REPORT AND STUDIES N. 2/2001
174 pages
English

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174 pages
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ISSN 2001-1215
EUROPEAN
ECONOMY
EUROPEAN COMMISSION
DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS
REPORTS AND STUDIES
REPORT ON THE IMPLEMENTATION OF
THE 2000 BROAD ECONOMIC POLICY GUIDELINES
No 2 2001European Economy appears twice a year. It contains important reports
and communications from the Commission to the Council and the
Parliament on the economic situation and developments, in particular its
Broad economic policy guidelines and the EU Economic review. As a
complement to European Economy, the series Reports and studies focuses
on problems concerning economic policy.
Three supplements accompany the main periodical:
• Series A — ‘Economic trends’ appears monthly except in August and
describes in a more succinct way financial and economic developments
in the European Union.
• Series B — ‘Business and consumer survey results’ gives the main
results of opinion surveys of chief executives (orders, stocks,
production outlook, etc.) and of consumers (economic and financial
situation and etc.) in the Community, and other business cycle
indicators. It also appears monthly, with the exception of August.
• Series C — ‘Economic reform monitor’ provides brief overviews of
economic developments and the progress of reform in the EU candidate
countries. It appears four times a year.
Subscription terms are shown on the back and the addresses of the sales
offices are shown on page 3 of the cover.
Unless otherwise indicated the texts are published under the
responsibility of the Directorate-General for Economic and Financial
Affairs of the European Commission, rue de la Loi 200, B-1049 Brussels,
to which enquiries other than those related to sales and subscriptions
should be addressed.European Commission
EUROPEAN
ECONOMY
Directorate-General for Economic and Financial Affairs
2001 Number 2© European Communities, 2001
Printed in BelgiumReport on the implementation of
the 2000 broad economic
policy guidelinesAbbreviations and symbols used
Member States
B Belgium
DK Denmark
D Germany
EL Greece
E Spain
FF rance
IRL Ireland
I Italy
L Luxembourg
NL The Netherlands
A Austria
P Portugal
FIN Finland
S Sweden
UK United Kingdom
D_90 Germany Prior to unification in 1990
EU European Union
EU-12–Community, 12 Member States excluding East Germany
EU-12+ European 12 including East
EU-1515 Member States
EUR-11 Group of 11 Member States participating in monetary union (B, D, E, F, IRL, I, L, NL, A, P, FIN)
Currencies
ECU European currency unit
EUR Euro
ATS Austrian schilling
BEFBelgian franc
DEM German mark (Deutschmark)
DKK Danish krone
ESP Spanish peseta
FIM Finnish markka
FRF French franc
GBP Pound sterling
GRD Greek drachma
IEP Irish pound (punt)
ITL Italian lira
LUFLuxembourg franc
NLG Dutch guilder
PTE Portuguese escudo
SEK Swedish krona
CAD Canadian dollar
CHFSwiss franc
JPY Japanese yen
SUR Russian rouble
USD US dollar
ivOther abbreviations
CPI Consumer price index
ECB European Central Bank
ECSCCoal and Steel Community
EDFEuropean Development undF
EIB European Investment Bank
EMCFEuropean Monetary Cooperation und F
EMSSystem
EMU Economic and monetary union
ERM Exchange rate mechanism
Euratom European Atomic Energy Community
Eurostat Statistical Office of the European Communities
FDI Foreign direct investment
GDP (GNP) Gross domestic (national) product
GFCFfixed capital formation
HICP Harmonised index of consumer prices
ILO International Labour Organisation
IMFInternational Monetary undF
LDCs Less developed countries
Mio Million
Mrd 1 000 million
NCI New Community Instrument
OCTs Overseas countries and territories
OECD Organisation for Economic Cooperation and Development
OPECof Petroleum Exporting Countries
PPS Purchasing power standard
SMEs Small and medium-sized enterprises
VAT Value added tax
: Not available
– None
vContents
1Part I: General assessment ( ) 1
Executive summary 5
1. Introduction 7
2. Overview of key policy areas 9
2Part II: Country notes ( ) 33
1. Belgium 37
2. Denmark 45
3. Germany 53
4. Greece 61
5. Spain 69
6. France 77
7. Ireland 85
8. Italy 93
9. Luxembourg 101
10. The Netherlands 107
11. Austria 115
12. Portugal 123
13. Finland 131
14. Sweden 139
15. United Kingdom 147
1( ) Commission report.
2( ) Working document of the Commission services.
vii

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