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EU states agree to end excessive deficit procedure for Greece
September 25, 2017 / 8:48 AM / a month ago

EU states agree to end excessive deficit procedure for Greece

BRUSSELS, Sept 25 (Reuters) - European Union states decided on Monday to close disciplinary procedures against Greece over its excessive deficit after improvements in Greece’s fiscal position, confirming the country’s recovery is on the right track.

EU states backed a recommendation by the European Commission to end the excessive deficit procedure. “After many years of severe difficulties, Greece’s finances are in much better shape. Today’s decision is therefore welcome”, Estonia’s finance minister Toomas Toniste said in a statement. (Reporting by Francesco Guarascio @fraguarascio; editing by Philip Blenkinsop)

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