Excessive Imbalance Procedure (EIP) A key element of the EU's new economic governance is the emphasis on tracking and correcting macro-economic and competitiveness imbalances, particularly within the euro area.

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ExcessiveImbalanceProcedure(EIP)AkeyelementoftheEU'sneweconomicgovernanceistheemphasisontrackingandcorrectingmacro-economicandcompetitivenessimbalances,particularlywithintheeuroarea.