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Economy and Finance

Macroeconomic surveillance in Greece

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.

Greece benefitted from a financial assistance programme from 2015 and 2018 and was then subject to the enhanced surveillance framework following its exit from its programme in 2018. In-depth review for Greece has been carried out in 2021 and 2022. Please find full documents below: