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Implementation of the Macroeconomic Imbalance Procedure

A. Zoppè, (2016), “Implementation of the Macroeconomic Imbalance Procedure”, EuroParl EGOV PE 497.739, 16 Ιουνίου

This note presents the Member States’ situation with respect to the Macroeconomic Imbalance Procedure (MIP) taking into account recent assessments and decisions by the European Commission, as well as documents published by other relevant European institutions. This document is regularly updated. A separate EGOV note describes the MIP procedure. On the basis of the economic reading of the MIP scoreboard (see Figure 1 and Annex 2), the Commission considered that 18 Member States were at risk of experiencing macroeconomic imbalances: for these countries it would prepare a detailed analysis (called in-depth review) to examine the existence or persistence of macroeconomic imbalances. Eight Member States were not considered at risk of macroeconomic imbalances, and for the two Member States that benefitted from financial assistance in 2015, the surveillance of imbalances and monitoring of corrective measures was taking place in the context of their macro-economic adjustment programmes.

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