On Tuesday 21 January, the Council of the European Union approved recommendations concerning the multiannual fiscal plans of 21 Member States and seven excessive deficit procedures (EDP) opened against seven Member States (see EUROPE B13532A11).
EDP. The EU Council’s recommendations for excessive deficit procedures concern the following Member States - with the recommendation for Hungary to be approved in February (see EUROPE B13560A20):
- Belgium will have to reduce its public deficit...