• EU Commission says 12 EU countries, same as last year, have macroeconomic imbalances that need in-depth reports

Market news

22 November 2017

EU Commission says 12 EU countries, same as last year, have macroeconomic imbalances that need in-depth reports

  • Romania did not take effective action reduce its budget deficit, should cut structural gap in 2018 by at least 0.8 pct/gdp

  • Wants to close excessive budget deficit procedure against Britain

  • EU countries must step up efforts to fight aggressive tax planning

  • 2018 draft budgets of Estonia, Ireland, Cyprus, Malta, Slovakia are broadly in line with EU rules

  • 2018 draft budgets of Belgium, Italy, Austria, Portugal and Slovenia pose a risk of non-compliance with EU budget rules

  • Italy's high government debt is a reason for concern, not falling as EU rules require

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