Excessive Deficit Procedure
Economy
EU's "Excessive Deficit Procedure" is Lifted for Greece, as State Finances Improve
The European Council said on Monday that Greece's deficit is below the reference point of 3% of gross domestic product, and the country can exit the bloc's 'excessive deficit procedure' (EDP).
EDP is an action launched by the European Commission...
Economy
EU Commission Recommends Greece Removal From Deficit Blacklist
The European Commission on Wednesday recommended closing the Excessive Deficit Procedure for Greece, saying the three times bailed-out country has made substantial efforts in recent years to consolidate public finances.
EU rules demand that governments keep their budget deficits within...