Press Release: Commission’s first Alert Mechanism Report: tackling macroeconomic imbalances in the EU

The EU’s new rules on economic governance, the so-called "six-pack" has two legs: fiscal and macroeconomic surveillance. The macroeconomic imbalances procedure is a new tool that helps detect and correct risky economic developments.

Its first ever annual Alert Mechanism Report (AMR) kicks-off the surveillance. The European Commission identifies 12 EU Member States whose macroeconomic situation needs to be analysed in more depth. It is only these subsequent in-depth reviews that will assess whether or not imbalances exist and whether or not they are harmful.

• Primary Source

ESO: Background Information: Parliament to adopt 'six pack' EU budget rules http://www.europeansources.info/record/parliament-to-adopt-six-pack-eu-budget-rules/

European Commission: Memo/12/104: First Alert Mechanism Report on macroeconomic imbalances in Member States http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/104&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: Speech/12/97: Olli Rehn: Statement on the Alert Mechanism Report http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/12/97&format=HTML&aged=0&language=EN&guiLanguage=en

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