| Author (Corporate) | European Commission: DG Communication |
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| Series Title | Press Release |
| Series Details | IP/13/313 (10.04.13) |
| Publication Date | 10/04/2013 |
| Content Type | News |
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Background and further information: The 13 member states were identified in the Alert Mechanism Report published in November 2012. The countries concerned are: Belgium, Bulgaria, Denmark, France, Italy, Hungary, Malta, the Netherlands, Finland, Sweden, Spain, Slovenia and the United Kingdom. The in-depth reviews found that the macroeconomic adjustment in Europe was proceeding, though with differences in nature and pace among member states. The reviews point to reductions in current account deficits, convergence in unit labour costs, corrections in excessive housing prices and reductions in private sector indebtedness. However, given different challenges and imbalances, cross-country growth differences were also expected to persist in the forthcoming years. The European Commission published on 10 April 2013 the finding of in-depth reviews carried out into 13 member states previously identified as showing signs of macroeconomic imbalances. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-13-313_en.htm |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
