European Commission says Ireland still has economic imbalances

Eighteen other EU countries have been identified as needing further analysis

European Commission focused mostly on Germany's imbalances Pic: Rollingnews.ie

Ireland was among several Euro area countries flagged by the European Commission today as having potential economic troubles and needing further analysis.

The European Commission is assessing macroeconomic imbalances among all EU member states, in an exercise aimed at shoring up the bloc's fragile economic recovery and reducing unemployment

from its historically high levels.

The European Union's executive announced today that it is keeping a close eye on the German economy in particular. ...