Communication from the Commission. Assessment of action taken by Greece in response to the Council Decision 2011/734/EU of 12 July 2011 addressed to Greece, as amended by Council Decision 2013/6/EU of 4 December 2012, with a view to reinforcing and deepening fiscal surveillance and giving notice to Greece to take measures for the deficit reduction judged necessary to remedy the situation of excessive deficit (May 2013)

This Communication assesses the measures implemented by Greece to comply with the Council Decision 2011/734/EU, as last amended by Council Decision 2013/6/EU of 4 December 2012.

Together with the Commission services' Compliance Report, prepared in liaison with the ECB, the Communication contributes to the assessment of compliance with the Memorandum of Understanding (MoU) in the context of the financing to Greece by the euro-area Member States, through the European Financial Stability Facility (EFSF).

This assessment is based on the Commission services' Spring Forecast 2013 and the detailed assessment made in the review of the economic adjustment programme, conducted by the Commission services together with the IMF and ECB staff. It takes account of economic and budgetary conditions since 4 December 2012, when the last Council Decision was issued.

EUR-Lex: COM(2013)285: Follow the progress of this communication through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2013:285:FIN

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