Growth prospects and macroeconomic imbalances
The Council discussed growth prospects and macroeconomic imbalances under the "European Semester", the EU's annual policy coordination process.
It adopted conclusions, and approved a draft recommendation on the economic policies of the euro area.
The policy priorities for 2016 are investment, structural reforms and responsible fiscal policies. Regarding macroeconomic imbalances, the Commission is due to publish in-depth reviews in February of the situation in 18 member states.
The Council broadly agreed with the analysis and priorities set by the Commission in its annual growth survey. "Moreover we intend to strengthen and streamline the European Semester, as proposed by the Commission, so as to stimulate implementation of country-specific recommendations", said Jeroen Dijsselbloem, minister for finance of the Netherlands and president of the Council.