Communication from the Commission to the Council – Follow-up to Council Decision 2011/xxx/EU of 12 July 2011 addressed to Greece, 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 (October 2011)

This quarterly Communication assesses the measures implemented and planned by Greece to comply with Council Decision of 12 July 2011. Action taken until end-June 2011 was assessed in the Communication dated 1 July 2011.

Together with the Commission staff's Compliance Report, prepared in liaison with the ECB, the Communication also contributes to the assessment of compliance with the MEFP and the MoU, in the context of the loan facility agreement between Greece and other euro-area Member States.

This assessment is based on the mission conducted by European Commission staff together with IMF and ECB staff in the context of the economic adjustment programme and the quarterly report transmitted by the Greek Ministry of Finance on 19 August 2011.

EUR-Lex: COM(2011)705: Follow the progress of this document through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2011:705:FIN

European Commission: COM(2011)703: Recommendation for a Council Decision amending Council Decision 2011/xxx/EU of 12 July 2011 addressed to Greece 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 http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2011:0703:FIN:EN:PDF

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