council opinion februari stabil programm greec 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 stabil programm greec cover period stabil programm submit greek govern month council decis june adopt greec singl currenc januari stabil programm project robust real gdp growth rate acceler support high invest rate strong export sustain privat consumpt council consid real gdp growth forecast includ stabil programm ambiti upper rang possibl programm present altern scenario project lower robust real gdp growth base higher assumpt import oil price basi baselin macroeconom scenario programm project gener govern surplu gdp rise gdp programm base fiscal consolid strategi greek converg programm consist maintain high primari surplus support signific reduct interest payment percent gdp result lower interest rate declin govern debt ratio gener govern debt ratio expect declin percentag point gdp gdp council consid project budgetari posit adequ safeti margin breach gdp deficit threshold normal circumst conform requir stabil growth pact council commend fiscal consolid strategi programm centr high primari surplus essenti reduc rapidli high govern debt ratio prepar futur challeng notabl budgetari burden ag popul council consid strategi primarili base adequ control primari expenditur increas clear bind norm aim reduc current expenditur ratio council warn condit high gdp growth project combin eas monetari condit renew inflationari pressur persist council consid risk overh economi contain determin support domest polici tight fiscal stanc restraint current expenditur ensur wage moder council note programm includ number market liberalis measur set regulatori framework structur reform labour product capit market reform social secur system announc council consid ambiti growth employ object stabil programm futur challeng requir determin attitud reform effort council encourag greek govern acceler implement reform labour market social secur system order enhanc potenti economi strengthen competit improv condit sustain growth employ creation council consid stabil programm consist broad econom polici guidelin council invit greek author pai attent reform pension system invit address budgetari consequ ag updat stabil programm oj oj