Decision to close excessive deficit procedure for Greece

Background and further information:

The Council decided at a meeting of the General Affairs Council to accept the Recommendation put forward by the European Commission in July 2017 on concluding the procedure.

This recommendation followed years of efforts made by Greece to consolidate its public finances coupled with the progress made in the implementation of the ESM support programme for the country.

The Council of the European Union decided on 25 September 2017 to close the Excessive Deficit Procedure for Greece by repealing its 2009 Decision on the existence of such excessive deficit.

• Primary Source

Kathimerini, 25.09.17: EU states agree to end excessive deficit procedure for Greece http://www.ekathimerini.com/221946/article/ekathimerini/business/eu-states-agree-to-end-excessive-deficit-procedure-for-greece

Reuters, 25.09.17: EU ends Greece's deficit procedure in positive signal to markets https://www.reuters.com/article/us-eurozone-greece/idUSKCN1C00VS

EurActiv, 26.09.17: Dijsselbloem: Greece must wrap up review rapidly to start talks on bailout exit https://www.euractiv.com/section/economy-jobs/news/dijsselbloem-greece-must-wrap-up-review-rapidly-to-start-talks-on-bailout-exit/

ESO: Key Source: Stability and Growth Pact http://www.europeansources.info/record/stability-and-growth-pact/

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