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Graph of the week: Macroeconomic package

As part of the EU’s annual cycle of economic policy guidance and monitoring, the European Commission each autumn takes a close look at economic developments in the Member States to watch out for potential problems and to ensure the coordination of economic policies among countries sharing the euro currency.

Alert Mechanism Report

The European Commission’s Alert Mechanism Reportpdf(378 kB) Choose translations of the previous link  (AMR) kick starts the EU’s annual Macroeconomic Imbalance Procedure (MIP), an early warning system to detect and address economic trends that could upset the smooth functioning of national economies, the euro area, or the EU. The AMR uses a scoreboard of indicators to screen for potential economic imbalances that policymakers should address. Based on a careful analysis of the results, the European Commission will now carry out and In-Depth Review (IDR) to examine further the persistence of imbalances or their unwinding in 16 Member States.

Click on a country to discover the flagged MIP indicators and the next steps.

Legend :


The European Commission will study how macroeconomic risks are evolving and will present its conclusions in In-Depth Reviews in spring 2015.


The European Commission does not plan to conduct further in-depth analysis at this stage.


Countries under ongoing macroeconomic adjustment programmes.

*Romania is under a precautionary financial assistance programme, but has been re-integrated under MIP surveillance, given the delays to the completion of the precautionary arrangement.

Read the Alert Mechanism Report reportpdf(378 kB) Choose translations of the previous link  and get the full picture. Find out more about the Macroeconomic Imbalance Procedure.

Draft Budgetary Plans

Each year, the EU countries that share the euro as their currency submit draft budgetary plans to the European Commission. The Commission assess the plans to ensure that economic policy among the countries sharing the euro is coordinated and that they all respect the EU’s economic governance rules. The draft budgetary plans are graded as either compliant, partially compliant, or at risk of non-compliance.




At risk of non-compliance


Broadly compliant



Not covered by the 2014 Draft Budgetary Plans exercise

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