EU Commission opened the Macroeconomic Imbalance Procedure for
Romania which joins other 15 countries under the EU's surveillence.
surveillance package is aimed at countries such as: Belgium,
Bulgaria, Croatia, Finland, France, Germany, Hungary, Ireland, Italy,
Portugal, Slovenia, Spain, Sweden, the Netherlands, and the United
Kingdom and follows the adoption of the Annual Growth Survey last
November and sets out the analytical basis for the adoption of
Country-Specific Recommendations (CSRs) in May.
imbalances, which require policy action and monitoring. In
the three consecutive EU-IMF programmes, external and internal
imbalances have been significantly reduced. However, risks from the
relatively large negative net international investment position and a
weak medium-term export capacity deserve attention. Moreover
financial sector stability has been preserved so far, but external
and internal vulnerabilities of the banking sector remain,” is
explained in a release of the Commission.
EU institution recommends the concerned Member States to pursue their
efforts towards reform programmes and the reduction of deficits and
March, the Commission will organize another round of bilateral
meetings with the Member States during which the Country Reports will
be discussed. By mid-April, the Member States are expected to present
their National Reform Programmes and their Stability or Convergence