In my capacity as President of EURIMF, I submit this Buff statement on the Article IV consultation with the euro area. It reflects the common view of the Member States of the euro area and the relevant European Union Institutions in their fields of competence.
The authorities of the euro area Member States and the EU Institutions are grateful for the open and fruitful consultations with staff and their constructive policy advice. The authorities are in broad agreement with the findings and recommendations in the Article IV Staff Report, notably the concerns expressed about the downside risks to the outlook. We also welcome the acknowledgement of recent reforms to the euro area architecture, while noting the call for more progress in certain key areas.
More specifically, we have the following comments on the Fund Staff Report: