Main results of the Council
The Council adopted a statement and agreed a strategy for the communication of remedial and backstop measures envisaged by the member states to support vulnerable banks exposed by this year's EU-wide stress tests in the banking sector.
The European Banking Authority and national supervisory authorities are due to publish results of the stress tests on 15 July.
The Council concluded the European Semester, adopting recommendations to the member states on their 2011 national reform programmes and on the 2011 updates of their stability and convergence programmes.
The European Semester, which is being implemented this year for the first time, involves simultaneous monitoring of the member states' economic, employment and budgetary policies, in accordance with common rules, during a six-month period every year.
The Council also decided to close the excessive deficit procedure with regard to Finland, concluding that its excessive deficit has been corrected.
Click here for full details.
