Examples of using Excessive deficit exists in English and their translations into Romanian
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The Council decides whether or not an excessive deficit exists by referring to.
The Commission will propose recommendations to the Council to put an end to situations where an excessive deficit exists.
When it decides that an excessive deficit exists, the Council shall at the same time make recommendations to the Member State concerned[…].
Undertakes, following a request from the Council,to make, as a rule, a recommendation for a Council decision on whether an excessive deficit exists.
In accordance with Article 104c(6), that an excessive deficit exists, the Council shall at the same time make recommendations to the Member State concerned in accordance with Article 104c(7).
On 8 July 2008 the Council decided, in accordance with Article 104(6)of the Treaty establishing the European Community that an excessive deficit exists in the United Kingdom.
When it decides that an excessive deficit exists, the Council shall at the same time make recommendations to the Member State concerned in accordance with►M2 Article 126(7) TFEU◄.
In addition, the ESM Treaty does not affect the competence of the Council of the EU to issue recommendations to a Member State in which an excessive deficit exists.
When it decides,in accordance with Article 104c(6), that an excessive deficit exists, the Council shall at the same time make recommendations to the Member State concerned in accordance with Article 104c(7).
The Council shall, on a proposal from the Commission, and having considered any observations which the Member State concerned may wish to make,decide after an overall assessment whether an excessive deficit exists.
Taking fully into account the opinion referred to in paragraph 1, the Commission,if it considers that an excessive deficit exists, shall address an opinion and a recommendation to the Council in accordance with Article 104c(5) and(6).
Closer monitoring would apply to member states subject to an excessive deficit procedure in order toenable the Commission to better assess whether a risk of non-compliance with the deadline to correct the excessive deficit exists.
Next, if the Commission considers that an excessive deficit exists or may occur, it addresses and opinion to the Member State under Article 126(5) and informs the Council.
Article 2 of the Protocol states in addition that this criterion“(…) shall mean that at the time of the examination the Member State is not the subject of a CouncilDecision under Article 104(6) of this Treaty that an excessive deficit exists”.
Article 3 of Regulation(EC) No 1467/97 provides that“[…] the Commission,if it considers that an excessive deficit exists, shall address an opinion and a proposal to the Council[…] and shall inform the European Parliament thereof.
According to Article 104c(6), whether an excessive deficit exists, shall in its overall assessment take into account any observations made by the Member State showing that an annual fall of real GDP of less than 2% is nevertheless exceptional in the light of further supporting evidence, in particular on the abruptness of the downturn or on the accumulated loss of output relative to past trends.
If the Council decides in accordance with Article 126(6)of the Treaty that an excessive deficit exists in a Member State, the lodging of a non-interest-bearing deposit shall be imposed by the Council, acting on a proposal from the Commission.
If the Council[…]decides that an excessive deficit exists in a Member State, the Council and the Commission shall, in the subsequent procedural steps of that Article of the TFEU, take into account the relevant factors referred to in paragraph 3 of this Article in particular in establishing a deadline for the correction of the excessive deficit and eventually extending that deadline[…].”.
Simultaneously, the Commission will also propose to the Council to decide that an excessive deficit exists under Article 126(6) and recommend the Council under Article 126(7) to issue recommendations to correct the excessive deficit by a given deadline.
The Council when deciding, according to Article 104c(6), whether an excessive deficit exists, shall in its overall assessment take into account any observations made by the Member State showing that an annual fall of real GDP of less than 2% is nevertheless exceptional in the light of further supporting evidence, in particular on the abruptness of the downturn or on the accumulated loss of output relative to past trends.
(c) in paragraph 7, the first sentence shall be replacedby‘Where the Council decides, in accordance with paragraph 6, that an excessive deficit exists, it shall adopt, without undue delay, on a recommendation from the Commission, recommendations addressed to the Member State concerned with a view to bringing that situation to an end within a given period.';
State of public finances:the country must not be the subject of a Council decision that an excessive budgetary deficit exists.
The Commission has proposed to strengthen the existing Excessive Deficit Procedure, which is aimed at preventing governments from breaching these thresholds.