Given the consolidation needs and the provisions of the new fiscal rule, budgetary planning in Germany has become more demanding. Fiscal projections are already difficult since the link between total tax revenue and economic activity is observed to be unstable. This Country Focus identifies...

This study reviews the labour market in Cyprus, with the focus on immigration and wage indexation, in the context of euro area participation and the need to safeguard competitiveness. Assessed vis-à-vis the usual macroeconomic and Lisbon benchmarks the Cypriot labour market performs better than...