Examples of using Macroeconomic imbalances procedure in English and their translations into Hungarian
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Stability and Growth Pact and the Macroeconomic Imbalances Procedure.
The macroeconomic imbalances procedure is a new tool that helps detect& correct risky economic developments.
The guidance is provided in the context of the Stability and Growth Pact and the Macroeconomic Imbalances Procedure.
In addition, the Macroeconomic Imbalances Procedure(MIP) should be strengthened in a symmetrical way with the social partners becoming involved.
The reports would also informCommission analyses in relation to the European Semester and the Macroeconomic Imbalances Procedure.
Employment and social indicators are being introduced into the macroeconomic imbalances procedure to gain better understanding of the labour market and social developments and risks.
This will notably be the case for the Member States subject to in-depth reviews as part of the Macroeconomic Imbalances Procedure.
However, the macroeconomic imbalances procedure of the European Semester currently in place needs to be revised and strengthened so as to reduce both deficits and surpluses in a symmetrical way14.
The reports will inform the Commission analysis undertaken in the context of the European Semester and the Macroeconomic Imbalances Procedure.
The reinforced fiscalrules as well as the recently created Macroeconomic Imbalances Procedure have significantly deepened and widened the scope and possible effectiveness of EU action.
As in previous years, these imbalances require continued specific monitoring under the Macroeconomic Imbalances Procedure(MIP).
The six-pack also introduced the macroeconomic imbalances procedure, making the monitoring of economic imbalances, including sectorial ones, a key part of EU economic surveillance.
The Commission will alsopresent explicit justification of decisions taken, including regarding country-specific recommendations linked to the Macroeconomic Imbalances Procedure.
More specifically, the six-pack included the macroeconomic imbalances procedure, making the monitoring of macroeconomic and financial imbalances a key part of the EU's economic surveillance.
Against this background, the Council WELCOMES the Commission's firstAlert Mechanism Report providing the starting point of the new macroeconomic imbalances procedure.
In March 2014, for the first time since the Macroeconomic Imbalances Procedure was introduced, the Commission concluded that two countries(Denmark and Malta) are no longer experiencing imbalances, and that Spain was no longer in a situation of excessive imbalance. .
On 2 November 2016 the Governing Council approved a Memorandum of Understanding between Eurostat and the European Central Bank/Directorate GeneralStatistics on the quality assurance of statistics underlying the Macroeconomic Imbalances Procedure.
The Macroeconomic Imbalances Procedure has been instrumental in bringing the key issues on imbalance to the forefront in the economic surveillance and has been effective in supporting effective policy adjustment in some countries(for example in Spain and Slovenia).
For 18 Member States identified in the Alert Mechanism Report 2016 publishedin November alongside the Annual Growth Survey, the Country Reports include the In-Depth Review under the Macroeconomic Imbalances Procedure.
The objectives of the two regulations which introduced the Macroeconomic imbalances procedure were to establish an effective framework for(1) the detection of macroeconomic imbalances,(2) the prevention and correction of excessive macroeconomic imbalances and(3) the effective enforcement of the correction of excessive macroeconomic imbalances in the euro area.
For 12 Member States selected last November for an in-depth review, the Country Reports include an assessment of possible macroeconomic imbalances andthe package provides an update of the categorisation of countries under the so-called Macroeconomic Imbalances Procedure.
For euro area Member States under an adjustment programme the implementation of otherwise overlapping procedures under preventive instruments,including the European Semester, the Macroeconomic Imbalances Procedure and the other two pack regulation, are suspended.
More specifically, the six-pack introduced the macroeconomic imbalance procedure.
Stability and Growth Pact, macroeconomic imbalance procedure.
Macroeconomic imbalance procedure| European Commission.
Why adapt the implementation of the Stability and Growth Pact, the Macroeconomic Imbalance Procedure and the European Semester for programme countries?
The independent expertise provided by those boards, including through the annual reports, will be used to inform the Member States andCommission analysis in the European Semester and the macroeconomic imbalance procedure.
In March 2018, President Lehne and Neven Mates,the ECA Member responsible for our special report on the Macroeconomic Imbalance Procedure, presented the report to the EU Ministers of Finance at the ECOFIN meeting.
The quoted Parliament document(Implementation of the Macroeconomic Imbalance Procedure- state-of-play(June 2017)'- PE 497.739) neither reports an overall negative assessment on the implementation of MIP-related CSRs since 2012 nor concludes that the latter has been persistently weak. The following wording is found in that document regarding implementation of MIP-related 4.