The European Commission (EC) has decided to launch the macroeconomic imbalance procedure for Romania and Portugal.

In November 2014, the EC had 16 countries on the monitoring list for economic imbalances.

Despite reducing its external and internal imbalances, during three consecutive agreements with the European Union and the International Monetary Fund, Romania still poses risks related to a low export capacity and the negative evolution of international investments, reads the EC press release.

At the same time, the banking system still has internal and external vulnerabilities.

By mid-April, member states need to present their national reform programs. Based on these, the EC will make specific recommendations to each country in May.

editor@romania-insider.com