council decis januari establish accord articl treati establish european commun effect action hellen republ respons recommend council accord articl treati ec council european union regard treati establish european commun articl thereof regard recommend commiss accord articl treati member state avoid excess govern deficit stabil growth pact base object sound govern financ mean strengthen condit price stabil strong sustain growth conduc employ creation stabil growth pact includ council regul ec juli speed clarifi implement excess deficit procedur set articl treati order prompt correct excess gener govern deficit amsterdam resolut european council stabil growth pact june solemnli invit parti member state council commiss implement treati stabil growth pact strict time manner decis ec juli council decid accord articl treati excess deficit exist greec council accord articl treati articl regul ec adopt recommend establish deadlin novemb greek govern measur bring exist excess deficit end latest recommend council recommend hellen republ put end present excess deficit situat rapidli latest correct measur structur natur amount gdp cumul prefer equal distribut year addit council recommend hellen republ ensur govern gross debt ratio diminish suffici approach refer satisfactori pace pai attent factor net borrow contribut chang debt level final matter urgenc council recommend hellen republ correct defici reveal budgetari statist improv collect process gener govern data accord articl regul ec council effect action respons recommend made accord articl treati base decis publicli announc decis govern member state concern assess publicli announc decis hellen republ recommend accord articl treati issu council deadlin set recommend lead conclus spite restrain measur announc fiscal polici expansionari contrast request council partli due statist revis carri cooper eurostat appli correctli esa statist system expenditur overrun organis olymp game overrun spend item shortfal revenu item correctli estim budget budgetari measur announc offset slippag ensur gener govern deficit brought gdp gener gross debt gdp ratio fall satisfactori pace larg stock flow adjust project greek govern effect action line oper contribut rise debt hellen republ improv collect process budgetari data notabl relat expenditur militari equip interest payment social secur account step undertaken close cooper eurostat ensur prompt correct suppli gener govern data requir exist legal framework articl treati state council establish effect action respons recommend accord articl treati decid make recommend public line stabil growth pact resolut european council hellen republ made recommend public juli decid articl hellen republ effect action respons council recommend juli period laid recommend articl decis address hellen republ brussel januari council presid juncker oj oj oj