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Macroeconomic Imbalance Scoreboard – A Visual Ranking Among 11 EZ Countries

Capone-Parisi, Elisa, (2012), ‘Macroeconomic Imbalance Scoreboard – A Visual Ranking Among 11 EZ Countries’, www.economonitor.com, 9 Νοεμβρίου.

According to the EU Commission’s website, the Macroeconomic Imbalance Procedure (MIP) is a surveillance mechanism that aims to prevent and correct macroeconomic imbalances within the EU. It relies on an alert system that uses a scoreboard of indicators and in-depth country studies, strict rules in the form of a new Excessive Imbalance Procedure (EIP) and enforcement in the form of financial sanctions for euro area Member States which do not follow up on recommendations.