EU Fact Sheets - Macroeconomic surveillance - 01-01-2018

EU Fact Sheets - Macroeconomic surveillance - 01-01-2018 08-03-2018 12:00 AM CET Over the past decade, the EU has experienced major macroeconomic imbalances (which emphasised the negative effects of the financial crisis that began in 2008) and serious divergences in competitiveness (which prevented the effective use of common monetary policy measures). In 2011 the Macroeconomic Imbalance Procedure (MIP) was set up — a surveillance and enforcement procedure aimed at facilitating early identification and correction of such imbalances in Member States, paying specific attention to those imbalances with potential spill-over effects on other Member States. Source : © European Union, 2018 - EP QUESTIONS? STAY CONNECTED  Contact Us |   This email was sent on behalf of the European Parliament · Bât. Altiero Spinelli · 60 rue Wiertz / Wiertzstraat 60 · B-1047 - Bruxelles/Brussels  · Belgium · Phone: +32(0)2 28 42111