The trigger volumes are very high in relation to current import flows from the Latin American countries.

The trigger volumes for the stabilisation mechanism are very high in relation to current import flows.

Even in a tough economic climate, the European Capital of Culture title is a superb opportunity to boost a city's long-term development through culture, to increase tourism and jobs, and to create a lot of positive and creative energy.

Establish an enhanced analytical surveillance framework (including a scoreboard with specific trigger values for early warning) with appropriate methodological tools and transparency for an effective multilateral surveillance based on harmonised economic indicators (real and nominal), which may affect competitiveness positions and/or excessive imbalances; these key indicators may be: effective real exchange rates, current account, productivity (including resource productivity and total-factor productivity), unit labour costs, credit growth and asset price developments (including financial assets and property markets), the growth and inv ...[+++]estment rate, the unemployment rate, net foreign asset positions, the evolution of the tax basis, poverty and social cohesion and indicators of environmental externalities; alert thresholds should be defined for indicators included in the scoreboard and all developments in these indicators should be complemented by a qualitative assessment by the Commission,

Establish an enhanced analytical surveillance framework (including a scoreboard with specific trigger values for early warning) with appropriate methodological tools and transparency for an effective multilateral surveillance based on harmonised economic indicators (real and nominal), which may affect competitiveness positions and/or excessive imbalances; these key indicators may be: effective real exchange rates, current account, productivity (including resource productivity and total-factor productivity), unit labour costs, credit growth and asset price developments (including financial assets and property markets), the growth and inv ...[+++]estment rate, the unemployment rate, net foreign asset positions, the evolution of the tax basis, poverty and social cohesion and indicators of environmental externalities; alert thresholds should be defined for indicators included in the scoreboard and all developments in these indicators should be complemented by a qualitative assessment by the Commission,

Montenegro's macroeconomic situation had steadily deteriorated during a decade of gradual dissolution of the Socialist Federal Republic of Yugoslavia, disruption of trade patterns, wars in the region and economic decline in the larger Serbian market, and the outbreak of the Kosovo crisis.