That's part and parcel of an overall enhancement of the emergency response process that's been a key part of the ongoing examinations within transport, within industry, and the collective examination by stakeholders.

And it kick-starts the European Semester, the EU's calendar for budgetary and economic policy coordination, where national policies are reviewed collectively and endorsed at the EU level to ensure Member States are moving in the same direction.

Biased and unrealistic macroeconomic and budgetary forecasts can considerably hamper the effectiveness of fiscal planning and consequently impair commitment to budgetary discipline, while transparency and discussion of forecasting methodologies can significantly increase the quality of macroeconomic and budgetary forecasts for fiscal planning.

the AIFM, where the AIF invests in other collective investment undertakings, monitors the approach adopted by the managers of those other collective investment undertakings to the management of liquidity, including through conducting periodic reviews to monitor changes to the redemption provisions of the underlying collective investment undertakings in which the AIF invests.

The European Commission has already taken steps in order to improve the quality of pre-contractual information available to consumers, for instance in the Standard European Consumer Credit Information Sheet, annexed to the new Consumer Credit Directive,[23] and in the Key Investor Information document, being tested for the revision of the UCITS Directive.[24] In the area of mortgages, the examination of the European Standard Information Sheet aims to improve the presentation of pre-contractual information to consumers.[25] The Commission Communication on Packaged Retail Investment Products proposes measures to deliver clear, comparable p ...[+++]re-contractual information to investors of these products.[26] The impact of these measures is to standardise the presentation of pre-contractual information in a way which makes it easier for the consumer to compare the offers of different providers.

The main work from June onwards will be threefold: firstly, the peer examination of the individual National Action Plans; secondly, the preparation of the Joint Report on Employment of the Commission and the Council; and thirdly, the preparation of the Committee's Opinion on the draft Employment Guidelines for the year 2000.