council opinion februari updat stabil programm franc council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil coordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion februari council examin updat stabil programm franc cover period programm broadli compli data requir revis quot code conduct content format stabil converg programm quot provid project total employ growth nation account definit compulsori franc invit achiev full complianc data requir macroeconom scenario underli programm envisag real gdp growth rate margin potenti basi inform scenario reflect plausibl growth assumpt commiss project growth slightli lower programm project inflat realist june council decid excess deficit exist franc recommend correct latest commun council quot situat germani franc relat oblig excess deficit procedur judgement court justic quot adopt decemb commiss conclud consid relev deadlin correct excess deficit council conclus novemb produc legal effect annul court primari aim budgetari strategi programm bring deficit gdp programm aim ensur continu declin gener govern deficit subsequ year deficit project declin steadili percentag point gdp year reach level gdp compar previou programm current updat broadli confirm plan adjust slightli favour macroeconom scenario commiss calcul base project programm commonli agre methodolog cyclic adjust balanc improv percentag point year reach gdp previou updat medium term budgetari strategi base set multi annual target increas govern expenditur real term impli reduct expenditur gdp ratio notabl consequ implement structur reform base current inform measur french author suffici bring deficit gdp budgetari situat franc remain vulner correct excess deficit requir effect implement measur envisag addit measur event advers develop project declin deficit stem notabl payment amount gdp underli budgetari adjust project modest year budgetari outcom wors project programm deficit object appear risk current polici tax cut announc year major revenu vanish expenditur target previou updat miss larg margin expenditur deficit target set period difficult achiev current polici structur reform implement loi organiqu rel aux loi de financ independ alert committe govern health care system reform constitut clear step direct contribut attain budgetari object view risk assess budgetari stanc programm provid suffici safeti margin breach deficit threshold normal macroeconom fluctuat suffici ensur stabil growth pact medium term object budgetari posit close balanc achiev programm period debt ratio estim reach gdp gdp treati refer programm project debt ratio declin onward reach gdp evolut debt ratio subject risk deficit target regard long term sustain public financ franc appear risk implement major structur reform pension health system put foot effort addit budgetari consolid reform need year ahead order ensur fulli sustain govern financ econom polici reflect updat partli consist recommend broad econom polici guidelin specif budgetari implic franc implement import structur reform notabl health pension system place posit face consequ ag popul cyclic adjust deficit reduc gdp lower recommend higher expect state revenu fulli alloc deficit reduct signific medium term adjust plan updat subject uncertainti fulli lead close balanc budgetari posit period cover programm view assess council opinion franc ensur correct excess deficit ii make budgetari consolid continu year reach close balanc budgetari posit iii continu structur reform control expenditur order secur respect multi annual expenditur target set programm real gdp chang sp dec oct sp dec hicp inflat sp dec oct sp dec gener govern balanc gdp sp dec oct sp dec primari balanc gdp sp dec oct sp dec cyclic adjust balanc gdp sp dec oct sp dec govern gross debt gdp sp dec oct sp dec oj document decemb