MIL-OSI Europe: In-Depth Analysis – The 2025 In-Depth Reviews under the Macroeconomic Imbalances Procedure: A long walk for a small sandwich? – 10-07-2025

Source: European Parliament

On 13 May 2025 the Commission published ten In-Depth Reviews (IDRs) as a follow up to the Alert Mechanism Report (AMR) of 17 December 2024. However, decisions on the existence of imbalances were only made public on 4 June as part of the 2025 Spring Package of the European Semester. The present note discusses those reviews and how they interact with other surveillance mechanisms such as the Excessive Deficit Procedure (EDP) and Post-Programme Surveillance (PPS) for Member States that have received Union financial assistance in the context of a macroeconomic adjustment programme.

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