They cover twelve Member States, which were identified in the Alert Mechanism Report of 14 February 2012 ( IP/12/132 , MEMO/12/104 ) as warranting further economic analysis in order to determine whether macroeconomic imbalances exist or risk emerging.

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TheycovertwelveMemberStates,whichwereidentifiedintheAlertMechanismReportof14February2012(IP/12/132,MEMO/12/104)aswarrantingfurthereconomicanalysisinordertodeterminewhethermacroeconomicimbalancesexistorriskemerging.