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Stability and Growth Pact: Excessive deficit procedure initiated against seven member states

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Published: July 29th, 2024,
Last updated: September 3rd, 2024

Ungarns Finanzminister Mihály VARGA: Auch gegen Ungarn läuft ein Dezizitverfahren.
Hungary’s Finance Minister Mihály Varga: The EU has also opened an excessive deficit procedure against his country.

On Friday, the Council of the European Union decided to initiate excessive deficit procedures against Belgium, France, Italy, Hungary, Malta, Poland and Slovakia. Romania, which has been under an excessive deficit procedure since 2020, will continue to be monitored due to insufficient measures to correct its deficit.

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Europäischer Rat