Darvas, Zsolt, Leandro, Álvaro, (2015), “The limitations of policy coordination in the euro area under the European Semester”, Bruegel Publications, Issue 19, 12 Νοεμβρίου.
This paper assesses economic policy coordination in the euro area under the European Semester. In sections 2 and 3, we make a positive (and not normative) assessment by taking Council recommendations made in the context of the European Semester as given and evaluating their implementation and consistency, without assessing their desirability. Section 4, which assesses options to improve compliance with the recommendations, is by definition more subjective.
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