The report assesses compliance with the terms and conditions set out in the updated MoU. The MoU was updated following the fourth review mission and was agreed between the Cypriot authorities and the programme partners, i.e. the European Commission (EC), the European Central Bank (ECB), and the...

The present Report should be a first step towards integrating the acceding countries, after enlargement, into the multilateral surveillance conducted by the Council under the Treaty, in line with the mandate given by the Ecofin ministers on 5 November 2002. The Report assesses the challenges...

The EU has a well-defined economic policy strategy that is oriented towards the pursuit of growth- and stability-oriented macroeconomic policies, capable of adequately responding to changing economic circumstances in the short run, and towards improving the long-term capacity for sustainable,...

The fifth post-programme surveillance mission to Greece took place from 8 to 11 October 2024. It involved European Commission staff in liaison with European Central Bank staff. European Stability Mechanism staff participated on aspects relating to its Early Warning System. Staff from the...

China, Japan and the US appear to be heading towards a "new normal" at long last. However, the 2014-16 period will be critical to ensure that global growth is put on a sustainable path as ample challenges persist. For the US, normalizing monetary policies stands out as the largest unknown,...

A joint EC/IMF/ECB mission visited Dublin during October 29-November 7 2013 to conduct the twelfth and final review mission under the economic adjustment programme. The mission found that programme implementation remains robust overall, even though domestic vulnerabilities and external risks...

The report assesses compliance with the terms and conditions set out in the MoU, which was updated following the first review mission during the summer of 2013, between the Cypriot authorities and the programme partners, i.e. the European Commission (EC), the European Central Bank (ECB) and the...

Ireland has come a long way towards addressing the external and internal macroeconomic imbalances accumulated prior to the crisis. On the back of strong political ownership, coupled with appropriate programme design, the steadfast implementation of the Irish adjustment programme is increasingly...

A joint EC/ECB/IMF staff mission visited Dublin during 29 January-7 February to conduct discussions for the 9th review of Ireland's economic adjustment programme. Compliance with the programme remains strong overall. At the same time, policy challenges and external risks remain important and...