Press Release: Council opens excessive deficit procedure for Croatia

The Council of the European Union on 28 January 2014 at the Economic and Financial Affairs meeting in Brussels opened an excessive deficit procedure for Croatia, adopting a decision on the existence of an excessive government deficit as well as a recommendation setting out measures to be taken to correct the deficit by 2016.

The Council concurred with the Commission's view that Croatia does not meet the EU's deficit and debt criteria.

ESO: Background information: Croatia: Commission takes steps under the Excessive Deficit Procedure http://www.europeansources.info/record/memo-croatia-commission-takes-steps-under-the-excessive-deficit-procedure/

Deutsche Welle, 28.01.14: Croatia forced into EU deficit procedures http://dw.de/p/1AyOV

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