EU members warned of imbalances in economies

Twelve EU states have been warned that parts of their economies are showing dangerous imbalances that require further, detailed investigation.

At the same time, Germany has been alerted that the European Commission is considering looking at the imbalance of its exports, which far outweigh imports.

The alert mechanism is part of the EU’s new surveillance procedure over members’ budgets and economies, designed to pick up and correct risky developments.