| Author (Corporate) | European Court of Auditors |
|---|---|
| Series Title | ECA Special Reports |
| Series Details | Number 03 |
| Publication Date | March 2018 |
| ISBN | 978-92-872-8823-3 |
| ISSN | 1977-5679 |
| EC | QJ-AB-17-023-EN-N |
| Content Type | Report |
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Summary: We examined the European Commission’s implementation of the Macroeconomic Imbalance Procedure, which aims to identify, prevent and address macroeconomic imbalances that could adversely affect economic stability in a particular EU country, the euro area, or the EU as a whole. We found that although the MIP is generally well designed, the Commission is not implementing it in a way that would ensure effective prevention and correction of imbalances. The classification of Member States with imbalances lacks transparency, the Commission’s in-depth analysis despite being of a good standard has become less visible and there is lack of public awareness of the procedure and its implications. We therefore, make a number of recommendations to the Commission to substantially improve certain aspects of its management and to give greater prominence to the MIP. |
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| Source Link |
Link to Main Source
https://www.eca.europa.eu/en/Pages/DocItem.aspx?did=44765
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| Subject Categories | Economic and Financial Affairs |
| Keywords | Macroeconomic Imbalance Procedure [MIP] |
| Countries / Regions | Europe |
