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MIP Reports

In-depth reviews (IDRs) and progress reports are documents produced by the Commission in the context of the Macroeconomic Imbalance Procedure.

The European Commission carries out in-depth reviews for all the countries identified in the Alert Mechanism Report as warranting further analysis. The in-depth reviews determine whether imbalances or excessive imbalances exist in the Member States. In some cases, specific monitoring is deemed necessary. This is carried out by the Commission through regular technical missions and progress reports.

In light of the results of the Alert Mechanism Reportpdf (AMR) of 26 November 2015, 18 countries were analysed in IDRs. Austria and Estonia were analysed in IDRs for the first time, while 16 countries were subject to IDRs to assess the evolution of the imbalances that were identified in the IDRs of 26 February 2015. Cyprus was analysed in an IDR adopted on 7 April 2016 after its exit from the financial adjustment programme on 31 March 2016.

To enhance the transparency in the implementation of the Macroeconomic Imbalances Procedure (MIP) and to stabilise the categorisation of macroeconomic imbalances, the Commission has streamlined the number of categories from six to four. Within the streamlined categories, all Member States concerned by imbalances or excessive imbalances will be subject to specific monitoring adapted to the degree and nature of the imbalances presented.

Changes in MIP categories and Member States categorisation, 2015 - 2016

2015

 

2016

Excessive imbalances with corrective action plan (Excessive Imbalance Procedure, EIP)

 

Excessive imbalances with corrective action plan (Excessive Imbalance Procedure, EIP)

Excessive imbalances, which require decisive policy action and specific monitoring

BG, FR, HR, IT, PT

BG, CY, FR, HR, IT, PT

Excessive imbalances*

Imbalances, which require decisive policy action and specific monitoring

IE, SI, ES

IE, SI, ES, FI, DE, NL, SE

Imbalances*

Imbalances, which require decisive policy action and monitoring

DE, HU

Imbalances, which require policy action and monitoring

BE, FI, NL, RO, SE,
UK

No imbalances

 

AT, BE, EE, HU, RO, UK

No imbalances

*) All Member States concerned by imbalances or excessive imbalances (without an Excessive Imbalances Procedure) will be subject to specific monitoring, adapted to the degree and nature of the imbalances presented

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