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The Council underscored the need for policy action and strong commitment to structural reforms in all member states. This is particularly the case when facing macroeconomic imbalances that affect the smooth functioning of the euro area. The conclusions emphasise that imbalances should be addressed in a durable manner. The focus should be on key challenges, reducing risks, facilitating economic rebalancing and creating the conditions for sustainable growth and jobs. [...]
The 2016 European Semester will conclude with the adoption of new country-specific recommendations in July.
The conclusions were adopted at a meeting of the Economic and Financial Council.