Press Release: Excessive deficit procedure: Council extends deadlines for Spain, France, Netherlands, Poland, Portugal and Slovenia

The Council on 21 June 2013 issued revised recommendations to Spain, France, the Netherlands, Poland, Portugal and Slovenia on measures to be taken in order to correct their excessive government deficits.

In the revised recommendations, the Council extends by two years the deadlines for correction of the deficits of Spain, France, Poland and Slovenia, and by one year for the Netherlands and Portugal, on account of a worse-than-expected deterioration in their economies since the last time recommendations were issued. Also, the Council requires all six countries to take corrective action by 1 October 2013.

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