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Monday, September 25, 2017

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 against any EU Member State that exceeds the budgetary deficit ceiling imposed by the EU’s […]


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