The European Commission suggested opening excessive deficit procedures (EDP) against seven EU Member States – Belgium, France, Hungary, Italy, Malta, Slovakia and Poland – on Wednesday 19 June, when it presented its fiscal and socio-economic policy proposals as part of the ‘European Semester’ process.
The Commission’s Executive Vice-President, Valdis Dombrovskis, and the European Commissioner for Economic Affairs, Paolo Gentiloni, stressed that the prospect of initiating such...