EU Fact Sheets - Macroeconomic surveillance - 28-08-2024
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Over the past decade, the EU has experienced major macroeconomic imbalances and serious divergences in competitiveness. These have both exacerbated the negative effects of the financial crisis that began in 2008 and prevented the effective use of common moneEU Fact Sheets - Macroeconomic surveillance - 28-08-2024
Over the past decade, the EU has experienced major macroeconomic imbalances and serious divergences in competitiveness. These have both exacerbated the negative effects of the financial crisis that began in 2008 and prevented the effective use of common monetary policy measures to resolve them. In 2011, the EU set up the macroeconomic imbalance procedure to identify and correct such imbalances at national level, particularly those with potential to spill over and affect other EU countries. Source : © European Union, 2024 - EP Read more