European Commission 16 November 2016, COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN CENTRAL BANK, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS TOWARDS A POSITIVE FISCAL STANCE FOR THE EURO AREA

EUROPEAN COMMISSION Brussels, 16.11.2016 COM(2016) 727 final COMMUNICATION FROM THE COMMISSION TOWARDS A POSITIVE FISCAL STANCE FOR THE EURO AREA 1. Introduction In the Letter of Intent accompanying the 2016 State of the Union address, President Juncker and First Vice-President Timmermans announced the intention of the Commission to promote "in the next Recommendation on the economic policy of