Having exited the financial assistance programme, many rules of the economic governance framework again apply also to Cyprus. This includes the macroeconomic imbalances procedure, and in fact the European Commission on 7 April published its 2016 Country Report on Cyprus including an in-depth review on the prevention and correction of macroeconomic imbalances.Read More..
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The Commission has presented its Alert Mechanism Report 2016, the annual starting point of the Macroeconomic Imbalances Procedure. Based on a scoreboard of indicators, the Alert Mechanism Report identifies countries for which a closer analysis (in-depth review) is deemed necessary. The outcome of these in-depth reviews forms the basis for further steps under the Macroeconomic […]Read More..
In its 2016 in-depth review, the Commission considered that 12 Member States are deemed to experience imbalances (out of the 18 countries identified for an in-depth review (IDR) in the Alert Mechanism Report (AMR) of 26 November 2015). Bulgaria, Croatia, France, Italy and Portugal remain in the excessive imbalances category without triggering the Excessive Imbalances […]Read More..