Macroeconomic Imbalance Procedure
The Macroeconomic Imbalance Procedure (MIP) is a surveillance mechanism that aims to identify potential risks early on, prevent the emergence of harmful macroeconomic imbalances and correct the imbalances that are already in place.
The annual starting point of the MIP is the Alert Mechanism Report: Based on a scoreboard of indicators and economic judgment, it is a filter to identify countries and issues for which a closer analysis (in-depth review) is deemed necessary. The outcome of these in-depth reviews forms the basis for further steps under the MIP.
An in-depth review for France was carried out from 2012 to 2024 : In-depth reviews
When the IDR identifies imbalances, the European Commission monitors in-year progress by the member-state in addressing those imbalances. A progress report on policy relevant measures is published in Fall and discussed with member states at the Economic Policy Committee.