council decis decemb abrog decis exist excess deficit greec ec council european union regard treati establish european commun articl thereof regard recommend commiss articl treati lai member state avoid excess govern deficit articl treati defin excess deficit procedur provid decis exist excess deficit excess deficit correct abrog decis excess deficit procedur determin articl treati protocol excess deficit procedur annex treati set provis relat implement excess deficit procedur regul ec lai detail rule definit applic provis protocol stabil growth pact consist european council resolut amsterdam june regul ec no lai guid principl rule clarif implement excess deficit procedur surveil budgetari posit surveil coordin econom polici stage emu recommend commiss accord articl treati council decid septemb excess deficit exist greec accord articl treati council made recommend greec novemb juli septemb septemb view bring excess situat end council decis exist excess deficit abrog accord articl treati excess deficit member state concern view council correct abrog decis council act recommend commiss definit quot govern quot quot deficit quot quot invest quot laid protocol excess deficit procedur refer european system integr econom account esa edit base data provid commiss report greec septemb accord regul ec conclus warrant gener govern deficit reduc gdp outcom slightli deficit target recommend council year govern invest expenditur gdp exceed govern deficit time fiscal adjust recent year base larg increas primari surplus interest burden declin progress combin effect lower interest rate reduct govern debt gdp ratio deficit estim gdp updat greek converg programm submit stabil growth pact requir gener govern deficit expect declin gdp gener govern debt reach peak gdp reduc percentag point year gdp debt ratio estim gdp updat greek converg programm debt ratio declin gdp greek govern confirm commit keep primari surplu level contribut strongli declin debt ratio primari surplu essenti maintain debt ratio sustain downward path deficit treati refer expect remain declin medium term gross debt ratio decreas expect declin path come year adopt decis articl assess excess deficit situat greec correct articl council decis septemb exist excess deficit greec abrog decis address hellen republ brussel decemb council presid hemilä oj oj oj oj