Explore European Union Legislation by Asking a Legal Question
assisted-checkbox
filter-instruction-1
positive-filters
negative-filters
act-filter tabs-all
parameters-title
query
assisted-checkbox: ✅
result-title
total 1
Council Regulation (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure article 10 CELEX: 01997R1467-20240430 1. The Council and the Commission shall regularly monitor the implementation of action taken: — by the Member State concerned in response to recommendations made under Article 126(7) TFEU, — by the participating Member State concerned in response to notices given under Article 126(9) TFEU. 2. Where action by a participating Member State is not being implemented or, in the Council’s view, is proving to be inadequate, the Council shall immediately take a decision under paragraph 9 or 11 of Article 126 TFEU respectively. 3. Where actual data pursuant to Regulation (EC) No 479/2009 indicate that an excessive deficit has not been corrected by a participating Member State within the time limits specified either in recommendations issued under Article 126(7) TFEU or notices issued under Article 126(9) TFEU, the Council shall immediately take a decision under Article 126(9) or (11) TFEU respectively. |