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Image header Agence Europe
Europe Daily Bulletin No. 11866
ECONOMY - FINANCE - BUSINESS / Greece

Member states decide to bring Greece out of excessive deficit procedure

On Wednesday 20 September, the ambassadors of the member states of the EU (Coreper) decided to cancel decision 2009/415/EC on the existence of an excessive deficit in Greece.

This decision was made against the Hellenic Republic on 27 April 2009, when the Greek public deficit stood at 3.5% of GDP (see EUROPE 9890).  Having implemented many reforms to comply with various bailout plans, Greece saw a primary budgetary surplus (not including servicing of the debt) of 4.2% of GDP in 2016 (see...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
SOCIAL AFFAIRS
NEWS BRIEFS
CORRIGENDUM