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Macroeconomic Imbalances - France

European Commission

Macroeconomic Imbalances - Francepdf(2 MB) Choose translations of the previous link 

Summary for non-specialists pdf(175 kB) Choose translations of the previous link 

On 14 February 2012, the European Commission presented its first Alert Mechanism Report (AMR) in accordance with the Regulation (EU) No. 1176/2011 on the prevention and correction of macroeconomic imbalances. The AMR serves as an initial screening device to identify Member States that warrant further in depth analysis into whether imbalances exist or risk emerging. According to Article 5 of Regulation No. 1176/2011, these country-specific “in-depth reviews” should examine the nature, origin and severity of macroeconomic developments in the Member State concerned, which constitute, or could lead to, imbalances. On the basis of this analysis, the Commission concludes whether it considers that an imbalance exists or not, and if so whether it is excessive or not, and what type of follow-up it will recommend to the Council to address to the Member State.

This in-depth review concludes that France is experiencing serious macroeconomic imbalances, which are not excessive but need to be addressed. In particular, certain macroeconomic developments in the areas of export performance and competitiveness deserve attention so as to reduce the risk of adverse effects on the functioning of the economy.

(European Economy. Occasional Papers. 105. July 2012. Brussels. Paper and internet. 32pp. Tab. Ann. Bibliogr. )

KC-AH-12-105-EN-N (online)
ISBN 978-92-79-22892-6 (online)
doi:10.2765/22221 (online)

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