommendations for the eurozone member states.
The recommendations were adopted at a meeting of the Economic and Financial Affairs Council.