council opinion februari updat stabil programm germani 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 germani cover period programm compli broadli data requir revis quot code conduct content format stabil converg programm quot programm round figur mix incompat data improv note term detail esa consist statist framework part macroeconom scenario budgetari project germani invit achiev complianc data requir macroeconom scenario underli programm project real gdp growth practic unchang expect rate adjust substanti calendar effect figur impli acceler growth pp final year cover programm growth expect remain flat current perspect scenario appear plausibl growth forecast appear favour programm project inflat deem high side januari council decid excess deficit exist germani recommend correct latest reason detail commun commiss council european parliament 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 line commun primari aim budgetari strategi programm bring deficit gdp programm target continu declin gener govern deficit subsequ year deficit project declin steadili percentag point gdp year reach level round gdp commiss calcul base project programm commonli agre methodolog cyclic adjust deficit narrow slightli pp gdp previou updat medium term budgetari strategi aim balanc structur reform budgetari consolid cyclic stabilis base current inform measur announc german author novemb suffici reduc deficit gdp compar deficit project commiss servic autumn forecast octob budgetari situat remain vulner correct excess deficit requir effect full implement measur envisag addit measur case advers develop jeopardis target deficit gdp year budgetari outcom wors project programm gener govern deficit remain gdp view improv cyclic adjust balanc end programm period pp adjust project updat small implement remark structur reform reduc medium term expenditur path budgetari adjust optimist programm horizon addit measur announc novemb bring deficit gdp weaken extent budgetari situat end programm period 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 rise declin onward gdp evolut debt ratio favour project risk budgetari target mention long term sustain public financ germani appear risk germani favour posit provid structur reform underli programm activ implement reform effort continu improv long term sustain long term sustain hing crucial achiev plan budgetari consolid medium term reduc debt level feder state social secur system plai role legisl structur reform quot agenda quot pension reform reduc budgetari impact ag expenditur reduc effect ongo reform subject uncertainti health care econom polici outlin updat partli consist countri specif broad econom polici guidelin area public financ reduct cyclic adjust deficit occur addit plan medium term adjust cyclic adjust balanc onward pp gdp subject risk lead close balanc budgetari posit period cover programm germani implement import structur reform notabl labour market pension system put countri posit face consequ ag popul remain crucial germani succe move higher trajectori actual potenti growth mobilis underutilis employ reserv view assess council opinion germani ensur correct excess deficit ii implement budgetari adjust year make effort structur term achiev budgetari posit close balanc end period cover programm iii continu structur reform order improv long term sustain public financ health care system real gdp chang sp dec oct sp jan hicp inflat sp dec oct sp jan gener govern balanc gdp sp dec oct sp jan primari balanc gdp sp dec oct sp jan cyclic adjust balanc gdp sp dec oct sp jan govern gross debt gdp sp dec oct sp jan oj document decemb